Adidas 2005 Annual Report Download - page 161

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157
Consolidated Financial Statements (IFRS)
32 …
…
… Equity Compensation Benefi ts
Management Share Option Plan (MSOP) of adidas-Salomon AG
Under the share option plan adopted by the shareholders of adidas-Salomon AG on May 20,
1999, and amended by resolution of the Annual General Meeting on May 8, 2002, and on May
13, 2004, the Executive Board was authorized to issue non-transferable stock options for up to
1,373,350 no-par-value bearer shares to members of the Executive Board of adidas-Salomon
AG as well as to managing directors/senior vice presidents of its related companies and to
other executives of adidas-Salomon AG and its related companies until August 27, 2004. The
granting of stock options was able to take place in tranches not exceeding 25% of the total
volume for each fi scal year.
There is a two-year vesting period for the stock options and a term of approximately fi ve years
upon their respective issue.
The expense recognized for 2005 arising from share-based payment transactions amount to
€ 0.5 million and is recorded within the operating expenses.
Notes – Additional Information
Tranche I (1999) Tranche II (2000) Tranche III (2001) Tranche IV (2002) Tranche V (2003)
Exercise Exercise Exercise Exercise Exercise
No. Price in € No. Price in € No. Price in € No. Price in € No. Price in €
Originally issued 266,550 335,100 342,850 340,850 88,000
Outstanding as at Dec. 31, 2003 175,550 172,700 312,000 327,150 87,500
Forfeited during the period 12,050 3,600 18,650 25,350 5,000
Exercised during the period
Jan. 2004 0 41,750 81.84 41,550 86.44 0
Jul. 2004 0 56,450 64.87 94,900 72.97 0
Oct. 2004 0 46,400 42.43 76,200 54.93 48,000 99.33
Outstanding as at Dec. 31, 2004 163,450 24,250 80,700 253,800 82,500
Exercisable as at Dec. 31, 2004 163,450 24,250 80,700 253,800
Outstanding as at Dec. 31, 2004 163,450 24,250 80,700 253,800 82,500
Forfeited during the period 4,450 1,900 3,200 2,500
Exercised during the period
Jan. 2005 0 6,800 21.75 25,000 37.95 49,250 90.85
Jun. 2005 0 3,950 2.56 23,400 2.56 56,255 72.67
Oct. 2005 82,950 116.26 800 2.56 9,500 2.56 71,700 2.56 41,900 2.56
Outstanding as at Dec. 31, 2005 76,050 12,700 20,900 73,395 38,100
Exercisable as at Dec. 31, 2005 76,050 12,700 20,900 73,395 38,100
(See also note 21.)
Management Share Option Plan (MSOP)