Chrysler 2005 Annual Report Download - page 120

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Fiat Group Consolidated Financial Statements at December 31, 2005 - N otes to the Consolidated Financial Statements
Stock-based compensation
At December 31, 2005, the following stock-based compensation plans relating to managers of Fiat Group companies or members of the Board
of D irectors of Fiat S.p.A. were in place.
Stock Option plans linked to Fiat S.p.A. ordinary shares
The Board of D irectors of Fiat S.p.A. approved certain stock option plans between March 1999 and September 2002 which provide managers
of the Group with the title of D irettore and high management potential included in “management development programmes” and members of
the Board of D irectors of Fiat S.p.A. with the right to purchase a determined number of Fiat S.p.A. ordinary shares at a fixed price (strike
price).These rights may be exercised over a fixed period of time from the vesting date to the expiry date of the plan.These stock option plans
do not depend on any specific market conditions.
The contractual terms of these plans are as follows:
Strike price N umber of Vesting
Plan Recipient Grant date Expiry date (euros) options granted Vesting date portion
Stock O ptions 1999 Managers March 30, 1999 March 31, 2007 26.120 1,248,000 April 1, 2001 50%
April 1, 2002 50%
Stock O ptions 2000 Managers February 18, 2000 February 18, 2008 28.122 5,158,000 February 18, 2001 25%
February 18, 2002 25%
February 18, 2003 25%
February 18, 2004 25%
Stock O ptions Chairman of July 25, 2000 July 25, 2008 25.459 250,000 July 25, 2001 50%
July 2000 Fiat S.p.A. May 14, 2002 50%
Stock O ptions Managers February 27, 2001 February 27, 2009 24.853 785,000 February 27, 2002 25%
February 2001 February 27, 2003 25%
February 27, 2004 25%
February 27, 2005 25%
Stock O ptions Chairman of March 29, 2001 O ctober 30, 2008 23.708 1,000,000 July 1, 2002 100%
March 2001 Fiat S.p.A.
Stock O ptions Managers O ctober 31, 2001 O ctober 31, 2009 16.526 5,417,500 O ctober 31, 2002 25%
O ctober 2001 O ctober 31, 2003 25%
O ctober 31, 2004 25%
O ctober 31, 2005 25%
Stock O ptions Chairman of May 14, 2002 January 1, 2010 12.699 1,000,000 January 1, 2005 100%
May 2002 Fiat S.p.A.
Stock O ptions Managers September 12, 2002 September 12, 2010 10.397 6,100,000 September 12, 2003 25%
September 2002 September 12, 2004 25%
September 12, 2005 25%
September 12, 2006 25%
The Board of D irectors of Fiat S.p.A. approved two Stock O ption plans in O ctober and N ovember 2003 providing two managers with the
right to purchase a pre-determined number of Fiat S.p.A. ordinary shares at a fixed price.These rights may be exercised over a fixed period of
time from the vesting date to the expiry date of the plan.The right to exercise the options is subordinated to certain time limits and is
contingent upon meeting a pre-established performance.