Airbus 2015 Annual Report Download - page 174

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 142 l
Corporate Governance
4.3 Employee Profit Sharing andIncentivePlans
The following table summarises the main terms of the ESOPs conducted over the last three years:
Year Price per share Nominal value per share Number of shares issued Date of issuance
2013 € 42.02(1)/ € 44.20(2) € 1 2,113,245 29July 2013
2014 (3)
2015
€ 49.70(1)/
€ 51.6 3(2) /
€ 65.59(4) € 1
€ 1 1,436,901
102,113 21April 2015 November2015
(1) Shares purchased within context of Group employee savings plan.
(2) Shares purchased directly.
(3) July2014 the Board of Directors decided to cancel the ESOP scheme for 2014 due to volatility of the share price and the financial situation.
(4) Under the umbrella of the ESOP 2015, a dedicated UK tax advantageous Share Incentive Plan, SIP, was also be deployed.
Future ESOP
The Company intends to implement an ESOP in 2016, subject to
approval by the Board of Directors. The 2016 ESOP is expected
to be a share matching plan whereby a certain number of
directly acquired shares would be matched by the Company as
matching shares. The total offering would be up to approximately
2million shares of the Company, i.e. up to 0.25% of its issued
share capital, open to all qualifying employees (including the
CEO). A dedicated UK tax advantageous (Share Incentive Plan –
SIP) would also be deployed in March2016, under the umbrella
of the ESOP 2016.
Non-Executive Members of the Board are not eligible to
participate in future ESOP.
4.3.3 Long-Term Incentive Plans
Based on the authorisation granted to it by the Shareholders’
Meetings (see dates below), the Board of Directors approved
Stock Option Plans in 2004, 2005 and 2006. In 2009, 2010,
2011, 2012, 2013, 2014 and 2015, the Board of Directors
approved the granting of Performance Units and Restricted
Units in the Company. The grant of so-called “units” will not
physically be settled in shares but represents a cash settled
plan in accordance with IFRS2.
The principal characteristics of these options as well as
Performance and Restricted Units as of 31December 2015
are set out in the “Notes to the IFRS Consolidated Financial
Statements — Note30: Share-based payment”. They are also
summarised in the tables below:
Eighth tranche
Date of Shareholders’ Meeting 4May 2006
Date of Board of Directors meeting (grant date) 18December 2006
Stock Option Plan
Number of options granted 1,747, 50 0
Number of options outstanding(1) 264,500
Options granted to:
 Mr.Thomas Enders 67, 50 0
 Mr.Louis Gallois 67, 50 0
 the 10employees having being granted
thehighest number of options during
theyear2006 (eighthtranche) 425,000
Total number of eligible beneficiaries 221
Date from which the options may be exercised
50% of options may be exercised after a period of two years from the date of grant of
theoptions; 50% of options may be exercised as of the third anniversary of the date of grant
of the options (subject to specific provisions contained in the Insider Trading Rules – see
“—General description of the company and its share capital – 3.1.11 Disclosure of holdings”)
Date of expiration 16December 2016
Conversion right One option for one share
Vested 100%
Exercise price € 25.65
Exercise price conditions 110% of fair market value of the shares at the date of grant
Number of exercised options 1,276,500
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015