Ubisoft 2008 Annual Report Download - page 202
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200
UBISOFTANNUAL REPORT 2009
Stock options
The increase in the capital and premiums over the past scal 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:
7th plan 11th plan 12th plan 13th plan
Total number of shares
granted (1)
1,556,260 1,552,600 1,984,200 2,711,784
Start of exercise period 01.19.05 10.14.05 11.07.05 11.17.05 07.01.05 02.23.07
End of exercise period 08.15.12 10.13.14 11.06.14 11.16.14 06.15.09 (2) 02.22.11
Price of options (1) €3.21 €3.88 €3.68
(France)
€3.87
(Italy)
€3.39
(United States)
€7.91
Options as of April 1, 2008 (1) 190,910 552,944 1,447,412 2,335,876
Options granted during
the period
- - - -
Options exercised during
the period
145,560 152,944 529,874 214,288
Options cancelled during
the period
-15,432 2,634 47,500
Options outstanding
as of March 31, 2009
45,350 384,568 914,904 2,074,088
(1) Following the two-for-one stock split on December 11, 2006 and November 14, 2008.
(2) 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.
The company has not recognised a liability, since the exercise of stock options involves the creation of new shares.
Bonus share grants
Bonus share grants, which are subject to performance conditions, are locked in for a four-year period following the grant
date. As the shares granted are ordinary shares in the same category as the old shares that comprise the company's equity,
employee-shareholders receive dividends and voting rights on all of their shares at the end of the vesting period.
03.31.09 03.31.08
Grant date 09.15.08 06.13.08 03.17.08 10.02.07
Maturity - Vesting period (in years) 4 years 4 years 4 years 4 years
Number of instruments allocated after stock split(1) 80,580 30,600 122,000 233,500
(1) Following the two-for-one stock split on November 14, 2008.
Own shares
As of March 31, 2009, the Company held 80,914 of its own shares.
Regulated provisions
03.31.09 03.31.08
Opening 24,448 -
Increases 97,617 24,448
Decreases 8,966 -
Closing 113,099 24,448