Chrysler 2007 Annual Report Download - page 155

154 Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
Stock-based compensation
At December 31, 2007 and at December 31, 2006, the following stock-based compensation plans relating to managers of Group
companies or members of the Board of Directors of Fiat S.p.A. were in place.
Stock Option plans linked to Fiat S.p.A. ordinary shares
The Board of Directors 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
Direttore , high management potential included in “management development
programmes” and executive Directors 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.
These options may generally be exercised once a three year period has passed from the grant date and for the following six years,
consistent with tax law on the subject; nonetheless, the full amount granted as options is not exercisable until the end of the fourth
year.
The contractual terms of these plans are as follows:
Strike price Number of Vesting
Plan Recipient Grant date Expiry date (euros) options granted Vesting date portion
Stock Options 1999 (expired) Managers March 30, 1999 March 31, 2007 26.120 1,248,000 April 1, 2001 50%
April 1, 2002 50%
Stock Options 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 Options July 2000 Chairman of Fiat S.p.A. July 25, 2000 July 25, 2008 25.459 250,000 July 25, 2001 50%
May 14, 2002 50%
Stock Options February 2001 Managers February 27, 2001 February 27, 2009 24.853 785,000 February 27, 2002 25%
February 27, 2003 25%
February 27, 2004 25%
February 27, 2005 25%
Stock Options March 2001 Chairman of Fiat S.p.A. March 29, 2001 October 30, 2008 23.708 1,000,000 July 1, 2002 100%
Stock Options October 2001 Managers October 31, 2001 October 31, 2009 16.526 5,417,500 October 31, 2002 25%
October 31, 2003 25%
October 31, 2004 25%
October 31, 2005 25%
Stock Options May 2002 Chairman of Fiat S.p.A. May 14, 2002 January 1, 2010 12.699 1,000,000 January 1, 2005 100%
Stock Options September 2002 Managers September 12, 2002 September 12, 2010 10.397 6,100,000 September 12, 2003 25%
September 12, 2004 25%
September 12, 2005 25%
September 12, 2006 25%