Food Lion 2008 Annual Report Download - page 112
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Please find page 112 of the 2008 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.Options and warrants granted to associates of U.S. operating companies under the various plans 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, 2008 of issuance)
Delhaize Group 2002 Stock
Incentive plan - warrants May 2008 528 542 483 749 USD 74.76 237 Exercisable
until 2018
June 2007 1 165 108 1 074 676 USD 96.30 3 238 Exercisable
until 2017
June 2006 1 324 347 938 709 USD 63.04 2 983 Exercisable
until 2016
May 2005 1 100 639 482 337 USD 60.76 2 862 Exercisable
until 2015
May 2004 1 517 988 335 646 USD 46.40 5 449 Exercisable
until 2014
May 2003 2 132 043 205 396 USD 28.91 5 301 Exercisable
until 2013
May 2002 3 853 578 442 825 USD 13.40 - 5 328 Exercisable
USD 76.87 until 2012
Delhaize America 2000
Stock Incentive plan - options(1) Various 703 162 52 470 USD 13.40 - 4 509 Various
USD 93.04
(1) Including the stock options granted under the 1996 Food Lion Plan and the 1998 Hannaford Plan.
Activity related to the “Delhaize Group 2002 Stock Incentive Plan” and the “Delhaize America 2000 Stock Incentive Plan” is as follows:
Shares Weighted
Average
Exercise Price
(in USD)
2006
Outstanding at beginning of year 5 038 861 45.49
Granted 1 324 338 63.04
Exercised (1 827 644) 40.95
Forfeited/expired (222 007) 52.94
Outstanding at end of year 4 313 548 52.43
Options exercisable at end of year 1 716 247 43.94
2007
Outstanding at beginning of year 4 313 548 52.43
Granted 1 166 723 96.30
Exercised (1 345 887) 48.35
Forfeited/expired (134 342) 62.98
Outstanding at end of year 4 000 042 66.22
Options exercisable at end of year 1 483 762 48.96
2008
Outstanding at beginning of year 4 000 042 66.22
Granted 531 393 74.76
Exercised* (319 280) 47.97
Forfeited/expired (196 347) 73.72
Outstanding at end of year 4 015 808 68.45
Options exercisable at end of year 2 118 973 60.11
* Includes warrants exercised by employees, for which a capital increase had not occurred before the end of the year. The number of shares for which a capital increase had not yet occurred was 18 273 at December 31, 2008.
The weighted average remaining contractual term for the share options outstanding as at December 31, 2008 is 6.67 (2007: 7.40; 2006: 7.40). The weighted
average share price for options exercised during 2008 amounts to USD 76.14 (2007: USD 95.56 2006: USD 73.78).
Consolidated
Balance Sheets
Consolidated
Income Statements
Consolidated Statements of
Recognized Income and Expense
Consolidated
Statements of Cash Flows
108 - Delhaize Group - Annual Report 2008
Notes to the
Financial Statements