Ubisoft 2014 Annual Report Download - page 176

Financial statements
2014
171
Purchase options:
24th plan
Total number of shares granted (1)
421,705
Start of exercise period
04/27/12
End of exercise period
04/26/16
Strike price of options
(1)
€6.77
Purchase options at April 1, 2013
(1)
403,816
Purchase options granted during the period
-
Number of purchase options exercised during the period
35,892
Purchase options granted during the period
4,565
Purchase options outstanding at March 31, 2014
363,359
(1)
Number and subscription price adjusted following issuance of share warrants on April 10, 2012
The Company has not recorded a liability because the exercise price exceeds the cost of shares
allocated to plan coverage.
Bonus share grants settled in cash
In the first half of the 2013 financial 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 exercisable shares granted
61,000
Carrying value of the liability at the closing date
€462,583
Intrinsic value of the liability at the closing date
€793,000
Total expense recognized at the closing date
€334,025