Chrysler 2012 Annual Report Download - page 287

Notes
286 Fiat S.p.A.
Statutory
Financial
Statements
at 31 December
2012
At 31 December 2012, the principal contractual elements of the Plan were as follows:
Plan Beneficiary Number of shares Vesting date Vesting portion
Retention LTI Chief Executive Officer 7,000,000 22 February 2013
22 February 2014
22 February 2015
2,333,333
2,333,333
2,333,333
Changes in the Retention LTI during 2012 were as follows:
2012
No. of shares
Average fair value
at grant date
(€)
Outstanding shares unvested at beginning of year -
Granted 7,000,000 4.205
Forfeited -
Vested -
Outstanding shares unvested at end of year 7,000,000 4.205
In 2012, a nominal cost of approximately €9 million was recognized in relation to this plan.
Availability for use of main components of equity
(€ thousand)
31 December
2012
Possible
use
Amount
available
Share capital 4,476,442 - -
Reserves:
- Share premium reserve 1,071,403 A, B, C (*) 1,071,403
- Legal reserve 528,577 B -
- Reserve available for the purchase of own shares 941,043 A, B, C 941,043
- Reserve for own shares 258,957 - -
- Retained profit 1,910,973 A, B, C 1,910,973
- Reserve under law 413/1991 22,591 A, B, C 22,591
- Extraordinary reserve 28,044 A, B, C 28,044
- Reserve for Spin-off difference 39,194 A, B, C 39,194
Key:
A: capital increase
B: coverage of losses
C: dividend
(*) Fully available to increase capital and cover losses. Any other use requires increase of the legal reserve to 20% of share capital (including through transfer from the share premium
reserve). At 31 December 2012, the required increase would have been €366,711 thousand.