registration document France Telecom 2009 - Orange.com

20 CONSOLIDATED
financial information concerning the issuer’s assets and liabilities, financial position and profits and losses
STATEMENTS
Changes in stock option plans
The following table summarizes the stock option plans granted to France Telecom Group employees at December 31, 2009, 2008
and 2007:
STOCK OPTION PLAN
December 31, 2009 December 31, 2008 December 31, 2007
Number
of options
Weighted
average
exercise price
(euros)
Number
of options
Weighted
average
exercise price
(euros)
Number
of options
Weighted
average
exercise price
(euros)
France Telecom plan (2005/2007)
Options outstanding at the beginning
of the year 22,624,565 22.70 23,664,255 22.70 14,551,905 23.46
Granted - - - - 10,093,300 21.61
Exercised - - (5,350) 23.46 (91,640) 22.58
Cancelled, lapsed (1,271,770) 23.35 (1,034,340) 22.72 (889,310) 22.68
Options outstanding at the end
of the year 21,352,795 22.66 22,624,565 22.70 23,664,255 22.70
France Telecom shares (ex-Wanadoo)
Options outstanding at the beginning
of the year 4,644,234 20.57 4,869,159 20.36 6,880,597 21.82
Exercised (45,269) 14.71 (204,334) 15.31 (1,326,010) 14.99
Cancelled, lapsed (8,298) 16.30 (20,591) 22.07 (685,428) 45.43
Options expired - - - - - -
Options outstanding at the end
of the year 4,590,667 20.64 4,644,234 20.57 4,869,159 20.36
Orange shares (1)
Options outstanding at the beginning
of the year 38,286,539 8.97 39,838,976 8.94 57,940,516 8.80
Granted - - - - - -
Exercised (164,054) 6.65 (986,339) 7.51 (14,101,219) 8.12
Cancelled, lapsed (555,382) 9.29 (566,098) 9.42 (4,000,321) 9.73
Options outstanding at the end
of the year 37,567,103 8.97 38,286,539 8.97 39,838,976 8.94
TP S.A. shares
Options outstanding at the beginning
of the year 4,746,102 5.19 6,033,024 6.03 - -
Granted - - - - 6,047,710 6.03
Exercised - - - - - -
Cancelled, lapsed (388,677) 4.99 (2) (1,286,922) 6.16 (14,686) 5.73
Options outstanding at the end
of the year 4,357,425 5.26 (3) 4,746,102 5.19 6,033,024 6.03
Mobistar shares
Options outstanding at the beginning
of the year - - - - 1,831 34.15
Granted - - - - - -
Exercised - - - - (1,831) 34.15
Cancelled, lapsed - - - - - -
Options outstanding at the end
of the year - - - - - -
(1) Due to the issuance of the liquidity instruments on options and France Telecom’s decision to grant new shares, the exercise of these options results in issuing new France Telecom S.A.
shares.
(2) Exchange rate used: average for 2009.
(3) Exchange rate used: closing rate at December 31, 2009.
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM