Ubisoft 2013 Annual Report Download - page 164

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Financial Statements
2013
159
Bonus share grants settled in cash
In the first half of the year, Ubisoft decided to allocate to its employees a phantom plan, which is assessed
based on the development of the value of the share on Euronext Paris and is contingent upon compliance
with the attendance and performance conditions.
Phantom plan
Grant date
07/02/12
Maturity vesting period
3 years
Total number of shares granted
61,000
Total number of shares exercisable
61,000
Carrying amount of the liability at year-end
€128,558
Intrinsic value of the liability at year-end
€514,230
Total expense booked at year-end
€128,558
Bonus share grants settled in shares
Bonus share grants, which are subject to performance conditions, are locked in for a two or four-years 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.
03/31/09
03/31/10
03/31/11
Grant date
06/13/08
09/15/08
04/09/09
11/17/09
12/15/09
06/30/10
06/30/10
11/15/10
Maturity
- vesting period (in years)
4 years
4 years
4 years
4 years
4 years
2 years
4 years
4 years
Number of instruments as at April 1,
2012
(1)
30,945
59,667
44,498
15,168
295,283
13,772
146,631
207,309
Number of instruments granted during
the period
- - - - - - - -
Number of instruments canceled
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 March 31,
2013
- -
40,958
15,168
283,148
-
146,631
197,197
03/31/12
03/31/13
TOTAL
Grant date
06/24/11
06/24/11
10/19/12
02/08/13
Maturity
- vesting period (in years)
2 years
4 years
2 years
(France)
4 years
(World)
4 years
Number of instruments as at April 1, 2012
(1)
13,354
133,252
- -
959,879
Number of instruments granted during the
period
- - 742.870
316,500
1,059,370
Number of instruments canceled during the
period
- - 9.550 -
37,382
Number of instruments exercised during the
period
- - - -
102,339
Number of instruments at March 31, 2013
13,354
133,252
733.320
316,500
1,879,528
(1)
Adjusted number following issuance of share warrants on April 10, 2012