154
Annual Report -
2013
-
Vivendi
Information About The Company |
Corporate Governance
| Reports
3
Performance Shares
3.4.6.
Largest Awards of Performance Shares and Exercise of Options in 2013, excluding Corporate
Directors (AMF Recommendations, Table 9)
The ten largest awards to beneficiaries other than corporate directors
totaled 517,742 performance shares, representing 18.6% of the total
number of performance shares awarded in 2013 and 0.038% of the
share capital as of December 31, 2013. The ten largest exercises of
stock options, other than by corporate directors, consisted of a total of
506,724 stock options at an average weighted price of €12.18.
3.4.7.
Award of Stock Options to Members of the Management Board
Since 2013, the Company has awarded no additional stock options.
Up to 2012, the exercise price of the stock options was set without
discount at the average price over the 20 stock exchange trading days
prior to the award date. Each year, awards were authorized at the same
time to prevent windfall effects and before release of the dividend.
Since his appointment as Chairman of the Management Board,
Mr. Jean-François Dubos has received no award of stock options.
Because of his previous position with the Company, he received an
award of 109,920 stock options (adjusted number) under the April 2012
plan.
History of Allocations of Stock Options to Members of the Management Board in 2013 (AMF Recommendations, Table 8)
2013
2012
2011
2010
2009
2008
Date of the Shareholders’ Meeting approving option grant
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
AGM of
04/28/05
Date of the Supervisory Board meeting
-
02/29/12 02/28/11 02/25/10 02/26/09 02/28/08
Award date
-
04/17/12 04/13/11 04/15/10 04/16/09 04/16/08
Maximum number of options that may be awarded pursuant
to authorization by the Shareholders’ Meeting
- 12,472,630 30,933,427 30,721,487 29,255,150 29,129,168
Maximum number of options that may be awarded
during the year, including options already awarded
-
4,115,968 10,269,897 10,199,533 9,712,710 9,670,883
Total number of options awarded in April
-
2,513,884 2,526,700 5,297,200 6,561,120 6,303,200
Total number of options awarded in September
-
135,000
-
-
-
-
Number of options cancelled due to the departure of beneficiaries
-
39,122
24,000
39,641
78,000 120,000
Annual remaining available balance of options that may
be awarded at the end of the fiscal year
-
1,717,010 4,076,554 4,914,649 3,598,085 9,700,434
Number of Adjusted Options Awarded to Members
of the Management Board
Jean-François Dubos – Chairman
-
(a)
109,920
n/a
n/a
n/a
n/a
Philippe Capron
-
(b)
98,170 100,000 172,046 172,031 172,050
Adjusted exercise price per stock option
(in euros)
-
12.40
18.13
16.67
16.94
21.26
Expiration date
- 04/17/2022 04/13/2021 04/15/2020 04/16/2019 04/16/2018
n/a: not applicable.
(a)
Given satisfaction at 88% of the performance criteria attached to this plan, the final award in 2014 consisted of 96,730 stock options.
(b)
Mr. Philippe Capron lost the right to this award upon his resignation.
