Ubisoft 2014 Annual Report Download - page 69

Management Report
2014
64
3.3.5.1 CORPORATE OFFICERS
SUBSCRIPTION OPTIONS GRANTED BY THE COMPANY AND EXERCISED
BETWEEN APRIL 1, 2013, AND MARCH 31, 2014
CORPORATE OFFICERS
Number of options granted between April 1, 2013, and March 31, 2014
Corporate officer
Number of
subscription options granted
Strike
price
Plan number and expiry date
Yves Guillemot
Claude Guillemot
Michel Guillemot
Christian Guillemot
Gérard Guillemot
60,000
10,000
10,000
10,000
10,000
€11.92
(opening
price
excluding
discount)
Plan 27
Expiry at 03/16/19
Options exercised during the financial year between April 1, 2013, and March 31, 2014
N/A
At its meeting of March 17, 2014, the Board of Directors exercised the authorization from the General
Meeting of September 24, 2012, by allocating share subscription options to corporate officers in the
proportions shown above.
Pursuant to the provisions of article L. 225-185 of the French Commercial Code, the Board of
Directors set at 5% the amount of shares that must be kept as registered by corporate officer
beneficiaries until they cease to hold office.
Furthermore, options granted to corporate officers by virtue of this plan and in accordance with the
resolution voted by the Shareholders’ Meeting of September 24, 2012, come with performance
conditions relating to the achievement of average EBIT assessed on the cumulative basis of the
annual financial statements for the years ended March 31, 2015, 2016, 2017 and 2018, so officers
may only exercise their options following validation by the Compensation Committee that the
performance conditions have been met after the approval by the Board of Directors of the financial
statements for the year ended March 31, 2018, i.e. from May 2018. The definitive allocation
percentage is based on thresholds to be met, which are determined according to a percentage by
which cumulative targets have been achieved.
In addition, as regards Yves Guillemot, Chief Executive Officer, 25% of shares granted are subject to
the fulfilment of cumulative collective performance conditions.
3.3.5.2 EMPLOYEES (NOT CORPORATE OFFICERS)
TEN EMPLOYEES (NOT CORPORATE OFFICERS)
Number of options granted between April 1, 2013 and March 31, 2014
Complete information
for all Group
companies
combined
Number of options granted
to top 10 beneficiaries
Average
weighted
price
Plan number
Expiry date
366,000
€9.19
Plan 26
Expiry at 10/28/2018
Options exercised during the financial year between April 1, 2013, and March 31, 2014
Complete information
for all Group
companies
combined
Number of options exercised by the 10
employees
exercising the highest number
Average
weighted
price
Plan number
Expiry date
243,194
€6.081
Plans 11, 12, 23, 24 and 25
Expiry at
10/13/14
11/16/14
06/29/15
04/26/16
10/18/17