ANNUAL REPORT 2009 - GAM Holding AG

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Movements in options granted under various participation plans are as follows: Equity Bonus Plan 31.12.2009 31.12.2008 WEIGHTED WEIGHTED NUMBER OF AVERAGE NUMBER OF AVERAGE OPTIONS EXERCISE PRICE OPTIONS EXERCISE PRICE CHF CHF Outstanding at the beginning of the year 424 090 43.93 428 910 43.83 Exercised during the year -145 550 34.61 -4 820 36.30 Disposal of subsidiaries -277 380 48.80 - - Outstanding at the end of the year 1 160 49.65 424 090 43.93 Fair value/Option OPTIONS OPTIONS OUTSTANDING EXERCISABLE NUMBER OF REMAINING NUMBER OF OPTIONS CONTRACTUAL OPTIONS OUTSTANDING EXERCISE PRICE LIFE EXERCISABLE EXERCISE PRICE CHF YEARS CHF CHF 16.55 310 34.99 0.3 310 34.99 CHF 3.62 850 55.00 1.3 850 55.00 Options Long-Term Incentive Plan 31.12.2009 31.12.2008 WEIGHTED WEIGHTED NUMBER OF AVERAGE NUMBER OF AVERAGE OPTIONS EXERCISE PRICE OPTIONS EXERCISE PRICE CHF CHF Outstanding at the beginning of the year 1 759 697 86.60 1 801 058 84.04 Granted during the year - - 219 299 91.20 Exercised during the year -1 054 340 83.51 -75 670 27.90 Forfeited during the year -33 746 91.20 -184 990 91.20 Disposal of subsidiaries -479 196 91.20 - - Outstanding at the end of the year 192 415 91.20 1 759 697 86.60 of which exercisable, at the end of the year - - 129 653 28.72 Fair value/Option OPTIONS OPTIONS OUTSTANDING EXERCISABLE NUMBER OF REMAINING NUMBER OF OPTIONS CONTRACTUAL OPTIONS OUTSTANDING EXERCISE PRICE LIFE EXERCISABLE EXERCISE PRICE CHF YEARS CHF CHF 0.03 192 415 91.20 1.0 - - GAM Holding Ltd. Annual Report 2009 101 GROUP FINANCIAL REPORT
GAM Holding Ltd. Share Option Scheme 31.12.2009 WEIGHTED NUMBER OF AVERAGE OPTIONS EXERCISE PRICE CHF Outstanding at the beginning of the year - - Granted during the year 30 271 544 12.28 Exercised during the year - - Forfeited/cancelled during the year -155 333 12.28 Outstanding at the end of the year 30 116 211 12.28 of which exercisable at the end of the year - - OPTIONS OPTIONS OPTIONS OPTIONS VESTED ON VESTING ON VESTING ON VESTING ON 28 OCTOBER 28 OCTOBER 28 OCTOBER 28 OCTOBER GAM HOLDING LTD. – SHARE OPTIONS GRANTED 2009 2010 2011 2012 Fair value of share options and assumptions Fair value of option at grant date 2.48 2.62 2.63 2.55 Average remaining contractual life (in months) 37 37 37 37 Share price at grant date 12.28 12.28 12.28 12.28 Exercise price 12.28 12.28 12.28 12.28 Expected volatility 40.75% 40.75% 40.75% 40.75% Expected dividend yield 5.00% 5.00% 5.00% 5.00% Risk-free interest rate 0.98% 0.98% 0.98% 0.98% Expense recognised for the period 18 760 437 3 471 501 1 745 662 1 126 902 102 GAM Holding Ltd. Annual Report 2009
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ANNUAL REPORT 2009
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2 GAM Holding Ltd. Annual Report 20
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As we emerge from the financial cri
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1. GROUP STRUCTURE AND SHAREHOLDERS
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2. CAPITAL STRUCTURE 2.1 CAPITAL As
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3. BOARD OF DIRECTORS All the membe
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Attendance of the members of the Bo
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Committee oversees the compensation
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4. SENIOR MANAGEMENT 4.1 MEMBERS OF
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from the Group Head of Human Resour
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5.4 COMPENSATION OF THE BOARD OF DI
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6. SHAREHOLDERS’ PARTICIPATION RI
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9. INFORMATION POLICY GAM Holding L
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CONSOLIDATED STATEMENT OF COMPREHEN
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CONSOLIDATED STATEMENT OF CHANGES I
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CONSOLIDATED STATEMENT OF CASH FLOW
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SUMMARY OF SIGNIFICANT ACCOUNTING P
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The recoverable amount equals the p
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financial liability, any gain or lo
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Debt issued Issued bonds are initia
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CHANGES IN ACCOUNTING POLICIES The
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Classification of Rights Issues (am
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COMMENT ON RISK AND CAPITAL MANAGEM
Page 51 and 52: The following tables show the credi
Page 53 and 54: The following table shows the Group
Page 55 and 56: VaR method and regulatory capital I
Page 57 and 58: Capital risk management In managing
Page 59 and 60: NOTES TO THE CONSOLIDATED INCOME ST
Page 61 and 62: 6 INCOME TAXES 2009 2008 CHANGE CHF
Page 63 and 64: 7 REPORTING BY SEGMENT TOTAL CONSOL
Page 65 and 66: 8 EARNINGS PER REGISTERED SHARE AND
Page 67 and 68: 9C ALLOWANCE FOR CREDIT LOSSES 2009
Page 69 and 70: 11 OTHER FINANCIAL INVESTMENTS AND
Page 71 and 72: 11C OTHER FINANCIAL LIABILITIES Tra
Page 73 and 74: Goodwill BALANCE ON ADDITIONS/ DISP
Page 75 and 76: Brand impairment testing Whenever t
Page 77 and 78: 16A DEFERRED TAX ASSETS 31.12.2009
Page 79 and 80: 17 PROVISIONS 2009 2008 RESTRUCTURI
Page 81 and 82: Distribution of dividend In 2009 an
Page 83 and 84: For Information on compensation, lo
Page 85 and 86: 3. Income statement 2009 2008 CHF 1
Page 87 and 88: 21 SECURITIES TRANSACTIONS 31.12.20
Page 89 and 90: 23A FINANCIAL INSTRUMENTS BY CATEGO
Page 91 and 92: 23B FINANCIAL INSTRUMENTS - FAIR VA
Page 93 and 94: The following table presents the ch
Page 95 and 96: DOMICILE CURRENCY SHARE CAPITAL EQU
Page 97 and 98: Name changes in the companies conso
Page 99 and 100: 26 ACQUISITIONS Purchase of Creinve
Page 101: Out of the total option grant to ma
Page 105 and 106: 104 GAM Holding Ltd. Annual Report
Page 111 and 112: BALANCE SHEET Assets Current assets
Page 113 and 114: NOTES CONTINGENT LIABILITIES 31.12.
Page 115 and 116: COMPENSATION, LOANS AND SHARE AND O
Page 117 and 118: NUMBER OF SHARES NUMBER OF VESTED O
Page 119 and 120: Loans to the members of the Senior
Page 121 and 122: PROPOSED APPROPRIATION OF RETAINED
Page 125 and 126: GAM HOLDING LTD Klausstrasse 10 P.O
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ANNUAL REPORT 2009 - GAM Holding AG

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