2007 Reference document (PDF) - Valeo

5 Information
PAGE 184
on the Company and its capital
General information about the Company’s capital
Stock option and share grant plans in force at December 31, 2007
Shareholders’ Meetings Plan characteristics Options awarded Impact
Date of
Shareholders’
Meeting
No. of
options Term Date (1)
05/27/1998 500,000 6 years
2007 Reference document - VALEO
Exercise No. of
price grantees
No. of
options
o/w granted
to corporate
officers
o/w granted
to Executive
Man. excl.
corporate
officers
o/w granted
to top ten
grantees (2)
Conditional
options
122,875 0 0
of tender
offers
(56,330 at
June 21,
2005)
05/25/1999 500,000 6 years 10/17/2000 €48.00 1084 500,000 0 0 8,287
05/25/2000 800,000 8 years 677,125 0 210,000 154,000 0
03/21/2001 €55.82 2 80,000 80,000 0 0 0 800
12/07/2001 €42.48 5 600,000 600,000 0 0 300,000 3,000
05/09/2001 1,000,000 8 years
12/10/2001 €42.69 213 442,875 0 140,000 118,000 0 3,455
06/10/2002 1,500,000 8 years 07/01/2002 €43.84 699 420,000 0 2,500 96,700 0 2,724
11/25/2002 €28.30 229 600,000 0 159,500 107,500 0 4,568
03/31/2003 €23.51 755 700,000 160,000 52,750 44,000 0 6,022
03/31/2003 1,500,000 8 years
11/06/2003 €32.91 1005 780,000 61,000 117,766 77,395 0 7,185
04/05/2004 1,500,000 8 years 11/08/2004 €28.46 1094 1,123,200 160,000 169,600 134,400 0 10,682
TOTAL STOCK SUBSCRIPTION
OPTIONS
6,046,075 1,061,000 852,116 731,995 300,000 46,723
Stock purchase plans in force at December 31, 2007
03/31/2003 1,500,000 8 years 11/06/2003 €32.91 1005 500,000 39,000 75,484 49,605 0 4,263
04/05/2004 1,500,000 8 years 11/08/2004 €32.74 1094 280,800 40,000 42,400 33,600 0 2,787
05/03/2005 4,500,000 8 years 11/17/2005 €32.32 1082 650,000 0 94,300 48,900 0
03/03/2006 €33.75 2 187,000 150,000 37,000 0 0
11/20/2006 €32.63 1298 1,309,250 0 251,000 175,000 0
03/07/2007 €36.97 2 250,000 200,000 (i) 50,000 0 0
11/15/2007 €36.82 1330 1,677,000 150,000 (i) (ii) 350,000 (i) 230,000 (ii) 174,250 (ii)
TOTAL STOCK PURCHASE OPTIONS 4,854,050 579,000 900,184 537,105 174,250 7,050
Share grant plans in force at December 31, 2007
03/05/2005 4,500,000 - 17/11/2005
Price at
02/17/2008
03/03/2006 Price at
06/03/2008
< Contents >
10,900,125 1,640,000 1,752,300 1,269,100 53,773
1082 600,000 0 141,450 73,350 300,000
2 63,000 50,000 13,000 0 36,500
20/11/2006 Price at
11/20/2009
116 100,000 0 0 18,500 0
07/03/2007 Price at
03/07/2010
155 100,000 0 0 0 0
TOTAL SHARE GRANTS 863,000 50,000 154,450 91,850 336,500 0
(1)
Date of Directors’/Supervisory Board/Management Board meeting.
(2)
Including directors who are not corporate officers.
(i)
Stock purchase options subject to the holding period described in section 3.1.1.
(ii)
Of which conditional (50% for the Chairman and CEO and 25% for other directors) subject to achieving a certain operating margin level in 2008, with proportional and linear
allocation depending on the operating margin level reached within the price range set by the Board of Directors.
1
2
3
4
5
6