ICICI Bank 2015 Annual Report Download - page 216

Schedules
forming part of the Consolidated Accounts (Contd.)
214 Annual Report 2014-2015
Consolidated Financial Statements
The following table sets forth, the summary of stock options outstanding at March 31, 2015.
Range of exercise price
(` per share)
Number of
shares arising
out of options
Weighted average
exercise price
(` per share)
Weighted average
remaining contractual life
(number of years)
60-99 4,771,000 80.81 2.41
100-199 74,346,685 177.35 4.41
200-299 69,291,015 243.22 8.06
300-399 25,000 321.17 9.59
The following table sets forth, the summary of stock options outstanding at March 31, 2014.
Range of exercise price
(` per share)
Number of
shares arising
out of options
Weighted average
exercise price
(` per share)
Weighted average
remaining contractual life
(number of years)
60-99 10,216,665 77.64 2.81
100-199 90,398,800 175.81 5.26
200-299 39,906,300 228.84 8.15
300-399 – – –
The options were exercised regularly throughout the period and weighted average share price as per NSE price
volume data during the year ended March 31, 2015 was ` 311.74 (March 31, 2014: ` 209.32).
ICICI Life:
ICICI Prudential Life Insurance Company has formulated ESOS for their employees.
There is no compensation cost for the year ended March 31, 2015 based on the intrinsic value of options. If the entity
had used the fair value approach for accounting of options, based on the binomial tree model, compensation cost for
the year ended March 31, 2015 would have been higher by ` 22.2 million (March 31, 2014: Nil). During the year ended
March 31, 2015, the maximum terms of options were extended by an additional period of three years for certain options.
The incremental compensation cost and charge to profit and loss account for the year ended March 31, 2015 would have
been higher by ` 22.2 million had ICICI Life followed the fair valuation method for accounting for such options.
The following table sets forth, for the periods indicated, a summary of the status of the stock option plan of ICICI
Prudential Life Insurance Company.
` except number of options
Particulars
Stock options outstanding
Year ended March 31, 2015 Year ended March 31, 2014
Number of
options
Weighted average
exercise price
Number
of shares
Weighted average
exercise price
Outstanding at the beginning of the year 10,201,948 200.10 12,620,354 210.60
Add: Granted during the year – – – –
Less: Forfeited/lapsed during the year 588,000 324.93 2,087,905 264.45
Less : Exercised during the year 2,556,531 82.10 330,501 69.30
Outstanding at the end of the year 7,057,417 232.45 10,201,948 200.10
Options Exercisable 7,057,417 232.45 10,201,948 200.10
The following table sets forth, summary of stock options outstanding of ICICI Prudential Life Insurance Company at
March 31, 2015.
Range of exercise price
(` per share)
Number of shares
arising out of options
Weighted average
exercise price
(` per share)
Weighted average
remaining contractual life
(number of years)
30-400 7,057,417 232.45 4