LensCrafters 2010 Annual Report Download - page 185
Download and view the complete annual report
Please find page 185 of the 2010 LensCrafters annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
 |
 |
|183 >
NOTES TO THE
CONSOLIDATED
FINANCIAL
STATEMENTS
Options Strike Price Market Price Notes
Options forfeited in 2010
2001 Plan 4,500 US$ 15.20 Euro 19.97 (3)
2002 Plan 19,000 US$ 17.80 Euro 19.97 (3)
2003 Plan 15,000 Euro 10.51 Euro 19.97 (3)
2004 Plan 18,000 Euro 16.89 Euro 19.97 (3)
2006 Plan 30,000 Euro 22.19 Euro 19.97 (3)
2007 Plan 35,000 Euro 24.05 Euro 19.97 (3)
2008 Plan 222,500 Euro 18.08 Euro 19.97 (3)
2009 Plan: reassignment of the 2006 and 2007 ordinary plan – Non US 26,000 Euro 13.45 Euro 19.97 (3)
2009 Plan: reassignment of the 2006 and 2007 ordinary plan – US 83,000 Euro 14.99 Euro 19.97 (3)
2009 Plan: reassignment of the 2006 performance plan to non–US
beneficiaries 130,000 Euro 13.45 Euro 19.97 (3)
2009 Plan: reassignment of the 2006 performance plan to US
beneficiaries 95,000 Euro 15.03 Euro 19.97 (3)
2010 Plan Non US 26,000 Euro 20.72 Euro 19.97 (3)
2010 Plan US 43,500 Euro 21.23 Euro 19.97 (3)
Options granted and exercisable as of December 31, 2010
2002 Plan 101,900 US$ 17.80 Euro 22.87 (4)
2003 Plan 496,200 Euro 10.51 Euro 22.87 (4)
2004 Plan 839,723 Euro 13.79 Euro 22.87 (4)
2004 Performance Plan 140,000 US$ 18.59 Euro 22.87 (4)
2005 Plan 895,500 Euro 16.89 Euro 22.87 (4)
2006 Plan 140,000 Euro 22.19 Euro 22.87 (4)
2007 Plan 85,000 Euro 24.05 Euro 22.87 (4)
N.B. Prices are reported in Euro. The strike price of the 2001 Plan, as well as the 2001 Performance Plan, the 2002 Plan and the 2004 Performance Plan are reported in US$, as determined
by the Board of Directors.
(1) Offi cial price on the MTA as of January 4, 2010 – Euro 18.34.
(2) Offi cial price on the MTA as of April, 29, 2010, date of grant, equal to Euro 21.17.
(3) Average price on the MTA in 2010 – Euro 19.97.
(4) Offi cial price on the MTA as of December 30, 2010 – Euro 22.87.
32. DIVIDENDS
During 2010, the Company distributed an aggregate dividend to its stockholders of Euro 160.6 million equal to Euro 0.35
per share. Dividend distributed to non–controlling interests totals Euro 9.2 million.
33. SUBSEQUENT EVENTS
For further details on events occurred after December 31, 2010, refer to the Note 16 in the Management Report.
* * *
Milan, February 28, 2011
On behalf of the Board of Directors
Andrea Guerra
The CEO