Ubisoft 2012 Annual Report Download - page 114

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Financial Statements
2012
109
Purchase options (1)
24th plan
Total number of shares granted
417,000
Start of exercise period
04/27/12
End of exercise period
04/26/16
Strike price of options
€6.841
Purchase options at April 1, 2011
-
Purchase options granted during the period
417,000
Number of purchase options exercised during the period
-
Purchase options granted during the period
6,250
Purchase options outstanding at March 31, 2012
410,750
(1) 417,000 subscription options (of the 3,220,748 options granted) changed into purchase options following a decision
made by the Board of Directors on March 9, 2012
Bonus share grants
Bonus share grants, which are subject to performance conditions, are locked in for a two or 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 share capital, employee shareholders receive dividends and
voting rights on all their shares at the end of the vesting period.
The employee benefit expense corresponds to the value of instruments received by the beneficiary,
which is equal to the value of shares being received, with the discounted value of dividends expected
over the vesting period being zero.
03/31/08
03/31/09
03/31/10
Grant date
10/02/07
03/17/08
06/13/08
09/15/08
04/09/09
11/17/09
12/15/09
Maturity - Vesting period (in years)
4 years
4 years
4 years
4 years
4 years
4 years
4 years
Fair value of the instrument in € per
share
23.86
25.65
28.44
28.80
15.35
11.21
9.92
Annual turnover
3%
3%
3%
3%
3%
3%
3%
Percentage of operating targets
reached
100%
100%
100%
100%
100%
100%
100%
Number of instruments as at April 1,
2011
168,500
116,000
28,600
68,000
44,000
15,000
300,000
Number of instruments granted
during the period
-
-
-
-
-
-
-
Number of cancelled instruments
during the period
7,500
-
-
9,000
-
-
8,000
Number of instruments exercised
during the period
161,000
116,000
-
-
-
-
-
Number of instruments at March 31,
2012
-
-
28,600
59,000
44,000
15,000
292,000
03/31/11
03/31/12
TOTAL
Grant date
06.30.10
06/30/10
11/14/10
06/24/11
06/24/11
Maturity - Vesting period (in years)
4 years
2 years
4 years
2 years
4 years
Fair value of the instrument in € per
share
6.19
6.19
9.65
6.49
6.49
Annual turnover
3%
3%
3%
0%
3%
Percentage of operating targets
reached
100%
100%
100%
100%
100%
Number of instruments as at April 1,
2011
152,000
12,520
213,000
-
-
1,117,620
Number of instruments granted
during the period
-
-
12,140
131,770
143,910
Number of cancelled instruments
during the period
7,000
-
8,000
-
-
39,500
Number of instruments exercised
during the period
-
-
-
-
-
277,000
Number of instruments at March 31,
2012
145,000
12,520
205,000
12,140
131,770
945,030