APC 2011 Annual Report Download - page 186

184 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
CONSOLIDATED FINANCIAL STATEMENTS
5NOTES TO THE CONSOLIDATED FINANCIAL
21.5 – Share-based payments
Current stock option and stock grant plans
The Board of Directors of Schneider ElectricSA and later the Management Board have set up stock option and stock grant plans for senior
executives and certain employees of the Group. The main features of these plans were as follows at December31, 2011:
Stock option plans
Plan no.
Date of Board
meeting Type of plan(1)
Starting date
of exercise period Expiration date Price (ineuros)
Number of
options initially
granted
Options cancelled
because targets not
met
18 Mar.24, 2000 P Mar.24, 2003 Mar.23, 2008 32.62 2,842,400 1,373,200
19 April4, 2001 S April4, 2005 April3, 2009 34.06 3,115,700 N/A(2)
20 Dec.12, 2001 S Dec.12, 2005 Dec.11, 2009 25.63 3,200,000 333,600
21 Feb.5, 2003 S Feb.5, 2007 Feb.4, 2011 22.60 4,000,000 283,800
22 Feb.5, 2003 S June5, 2003 Feb.4, 2011 22.60 222,000 N/A(2)
23 May6, 2004 S Oct.1, 2004 May5, 2012 27.77 214,000 N/A(2)
24 May6, 2004 S May6, 2008 May5, 2012 27.77 4,121,400 188,600
25 May12, 2005 S Oct.1, 2005 May11, 2013 28.23 277,000 N/A(2)
26 June28, 2005 S June28, 2009 June27, 2013 30.09 4,007,600 -
27 Dec.1, 2005 S Dec.1, 2009 Nov.30, 2013 35.70 3,229,800 -
28 Dec.21, 2006 S or P Dec.21, 2010 Dec.20, 2016 40.67 2,514,240 -
29 April23, 2007 S or P April23, 2011 April22, 2017 48.52 166,300 -
30 Dec.19, 2007 S or P Dec.19, 2011 Dec.18, 2017 46.00 1,889,852 980,926
31 Jan.5, 2009 S or P Jan.5, 2013 Jan.4, 2019 26.06 1,358,000 -
32 Aug.21, 2009 S or P Aug.21, 2013 Aug.20, 2019 31.30 10,000 -
33 Dec.21, 2009 S or P Dec.21, 2013 Dec.20, 2019 37.92 1,652,686 -
TOTAL 32,820,978 3,160,126
(1) S =Options to subscribe new shares. P =Options to purchase existing shares.
(2) Not applicable because no vesting conditions were set.
Rules governing the stock option plans are as follows:
•to exercise the option, the grantee must be an employee or
corporate offi cer of the Group. Vesting is also conditional on the
achievement of performance criteria;
•the options expire after eight to ten years;
•the vesting period is three or four years in the United States and
four years in the rest of the world.