ICICI Bank 2016 Annual Report Download - page 231

Annual Report 2015-2016 229
Schedules
forming part of the Consolidated Accounts (Contd.)
Consolidated Financial Statements
The following table sets forth, the summary of stock options outstanding at March 31, 2016.
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 2,556,700 86.96 3.03
100-199 60,755,715 180.24 3.65
200-299 96,037,150 251.67 7.85
300-399 32,275,000 308.26 9.08
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
exercise price
(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 options were exercised regularly throughout the period and weighted average share price as per NSE price
volume data during the year ended March 31, 2016 was ` 273.37 (March 31, 2015: ` 311.74).
ICICI Life:
ICICI Prudential Life Insurance Company has formulated ESOS for their employees. There is no compensation cost
for the year ended March 31, 2016 based on the intrinsic value of options. If the entity had used the fair value
approach for accounting of options compensation cost for the year ended March 31, 2016 would have been higher
by Nil (March 31, 2015: ` 22.2 million).
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, 2016 Year ended March 31, 2015
Number
of shares
Weighted average
exercise price
Number
of shares
Weighted average
exercise price
Outstanding at the beginning of the year 7,057,417 232.45 10,201,948 200.10
Add: Granted during the year – – – –
Less: Forfeited/lapsed during the year 559,175 329.58 588,000 324.93
Less : Exercised during the year 499,067 108.40 2,556,531 82.10
Outstanding at the end of the year 5,999,175 233.72 7,057,417 232.45
Options exercisable 5,999,175 233.72 7,057,417 232.45
The following table sets forth, summary of stock options outstanding of ICICI Prudential Life Insurance Company at
March 31, 2016.
Range of exercise price
(` per share)
Number of shares
arising out of options
(number of shares)
Weighted average
exercise price
(` per share)
Weighted average
remaining contractual life
(number of years)
30-99 1,006,225 64.91 2.9
100-299 2,445,850 130.00 4.1
300-400 2,547,100 400.00 2.1