Chrysler 2005 Annual Report Download - page 122

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Fiat Group Consolidated Financial Statements at December 31, 2005 - N otes to the Consolidated Financial Statements
Contractual terms of the plan are as follows:
Strike price N o of options
Plan Grant date Expiry date (euros) vested Vesting date Vesting portion
Stock O ptions July 26, 2004 January 1, 2011 6.583 10,670,000 June 1, 2005 22.2%
July 2004 June 1, 2006 22.2%
June 1, 2007 22.2%
June 1, 2008 33.4%* (target profitability)
A summary of outstanding stock options at D ecember 31, 2005 is as follows:
Managers compensation Compensation as member of the Board
O ptions Average remaining O ptions Average remaining
outstanding at contractual life outstanding at contractual life
Exercise price (in euros) D ecember 31, 2005 (in years) December 31, 2005 (in years)
6.583 – – 10,670,000 5
10.397 3,046,500 4.8 – –
12.699 – – 1,000,000 4
16.526 2,299,000 3.8 – –
23.708 – – 1,000,000 2.8
24.853 300,000 3.2 – –
25.459 – – 250,000 2.6
26.120 316,000 1.3 – –
28.122 1,788,000 2.2 – –
Total at December 31, 2005 7,749,500 12,920,000
Changes during the year are as follows:
Managers compensation Compensation as member of the Board
Average exercise Average exercise
N umber of shares price (in euros) N umber of shares price (in euros)
O utstanding at the beginning of the year 10,502,543 16.38 15,587,615 8.21
Granted during the year – – – –
Forfeited during the year – – – –
Exercised during the year – – – –
Expired during the year (2,753,043) – (2,667,615) –
O utstanding at December 31, 2005 7,749,500 17.51 12,920,000 8.75
Exercisable at December 31, 2005 6,987,875 18.28 2,250,000 19.01