entire - Deutsche Bank Annual Report 2012

Deutsche Bank 02 – Consolidated Financial Statements 294
Financial Report 2010 Additional Notes
32 – Share-Based Compensation Plans
The following table summarizes the main features related to performance options granted under the pre-2004
Global Share Plan and the Global Partnership Plan.
Plan Grant Year Exercise price
Additional Partnership
Appreciation Rights
(PAR) Exercisable until Eligibility
Global Share Plan (pre-2004)
2002 € 55.39 No Nov 2008 All employees
Performance Options
1
2003 € 75.24 No Dec 2009 All employees 1
Global
2002 € 89.96 Yes Feb 2008 Select executives
Partnership Plan
2003 € 47.53 Yes Feb 2009 Select executives
Performance Options
2004 € 76.61 Yes Feb 2010 Group Board
1 Participant must have been active and working for the Group for at least one year at date of grant.
Under both plans, the option represents the right to purchase one Deutsche Bank common share at an exercise
price equal to 120 % of the reference price. This reference price was set as the higher of the fair market value
of the common shares on the date of grant or an average of the fair market value of the common shares for the
ten trading days on the Frankfurt Stock Exchange up to, and including, the date of grant.
Performance options under the Global Partnership Plan were granted to select executives in the years 2002 to
2004. Participants were granted one Partnership Appreciation Right (PAR) for each option granted. PARs
represent a right to receive a cash award in an amount equal to 20 % of the reference price. The reference
price was determined in the same way as described above for the performance options. PARs vested at the
same time and to the same extent as the performance options. They are automatically exercised at the same
time, and in the same proportion, as the performance options.
Performance options under the Global Share Plan (pre-2004), a broad-based employee plan, were granted in
the years 2002 to 2003. The plan allowed the purchase of up to 20 shares in both 2002 and 2003. For each
share purchased, participants were granted five performance options in 2002 and 2003. Performance options
under the Global Share Plan (pre-2004) are forfeited upon termination of employment. Participants who retire
or become permanently disabled retain the right to exercise the performance options.
Activity for Performance Options
The following table summarizes the activity for performance options granted under the Global Partnership Plan
and the DB Global Share Plan (pre-2004).
in thousands of units
(except per share data)
Global
Partnership Plan
Performance
Options
Weighted-average
exercise price 1
DB Global Share
Plan (pre-2004)
Performance
Options
Weighted-average
exercise price
Balance as of December 31, 2008 980 € 47.53 510 € 75.24
Exercised – – – –
Forfeited – – (9) € 75.24
Expired (980) € 47.53 (501) € 75.24
Balance as of December 31, 2009 – – – –
Exercised – – – –
Forfeited – – – –
Expired – – – –
Balance as of December 31, 2010 – – – –
1 The weighted-average exercise price does not include the effect of the Partnership Appreciation Rights for the DB Global Partnership Plan.