bold spirit - ArcelorMittal South Africa

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ArcelorMittal South Africa
Annual Report 2010
29. SHARE-BASED PAYMENTS continued
29.2 ArcelorMittal South Africa Equity-settled Share Option Plan continued
Terms of the options outstanding at the reporting date are as follows:
Exercise
price range
2010
R
Outstanding
numbers
2010
Options
Exercise
price range
2009
R
Outstanding
numbers
2009
For year ended 31 December
Expiry date details
2010 34.34 – 57.99 30 205
2011 9.71 – 56.86 132 034 9.71 – 56.86 155 307
2015 53.38 320 823 53.38 448 645
2016 54.19 – 83.88 625 219 54.19 – 83.88 930 279
2017 97.72 – 140 699 618 97.72 – 140.00 790 738
2018 73.75 – 250 868 051 73.75 – 250.00 1 012 159
2019 95.50 – 121.50 851 710 80 – 121.50 975 490
2020 76.88 – 77.88 33 400
Total 3 530 855 4 342 823
29.3 ArcelorMittal Group Equity-settled Share-Based Payment Plans
29.3.1 Executive International Mobility Share Option Plan
The ArcelorMittal Group issued equity-settled share options over its own shares, denominated in
USD, to its executive employees seconded to ArcelorMittal South Africa. The charge to the group
and company for the year amounted to R3 million (2009: R22 million).
Details of outstanding options as at 31 December are as follows 1 :
2010 2009
Latest expiry date 2 020 2 019
Exercise price range (USD) 28.75 – 85.57 28.75 – 82.57
Number of outstanding instruments 72 653 56 093
Total proceeds if outstanding instruments were immediately
exercised (Rm) 2 4
Total intrinsic value of out-the-money options at
31 December (Rm) 2 (1.5) (3)
1
Includes, at the reporting dates, those outstanding options received before and during the participants’ tenure
as employees of ArcelorMittal South Africa.
2
Hypothetical scenario, assuming all instruments were to vest on 31 December (excludes out-of-the-money
options, where applicable). Translated to ZAR using the closing exchange rate at 31 December.