ING Direct 2009 Annual Report Download - page 86
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Long-term incentives of the individual members of the Executive Board (1) (2) (continued)
fair market value at grant in thousands of euros 2009 2008 2007
Jacques de Vaucleroy
Number of options 0084,606
Number of perf ormance shares 0020,050
Fair market value of long-term incentive (3) 00748
Michel Tilmant
Number of options 00171,973
Number of performance shares 0040,753
Fair market value of long-term incentive (3) 001,521
John Hele (5)
Number of options 0054,993
Number of performance shares 0013,032
Fair market value of long-term incentive (3) 00486
The fair market value of long-term incentive awards of former
members of the Executive Board who are not included in the above
table amounted to nil 2009, 2008 and 2007.
Information on the options outstanding and the movements during the financial year of options held
by the members of the Executive Board as at 31 December 2009 (1)
number of options
Outstanding
as at
31 December
2008
Granted
in 2009
Exercised
in 2009
Waived or
expired in
2009(2)
Outstanding
as at
31 December
2009
Exercise
price in
euros
Exercise
price in US
dollars Expiry date
Jan Hommen 0 0 0 0
Patrick Flynn 0 0 0 0
Koos Timmermans 13,674 0 0 0 13,674 22.57 11 Mar 2012
7,814 0007,814 14.37 15 Mar 2014
11,4 6 0 00011,460 17. 8 8 30 Mar 2015
8,504 0008,504 25.16 23 Mar 2016
46,157 00046,157 24.72 22 Mar 2017
56,405 00056,405 19.53 15 May 2018
20,675 0 0 0 20,675 14.36 17 Sept 2018
(1) The number of options and the strike prices of these options reflect the
number and strike prices adjusted for the effects of the rights issue of
December 2009.
(2) Waived at vesting date or expired at expiry date.
Remuneration report (continued)
1.3 Our governance
ING Group Annual Report 2009
84