APC 2014 Annual Report Download - page 216

5CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
21.5 – Share-based payments
Current stock option and stock grant plans
The board of directors of Schneider ElectricSE 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, 2014:
Stock option plans
Options
Number of cancelled
Date of Board Starting dateof options initially because targets
Plan no. Type of plan(1) Expiration date Price (ineuros)meeting exercise period granted notmet
28 12/21/2006 S 12/21/2010 12/20/2016 40.41 2,514,240 -
29 04/23/2007 S 04/23/2011 04/22/2017 48.21 166,300 -
30 12/19/2007 S 12/19/2011 12/18/2017 45.71 1,889,852 980,926
31 01/05/2009 S 01/05/2013 01/04/2019 25.89 1,358,000 -
33 12/21/2009 S 12/21/2013 12/20/2019 37.68 1,652,686 -
TOTAL 7,581,078 980,926
S =Options to subscribe new shares. P =Options to purchase existing shares.(1)
Rules governing the stock option plans are as follows: the options expire after six years;
l
the vesting period is three or four years in the United States and
l
to exercise the option, the grantee must generally be an
l
four years in the rest of the world.
employee or corporate officer of the Group. Vesting is also
conditional on the achievement of performance criteria;
Performance shares
Grants cancelled
Number of shares because targets not
Plan no. Date of Board meeting Vesting Date Expiration Date granted originally met
10 12/17/2010 03/17/2013 03/17/2015 665,524 11,409
11 12/17/2010 12/17/2014 12/17/2014 1,161,696 17,237
10 bis 07/26/2011 07/26/2013 07/26/2015 3,000 48
11 bis 07/26/2011 07/26/2015 07/26/2015 5,882 94
12 07/26/2011 07/26/2015 07/26/2015 19,850 -
13 and 13 bis 12/16/2011 12/16/2013 12/16/2015 647,943 -
14 and 14 bis 12/16/2011 12/16/2015 12/16/2015 1,386,800 -
13 ter 07/27/2012 07/27/2014 07/27/2016 625 -
14 ter 07/27/2012 07/27/2016 07/27/2016 1,500 -
15 03/28/2013 03/28/2015 03/28/2017 645,550 -
16 03/28/2013 03/28/2017 03/28/2017 1,844,830 -
15 bis 10/24/2013 10/24/2015 10/26/2017 4,500 -
16 bis 10/24/2013 10/24/2017 10/24/2017 19,600 -
17 03/31/2014 03/31/2016 04/02/2018 714,480 -
18 03/31/2014 03/31/2018 04/02/2018 2,177,320 -
17 bis 10/28/2014 10/28/2016 10/29/2018 500 -
18 bis 10/28/2014 10/28/2018 10/29/2018 30,900 -
TOTAL 9,330,500 28,788
Rules governing the stock grant plans are as follows: the vesting period is two to four years;
l
the lock-up period is zero to two years.
l
to receive the stock, the grantee must generally be an
l
employee or corporate officer of the Group. Vesting is also
conditional on the achievement of performance criteria;
214 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC