APC 2013 Annual Report Download - page 286

7INFORMATION ON THE COMPANY AND ITS CAPITAL
PERFORMANCE SHARES AND STOCK OPTION PLANS
Description of Stock Appreciation Rights
mandatory retention beyond the lock-up period of a percentage
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of the shares acquired under plans3 and following. The
(SARs)
percentage is fixed at 25% for Jean-Pascal Tricoire and 15% for
SARs mirror the mechanism of options. They are subject to Emmanuel Babeau;
conditions, particularly performance criteria. The beneficiary mandatory investment in Schneider ElectricSA shares of 10% of
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receives the proceeds in cash. the selling price (net of taxes and contributions) of performance
shares grants acquired through plans set up since2009.
Description of phantom shares
These obligations are suspended once the shareholding targets
described above are met.
Phantom shares mirror performance shares and are partially
Stock options and performance shares held
subject to specific performance criteria. The beneficiary receives
the proceeds in cash.
byexecutive directors
Lock-up period applicable to executive directors MrJean-Pascal Tricoire
The supervisory board has set: As of December31, 2013, MrJean-Pascal Tricoire's situation with
a retention target of shares representing three years of base
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regard to options and stock grants was as follows:
salary for MrJean-Pascal Tricoire, and two years of base salary
396,574options may be exercised under plans 28, 30,31,(i)
for MrEmmanuel Babeau. Calculation of the number of shares
33;
held is based on Schneider ElectricSA shares and the
100,000 shares are being acquired and are subject to(ii
equivalent in shares of the corporate mutual fund units invested
performance conditions under plans 13, 15 and 16;
in Schneider Electric shares held by the beneficiaries.
95,900performance shares are vested and will become(iii)
In accordance with the provisions of articlesL.225-185 and
available as of February 23, 2014 for 47,500 shares under
L.225-197-1 of the French Commercial Code and the
plans 5 and 8, and as March 18, 2015 for 48,400 shares
AFEP/MEDEF guidelines, the supervisory board has approved the
under plan 10;
following:
17,338 shares are vested and are available under plans 1(iv)
retention of a proportion of shares arising from the exercise of
land 3.
options granted under plans30 and following must be held in a
MrEmmanuel Babeau
registered account. This number corresponds to a percentage
of the capital gains realized through exercise of the options, net
As of 31December 2013, MrEmmanuel Babeau's situation with
of taxes and mandatory contributions and the sums necessary
regard to options and stock grants was as follows:
to fund the purchase of such shares. The percentage is fixed at
25% for MrJean-Pascal Tricoire and 15% for MrEmmanuel
30,000options may be exercised under plan 33;(i)
Babeau;
46,000shares are being acquired and are subject to(ii)
performance conditions unders plans 13 and 15;
29,360 shares are vested and will become available as of
(iii)
February 23, 2014 for 7,500 shares under plan 8, as of
August 21, 2014 for 2,500 shares under plan 7, and as
March 18, 2015 for 19,360 shares under plan 10.
284 2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC