APC 2012 Annual Report Download - page 198

2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC196
CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31, 2012
5NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
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, 2012:
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 03/24/2000 P 03/24/2003 03/23/2008 32.62 2,842,400 1,373,200
19 04/04/2001 S 04/04/2005 04/03/2009 34.06 3,115,700 N/A(2)
20 12/12/2001 S 12/12/2005 12/11/2009 25.63 3,200,000 333,600
21 02/05/2003 S 02/05/2007 02/04/2011 22.60 4,000,000 283,800
22 02/05/2003 S 06/05/2003 02/04/2011 22.60 222,000 N/A(2)
23 05/06/2004 S 10/01/2004 05/05/2012 27.77 214,000 N/A(2)
24 05/06/2004 S 05/06/2008 05/05/2012 27.77 4,121,400 188,600
25 05/12/2005 S 10/01/2005 05/11/2013 28.23 277,000 N/A(2)
26 06/28/2005 S 06/28/2009 06/27/2013 30.09 4,007,600 -
27 12/01/2005 S 12/01/2009 11/30/2013 35.70 3,229,800 -
28 12/21/2006 S or P 12/21/2010 12/20/2016 40.67 2,514,240 -
29 04/23/2007 S or P 04/23/2011 04/22/2017 48.52 166,300 -
30 12/19/2007 S or P 12/19/2011 12/18/2017 46.00 1,889,852 980,926
31 01/05/2009 S or P 01/05/2013 01/04/2019 26.06 1,358,000 -
32 08/21/2009 S or P 08/21/2013 08/20/2019 31.30 10,000 -
33 12/21/2009 S or P 12/21/2013 12/20/2019 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.