Saab 2013 Annual Report Download - page 106

2010 - 2012 Share Matching Plan
For the - period Saab’s Annual General Meeting resolved to renew
the Share Matching Plan with terms comparable to previous years’ plans.
Number of Series B shares purchased and number of participants,
Share Matching Plan, 2009-2012
Share Matching Plan Number of shares Number of p articipants
2009 462,877 2,841
2010 303,033 2,315
2011 495,874 2,970
2012 422,831 3,475
2009 Performance Share Plan
In April  Saab’s Annual General Meeting resolved to adopt a renewed,
second Performance Share Plan with terms comparable to previous years’
plans.
Following the close of the measurement period on  December  it
was determined that the requirement of annual average earnings per share
growth of  to  per cent during the three-year period had been achieved and
totalled approximately  per cent. Accordingly, participants ahve received a
maximum matching award. Matching took place on three occasions in 
and once in January .
2010 Performance Share Plan
For  Saab’s Annual General Meeting resolved to adopt a renewed, third
Performance Share Plan with terms comparable to previous years’ plans. Fol-
lowing the close of the measurement period on  December  it was
determined that the requirement of annual average earnings per share
growth of  to  per cent during the three-year period had been achieved and
totalled approximately  per cent. Accordingly, participants will receive a
maximum matching award. Matching will take place on three occasions in
 and once in January .
2011 Performance Share Plan
For  Saab’s Annual General Meeting resolved to adopt a renewed, fourth
Performance Share Plan with revised terms as described above. At the end of
 it was found that the requirement for earnings per share growth in the
range of  to  per cent on average per year is not likely to be achieved during
the three-year period.
2012 Performance Share Plan
For  Saab’s Annual General Meeting resolved to adopt a renewed, h
Performance Share Plan with terms comparable to the  Share Plan.
Number of Series B shares purchased and number of participants,
Performance Share Plan, 2009-2012
Share Matching Plan Number of shares Number of p articipants
2009 62,633 138
2010 46,972 115
2011 82,007 176
2012 53,109 177
2013 Share Matching Plan and Performance Share Plan
In April  Saab’s Annual General Meeting resolved to oer employees a
new Share Matching Plan and a new Performance Share Plan. e Share
Matching Plan for  covers all employees. e Performance Share Plan,
which covers senior executives and key employees, entitles participants to
-matching shares, depending on employee category. e plans commence
in January  and continue through the calendar year of . e maxi-
mum number of matching shares in these two plans is ,,.
Share Matching Plan 2009 2010 2011 2012 Total
Number of matching shares
at beginning of the year 417,022 289,257 399,999 - 1,106,278
Allotted during the year
(treasury shares) - - 80,607 422,831 503,438
Early share matching -6,060 -6,026 -7,331 -1,248 -20,665
Ordinary share matching -350,502 - - - -350,502
Forfeited matching shares -6,083 -4,362 -9,471 -9,595 -29,511
Number of matching shares
eligible at year-end 54,377 278,869 463,804 411,988 1,209,038
Number of participants,
31 December 2013 2,335 2,110 2,825 3,386
% of total number of
employees 17 15 19 23
Average remaining maturity,
years 0.0 0.7 1.7 2.7
Performance Share Plan 2009 2010 2011 2012 Total
Number of matching shares
at beginning of the year 52,440 45,019 57,774 - 155,233
Allotted during the year
(treasury shares) - - 13,850 53,109 66,959
Ordinary share matching -44,223 - - - -44,223
Forfeited matching shares -971 -1,175 -2,896 - -5,042
Number of matching shares
eligible at year-end 7,246 43,844 68,728 53,109 172,927
Number of participants,
31 December 2013 110 103 167 177
Average remaining maturity,
years 0.0 0.7 1.7 2.7
Total number of shares
eligible at year-end 2009 2010 2011 2012 Total
Share Matching Plan 54,377 278,869 463,804 411,988 1,209,038
Performance Share Plan 7,246 43,844 68,728 53,109 172,927
Less: Shares included in
both plans - - -68,728 -53,109 -121,837
Total 61,623 322,713 463,804 411,988 1,260,128
Recognised expense for above-mentioned plan,
including social security expenses 2013 2012
Share Matching Plan 2008 - 13
Share Matching Plan 2009 17 20
Share Matching Plan 2010 16 15
Share Matching Plan 2011 20 8
Share Matching Plan 2012 10 -
Performance Share Plan 2009 5 5
Performance Share Plan 2010 5 5
Performance Share Plan 2011 -3 3
Performance Share Plan 2012 3 -
Total 73 69
e fair value of the services rendered is based on the share price of the
matching shares that are expected to be allotted. e share price is deter-
mined at the time of the participants’ investment adjusted by the dividend
that does not accrue to the employee during the vesting period.
e expense for the share plans is included in operating income and is
recognised in the balance sheet as equity and accrued expenses (social secu-
rity expenses). Administrative expenses for the share matching plans
amounted to  () in .
NOTE 37, CONT.
FINANCIAL INFORMATION > NOTES
102 SAAB ANNUAL REPORT 2013