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Management Report
2012
74
Pursuant to Article L.225-43 of the French Commercial Code, no loans or advances were made to the
Company’s directors.
4.5.3 SHARE PURCHASE AND SUBSCRIPTION OPTION PLANS
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 below.
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.
Table 4
SHARE PURCHASE AND SUBSCRIPTION OPTIONS AWARDED TO EACH CORPORATE OFFICER BY THE
ISSUER OR ANY COMPANY DURING THE YEAR
(Article L. 233-16 of the French Commercial Code )
Name of the
Director
Company
granting the
options
Plan
number
and date
Type of
option
Valuation of
options according
to the method
used for the
consolidated
financial
statements (1)
Number of options
attributed
during
financial year
Exercise
price
Period
price
Yves
Guillemot
Ubisoft
Entertainment
SA
Plan 24
04/27/11
Subscription
options
1.85 €
70,000
6.841€
25% per year from
04/27/2012 to
04/26/2016
Claude
Guillemot
Ubisoft
Entertainment
SA
Plan 24
04/27/11
Subscription
options
1.85 €
10,000
6.841€
25% per year from
04/27/2012 to
04/26/2016
Michel
Guillemot
Ubisoft
Entertainment
SA
Plan 24
04/27/11
Subscription
options
1.85 €
10,000
6.841€
25% per year from
04/27/2012 to
04/26/2016
Gérard
Guillemot
Ubisoft
Entertainment
SA
Plan 24
04/27/11
Subscription
options
1.85 €
10,000
6.841€
25% per year from
04/27/2012 to
04/26/2016
Christian
Guillemot
Ubisoft
Entertainment
SA
Plan 24
04/27/11
Subscription
options
1.85 €
10,000
6.841€
25% per year from
04/27/2012 to
04/26/2016
TOTAL ALLOCATIONS BY UBISOFT ENTERTAINMENT SA
110,000
(1) This corresponds to the value of options and financial instruments when granted, as per IFRS 2, after taking into account any discount linked
to performance criteria and the likelihood of presence at the Company at the end of the vesting period, but before the effect of spreading
expenses over the vesting period as permissible under IFRS 2.