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2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 219

CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2015

5

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Rules governing the stock option plans are as follows:

•to exercise the option, the grantee must generally be an employee or corporate ofﬁ cer of the Group. Vesting is also conditional on the

achievement of performance criteria;

•the options expire after six years;

•the vesting period is three or four years in the United States and four years in the rest of the world.

Performance shares

Plan no. Date of Board

meeting Vesting Date Expiration Date Number of shares

granted originally Grants cancelled because

targets not 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 -

19 a 02/18/2015 02/18/2017 02/20/2020 4,925 -

19 b 02/18/2015 02/18/2018 02/19/2020 9,100 -

20 a 02/18/2015 02/18/2017 02/20/2020 11,475 -

20 b 02/18/2015 02/18/2018 02/19/2020 11,950 -

20 c 02/18/2015 02/18/2019 02/18/2020 9,300 -

21 03/27/2015 03/27/2017 03/28 /2019 719,670 -

21 bis 10/28/2015 10/28/2017 10/29 /2019 1,500 -

22 03/27/2015 03/27/2019 03/28 /2019 2,095,610 -

22 bis 10/28/2015 10/28/2019 10/29 /2019 32,650 -

22 ter 10/28/2015 10/28/2019 10/29 /2019 24,570 -

TOTAL 12,251,250 28,788

Rules governing the stock grant plans are as follows:

•to receive the stock, the grantee must generally be an employee

or corporate ofﬁ cer of the Group. Vesting is also conditional on

the achievement of performance criteria;

•the vesting period is two to four years;

•the lock-up period is zero to three years.