Ubisoft 2007 Annual Report Download - page 91

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CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2008
87
2
2.5.7.4 Off-balance sheet commitments
1. Guarantees and collateralized guarantees:
(1) Only commitments of over €500 thousand are shown.
03.31.08 Expiry 03.31.07
Sureties & Guarantees given 53,095 50,566
Obligor (1) Type of guarantee
Red Storm Entertainment Inc. Lease payment guarantee 361 10.31.09
Ubisoft Divertissement Inc. Lease payment guarantee 542 Expiry of lease
Ubisoft Inc. Guarantee of commercial commitments 6,324 End of commercial relationship
Ubisoft Ltd. Loan guarantee 20,000 12.29.11
Ubisoft Ltd. Lease payment guarantee 2,521 06.15.16
Ubisoft SA Lease payment guarantee 1,022 07.21.12
Ubisoft Inc. Stand-by letter 3,795 03.31.09
Ubisoft Inc. Stand-by letter 2,530 06.30.08
Ubisoft EMEA SAS Stand-by letter 16,000 08.15.08
Collateralized guarantees given None None
Outstanding notes receivable discounted None 1,000
Under the terms of the stock option plan approved by the Board of Directors on April 26, 2007, it was decided to grant the
Company's corporate officers 75,000 of the 1,577,400 stock options granted (4.75%). The options may be exercised any time
between April 26, 2008 and April 25, 2012, inclusive, at an exercise price of €35.29 per share. In accordance with the provisions
of the Act of December 30, 2006 establishing new regulations governing options granted to corporate officers, the Board also
decided to require all corporate officer beneficiaries to retain 5% of their options until such time as they have given up their
positions.
No commitments has been made by the Company in favor of its corporate officers related to their termination or change in
responsibilities.
Pursuant to Article L225-43 of the French Commercial Code, no loans or advances were made to the Company’s managers.
2. Transactions with other related parties
Ubisoft Entertainment SA acquired no stock from related parties.
Name of manager 03.31.08
Fixed Fixed compensation Total gross fixed Directors’ Total variable Benefits
compensation paid by compensation fees paid compensation in kind
paid by Ubisoft other companies paid by Ubisoft paid paid
Mr Yves Guillemot 109,200 146,760 €255,960 €18,750 None None
Mr Gérard Guillemot 109,200 162,960 €272,160 €18,750 None None
Mr Michel Guillemot 109,200 231,705 €340,905 €18,750 None None
Mr Claude Guillemot 109,200 146,760 €255,960 €18,750 None None
Mr Christian Guillemot 109,200 146,760 €255,960 €18,750 None None
Name of manager 03.31.07
Fixed Fixed compensation Total gross fixed Directors’ Total variable Benefits
compensation paid by compensation fees paid compensation in kind
paid by Ubisoft other companies paid by Ubisoft paid paid
Mr Yves Guillemot 109,200 146,760 €255,960 €22,500 None None
Mr Gérard Guillemot 109,200 176,116 €285,316 €22,500 None None
Mr Michel Guillemot 109,200 183,536 €292,736 €22,500 None None
Mr Claude Guillemot 109,200 146,760 €255,960 €22,500 None None
Mr Christian Guillemot 109,200 146,760 €255,960 €22,500 None None