Mercedes 2006 Annual Report Download - page 196

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180
The basic terms of the bonds and the related stock options/SARs
issued (in millions) under these plans are as follows:
The Group will not issue any common shares in connection with
the plans 1997 and 1998.
Analysis of the stock options issued is as follows:
The development of stock options not vested at the beginning
of the year 2006 is as follows:
Number of
stock options
(in millions)
Average
fair value
per share
(in €)
7.32
6.97
7.85
7.73
8.05
26.8
(18.2)
.
(0.3)
8.3
Non-vested at beginning of year
Options granted
Vested
Forfeited
Disposals
Non-vested at year-end
€65.90
€92.30
Stock options/SARs
At December 31, 2006
exercisable
outstanding
Related
stock
options
granted
Conversion
price
Stated
interest rate
3.0
3.5
3.0
3.5
7.4
8.2
5.3%
4.4%
1997
1998
Bonds granted in
79.6
(10.0)
(0.2)
(2.3)
67.1
58.8
53.92
37.06
43.81
67.61
56.00
57.75
86.5
(5.3)
(0.3)
(1.3)
79.6
52.8
52.78
34.40
41.42
60.13
53.92
60.82
71.6
18.0
(1.4)
(1.7)
86.5
40.2
55.18
43.57
40.79
65.92
52.78
65.92
2004
Average exercise
price per share
Number of
stock options
2005
Average exercise
price per share
Number of
stock options
2006
Average exercise
price per share
Number of
stock options
Balance at beginning of year
Options granted
Exercised
Forfeited
Disposals
Outstanding at year-end
Exercisable at year-end
(options in millions; per share amounts in €)