2001 Annual Report - Unibail-Rodamco

CONSOLIDATED FINANCIAL STATEMENTS
Remuneration of the Board of Directors and Management
Attendance fees paid to the members of the Board of Directors in 2001 totaled € 0.2m.
The total amount of remuneration paid in 2001 to the authorized senior executive of the parent company came to € 0.736m.
Loans or guaranties granted to directors: none.
Transactions with directors: none.
Stock options
The General Meeting of January 24, 1995 authorized the Board of Directors to grant, on one or more occasions over a period of 5 years, options
to subscribe for new Unibail shares under the conditions stipulated in Articles 208-1 to 208-8-2 of the July 24, 1966 Company Act within the
limit of 4% of the share capital, for the benefit of such persons as it may designate among the senior executives and members of staff of
Unibail and affiliated companies within the meaning of Article 208-4 of the aforementioned law. This scheme was fully subscribed.
Subsequently, as part of a new five-year scheme, the General Meeting of May 12, 2000 authorized the Board of Director to grant options to
subscribe for or purchase Unibail shares within the limit of 2.5% of the fully diluted share capital. Two rounds of options were granted in 2000
and 2001.
Adjusted Potential number of
Board Meeting Number of options granted (2) Subscription price (1) Exercise period subscription price (3) shares (4)
March 28, 1995 315,000 22.40 € from March 28, 2000 20.05 € 172,673
105,000 to March 27, 2003
March 27, 1996 172,500 25.46 € from March 27, 2001 22.78 € 144,412
48,000 to March 26, 2004
March 19, 1997 306,000 26.20 € from March 19, 2002 23.41 € 330,342
114,000 to March 18, 2005
March 18, 1998 327,000 32.00 € from March 18, 2003 29.46 € 311,409
48,000 to March 17, 2006
March 9, 1999 109,500 36.30 € from March 09, 2004 34.76 € 92,568
0 to March 08, 2007
November 21, 2000 502,500 52.72 € from November 21, 2002 51.94 € 467,943
75,000 to November 20, 2008
October 9, 2001 317,000 53.44 € from October 09, 2003 53.44 € 317,000
0 to October 08, 2009
(1)
95% of the average opening price over the 20 trading days preceding the Board’s decision to grant the options (after the three-for-one share split).
(2)
Adjustment following the three-for-one share split in June 2001. Includes options granted to authorized senior executives (figures in italics).
(3)
Adjustment made following dividend payments drawn from the share and merger premium accounts.
(4)
After adjustment and cancellation following the departure of various employees and options already exercised.
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