Chrysler 2007 Annual Report Download - page 162

161Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
Based on this model, the weighted-average fair values of stock options awarded by CNH for the years ended December 31, 2007,
and 2006 were as follows:
(in USD) 2007 2006
Directors’ Plan 21.66 14.61
Equity incentive plan 12.65 5.78
The total cost recognised in the 2007 income statement for all share-based compensation linked to CNH Global N.V. ordinary
shares amounted to 14 million euros (3 million euros in 2006).
Stock Option linked to Ferrari S.p.A. ordinary shares
Under this scheme, certain employees of Ferrari S.p.A., and the Chairman and the Chief Executive Officer of the company at the
time, have the option to acquire respectively 207,200 and 184,000 Ferrari S.p.A. ordinary shares at a strike price of 175 euros per
share. Under the scheme the options may be exercised until December 31, 2010, wholly or partially, and are subject to a limited
extent to the company’s listing process. At December 31, 2007 the employees and the Chairman held respective totals of 56,900
and 80,000 stock option rights under this scheme, all of whose exercise rights are subordinated to the listing of the company.
Cash-settled share-based payments
Various entities belonging to the former joint venture with General Motors reached agreements with certain employees in 2001,
2002, 2003 and 2004 over four cash-settled share-based payment schemes entitled Stock Appreciation Rights (SAR) plans. Under
these plans, certain of the employees involved have the right to receive a payment corresponding to the increase in price between
the grant date and the exercise date of General Motors $1 2/3 shares listed in New York and Fiat S.p.A. ordinary shares listed in
Milan. The right is exercisable from the vesting date to the expiry date of the plans and is subordinated to certain conditions (
Non-
Market Conditions “NMC”
). The contractual terms of these rights are as follows:
Outstanding rights Outstanding rights
on GM $1 2/3 on Fiat S.p.A.
Vesting date shares at shares at Grant price Grant price
December 31, December 31, GM $1 2/3 Fiat S.p.A.
Plan Grant date From Until 2007 2007 (in USD) (in euros) Vesting portion
2001 February 12, 2002 March 1, 2002 February 12, 2009 45,053 113,516 49.57 15.50 100%*NMC
2002 February 12, 2002 February 12, 2003 February 12, 2010 44,580 124,340 49.57 15.50 1/3*NMC
February 12, 2004 February 12, 2010 1/3*NMC
February 12, 2005 February 12, 2010 1/3*NMC
2003 February 11, 2003 February 11, 2004 February 11, 2011 46,644 72,828 36.26 7.95 1/3*NMC
February 11, 2005 February 11, 2011 1/3*NMC
February 11, 2006 February 11, 2011 1/3*NMC
2004 February 10, 2004 February 10, 2005 February 11, 2012 40,470 87,136 49.26 6.03 1/3*NMC
February 10, 2006 February 11, 2012 1/3*NMC
February 10, 2007 February 11, 2012 1/3*NMC