Page 282 - 2012 Annual Report

282 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
III - CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2012
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 21 Share-based compensation plans
21.2.2. Information on outstanding Vivendi plans since January 1, 2011
EQUITY-SETTLED INSTRUMENTS
Stock options Performance shares
Number of stock
options outstanding
(in thousands)
Weighted average strike price of
stock options outstanding
(in euros)
Number of
performance shares
outstanding
(in thousands)
Balance as of December 31, 2010 48,922 21.4 1,827
Granted 2,565 19.9 1,768
Exercised (554) 13.9 (509)
Cancelled (1,026) 19.7 (125)
Balance as of December 31, 2011 49,907 21.5 2,961
Granted 2,650 13.7 1,918
Exercised (a) (479) 13.0 (981)
Cancelled (411) 18.4 (138)
Adjusted 1,739 20.4 124
Balance as of December 31, 2012 (b) 53,406 20.5 (c) 3,884
Exercisable as of December 31, 2012 42,817 21.4 -
Acquired as of December 31, 2012 42,857 21.4 231
(a) The weighted average share price for Vivendi shares at the dates of exercise for the options was €16.70 (compared to €19.99 for stock options
exercised in 2011).
(b) The total intrinsic value of outstanding stock options was €22 million.
(c) The weighted-average remaining period before issuing shares under performance shares was 1.2 years.
Regarding the grant of 50 bonus shares, the remaining number of bonus shares was 697 thousand as of December 31, 2012. During 2012, 32 thousand
shares were cancelled.
Please refer to Note 18 for the potential impact on the share capital of Vivendi SA of the outstanding stock options, the performance shares and bonus shares.
Information on stock options as of December 31, 2012 is as follows:
Range of strike prices
Outstanding stock options Vested stock options
Number
Weighted average
strike price
Weighted average remaining
contractual life Number
Weighted average
strike price
(in thousands) (in euros) (in years) (in thousands) (in euros)
Under €18 11,111 15.4 5.9 3,160 13.3
€18-€20 17,019 18.5 4.3 14,421 18.3
€20-€22 7,395 21.3 2.3 7,395 21.3
€22-€24 6,296 22.6 5.3 6,296 22.6
€24-€26 5,714 25.7 3.3 5,714 25.7
€26-€28 5,871 27.7 4.3 5,871 27.7
€28 and more - - - - -
53,406 20.5 4.4 42,857 21.4
CASH-SETTLED INSTRUMENTS
As of December 31, 2012, the remaining outstanding SAR amounted to
5,064 thousand (compared to 5,057 thousand as of December 31, 2011).
In 2012, 35 thousand SAR were exercised and 123 thousand were
forfeited. All rights related to SAR were vested and their total intrinsic
value amounted to $2 million. As of December 31, 2012, the amount
accrued for these instruments was €2 million (compared to €2 million as
of December 31, 2011).