annual Report 2009 - STRATEC Biomedical AG

Stock option program V (SOP V)
Stock option program V was adopted by the Annual General Meeting on May 20, 2009. The following option rights were
allocated on the basis of this resolution (each option right entitles the bearer to acquire on STRATEC share):
(17) / 1 st tranche of SOP V
On the basis of a contract dated June 26, 2009, 65,000 option rights were granted to members of the Board of Management
of STRATEC AG.
(18) / 2 nd tranche of SOP V
On the basis of a contract dated October 1, 2009, 5,800 option rights were granted to employees of STRATEC AG.
(19) / 3 rd tranche of SOP V
On the basis of a contract dated November 1, 2009, 1,500 option rights were granted to employees of STRATEC AG.
Taking due account of the expected level of personnel turnover, the total value (at the respective date of issue) of the
stock options so far granted to members of the Board of Management and employees of STRATEC AG, as well as to the
management and employees of associates, amounts to u 1,007 thousand (previous year: u 787 thousand).
The total value of the option rights has been spread as personnel expenses over the agreed qualifying periods and has
resulted in an endowment of the same amount in the capital reserve. This led to personnel expenses of u 220 thousand
in the 2009 financial year (previous year: u 164 thousand). Given the consistent, low level of personnel turnover, it has
not been necessary in subsequent periods to adjust the personnel expenses calculated upon the respective rights being
granted.
82 stratec Annual Report 2009