APC 2015 Annual Report Download - page 284

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC282
INFORMATION ON THE COMPANY AND ITS CAPITAL
7SHARES ANDSTOCKOPTIONPLANS
•mandatory investment in Schneider ElectricSE shares of 10% of
the selling price (net of taxes and contributions) of performance
shares grants acquired through plans set up since2009.
These obligations are suspended once the shareholding targets
described above are met.
Executive offi cers formally commit for each grant of shares since
2014 not to engage in hedging transactions in respect of their own
risks on the shares until the end of their duties as executive offi cers.
Stock options and shares held by executive
officers
Mr.Jean-Pascal Tricoire
As of December31, 2015 , Mr.Jean-Pascal Tricoire’s situation with
regard to stock options and shares grants was as follows:
(i) 386,799 options may be exercised under plans28, 30, 31, 33;
(ii) 194 ,000 shares are being acquired and are subject to
performance conditions under plans16, 17, 18,
19 a and b, 20
a, b and c, 21, 22;
(iii) 65,000 performance shares, of which 15,000 are vested under
plan 15 and will become available as of March 28, 2017 and
50,000 are vested under plan13 and will become available as of
March 18, 2016 ;
(iv) 113,238 performance shares are vested and are available under
plans1, 3, 5, 8 and 10 .
Mr.Emmanuel Babeau
As of December31, 2015 , Mr.Emmanuel Babeau’s situation with
regard to stock options and shares grants was as follows:
(i) 59,750 shares are being acquired under plans 17, 19 a and b,
20 a and b, 21 and 22 ;
(ii) 46,000 performance shares, of which 24,000 are vested under
plan 15 and will become available as of March 28, 2017 and
22,000 shares are vested under plan 13 and will be available as
of March 18, 2016.
6.1 Past stock option plans *
Plan Plan date
Number of
benefi ciaries
at inception
Number of
options at
inception
Exercise
price
(in euros) Performance criteria
% of
targets
reached
Options
cancelled by
performance
criteria(1)
Options
outstanding at
December31,
2015
(2)
28 21/12/2006 489 2,514,240 39.60
50% of options – 2007
and2008 operating
margin andrevenue 100 - 615,357
29 23/ 04/2007 43 166,300 47.24
50% of options – 2007
and2008 operating
margin andrevenue 100 - 53,951
30 19/12/ 2007 542 1,889,852 44.79
50% of options – 2008
and2009 operating
margin andrevenue - 887,952 313,628
31 05/01/ 2009 328 1,358,000 25.37
50% of options/100%
for themanagement
board – 2011 operating
margin(4) and2009 to2011
EPS compared to a
benchmarkselection(3) 80 133,760 313,134
33 21/12/ 2009 391 1,652,686 36. 92
50% of options/100% for the
management board – 2010
and2011 operating margin(2)
and2011 share of revenue
generated
in the neweconomies 100 - 687,069
7,581,078 -1,021,712 1,983,139
(*) The data above are adjusted of the two-for-one share split, effective September 2, 2011 and the adjustment made in May 2014 and
May 2015.
(1) Number of options remaining to be exercised after deduction of all cancellations and exercises since plan implementation.
(2) Excluding restructuring costs.
(3) On the basis of a pre-defi ned and fi xed list of 11 competitor companies.