Chrysler 2003 Annual Report Download - page 189
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188 Fiat S.p.A. Financial Statements at December 31, 2003
Notes to the Financial Statements
Stock Options granted to Directors and Chief Operating Officers (Article 78 of Consob Resolution No. 11971/99)
Options
Options held at the Options granted Options exercised expired Options held
Grantee beginning of the year during the year during the year in the year at the end of the year
Average
Office held Number Average Exercise Number Average Exercise Number Average market Number Number Average Exercise
First and at the date of of exercise period of exercise period of exercise price at of of exercise period
last name the grant options price (mm/yy) options price (mm/yy) options price
exercise date
options options price (mm/yy)
Paolo Chairman
Fresco 2,250,000 20.614 7/01-1/10 2,250,000 20.614 7/01-1/10
Alessandro Chief Operating Officer
Barberis 150,000 12.96 6/03-6/10 150,000(*)
Gabriele Chief Executive Officer
Galateri 400,000 12.96 6/03-6/10 400,000(*)
Giuseppe Chief Executive Officer
Morchio 13,338,076 5.623
3/04-3/10(**)
13,338,076 5.623 3/04-3/10
(*) Options expired upon termination of office.
(**) The options are partially exercisable only upon satisfaction of the profitability targets, whose amount and reference period are defined in advance. The options are exercisable in annual
installments of no more than 20% for the first five years.
Turin, March 26, 2004
The Board of Directors
By:
Umberto Agnelli
Chairman