Ubisoft 2013 Annual Report Download - page 127
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Financial Statements
2013
122
31/03/2009
31/03/2010
31/03/2011
Grant date
13/06/2008
15/09/2008
09/04/2009
17/11/2009
15/12/2009
30/06/2010
30/06/2010
15/11/2010
Maturity - Vesting period
(in years)
4
years
4 years
4 years
4 years
4 years
4 years
2 years
4 years
Fair value of the
instrument in € per share
28.44
28.8
15.35
11.21
9.92
6.19
6.19
9.65
Percentage of
operating targets
reached
100%
100%
100%
100%
100%
100%
100%
100%
Number of instruments
as at 01.04.12
30
,945
59
,667
44
,498
15
,168
295
,283
146
,631
13
,772
207
,309
Number of instruments
granted during the
period
-
-
-
-
-
Number of cancelled
instruments during the
period
2
,023
3
,540
-
12
,135
22
10
,112
Number of instruments
exercised
during the
period
28
,922
59
,667
-
-
-
-
13
,750
-
Number of instruments
at 03/31/13
-
-
40
,958
15
,168
283
,148
146
,631
-
197
,197
31/03/2012 31/03/2013
TOTAL
Grant date
24/06/2011
24/06/2011
19/10/2012
19/10/2012
08/02/2013
Maturity
- Vesting period (in years)
2 years
4 years
2 years
4 years
4 years
Fair value of the instrument in € per
share
6.49
6
.49
6.76
6.76
7.6
Percentage of operating targets reached
100%
100%
100%
100%
100%
Number of instruments as at 0
4/01/12
*
13
,354
133
,252
959
,879
Number of instruments granted during
the period
302
,910
439
,960
316
,500
1,059
,370
Number of cancelled instruments during
the period
-
-
1
,760
7
,790
37
,382
Number of instruments exercised during
the period
-
-
102
,339
Number of instruments at
03/31/13
13
,354
133
,252
301
,150
432
,170
316
,500
1,879
,528
*Adjustment April 10, 2012 following issuance of warrants
Group savings scheme
Ubisoft also offers Group savings schemes, which allow workers to acquire Ubisoft shares as part of
reserved capital increases. Workers acquire these shares with a maximum discount of 15% versus the
average opening price over the 20 trading days prior to the Board of Directors’ meeting that approved
the capital increase.
The difference between the share subscription price and the share price on the grant date (the same
as the plan’s announcement date) constitutes the benefit awarded to beneficiaries. This estimated
expense is fixed on the grant date and recognized immediately as remuneration for past services.
The lock-in period is five years for French employees.