Chrysler 2013 Annual Report Download - page 192

191
Consolidated
Financial Statements
at 31 December 2013
With specific reference to the options under the November 2006 Stock Option Plan, for which vesting was subject to the achievement of pre-
established profitability targets, only the first tranche of those rights had vested as the profitability targets originally established for the 3-year
period 2008-2010 were not met.
A summary of the terms of the stock option plans outstanding at 31 December 2013 is as follows:
Rights granted to managers Rights granted to the Chief Executive Officer
Exercise price (€)
Options
outstanding at
31 December 2013
Options
outstanding at
31 December 2012
Average remaining
contractual life
(years)
Options
outstanding at
31 December 2013
Options
outstanding at
31 December 2012
Average remaining
contractual life
(years)
6.583 -- - 10,670,000 10,670,000 2.0
13.370 1,240,000 1,576,875 0.8 6,250,000 6,250,000 0.8
Total 1,240,000 1,576,875 16,920,000 16,920,000
Changes during the year 2013 were as follows:
Rights granted to managers Rights granted to the Chief Executive Officer
Number of options
Average
exercise price (€) Number of options
Average
exercise price (€)
Outstanding at the beginning of the year 1,576,875 13.37 16,920,000 9.09
Granted - - - -
Forfeited - - - -
Exercised (285,000) 13.37 - -
Expired (51,875) 13.37 - -
Outstanding at 31 December 2013 1,240,000 13.37 16,920,000 9.09
Exercisable at 31 December 2013 1,240,000 13.37 16,920,000 9.09
Exercisable at 31 December 2012 1,576,875 13.37 16,920,000 9.09
As they were already fully vested at 31 December 2010, the above stock option plans did not lead to any nominal cost for 2013 and 2012.