Ubisoft 2007 Annual Report Download - page 107

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CORPORATE FINANCIAL STATEMENTS OF UBISOFT ENTERTAINMENT SA AS OF MARCH 31, 2008
103
3
Note 13. Equity
Capital
As of March 31, 2008, the capital of Ubisoft Entertainment
SA stood at €7,164,811.76 and comprised 46,224,592
shares with a par value of €0.155 each.
Number of Ubisoft Entertainment SA shares
The maximum number of shares that may be created as a
result of the exercise of stock options is 3,808,907.
Stock options
The increase in the capital and premiums over the past fiscal year was partly driven by the exercise of stock options.
For reference, the terms and conditions of exercise of the stock option plans are as follows:
As of 04.01.07 45,397,276
Options exercised 467,989
Capital increase reserved for former BSAR holders 235,328
Group/Company employee savings plans:
reserved capital increase 123,999
As of 03.31.08 46,224,592
(1) Limitation of the exercise period approved by the Board of Directors on November 2, 2005 to ensure compliance with the maximum period allowed by US law.
(2) As a result of the 2-for-1 stock split on December 11, 2006, the total number of shares allotted and the number of options as of April 1, 2006 doubled and the
price of the options was divided by two.
7th 8th 9th 10th 11st
Plan Plan Plan Plan Plan
Total Number of shares Granted(2) 778,130 706,362 18,440 143,592 776,300
Start of exercise period 01.19.05 10.16.03 01.29.04 10.28.03 10.14.05
End of exercise period 08.15.12 10.15.07 01.28.08 06.15.07(1) 10.13.14
Option Price(2) €6.41 €4.60 €5.13 €4.60 €7.75
Options as of April 1, 2007(2) 175,855 188,889 10,280 10,626 493,824
Options granted during the period
Options exercises during the period 52,200 146,273 10,280 4,452 113,096
Options cancelled during the period 28,200 42,616 - 6,174 104,256
Options outstanding as of March 31, 2008 95,455 - - - 276,472
12nd 13rd 14th 15th
Plan Plan Plan Plan
Total Number of shares Granted(2) 992,100 1,355,892 1,577,400 12,036
Start of exercise period 11.17.05 11.17.05 07.01.05 02.23.07 04.26.08 06.22.08
End of exercise period 11.16.14 11.16.14 06.15.09 (1) 02.22.11 04.25.12 06.21.12
Option Price(2) €7.36 €7.74 €6.78 €15.82 €35.29 €37.54
(France) (Italie) (USA)
Options as of April 1, 2007 (2) 833,418 1,307,110
Options granted during the period 1,577,400 12,036
Options exercises during the period 65,570 76,118 - -
Options cancelled during the period 44,142 63,054 43,850 250
Options outstanding as of March 31, 2008 723,706 1,167,938 1,533,550 11,786