Chrysler 2009 Annual Report Download - page 341

FIAT S.P.A.
STATUTORY
FINANCIAL
STATEMENTS AT
31 DECEMBER
2009
NOTES
340
STOCK OPTIONS GRANTED TO MEMBERS OF THE BOARD OF DIRECTORS, GENERAL MANAGERS AND EXECUTIVES
WITH STRATEGIC RESPONSIBILITIES (ARTICLE 78 OF CONSOB REGULATION 11971/99)
Options
Options held at the Options granted Options exercised expired in Options held
Grantee beginning of the year during the year during the year the year at the end of the year
Average
Office held Average Exercise Average Exercise Average market Average Exercise
at the date of Number exercise period Number exercise period Number exercise price at the Number Number exercise period
Name the grant of options price (mm/yy) of options price (mm/yy) of options price exercise date of options of options price (mm/yy)
Stock options
on Fiat shares
01/05-
Paolo Fresco Chairman 500,000 12.699 01/10 500,000 12.699 01/05-01/10
Sergio Chief Executive 01/11-
Marchionne Officer 20,670,000 9.867 01/16 (1)(2) (1,250,000) (7) 19,420,000 9.640 01/11-11/16
Executives with
strategic 02/01- 09/03-
responsibilities 2,799,000 13.517 11/14 (3) 72,000 13.15 11/14 (6) (766,000) (7) 2,105,000 13.278 05/06-11/14
Stock options
on Ferrari shares
Luca Cordero 10/04-
di Montezemolo - 80,000 175 12/10 (4) 80,000 175 10/04-12/10
Stock options
on CNH shares (5)
Executives with
strategic 12/01- 01/09-
responsibilities - 172,279 56.011 01/14 85,518 13.58 01/15 (2,858) 21.20 24.40 (105,000) 149,939 23.481 01/15
(1) The vesting of one-third of the 2004 stock option grant was subject to the achievement of predetermined profit targets which were met in 2008, making the entire 2004 grant of 10,670,000 stock
options fully vested in 2008. At the March 2009 Annual General Meeting, Shareholders approved extension of the exercise period, beginning 1 January 2011 and expiring 1 January 2016.
(2) The vesting of one-half, or 5,000,000 stock options of the 2006 stock option grant is subject to the achievement of predetermined profit targets. The exercise period begins with the approval of
the 2010 Financial Statements and terminates in November 2014.
(3) Vesting of the options partially subject to achievement of predetermined profit targets.
(4) Options exercisable upon placement of Ferrari S.p.A. shares on the stock market.
(5) Prices expressed in US dollars.
(6) Grants reflect the past grants of the new executives with strategic responsibilities, net of those executives who left during 2009.
(7) Options expired comprises expired options and options forfeited during the period.