MD&A and Financial Statements (PDF) - Banco Itaú

IV - Accounting Effects Arising from Itaú and Unibanco Options
The exercise of stock options, pursuant to the Plan’s regulation, resulted in the sale of preferred shares held in
treasury thus far. The accounting entries related to the plan are recorded during the vesting period, at the
deferral of the fair value of options granted with effect on Income, and during the exercise of options, at the
amount received from the option exercise price, reflected in Stockholders’ Equity.
The effect on Income for the period from January 1 to September 30, 2010 amounted to R$ 82,494 (R$ 85,644
from January 1 to September 30, 2009), as contra-entry to Capital Reserve - Granted Options Recognized -
Law No. 11,638 (Note 16c).
In the Stockholders' Equity, the effect was as follows:
Amount received for the sale of shares – exercised options
(-) Cost of treasury shares sold
(+) Write-off of cost recognized of exercised options
Effect on sale (*)
(*) Recorded in revenue reserves.
303,927
(310,347)
58,490
52,070
Itaú Unibanco S.A. – - September0, 2010 146