ING Direct 2011 Annual Report Download - page 196

Notes to the consolidated annual accounts of ING Group continued
The weighted average share price at the date of exercise for options exercised during 2011 is EUR 8.09 (2010: EUR 7.46; 2009: 8.57).
Changes in option rights non-vested
Options non-vested (in numbers) Weighted average grant date fair value (in euros)
2011 2010 2009 2011 2010 2009
Opening balance 51,596,578 50,316,665 37, 8 67,732 3.08 3.52 6.03
Granted 19,434,097 14,803,109 0.00 3.26 2.52
Vested –17,389,468 –15,415,108 –11,10 0 ,6 75 3.90 4.70 6.48
Forfeited –1,788,356 –2,739,076 –2,931,533 3.05 3.26 5.67
Rights issue 11,678,032
Closing balance 32,418,754 51,596,578 50,316,665 2.65 3.08 3.52
Summary of stock options outstanding and exercisable
2011
Range of exercise price in euros
Options
outstanding
as at
31 December
2011
Weighted
average
remaining
contractual life
Weighted
average
exercise price
Options
exercisable as at
31 December
2011
Weighted
average
remaining
contractual life
Weighted
average
exercise price
0.00 – 5.00 14,723,297 6.68 2.88 0.00 0.00
5.00 – 10.00 23,647,407 6.45 7.90 5,951,950 1.18 9.46
10.00 – 15.00 7,334,880 2.32 14.29 7,334,880 2.32 14.29
15.00 – 20.00 28,639,179 4.36 17.20 28,639,179 4.36 17.20
20.00 – 25.00 21,190,454 2.48 23.56 21,190,454 2.48 23.56
25.00 – 30.00 12,603,334 4.30 25.18 12,603,334 4.30 25.18
108,138,551 75,719,797
Summary of stock options outstanding and exercisable
2010
Range of exercise price in euros
Options
outstanding
as at 31
December 2010
Weighted
average
remaining
contractual life
Weighted
average
exercise price
Options
exercisable as at
31 December
2010
Weighted
average
remaining
contractual life
Weighted
average
exercise price
0.00 – 5.00 16,3 67,971 7.71 2.88
5.00 – 10.00 25,482,740 7.45 7. 8 8 6,379,628 2.18 9.36
10.00 – 15.00 9,585,723 2.61 14.37 9,353,997 2.48 14.37
15.00 – 20.00 31,328,453 5.21 17.35 15,434,684 3.54 17. 8 8
20.00 – 25.00 22,663,374 3.58 23.60 22,663,374 3.58 23.60
25.00 – 30.00 19,408,433 3.58 25.77 19,408,433 3.58 25.77
124,836,694 73, 24 0,116
Summary of stock options outstanding and exercisable
2009
Range of exercise price in euros
Options
outstanding
as at 31
December 2009
Weighted
average
remaining
contractual life
Weighted
average
exercise price
Options
exercisable as at
31 December
2009
Weighted
average
remaining
contractual life
Weighted
average
exercise price
0.00 – 5.00 18,394,697 3.57 2.88
5.00 – 10.00 7,257,362 8.76 9.17 6,826,298 3.18 9.20
10.00 – 15.00 11,132, 430 3.51 14.20 10,802,627 3.35 14.20
15.00 – 20.00 35,095,363 6.19 17.29 17,396,930 4.50 17.77
20.00 – 25.00 28,576,153 4.02 23.38 15,861,602 1.73 22.38
25.00 – 30.00 21,878,481 4.50 25.82 21,130,364 4.40 25.83
122,334,486 72,017, 821
As at 31 December 2011, the aggregate intrinsic values of options outstanding and exercisable were EUR 39 million and nil, respectively.
As at 31 December 2011, total unrecognised compensation costs related to stock options amounted to EUR 24 million (2010: EUR 65
million; 2009: EUR 62 million). These costs are expected to be recognised over a weighted average period of 1.1 years (2010: 1.9 years;
2009: 1.6 years). Cash received from stock option exercises for the year ended 31 December 2011 was EUR 4 million (2010: EUR 3 million;
2009: nil).
194 ING Group Annual Report 2011