APC 2014 Annual Report Download - page 286

7INFORMATION ON THE COMPANY AND ITS CAPITAL
PERFORMANCE SHARES AND STOCK OPTION PLANS
Description of Stock Appreciation Rights (SARs)
These obligations are suspended once the shareholding targets
described above are met.
SARs mirror the mechanism of options. They are subject to
Stock options and performance shares held
conditions, particularly performance criteria. The beneficiary
receives the proceeds in cash.
byexecutive directors
Lock-up period applicable to executive directors MrJean-Pascal Tricoire
The board of directors has set: As of December31, 2014, MrJean-Pascal Tricoire's situation with
a retention target of shares representing three years of base
l
regard to stock options and performance shares grants was as
salary for MrJean-Pascal Tricoire, and two years of base salary follows:
for MrEmmanuel Babeau. Calculation of the number of shares
359,081options may be exercised under plans28, 30, 31,(i)
held is based on Schneider ElectricSE shares and the
33;
equivalent in shares of the corporate mutual fund units invested
110,000 shares are being acquired and are subject to(ii)
in Schneider Electric shares held by the beneficiaries.
performance conditions under plans15, 16, 17, 18;
In accordance with the provisions of articlesL.225-185 and
98,400performance shares, of which 50,000 are vested(iii)
L.225-197-1 of the French Commercial Code and the
under plan13 and will become available as of March18,
AFEP/MEDEF guidelines, the board of directors has approved the
2016 and 48,400 are vested and under plan 10 and will
following:
become available as of March19, 2015;
retention of a proportion of shares arising from the exercise of
l64,838 performance shares are vested and are available(iv)
options granted under plans30 and following must be held in a
under plans1, 3, 5 and 8.
registered account. This number corresponds to a percentage
MrEmmanuel Babeau
of the capital gains realized through exercise of the options, net
of taxes and mandatory contributions and the sums necessary
to fund the purchase of such shares. The percentage is fixed at As of December31, 2014, MrEmmanuel Babeau's situation with
25% for MrJean-Pascal Tricoire and 15% for MrEmmanuel regard to stock options and performance shares grants was as
Babeau; follows:
mandatory retention beyond the lock-up period of a percentage
l30,190options may be exercised under plan33;(i)
of the shares acquired under plans3 and following. The
50,000shares are being acquired and are subject to(ii)
percentage is fixed at 25% for Jean-Pascal Tricoire and 15% for
performance conditions unders plans15 and 17 and;
Emmanuel Babeau;
41,360 performance shares, of which 22,000 are vested(iii)
mandatory investment in Schneider ElectricSE shares of 10% of
lunder plan13 and will become available as of March18,
the selling price (net of taxes and contributions) of performance
2016 and 19,360 shares are vested under plan10 and will
shares grants acquired through plans set up since2009.
be available as of March19, 2015.
284 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC