Philips 2008 Annual Report Download - page 176

Stock options
as of Jan. 1,
2008
granted
during 2008
exercised
during 2008
as of Dec. 31,
2008
exercise price
(in euros or
USD)
share
(closing)
price on
exercise date expiry date
A. Ragnetti 30,0001)2) −−30,000 15.29 −11.02.2013
17,6041) −−17,604 16.77 −15.04.2013
18,4051) −−18,405 24.13 −13.04.2014
24,0031) −−24,003 19.41 −18.04.2015
27,000 −−27,000 26.28 −18.04.2016
39,600 −−39,600 30.96 −16.04.2017
−38,403 - 38,403 23.11 −14.04.2018
S.H. Rusckowski 27,0001)4) −−27,0001)4) $28.78 −13.04.2014
2,7001)4) −−2,7001)4) $25.43 −27.01.2015
31,5001)4) −−31,5001)4) $25.28 −18.04.2015
31,5001)4) −−31,5001)4) $32.25 −18.04.2016
4,5001)4) −−4,5001)4) $34.56 −16.10.2016
42,903 −−42,903 30.96 −16.04.2017
−38,403 −38,403 23.11 −14.04.2018
1,546,454 259,218 1,805,672
Awarded before date of appointment as a member of the Board of Management
1)
(Partly) sign-on grant
2)
The Supervisory Board and the Board of Management have decided to adjust upwards the exercise price of all options
3)
to, but not yet exercised by, members of the Board of Management as of July 31, 2000 by EUR 0.21 per common share
in connection with the 3% share reduction program effected mid-2000
Awarded under US stock option plan
4)
See note 33 for further information on stock options and restricted share rights.
The total pension charges of the members of the Board of Management in 2008 amount
to EUR 725,462 (pension charge in 2007: EUR 505,208; 2006: EUR 767,161).
The accumulated annual pension entitlements and the pension costs of individual members
of the Board of Management are as follows (in euros):
age at
December
31, 2008
accumulated
annual
pension as of
December
31, 20081)
pension
costs2)
G.J. Kleisterlee3) 62 719,769 (314,893)
P-J. Sivignon 52 28,477 250,951
G.H.A. Dutiné 56 87,864 192,153
R.S. Provoost 49 66,233 192,003
A. Ragnetti 48 38,598 202,281
S.H. Rusckowski 51 13,030 235,852
758,3474)
Under final pay or average pay plan
1)
Including costs related to employer contribution in defined-contribution pension plan
2)
As Mr Kleisterlee was born before January 1, 1950, he continued to be a member of the final pay plan
3)
with a pensionable age of 60. No further accrual takes place
Mr Van Deursen for the period January - April 2008 not included: EUR (32,885)
4)
Philips Annual Report 2008176
180
Sustainability performance
192
IFRS financial statements
244
Company financial statements
124
US GAAP financial statements
Notes to the US GAAP
financial statements