Ubisoft 2016 Annual Report Download - page 171

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Financial statements
5
Separate fi nancial statements of Ubisoft EntertainmentSA for the year ended March31, 2016
27thplan 28thplan 29thplan 30thplan 31stplan Total
Total number of shares granted 100,000 665,740 62,200 328,100 37,500
Start of exercise period May2018 09/24/15 12/16/15 09/23/16 12/16/16
Expiry date of options 03/16/19 09/23/19 12/15/19 09/22/20 12/15/20
Strike price of options €11.92 €12.92 €14.22 €17.94 €26.85
Options at April1, 2015 85,000 663,240 62,200 - - 4,875,020
Options granted during the period - - - 328,100 37,500 365,600
Options exercised during the period - 73,700 1,500 - - 2,549,595
Options cancelled during the period - 23,625 - 3,000 - 56,304
Options outstanding at March31, 2016 85,000 565,915 60,700 325,100 37,500 2,634,721
The Company has not recognized a liability as the exercise of stock options involves the creation of new shares.
Purchase options
24thplan
Total number of shares granted(1) 421,705
Start of exercise period 04/27/12
Expiry date of options 04/26/16
Strike price of options(1) €6.77
Purchase options at April1, 2015(1) 322,989
Purchase options granted during the period -
Number of purchase options exercised during the period 209,165
Purchase options granted during the period 506
Purchase options outstanding at March31, 2016 113,318
(1) Subscription number and price adjusted following the issuance of share subscription 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.
Free share grants settled in cash
In the rst half of the 2013 nancial 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 02/07/12
Maturity– vesting period 3 years
Total number of shares granted 61,000
Total number of exercisable shares 56,000
Total expense over the vesting period €908,600
Total expense recognized at the closing date €53,446
- Registration Document 2016 169