APC 2011 Annual Report Download - page 253

2512011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
GENERAL PRESENTATION OF SCHNEIDERELECTRICSA
7
PERFORMANCE SHARE GRANTS ANDSTOCK OPTION PLANS
Plan Plan date
Number of
benefi ciaries
at inception
Number of
options at
inception
of which
corporate
offi cers
Exercise
price
(ineuros) Performance criteria
% of
targets
reached
Options
cancelled by
performance
criteria (1)
Options
outstanding
at Dec.31,
2011 (2)
21 Feb.5, 2003 433 4,000,000 300,000 22.60 50% of options - 2005 net
operating profi t and return
on capital employed
84.0 283,800 - (5)
22 Feb.5, 2003 111 222,000 - 22.60 Without - plan reserved to
winners of the trophy
NA NA - (5)
23 May6, 2004 107 214,000 - 27.77 Without - plan reserved to
winners of the trophy
NA NA 22,292
24 May6, 2004 402 4,121,400 300,000 27.77 50% of options - operating
margin on revenue - 1/3
per year on 2004, 2005
and 2006
88.9 188,600 571,390
25 May12, 2005 157 277,000 - 28.23 Without - plan reserved to
winners of the trophy
NA NA 44,068
26 Jun.28, 2005 458 4,007,600 400,000 30.09 50% of options - 2005 and
2006 operating margin and
revenue
100 - 1,647,570
27 Dec.1, 2005 419 3,229,800 300,000 35.70 50% of options - 2006 and
2007 operating margin and
revenue
100 - 1,899,410
28 Dec.21, 2006 489 2,514,240 224,000 40.67 50% of options - 2007 and
2008 operating margin and
revenue
100 - 1,800,722
29 Apr.23, 2007 43 166,300 - 48.52 50% of options - 2007 and
2008 operating margin and
revenue
100 - 144,300
30 Dec.19, 2007 542 1,889,852 176,400 46.00 50% of options - 2008 and
2009 operating margin and
revenue
- 887,952 841,960
31 Jan.5, 2009 328 1,358,000 137,000 26.06 50% of options/100% for
the Management Board
- 2011 operating margin(4)
and 2009 to 2011 EPS
compared to a benchmark
selection(3)
80 (6) - 1,253,300
32 Aug.21, 2009 1 10,000 10,000 31.30 without - - 10,000
33 Dec.21, 2009 391 1,652,686 130,000 37.92 50% of options/100% for
the Management Board -
2010 and 2011 operating
margin(4) and 2011 share
of revenue generated in
the new economies
100 - 1,624,636
23,662,878 1,977,400 - 1,360,352 9,859,648
(1) Number of shares cancelled for non-achievement of targets (plans23 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.
(5) 58,778options for plan21 and 12,120options for plan 22 were cancelled following the end of the annual period (February4, 2011).
(6) Application of these performance criteria has resulted in the cancellation of 133,760 options granted under plan 31 in 2012.
Past stock option plans
The data below are adjusted for the two-for-one share split , effective September2, 2011.