LensCrafters 2011 Annual Report Download - page 256

ANNUAL REPORT 2011> 180 |
The remaining contractual life of plans in effect on December 31, 2011 is highlighted in
the following table:
Remaining
contractual life
in years
2002 Ordinary Plan 0.92
2003 Ordinary Plan 0.08
2004 Ordinary Plan 1.09
2004 Performance Plan 0.08
2005 Ordinary Plan 2.09
2006 Ordinary Plan 3.09
2006 Performance Plan B 3.57
2007 Ordinary Plan 4.18
2008 Ordinary Plan 5.21
2009 Ordinary plan for citizens not resident in the USA 6.35
2009 Ordinary plan for citizens resident in the USA 6.35
2009 Plan – reassignment of 2006/2007 plans for citizens resident in the USA 5.25
2009 Plan – reassignment of 2006/2007 plans for citizens not resident in the USA 6.35
2009 Plan – reassignment of 2006 plans for citizens not resident in the USA 6.35
2009 Plan – reassignment of 2006 plans for citizens resident in the USA 6.45
2010 Ordinary Plan – for citizens non resident in the USA 7.33
2010 Ordinary Plan – for citizens resident in the USA 7.33
2011 Ordinary Plan – for citizens non resident in the USA 8.33
2011 Ordinary Plan – for citizens resident in the USA 8.33
With regard to the options exercised during the course of 2011, the weighted average
share price of the shares in 2011 was equal to Euro 21.53.
The Group has recorded an expense for the ordinary stock option plans of Euro 9.7 million
and Euro 8.6 million in 2011 and 2010, respectively. For the performance plans, including
the 2006 performance plans and the 2009, 2010 and 2011 PSP plans, the Group recorded
an expense of Euro 28.3 million and Euro 24.3 million in 2011 and 2010 respectively. No
expense on the 2008 PSP was recorded in 2010, 2009 and 2008, since the consolidated EPS
targets were not met.
The stock plans outstanding as of December 31, 2011 are conditional upon satisfying the
service conditions. The 2004 and 2009 performance plans as well as all the PSP plans are
conditional upon satisfying service as well as performance conditions.