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REGISTRATION DOCUMENT 2015
Corporate Governance
6.3 Compensation and benefits of corporate officers and governance bodies
283
Former stock-option plans granted to the corporate officers
History of stock-option grants to the corporate officers
Stock-option plans in force
Shareholders' Meeting authorizing
the options
4/22/2005
4/26/2007
Stock-options authorized by the
Shareholders' Meeting
6,000,000
(b)
6,000,000
(b)
Of which stock-options not granted
1,497,900
(c)
476,942
(c)
Board of Directors' meeting
authorizing the stock-options
4/27/2006
4/26/2007
4/29/2008
4/23/09
(d)
Stock-options granted
(a)
2,045,853
2,633,517
2,762,403
2,704,611
Stock-option characteristics
First exercise date
4/27/2010
4/26/2011
4/29/2011
4/23/2013
Expiry date
4/26/2014
4/25/2015
4/28/2016
4/22/2017
Exercise price
46.92
57.54
53.90
34.85
Options granted to the corporate officers
Franck RIBOUD
Number of options
212,000
424,000
212,000
164,300
Value of options granted
(e)
2,088,000
5,846,000
3,142,000
1,573,250
Emmanuel FABER
Number of options
56,180
56,180
106,000
82,150
Value of options granted
(e)
553,320
774,595
1,571,000
786,625
(a) The number of stock-options granted was adjusted to reflect the June 25, 2009 capital increase.
(b) The number of authorized stock-options was not adjusted to reflect the June 25, 2009 capital increase.
(c) The number of stock-options not granted was not adjusted to reflect the June 25, 2009 capital increase.
(d) Date of last grant of stock-options to corporate officers.
(e) Represents the full fair value estimated as of the grant date in accordance with IFRS 2 before the adjustment to reflect the June 25, 2009 capital increase. See
Note 7.4 of the Notes to the Consolidated financial statements.
Thus, as of December 31, 2015, the total number of void or canceled options represented 1,716,168 options out of a total 13,059,050 options
granted.
Stock-options exercised by the corporate officers
Stock-options exercised in fiscal year 2015 by Messrs. Franck RIBOUD and Emmanuel FABER (with respect to grants made prior to the closing
of the stock-option program in 2009) (information required by the French Financial Markets Authority recommendation related to disclosures
in registration documents on the compensation of corporate officers – Table 5 of the French Financial Markets Authority nomenclature).
Year ended December 31, 2015
Date of Board of
Directors' meeting
granting the options
Exercise date
Number of options
exercised
Average exercise price
(in €)
Franck RIBOUD
4/26/2007
2/25/2015
424,000
57.54
4/29/2008
11/18/2015
212,000
53.90
4/23/2009
11/23/2015
164,300
34.85
Emmanuel FABER
4/26/2007
3/25/2015
1,185
57.54
4/26/2007
3/25/2015
54,995
57.54