LensCrafters 2012 Annual Report Download - page 260

ANNUAL REPORT 2012> 174 |
In total, the Board of Directors approved the following stock option plans:
Plan Granted Exercised
1998 Ordinary Plan 3,380,400 2,716,600
1999 Ordinary Plan 3,679,200 3,036,800
2000 Ordinary Plan 2,142,200 1,852,533
2001 Ordinary Plan 2,079,300 1,849,000
2002 Ordinary Plan 2,348,400 2,059,000
2003 Ordinary Plan 2,397,300 2,199,300
2004 Ordinary Plan 2,035,500 1,967,000
2005 Ordinary Plan 1,512,000 1,107,000
2006 Ordinary Plan (*) 1,725,000 70,000
2007 Ordinary Plan (*) 1,745,000 5,000
2008 Ordinary Plan 2,020,500 1,060,530
2009 Ordinary Plan 1,050,000 417,500
2009 Ordinary Plan: reassignment of options granted under
the 2006 and 2007 ordinary plans to non-US beneficiaries 2,060,000 1,047,434
2009 Ordinary Plan: reassignment of options granted under
the 2006 and 2007 ordinary plans to US beneficiaries 825,000 428,000
2001 Performance Plan 1,170,000 -
2004 Performance Plan 1,000,000 1,000,000
2006 Performance Plan - US beneficiaries (*) 3,500,000 -
2006 Performance Plan - non-US beneficiaries (*) 9,500,000 -
2009 Performance Plan: reassignment of options granted under
the 2006 performance plans to non-US domiciled beneficiaries 4,250,000 750,000
2009 Performance Plan: reassignment of options granted under
the 2006 performance plans to US domiciled beneficiaries 1,450,000 1,162,500
2010 Ordinary Plan 1,924,500 5,000
2011 Ordinary Plan 2,039,000 5,000
2012 Ordinary Plan 2,076,500 -
Total 55,909,800 22,738,197
(*) The plan was reassigned in 2009.
On May 13, 2008, a Performance Shares Plan for senior managers within the Company
as identified by the Board of Directors of the Company (the “Board”) (the “2008 PSP”)
was adopted. The beneficiaries of the 2008 PSP are granted the right to receive ordinary
shares, without consideration, if certain financial targets set by the Board of Directors are
achieved over a specified three-year period. The 2008 PSP has a term of five years, during
which time the Board may resolve to issue different grants to the 2008 PSP’s beneficiaries.
The 2008 PSP covers a maximum of 6,500,000 ordinary shares. Each annual grant will not
exceed 2,000,000 ordinary shares.