Food Lion 2009 Annual Report Download - page 135
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131
SUMMARY STATUTORY ACCOUNTS
OF DELHAIZE GROUP SA
HISTORICAL FINANCIAL OVERVIEW CERTIFICATION OF RESPONSIBLE
PERSONS
REPORT OF THE STATUTORY AUDITOR
SUPPLEMENTARY INFORMATION
The following table summarizes options and warrants outstanding as of December 31, 2009, and the related weighted average remaining
contractual life (years) and weighted average exercise price under the stock option plans for associates of U.S. operating companies:
Range of Number Weighted Weighted
Exercise Prices Outstanding Average Average
Remaining Exercise Price
Contractual (in USD)
Life (in years)
USD 28.91 - USD 46.40 500 985 3.65 39.70
USD 49.81 - USD 60.76 699 791 3.72 56.00
USD 62.32 - USD 96.30 2 502 491 7.37 79.83
USD 28.91 - USD 96.30 3 703 267 6.18 69.90
Options exercisable at the end of 2009 had a weighted average remaining contractual term of 5.40 years (2008: 5.49; 2007: 5.48).
The weighted average fair values of options granted were USD 12.88, USD 14.35 and USD 21.19 per option for the years 2009, 2008 and 2007,
respectively and were estimated using the following weighted average assumptions:
2009 2008 2007
Share price 70.27 74.76 96.30
Expected dividend yield (%) 2.6 2.4 2.3
Expected volatility (%) 26.3 25.7 26.9
Risk-free interest rate (%) 2.3 3.2 5.1
Expected term (years) 4.0 3.9 3.7
U.S. Operating Entities Restricted Stock Unit Awards Plan
Restricted stock unit awards usually vest over a five-year period starting at the end of the second year (i.e. 25% each year as from the second year)
after the award. As the award vests, the associate receives - at no cost for the associate - ADRs equal to the number of Restricted Stock Units that
have vested, free of any restriction.
In May 2002, Delhaize America, LLC ceased granting restricted stock awards under the "2000 Stock Incentive Plan" and began granting
restricted stock unit awards under the "2002 Restricted Stock Unit Plan."
Restricted stock unit awards granted to associates of U.S. operating companies under the “Delhaize America 2002 Restricted Stock Unit Plan” are
as follows:
Effective Date of Grants Number of Number of Shares Number of
Shares Underlying Underlying Awards Beneficiaries
Award Issued Outstanding at (at the moment
December 31, 2009 of issuance)
June 2009 150 073 147 536 245
May 2008 466 503 419 412 3 421
June 2007 102 512 62 354 222
June 2006 155 305 60 704 217
May 2005 145 868 26 344 204
Activity related to the restricted stock plans is as follows:
Shares
2007
Outstanding at beginning of year 515 321
Granted 102 512
Released from restriction (137 625)
Forfeited/expired (11 267)
Outstanding at end of year 468 941
2008
Outstanding at beginning of year 468 941
Granted 466 503
Released from restriction (174 000)
Forfeited/expired (58 334)
Outstanding at end of year 703 110