347
Annual Report -
2013
-
Vivendi
4
Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements |
Statutory Financial Statements
Note 14. Stock Option Plans and Performance Share Plans
Note 14.
Stock Option Plans and Performance Share Plans
The main features of the plans granted during the current and prior fiscal
years are as follows (please refer to CRC Regulation no. 2008-15 on
stock purchase and subscription option plans and performance share
plans granted to employees):
14.1
Stock subscription option plans
Grant date
Number of options granted
Option
exercise
start date Expiry date
(a) (b)
Exercise
price
in euros after
adjustment
Value of
shares for the
calculation
of the social
contribution
Number of options
Total number of
of which granted
to members of
governing bodies
(a) (b)
exercised
in 2013
(a)
(b)
cancelled
in 2013
(a) (b)
outstanding
at December
31, 2013
beneficiaries options
Number of
beneficiaries
Number
of options
04/17/12
549 2,513,884
10 903,625 04/18/15 04/17/22
12.40
0.96
-
72,824
2,647,146
07/16/12
1
1,600
-
-
07/17/15 07/16/22
13.50
2.09
-
-
1,702
09/27/12
4 135,000
4 135,000 09/28/15 09/27/22
14.64
1.93
-
-
143,578
Total
72,824
2,792,426
(a)
Adjustment following the grant of one bonus share per thirty shares held in 2012.
(b)
Adjustment following the payment in 2013 of dividends on reserves.
The definitive grant of stock options for plans granted in 2012 will be
effective upon the satisfaction of the following performance conditions:
an internal indicator (70%) determined by an EBITA margin rate,
which will be measured as of December 31, 2013 on a cumulative
basis including the 2012 and 2013 fiscal years; and external indicators
(30%) determined by the performance of Vivendi shares between
January 1, 2012 and December 31, 2013, as compared to two stock
indices: Europe Stoxx 600 Telecommunications (70%) and the value of a
portfolio of Media stock (30%).
The definitive grant of stock options for 2012 will be effective upon
achievement of the performance conditions, as assessed at the end of
a 2-year acquisition period: 100% of the option granted will vest if the
weighted total of the three indicators reaches or exceeds 100%; 50%
of the option granted will vest if the weighted total of the indicators
reaches the applicable value thresholds; and no options will vest if the
weighted total of the three indicators is lower than the applicable value
thresholds.
