Loreal 2011 Annual Report Download - page 218

216 REGISTRATION DOCUMENT − L’ORÉAL 2011
7Stock market information andsharecapital
Shareholder structure
7.3.8.3. Currently existing L’Oréal parent company share purchase or subscription options(1)
The main features of the plans that existed at December31st, 2011 are included in the tables set out hereafter:
AGM authorisation date 06.01.1999 06.01.1999 05.22.2003 05.22.2003 05.22.2003 05.22.2003 05.22.2003
Date of Board of Directors’ meeting 03.26.2002 09.04.2002 12.03.2003(2) 03.24.2004 12.01.2004 06.29.2005 11.30.2005(4)
Total number of beneficiaries 410 394 693 257 274 3 771
Total number of shares that may be
subscribed or purchased, 2,500,000 2,500,000 5,000,000 2,000,000 4,000,000 400,000 6,000,000
Of which may be subscribed
or purchased by the corporate
officers
(3)
- Sir Lindsay Owen-Jones
- Mr . Jean-Paul Agon
0 0 1,000,000 0 1,000,000 0 1,000,000
Start date for exercise of the options 03.27.2007 09.05.2007 12.04.2008 03.25.2009 12.02.2009 06.30.2010 12.01.2010
Date of expiry 03.26.2012 09.04.2012 12.03.2013 03.24.2014 12.01.2014 06.29.2015 11.30.2015
Subscription or purchase price
(in euros) 81.65(A) 76.88(A) 63.02(S) 71.90 (A) 64.69(S) 55.54(S) 60.17(S) 61.37(S) 62.94 (A)
Number of stock options exercised
at 12.31.2011 873,950 1,093,000 1,444,850 1,081,807 1,785,390 0 1,849,921
Of which shares subscribed 0 0 868,350 1,081,807 1,785,390 0 1,316,075
Total number of options for
subscription or purchase of shares
that have been cancelled or lapsed 370,500 293,000 606,500 144,500 171,000 0 280,500
Number of option shares remaining
to be subscribed or purchased at
year-end 1,255,550 1,114,000 2,948,650 773,693 2,043,610 400,000 3,869,579
AGM authorisation date 04.25.2006 04 .25.2006 04.24.2007 04.24.2007 04.16.2009 04.22.2011
Date of Board of Directors’ meeting 04.25.2006 12.01.2006 11.30.2007 03.25.2009 04.27.2010 04.22.2011
Total number of beneficiaries 1 788 839 634 815 89
Total number of shares that may be
subscribed or purchased 2,000,000 5,500,000 4,000,000 3,650,000 4,200,000 1,470,000
Of which may be subscribed or
purchased by the corporate officers
(3)
- Sir Lindsay Owen-Jones
- M r. Jean-Paul Agon 2,000,000 500,000 350,000 0 400,000 200,00 0
(5)
Start date for exercise of the options 04.26.2011 12.02.2011 12.01.2012 03.26.2014 04.28.2015 04.23.2016
Date of expiry 04.25.2016 12.01.2016 11.30.2017 03.25.2019 04.27.2020 04.22.2021
Subscription or purchase price (in euros) 72.60(S) 78.06(S) 91.66(S) 50.11(S) 80.03(S) 83.19(S)
Number of stock options exercised
at 12.31.2011 0 183,000 0 0 0 0
Of which shares subscribed 0 183,000 0 0 0 0
Total number of options for subscription
or purchase of shares that have been
cancelled or lapsed 0 271,250 175,900 59,500 11,000 0
Number of option shares remaining to be
subscribed or purchased at year-end 2,000,000 5,045,750 3,824,100 3,590,500 4,189,000 1,470,000
(1) There are no share purchase or subscription option plans at subsidiaries of L’Oréal.
(2) The stock option plan of December3rd, 2003 is divided into two halves: a share subscription option offer at a price of €63.02 (S) and a share purchase
option offer at a price of €71.90 (A). Each beneficiary received an offer comprising share subscription and purchase options, in equal parts.
(3) This is the number of stock options granted to the corporate officers during their terms of office within the scope of each of the above-mentioned plans.
Mr.Jean-Paul Agon has been a corporate officer since April2006.
(4) The stock option plan of November30th, 2005 is composed, for 70%, of a share subscription option offer at a price of €61.37 (S) and for 30%, of a share
purchase option offer at a price of €62.94 (A). Each beneficiary received an offer comprising share subscription and purchase options, in the above
proportions. There were no fractional share rights.
These grants of stock options do not have any impact in terms of dilution, inasmuch as the Board of Directors authorised the Company to buy back its
own shares to cancel them.
(5) The Board of Directors’ meeting of April22nd, 2011 allocated 400,000share subscription options to Mr.Jean-Paul Agon. Mr.Agon waived the right to 200,000
of such options. He therefore benefits from 200,000 stock options under the Plan decided by the Board of Directors at its meeting on April22nd, 2011.
Outstanding options granted by the Board of Directors within
the scope of the authorisations voted by the Annual General
Meetings and not yet exercised were 32,524,432options at
December31st, 2011, at an average price of €72.02, namely 5.39%
of the shares making up the share capital at such date.