152
Annual Report -
2013
-
Vivendi
Information About The Company |
Corporate Governance
| Reports
3
Performance Shares
3.4.
Performance Shares
In 2013, performance share award plans consisted of 2.782 million
shares, or 0.21% of the share capital, before adjustment. Awards of
performance shares to members of the Management Board are shown
in the table below.
3.4.1.
Performance Shares Awarded to Members of the Management Board in 2013:
Plan 2013-12 of February 22, 2013 and Plan 2013-12 of December 11, 2013
(AMF Recommendations, Table 6)
Adjusted number of rights
to shares awarded
during the fiscal year
Value of rights under
the method used for
Consolidated Financial
Statements
(in euros)
(a)
Vesting date
of the rights
Date of
availability
of the shares
Performance
conditions
Jean-François Dubos
106,384
1,254,267
02/23/15
02/24/17
Yes
70,000
1,003,100
12/14/15
12/15/17
Yes
Philippe Capron
(b)
63,831
752,567
02/23/15
02/24/17
Yes
Total
(c) 240,215
3,009,934
(a)
The retained value of the unit right, under IFRS standards, was €11.79 for the February 2013 award. It was €14.33 for the December 2013 award.
(b)
Due to his resignation, Mr. Philippe Capron lost all performance share rights awarded to him in 2013.
(c)
8.63% of awards approved in 2013 and 0.02% of share capital.
The final vesting of performance shares awarded in 2013 will be
reviewed in 2015, in accordance with the provisions of the Plan
Regulations, and will not be available until 2017.
3.4.2.
History of Performance Shares Awarded (AMF Recommendations, Table 9)
2013
(adjusted)
2012
(adjusted)
2011
(adjusted)
2010
(adjusted)
2009
(adjusted)
Date of the Shareholders’ Meeting approving the share award
AGM of
04/21/11
AGM of
04/21/11
AGM of
04/24/08
AGM of
04/24/08
AGM of
04/24/08
Date of the Supervisory Board meeting
02/22/13
02/29/12
02/28/11
02/25/10
02/26/09
Award date
02/22/13
04/17/12
04/13/11
04/15/10
04/16/09
Maximum number of shares that may be awarded pursuant to
authorization by the Shareholders’ Meeting
13,239,624 12,472,630 6,186,685 6,144,297 5,851,030
Maximum number of shares that may be awarded during the year based
on awards already made
4,369,075 4,115,968 4,514,175 5,572,960 5,850,030
Total number of shares awarded
3,068,033 1,915,977 1,679,200 1,084,172
567,001
Number of rights canceled due to the departure of beneficiaries
102,378
35,289
31,890
13,223
6,602
Adjusted Number of Shares Awarded to Members
of the Management Board:
Jean-François Dubos, Chairman
(a)
176,384
(c)
63,847
n/a
n/a
n/a
Philippe Capron
(b)
63,831
(d)
28,996
28,000
14,336
14,342
Vesting date
02/23/15
04/18/14
04/15/13
04/16/12
04/18/11
Date of availability
02/24/17
04/19/16
04/16/15
04/17/14
04/19/13
n/a: not applicable.
(a)
Includes 70,000 performance shares awarded on December 11, 2013, vesting as of December 15, 2017.
(b)
Following his resignation, Mr. Philippe Capron lost the right to this award.
(c)
Given the satisfaction at 88% of the performance criteria attached to this plan, the final award in 2014 is 56,186 performance shares.
(d)
Given the satisfaction at 88% of the performance criteria attached to this plan, the final award in 2014 is 25,517 performance shares.
