LensCrafters 2015 Annual Report Download - page 159

Notes to the consolidated financial statement as of December 31, 2015 Page 65 di 68
On May 4, 2015 the Board of Directors of Luxottica Group S.p.A. approved the grant of free treasury shares to the Group’s
employees in Italy in honor of the 80th birthday of the Group’s Chairman and Founder, Mr. Leonardo Del Vecchio. The
transaction which was finalized on October 12, 2015 involved an aggregate of 119,755 Luxottica treasury shares. The gift was
accounted for as a share-based payment under IFRS 2 based on which the Group recorded a total expense of Euro 7.4 million.
The information required by IFRS 2 on stock option plans is reported below. The fair value of the stock option grant was
estimated on the grant date using the binomial model. The PSP fair value was calculated based on the following weighted
average assumptions:
(in Euro) PSP 2015
Share price at the grant date (in Euro) 60.02
Expected option life 3 years
Dividend yield 1.39%
The fair value of the units granted under the 2015 PSP was Euro 57.57 per unit.Movements reported in the various stock option
and performance share plans in 2015 are reported below:
Exercise
price
Currency
No. of options
outstanding as of
December 31, 2014
Granted
options
Forfeited
options
Exercised
options/vested
units
Expired
options
No. of options
outstanding as of
December 31, 2015
2007 Ordinary Plan 24.03 Euro 5,000 - - - - 5,000
2008 Ordinary Plan 18.08 Euro 119,200 - - (32,500) - 86,700
2009 Ordinary plan for
citizens not resident in the
U.S.
13.45
Euro 36,000 - - (6,000) - 30,000
2009 Ordinary plan for
citizens resident in the U.S. 14.99
Euro 45,750 - - (29,000) - 16,750
2009 Plan—reassignment of
2006/2007 plans for citizens
not resident in the U.S.
13.45 Euro 152,000 - - (84,000) - 68,000
2009 Plan—reassignment of
2006/2007 plans for citizens
resident in the U.S.
15.03 Euro 50,500 - - (10,000) - 40,500
2009 Plan—reassignment of
STR 2006 plans for citizens
not resident in the U.S.
13.45 Euro 550,000 - - (150,000) - 400,000
2009 Plan—reassignment of
STR 2006 plans for citizens
resident in the U.S.
15.11 Euro 50,000 - - - - 50,000
2010 Ordinary Plan—for
citizens not resident in the
U.S.
20.72
Euro 194,000 - (11,000) (68,000) - 115,000
2010 Ordinary Plan—for
citizens resident in the U.S. 21.23
Euro 114,500 - - (81,500) - 33,000
2011 Ordinary Plan—for
citizens not resident in the
U.S.
22.62 Euro 339,500 - (13,000) (191,500) - 135,000
2011 Ordinary Plan—for
citizens resident in the U.S.
23.18 Euro 217,000 - - (133,000) - 84,000
2012 Ordinary Plan—for
citizens not resident in the
U.S.
26.94 Euro 1,318,000 - (43,500) (835,500) - 439,000
2012 Ordinary Plan—for
citizens resident in the U.S 28.32
Euro 530,000 - (10,500) (360,750) - 158,750
PSP 2012 — Euro 610,800 (112,022) (498,778) - -
PSP 2013 — Euro 1,154,220 - (87,540) - - 1,066,680
PSP 2014 — Euro 1,160,700 - (77,520) - - 1,083,180
PSP 2015 (ordinary) — Euro - 893,160 (44,280) - - 848,880
PSP 2015 (extraordinary) — Euro - 688,800 (87.600) - - 601,200
Total 6,647,170 1,581,960 (486,962) (2,480,528)
-
5,261,640