APC 2010 Annual Report Download - page 188

CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Stock grants
Plan no. Date of Board meeting Vesting Date Expiration Date Number of shares granted originally Grantscancelled because targets not met
1 Dec.21, 2006 Dec.21, 2009 Dec.21, 2011 52,006 -
2 April23, 2007 April23, 2010 April23, 2012 2,214 -
3 Dec.19, 2007 Dec.19, 2010 Dec.19, 2012 66,394 34,717
4 Dec.19, 2007 Dec.19, 2011 Dec.19, 2011 57,250 29,088
5 Jan.5, 2009 Jan.5, 2012 Jan.5, 2014 143,715 -
6 Jan.5, 2009 Jan.5, 2013 Jan.5, 2013 212,351 -
7 Aug.21, 2009 Aug.21, 2012 Aug.21, 2014 1,250 -
8 Dec.21, 2009 Dec.21, 2011 Dec.21, 2013 159,753 -
9 Dec.21, 2009 Dec.21, 2013 Dec.21, 2013 390,095 -
10 Dec.17, 2010 Mar.17, 2013 Mar.17, 2015 332,762 -
11 Dec.17, 2010 Dec.17, 2014 Dec.17, 2014 580,848 -
TOTAL 1,998,638 63,805
Rules governing the stock grant plans are as follows:
•to receive the stock, the grantee must be an employee or
corporate offi cer of the Group. Vesting is also conditional on the
achievement of performance criteria;
•the vesting period is two to four years;
•the lock-up period is zero to two years.
Outstanding options and grants
Change in the number of options
Plan no. Number of options outstanding Dec.31, 2009
Number of options
exercised and/
or created 2010 Number of options cancelled 2010(1)
Number of options
outstanding Dec.31, 2010
21 427,781 (383,555) 44,226
22 18,570 (12,100) 6,470
23 39,598 (24,432) 15,166
24 1,321,048 (898,226) 422,822
25 45,316 (15,846) 29,470
26 1,742,754 (793,009) (4,646) 945,099
27 1,548,404 (456,128) (8,080) 1,084,196
28 1,191,661 (126,586) (12,252) 1,052,823
29 76,150 76,150
30 445,853 (4,633) 441,220
31 645,700 (2,250) 643,450
32 5,000 5,000
33 826,343 (3,300) 823,043
TOTAL 8,334,178 (2,709,882) (35,161) 5,589,135
(1) Including potential cancellations due to targets not being met or options being granted to employes without being exercised.
To exercise the options granted under plans 26 to 33, and the SARs,
the grantee must be an employee or corporate offi cer of the Group.
In addition, exercise of some options is generally conditional on the
achievement of annual objectives based on fi nancial indicators.
In respect of subscription vesting conditions for current stock option
plans, Schneider Electric SA has created 2,709,882shares in 2010.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC186