Summary of Changes in the Plan Vesting Restated Exercised options Number of shares Granting period Exercise Exercise Exercise price Market value Prior balance To be exercised Nº Date until Deadline Price (R$1) Weighted average Weighted average 12/31/2009 Granted Exercised Cancelled at 09/30/2010 Simple Options 9th 03/10/2003 12/31/2007 12/31/2010 - 7.84 38.54 570,500 - 570,500 - - 9th 05/02/2005 12/31/2007 12/31/2010 8.11 - - 6,187 - - - 6,187 10th 02/16/2004 12/31/2008 12/31/2011 12.26 12.12 39.15 1,886,792 - 1,089,975 - 796,817 11th 02/21/2005 12/31/2009 12/31/2012 17.25 16.49 38.87 7,082,200 - 3,355,155 - 3,727,045 11th 08/01/2005 12/31/2009 12/31/2012 17.25 - - 27,500 - - - 27,500 11th 08/06/2007 12/31/2009 12/31/2012 17.25 - - 11,357 - - - 11,357 12th 02/21/2006 12/31/2010 12/31/2013 25.66 25.33 38.21 9,579,384 - 806,100 - 8,773,284 12th 08/06/2007 12/31/2010 12/31/2013 25.66 - - 15,867 - - - 15,867 13th 02/14/2007 12/31/2011 12/31/2014 32.66 31.61 38.07 10,220,925 - 1,240,250 - 8,980,675 13th 08/06/2007 12/31/2011 12/31/2014 32.66 - - 30,649 - - - 30,649 13th 10/28/2009 12/31/2011 12/31/2014 32.66 - - 45,954 - - - 45,954 14th 02/11/2008 12/31/2012 12/31/2015 37.67 - - 11,485,485 - - - 11,485,485 14th 05/05/2008 12/31/2012 12/31/2015 37.67 - - 20,625 - - - 20,625 14th 10/28/2009 12/31/2012 12/31/2015 37.67 - - 45,954 - - - 45,954 15th 03/03/2009 12/31/2013 12/31/2016 24.64 24.36 37.77 16,829,780 - 359,020 - 16,470,760 15th 10/28/2009 12/31/2013 12/31/2016 24.64 - - 45,954 - - - 45,954 16th 09/02/2003 09/02/2008 02/25/2010 - 7.77 36.03 38,263 - 38,263 - - 16th 08/10/2009 12/31/2010 12/31/2014 29.18 - - 874,167 - - - 874,167 17th 09/23/2009 09/23/2012 12/31/2014 33.71 - - 29,551 - - - 29,551 18th 04/17/2010 12/31/2014 12/31/2017 40.02 - - - 6,258,877 - 39,565 6,219,312 18th 05/11/2010 12/31/2014 12/31/2017 40.02 - - - 1,290,289 - 48,904 1,241,385 24th 07/19/2004 01/13/2009 05/05/2010 - 12.58 39.59 29,516 - 29,516 - - 25th 08/04/2004 01/13/2009 05/05/2010 - 6.76 39.65 329,506 - 329,506 - - 27th 02/01/2005 02/01/2009 05/05/2010 - 15.76 36.92 206,342 - 206,342 - - 27th 02/01/2005 05/05/2009 01/31/2011 16.06 - - 12,650 - - - 12,650 27th 02/01/2005 02/01/2010 01/31/2011 16.06 15.76 36.92 1,068,901 - 988,670 52,710 27,521 29th 09/19/2005 09/19/2009 09/18/2010 - 20.14 38.33 12,650 - 12,650 - - 29th 09/19/2005 09/19/2010 09/18/2011 20.38 20.14 38.33 25,300 - 12,650 - 12,650 30th 07/04/2006 07/04/2009 07/03/2010 - 26.73 32.50 52,710 - 52,710 - - 30th 07/04/2006 07/04/2010 07/03/2011 26.89 - - 52,710 - - - 52,710 30th 07/04/2006 07/04/2011 07/03/2012 26.89 - - 52,707 - - - 52,707 33rd 08/30/2006 08/30/2009 08/29/2010 - 29.62 38.45 21,084 - 21,084 - - 33rd 08/30/2006 08/30/2010 08/29/2011 - 29.62 38.45 21,084 - 21,084 - - 33rd 08/30/2006 08/30/2011 08/29/2012 29.78 - - 21,083 - - - 21,083 34th 03/21/2007 03/21/2010 03/20/2011 33.93 - - 75,901 - - - 75,901 34th 03/21/2007 03/21/2011 03/20/2012 33.93 - - 75,901 - - - 75,901 34th 03/21/2007 03/21/2012 03/20/2013 33.93 - - 75,901 - - - 75,901 35th 03/22/2007 03/22/2010 03/21/2011 33.89 - - 29,518 - - - 29,518 35th 03/22/2007 03/22/2011 03/21/2012 33.89 - - 29,518 - - - 29,518 35th 03/22/2007 03/22/2012 03/21/2013 33.89 - - 29,514 - - - 29,514 36th 05/14/2008 05/14/2011 05/13/2012 42.16 - - 25,301 - - - 25,301 36th 05/14/2008 05/14/2012 05/13/2013 42.16 - - 25,300 - - - 25,300 36th 05/14/2008 05/14/2013 05/13/2014 42.16 - - 25,300 - - - 25,300 TOTAL 18.21 38.40 61,145,491 7,549,166 9,133,475 141,179 59,420,003 Bonus Options 1st 09/03/2007 09/03/2010 - - - 37.85 342,502 - 340,340 2,162 - 1st 09/03/2007 09/03/2012 - - - - 342,479 - - 7,572 334,907 3rd 02/29/2008 09/03/2010 - - - - 33,474 - - 33,474 - 3rd 02/29/2008 09/03/2012 - - - - 33,474 - - - 33,474 4th 03/03/2008 03/03/2011 - - - - 423,212 - - 6,725 416,487 4th 03/03/2008 03/03/2013 - - - - 423,190 - - 7,260 415,930 5th 09/03/2008 09/03/2011 - - - - 502,189 - - 8,819 493,370 5th 09/03/2008 09/03/2013 - - - - 502,164 - - 9,292 492,872 6th 03/06/2009 03/06/2012 - - - - 769,830 - - 23,561 746,269 6th 03/06/2009 03/06/2014 - - - - 769,807 - - 24,292 745,515 7th 06/19/2009 03/06/2012 - - - - 79,446 - - - 79,446 7th 06/19/2009 03/06/2014 - - - - 79,445 - - - 79,445 8th 08/17/2010 08/16/2013 - - - - - 384,961 - - 384,961 8th 08/17/2010 08/16/2015 - - - - - 384,920 - - 384,920 9th 08/30/2010 08/16/2013 - - - - - 359,991 - - 359,991 9th 08/30/2010 08/16/2015 - - - - - 359,962 - - 359,962 10th 09/30/2010 09/29/2013 - - - - - 1,940,987 - - 1,940,987 10th 09/30/2010 09/29/2015 - - - - - 1,940,951 - - 1,940,951 11th 09/30/2010 08/16/2013 - - - - - 17,717 - - 17,717 11th 09/30/2010 08/16/2015 - - - - - 17,712 - - 17,712 TOTAL - 37.85 4,301,212 5,407,201 340,340 123,157 9,244,916 TOTAL SIMPLE AND BONUS OPTIONS 18.21 38.38 65,446,703 12,956,367 9,473,815 264,336 68,664,919 <strong>Itaú</strong> Unibanco S.A. – - September0, 2010 144
III – Fair Value <strong>and</strong> Economic Assumptions for Cost Recognition ITAÚ UNIBANCO HOLDING recognizes, at the granting date, the fair value of options through the Binomial method for simple options <strong>and</strong> the Black & Scholes method for bonus options. Economic assumptions used are as follows: Granting Nº Date Vesting period Exercise period until Fair value Expected dividends Risk-free interest rate Expected volatility Simple Options 18th 04/17/2010 12/31/2014 12/31/2017 12.22 3.13% 5.94% 29.87% 18th 5/11/2010 12/31/2014 12/31/2017 11.45 3.13% 5.98% 29.94% Bonus Options 8th 08/17/2010 08/16/2013 - 34.72 3.13% - - 8th 08/17/2010 08/16/2015 - 32.62 3.13% - - 9th 08/30/2010 08/16/2013 - 33.49 3.13% - - 9th 08/30/2010 08/16/2015 - 31.46 3.13% - - 10th 09/30/2010 09/29/2013 - 36.85 3.13% - - 10th 09/30/2010 09/29/2015 - 34.61 3.13% - - 11th 09/30/2010 08/16/2013 - 36.99 3.13% - - 11th 09/30/2010 08/16/2015 - 34.74 3.13% - - <strong>Itaú</strong> Unibanco S.A. – - September0, 2010 145
Change language