Airbus 2015 Annual Report Download - page 171

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 139 l
Corporate Governance
Registration Document 2015
4.
4.2 Interests of Directors and Principal ExecutiveOfficers
Date of
grants Number
Share
price at
grant date Value at grant date (Un) conditional Performance achievement
Units with
performance
achievement Dates of vesting
2014 Share
value at
vesting dates
2010 54,400 € 18.40 € 1,000,960 Conditional 136% 73,984 4 vestings in 2014-2015
3rdvesting –
6May 2015:
€ 6 2.17
4thvesting –
4November
2015: € 57.97
2011 51,400 € 21.41 € 1,100,474 Conditional 128% 65,792 4 vestings in 2015-2016
1stvesting –
6May 2015:
€ 6 2.17
2ndvesting –
4November
2015: € 57.97
2012 50,300 € 2 7. 8 3 € 1,39 9, 849 Conditional Not yet known Not yet known 4 vestings in
2016-2017 Not yet known
2013 30,300 € 4 6 .17 € 1,398,951 Conditional Not yet known Not yet known 4 vestings in
2017-2018 Not yet known
2014 29,500 € 47. 4 5 € 1,399,775 Conditional Not yet known Not yet known 2 vestings in
2018-2019 Not yet known
2015 24,862 € 56.31 € 1,39 9, 979 Conditional Not yet known Not yet known 2 vestings in
2019-2020 Not yet known
Calculations may involve rounding to the nearest unit.
Performance conditions of 2011 LTI plan
The performance conditions were determined as follows:
 if the AirbusGroup reports negative cumulated EBIT* results,
the definitive grant shall be 0%;
 50% to 150% of the allocation would be granted on a linear
basis depending on three year average EPS for the 2012, 2013
and 2014 fiscal years, with the three year average EPS target
for an allocation of 100% equal to € 1.55.
Review of achievement of performance conditions
The Board of Directors on 26February 2015 noted the achievement of the performance conditions of the 2011 plan, i.e. for the
2012, 2013 and 2014 fiscal years: The three year average EPS was € 2.10, after normalisation to align it with policies in force when
setting the target (notably IAS11).
Date of
grants Number of units
Target average
EPS for a 100%
allocation Achieved average EPS
Resulting
vesting in
percentage
Resulting
vesting in
number
For comparison, average
EPS for the last 3 reported
years at the date of grants
2010 54,400 € 0.90 € 1.5 4 136% 73,984 € 0.15 (1)
2011 51,400 € 1.55 € 2.10 128% 65,792 € 0.56(2)
(1) Average EPS of 2009, 2008 and 2007.
(2) Average EPS of 2010, 2009 and 2008.
e)Share Ownership
The CEO owned 64,521 AirbusGroup shares on 31December
2015, which represents more than 200% base salary. He
herewith respects the Group’s share ownership policy.
f) Employee Share Ownership Plan (ESOP)
In March2015, the Company has invited employees of the
Group to subscribe for a share matching plan whereby the
Company matched a certain number of directly acquired shares
with a grant of matching shares. This ratio varied depending
on the number of shares acquired at fair market value by the
employees, with a maximum discount of 50%. The total offering
was up to 2million shares of the Company, open to all qualifying
employees.
Under the umbrella of the ESOP 2015, a dedicated UK tax
advantageous Share Incentive Plan, SIP, was also be deployed
in March2015.
Although the CEO was eligible to the plan, he did not participate
to the ESOP 2015 plan favouring the development of a
shareholding among other employees of the Group.
g)Benefits
As stipulated in the Company’s Remuneration Policy the CEO’s
benefits comprise a company car and accident insurance. The
monetary value of these benefits for 2015 amounted to € 69,050.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015
Q