APC 2010 Annual Report Download - page 256

GENERAL PRESENTATION OF SCHNEIDERELECTRICSA
7STOCK OPTION AND STOCK GRANT PLANS WITHPERFORMANCE CRITERIA
Past option plans
Plan Plan date
Number of
benefi ciaries
at inception
Number of
options at
inception
o/w
corporate
offi cers
Exercise
price
(ineuros) Performance criteria
% of
targets
reached
Options
cancelled by
performance
criteria(1)
Options
outstanding at
Dec.31, 2010(2)
21 Feb.5, 2003 433 2,000,000 150,000 45.21 50% of options - 2005 net
operating profi t and return
on capital employed
84.0 141,900 44,226
22 Feb.5, 2003 111 111,000 - 45.21 Without - plan reserved to
winners of the trophy
NA NA 6,470
23 May6, 2004 107 107,000 - 55.55 Without - plan reserved to
winners of the trophy
NA NA 15,166
24 May6, 2004 402 2,060,700 150,000 55.55 50% of options -
operating margin on
revenue - 1/3 per year on
2004, 2005 and 2006
88.9 94,300 422,822
25 May12, 2005 157 138,500 - 56.47 Without - plan reserved to
winners of the trophy
NA NA 29,470
26 Jun.28, 2005 458 2,003,800 200,000 60.19 50% of options - 2005
and 2006 operating
margin and revenue
100 - 945,099
27 Dec1, 2005 419 1,614,900 150,000 71.40 50% of options - 2006
and 2007 operating
margin and revenue
100 - 1,084,196
28 Dec21, 2006 489 1,257,120 112,000 81.34 50% of options - 2007
and 2008 operating
margin and revenue
100 - 1,052,823
29 Apr.23, 2007 43 83,150 - 97.05 50% of options - 2007
and 2008 operating
margin and revenue
100 - 76,150
30 Dec.19, 2007 542 944,926 88,200 92.00 50% of options - 2008
and 2009 operating
margin and revenue
- 443,976 441,220
31 Jan.5, 2009 328 679,000 68,500 52.12 50% of options/100%
for the Management
Board - 2011 operating
margin(4) and 2009 to
2011 EPS compared to a
benchmark selection(3)
- - 643,450
32 Aug.21, 2009 1 5,000 5,000 62.61 without - - 5,000
33 Dec.21, 2009 391 826,343 65,000 75.84 50% of options/100% for
the Management Board -
2010 and 2011 operating
margin(4) and 2011 share
of revenue generated in
the new economies
- - 823,043
11,831,439 988,700 - 680,176 5,589,135
(1) Number of shares cancelled for non-achievement of targets (plans 21 to 30).
(2) Number of options outstanding after deduction of all cancellations and exercises since the plan was initiated.
(3) On the basis of a pre-defi ned and fi xed list of 11competitor companies.
(4) Excluding restructuring costs.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC254