Ubisoft 2012 Annual Report Download - page 57
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Management Report
2012
52
(1) Two-for-one stock split taking effect December 11, 2006: plans concerned - numbers 7, 11,12, 13
(2) Two-for-one stock split taking effect November 14, 2008: plans concerned - numbers 7, 11, 12, 13, 14, 15, 16, 17, 18
(3) Number of options canceled between April 1, 2011 and March 31, 2012
(4) Two-year extension following a decision by the Board of Directors on January 10, 2011.
(5) Board of Directors meeting of March 9, 2012 → Change in type of 417,000 stock options (of the 3,220,748 options granted) into purchase
options, or after cancelation, 410,750 purchase options and 2,717,773 stock options
STOCK OPTIONS GRANTED AND EXERCISED
SUBSCRIPTION OPTIONS GRANTED BY THE COMPANY AND EXERCISED
BETWEEN APRIL 1, 2011 AND MARCH 31, 2012
CORPORATE OFFICERS
Number of options granted between April 1, 2011 and March 31, 2012
Corporate officer
Number of options
(1) granted
Exercise
price
Plan number and expiry date
Yves Guillemot
Claude Guillemot
Michel Guillemot
Christian Guillemot
Gérard Guillemot
70,000
10,000
10,000
10,000
10,000
€6.841
Plan 24
Expiry at 04/26/16
Options exercised during the financial year between April 1, 2011 and March 31, 2012
N/A
(1) The nature of the options was amended by the meeting of the Board of Directors of March 9, 2012: stock options → purchase options
At its meeting of April 27, 2011, the Board of Directors exercised the authorization from the General
Shareholders' Meeting of July 2, 2010, allocating share subscription options to corporate officers in the
proportions shown above.
Pursuant to the provisions of French Act No. 2006-1770 of December 30, 2006, the Board of Directors
set at 5% the amount of shares that must be kept as registered by corporate officer beneficiaries until
such time as they have relinquished their positions.
Furthermore, the share subscription options granted to corporate officers by virtue of this plan and
pursuant to the seventeenth resolution decided upon by the Shareholders' Meeting of July 2, 2010
come with performance conditions based on a cumulated objective of sales and profitability.
The options granted are exercisable per 25% tranche over four years from April 27, 2012 but in
practice, as performance conditions are to be met over several consecutive years (i.e. 4 years) based
on cumulative annual accounts ended March 31, 2012, 2013, 2014 and 2015, the officers may only
exercise their options as of March 31, 2015.
No options have been exercised by corporate officers since AFEP-MEDEF recommendations have
been in application.