Ubisoft 2013 Annual Report Download - page 125
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Financial Statements
2013
120
19
th
plan
20
th
plan
21
st
plan
22
nd
plan
Total number of
shares granted
3.108.309
(1)
121.171
(1)
4.551
(1)
120.336
(1)
Start of exercise period
12/05/2010 18/06/2010
15/12/2010
29/04/2011
End of exercise period
11/05/2014 17/06/2014
14/12/2014
28/04/2015
Strike price of options (1)
€14.
75
€14.
24
€15.
43
€16.
71
€9.
93
€9.
91
France
World
France
World
Maturity (years)
5 5 5 5
Volatility
30% 30% 30%
30%
Risk
-free interest rate
2,42% 2,61% 2,23%
2,01%
Estimated dividend rate
0% 0% 0%
0%
Annual turnover rate
5% 5% 5%
0%
Fair value of options after
stock split(1)
(€/share)
€3.
54
€2.
68
€5.
22
€3.
37
€2.
64
€2.
46
France
World
France
World
Options at April 1, 2012
(1)
͓
2.791.622 87.631
4.551
120.336
Options granted during the period
- - - -
Options exercised during the period
- - - -
Options cancelled during the period
82.946 5.564
3.034
-
Options outstanding at
03/31/13
2.708.676 82.067
1.517
120.336
23
rd
plan
24
th
plan
25
th
plan
TOTAL
Total number of shares granted
3,123,939
(1)
3,
255,
401
(1)
936,970
Start of exercise
period
30/06/2011
27/04/2012
19/10/2012
End of exercise period
29/06/2015
26/04/2016
18/10/2017
Strike price of options (1)
€7.
02
€6.
32
€6.
770
€6.
37
€6.
65
France
World
France
World
Maturity (years)
5 5
5
Volatility
30% 30%
30%
Risk
-free interest rate
1,54% 2,72%
0,35%
Estimated dividend rate
0% 0%
0%
Annual turnover rate
5% 5%
5%
Fair value of options after stock split(1)
(€/share)
€1.
29
€1.
13
€1.
85
€1.
79
€1.
28
France
World
France
France
World
Options
at April 1, 2012
(1)
͓
2,924,756
2
,724,
058
16
,738
,995
Options granted during the period
- - 936,970
936,
970
Options exercised during the period
79,524 29,
109
-
689,
679
Options cancelled during the period
98,096 97,
606
3,750
4
,105,
877
Options outstanding at
03/31/13
2,747,136
2
,597,
343
933,220
12
,880
,409
(1)
Subscription number and price adjusted following share warrant issue at April 10, 2012.
The average price of options exercised during the period was €7.787.