LensCrafters 2015 Annual Report Download - page 158

Notes to the consolidated financial statement as of December 31, 2015 Page 64 di 68
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 1,988,300
2005 Ordinary Plan 1,512,000 1,332,000
2006 Ordinary Plan(*) 1,725,000 70,000
2007 Ordinary Plan(*) 1,745,000 15,000
2008 Ordinary Plan 2,020,500 1,582,300
2009 Ordinary Plan 1,050,000 743,250
2009 Ordinary Plan: reassignment of options granted under the 2006 and 2007 Ordinary Plans to
non-US beneficiaries 2,060,000
1,772 ,000
2009 Ordinary Plan: reassignment of options granted under the 2006 and 2007 Ordinary Plans to US
beneficiaries
825,000 599,500
2002 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 1,100,000
2009 Performance Plan: reassignment of options granted under the 2006 performance plans to non- US
domiciled beneficiaries 4,250,000
3,850,000
2009 Performance Plan: reassignment of options granted under the 2006 performance plans to US
domiciled beneficiaries 1,450,000
1,300,000
2010 Ordinary Plan 1,924,500 1,422,000
2011 Ordinary Plan 2,039,000 1,469,500
2012 Ordinary Plan 2,076,500
1,196,250
Total 55,909,800 33,153,333
(*) The plan was reassigned in 2009.
On April 29, 2013, a Performance Shares Plan for senior managers within the Company as identified by the Board (the “2013
PSP”) was adopted. The beneficiaries of the 2013 PSP are granted the right to receive ordinary shares, without consideration, if
certain financial targets set by the Board are achieved over a specified three-year period.
On the same date, the Board granted certain of the Group’s key employees 1,067,900 rights to receive ordinary shares, which
may be increased by 20% up to a maximum of 1,281,480 units if certain consolidated cumulative earnings per share targets are
achieved over the three-year period from 2013 through 2015. On December 31, 2015 the consolidated cumulative earnings per
share targets were achieved. As of December 31, 2015, 214,800 of the maximum units granted had been forfeited.
On April 29, 2014, the Board granted certain of the Group’s key employees 1,004,400 rights to receive ordinary shares, which
may be increased by 20% up to a maximum of 1,205,280 units if certain consolidated cumulative earnings per share targets are
achieved over the three-year period from 2014 through 2016. Management expects that the target will be met. As of
December 31, 2015, 126,720 of the maximum units granted had been forfeited.
On May 4, 2015, the Board of Directors granted certain of the Group’s key employees 1,318,300 rights to receive ordinary
shares, which may be increased by 20% up to a maximum of 1,581,960 units if certain consolidated cumulative earnings per
share targets are achieved over the three-year period from 2015 through 2017. Management expects that the target will be met.
As of December 31, 2015, 131,880 of the maximum units granted had been forfeited.