Ubisoft 2008 Annual Report Download - page 163

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161
UBISOFT ANNUAL REPORT 2009
fI n a n c I a l s t a t e m e n t s 02
14th plan 15th plan 16th plan 17th plan 18th plan
Total number of shares granted (1) 3,154,800 24,072 1,804,100 1,362,500 100,160
Start of exercise period 26.04.08 22.06.08 13.06.09 27.06.09 15.09.09
End of exercise period 25.04.12 21.06.12 13.06.13 27.06.13 15.09.13
Strike price of options at grant date €35.29 €37.54 €55.50 €55.31 €58.59฀฀
France
€56.25฀฀
World
Strike price of options (1) €17.65 €18.77 €27.75 €27.66 €29.30฀฀
France
€28.13฀฀
World
Maturity (years) 5 5 5 5 5
Volatility 30% 30% 30% 30% 30%
Risk-free interest rate 4.03% 4.41% 4.38% 4.38% 4.23%
Estimated dividend rate 0% 0% 0% 0% 0%
Annual turnover rate 5% 5% 5% 5% 5%
Fair value of options at grant date (€/share) €11.43฀฀
France
€8.57฀฀
World
€11.84฀฀
France
€8.74฀฀
World €13.38 €16.00 €17.07฀฀
France
€13.44฀฀
World
Fair value of options after stock split (1)
(€/share)
€5.71฀฀
France
€4.28฀฀
World
€5.92฀฀
France
€4.37฀฀
World €6.69 €8.00 €8.54฀฀
France
€6.77฀฀
World
Options at April 1, 2008 (1) 3,067,100 23,572 - - -
Options granted during the period - - 1,804,100 1,362,500 100,160
Options exercised during the period 143,246 2,122 - - -
Options cancelled during the period 86,706 800 26,200 7,800 -
Options outstanding as at March 31, 2009 2,837,148 20,650 1,777,900 1,354,700 100,160
(1) Following the two-for-one stock split on December 11, 2006 and November 14, 2008.
(2) Limitation of exercise period adopted by the Board of Directors on November 2, 2005, to comply with the maximum period allowed by US law.