Food Lion 2007 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2007 Food Lion annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

Delhaize Group stock options and warrants granted to associates of non-U.S. operating companies are as follows:
Plan Effective Number of Number of Exercise Number of Exercise
Date of Grants Shares Underlying Shares Underlying Price Beneficiaries Period
Award Issued Awards Outstanding (at the moment
at December 31, 2007 of issuance)
2007 Stock option plan June 2007 185,474 184,913 EUR 71.84 619 Jan. 1, 2011-
June 7, 2014
2006 Stock option plan June 2006 216,266 213,843 EUR 49.55 601 Jan. 1, 2010 -
June 8, 2013
2005 Stock option plan June 2005 181,226 178,736 EUR 48.11 568 Jan. 1, 2009 -
June 14, 2012
2004 Stock option plan June 2004 237,906 233,663 EUR 38.74 561 Jan. 1, 2008 -
June 20, 2011
2003 Stock option plan June 2003 378,700 29,475 EUR 25.81 514 Jan. 1, 2007 -
June 24, 2010
2002 Stock option plan June 2002 158,300 94,700 EUR 54.30 425 Jan. 1, 2006 -
June 5, 2012
(1)
2001 Stock option plan June 2001 134,900 106,000 EUR 64.16 491 Jan. 1, 2005 -
June 4, 2011
(1)
2000 Warrant plan May 2000 115,000 93,300 EUR 63.10 461 June 2004 -
Dec. 2009
(1)
(1) In accordance with Belgian law, most of the beneficiaries of the stock option and/or warrant plans agreed to extend the exercise period of their stock options and/or warrants for a term of three years. The very few beneficiaries
who did not agree to extend the exercise period of their stock options and/or warants continue to be bound by the initial expiration dates of the exercise periods of the plans, i.e., June 5, 2009 (under the 2002 Stock Option Plan),
June 4, 2008 (under the 2001 Stock Option Plan) and December 2006 (under the 2000 Warrant Plan), respectively.
Activity associated with non-U.S. stock option and warrant plans is as follows:
Shares Weighted Average Aggregate Weighted Average
Exercise Price Intrinsic Value Remaining Contractual
(in EUR) (in millions of EUR) Term
2005
Outstanding at beginning of year 1,003,493 47.16
Granted 181,226 48.11
Exercised - -
Forfeited (2,688) 49.29
Expired -
Outstanding at end of year 1,182,031 43.02 16.4 3.51
Options exercisable at end of year 387,800 59.95 0.1 4.04
2006
Outstanding at beginning of year 1,182,031 43.02
Granted 216,266 49.55
Exercised (26,000) 54.30
Forfeited (11,200) 50.02
Expired (3,900) 63.10
Outstanding at end of year 1,357,197 43.73 26.5 4.65
Options exercisable at end of year 724,300 42.53 15.1 3.94
2007
Outstanding at beginning of year 1,357,197 43.73
Granted 185,474 71.84
Exercised (396,475) 30.20
Forfeited (11,766) 50.67
Expired - -
Outstanding at end of year 1,134,430 52.99 13.2 4.41
Options exercisable at end of year 557,138 49.61 7.6 3.33
DELHAIZE GROUP / ANNUAL REPORT 2007 97