APC 2011 Annual Report Download - page 134

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132 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CORPORATE GOVERNANCE
3REGULATED AGREEMENTS
Transactions in Schneider ElectricSA shares by senior management and
corporate officers in 2011
Transactions disclosed in application of article621–18-2 of the French Monetary andFinancialCode
Date Name Transaction type Unit price (1)
Total transaction
amount
June28, 2011 Henri Lachmann Exercise of stock options €27.77 €1,666,500
July12, 2011 Henri Lachmann Subscription via FCPE €47.69 €75,000
July12, 2011 Claude Briquet Subscription via FCPE €47.69 €2,400
July12, 2011 Claude Briquet Subscription via FCPE €47.69 €4,786
July12, 2011 Emmanuel Babeau Subscription via FCPE €47.69 €6,465
July12, 2011 Jean-Pascal Tricoire Subscription via FCPE €47.69 €3,000
July12, 2011 Jean-Pascal Tricoire Subscription via FCPE €47.69 €210,395
August29, 2011 Dominique Sé né quier Share purchase €45.24 €22,870
August29, 2011 Betsy Atkins Share purchase $ 65.62 $ 32,808
September1, 2011 Jeong Kim Share purchase €46.77 €23,415
November15, 2011
Natural person connected to
Serge Weinberg Share purchase €39.90 €9,974
November15,2011
Natural person connected to
Serge Weinberg Share purchase €39.90 €9,974
December12, 2011 Willy Kissling Share transfer €40.38 €1,615
December12, 2011 Willy Kissling Share transfer €40.37 €30,318
December12, 2011 Willy Kissling Share transfer €40.38 €35,252
(1) Data adjusted to refl ect two-for-one share split that took place on September2, 2011.
>
9. Regulated Agreements
At its meeting of January6, 2006, the Board of Directors authorised
the signature of a shareholders’ agreement between AXA and
Schneider ElectricSA. The agreement calls for the continuation of
stable cross-shareholdings between the two groups. In particular,
Schneider ElectricSA undertakes to hold no less than 8.8million
AXA shares, or 0.4% of AXA’s capital, while AXA undertakes
to hold no less than 2.6 million Schneider ElectricSA shares or
1% of Schneider Electric SA’s capital. Each group also holds a
call option that may be exercised in the event of hostile takeover.
Thisagreement, which was entered into for a period of one year
and renewable tacitly each year for one year was approved by the
Anual Shareholders’ Meeting of April26, 2007. On December22,
2011 AXA and Schneider Electric informed the AMF that they had
decided not to renew this agreement. It will therefore cease in its
effects on the date dictated by the contract, i.e. May15, 2012. This
cancellation has been made public by the AMF on December27,
2011.
As Jean-Pascal Tricoire agreed to resign from his employment
contract with the Schneider Electric Group (where he has 22years’
seniority) when his term as Chairman of the Board expired on
May2, 2009, the Supervisory Board defi ned his new status with
his agreement. His new status took effect on May3, 2009 and was