Annual Report 2009 - Greentown China Holdings Limited

Notes to the Consolidated Financial Statements
For The Year Ended 31 December 2009
35. SHARE-BASED PAYMENT TRANSACTIONS (Continued)
Details of specific categories of options granted in 2009 are as follows:
Date of grant Vesting period Exercise period Exercise price Fair value
2009A 22/1/2009 22/1/2009-21/1/2011 22/1/2009-21/1/2019 HK$2.89 HK$1.19
2009B 13/5/2009 13/5/2009-12/5/2012 13/5/2009-12/5/2019 HK$7.16 HK$3.41
2009C 22/6/2009 22/6/2009-21/6/2011 22/6/2009-21/6/2019 HK$11.00 HK$4.71
2009D 17/7/2009 17/7/2009-16/7/2011 17/7/2009-16/7/2019 HK$11.59 HK$4.17
The closing prices of the Company’s shares on 22 January, 13 May, 22 June and 17 July 2009, the dates of grant,
were HK$2.75, HK$7.16, HK$11.00 and HK$11.52 respectively.
The share options are exercisable during the following periods:
2009A
(i) up to 50% of the share options granted to each grantee from 22 January 2009;
(ii)
(iii)
up to 75% of the share options granted to each grantee at any time after the expiration of 12 months from
22 January 2009; and
all the remaining share options granted to each grantee at any time after the expiration of 24 months from
22 January 2009, and in each case, not later than 21 January 2019.
2009B
(i) up to 33% of the share options granted to each grantee from 13 May 2009;
(ii)
(iii)
up to 67% of the share options granted to each grantee at any time after the expiration of 24 months from
13 May 2009; and
all the remaining share options granted to each grantee at any time after the expiration of 36 months from
13 May 2009, and in each case, not later than 12 May 2019.
2009C
(i) up to 50% of the share options granted to each grantee from 22 June 2009;
(ii)
(iii)
up to 75% of the share options granted to each grantee at any time after the expiration of 12 months from
22 June 2009; and
all the remaining share options granted to each grantee at any time after the expiration of 24 months from
22 June 2009, and in each case, not later than 21 June 2019.
2009D
(i) up to 50% of the share options granted to each grantee from 17 July 2009;
(ii)
(iii)
up to 75% of the share options granted to each grantee at any time after the expiration of 12 months from
17 July 2009; and
all the remaining share options granted to each grantee at any time after the expiration of 24 months from
17 July 2009, and in each case, not later than 16 July 2019.
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Greentown China Holdings Limited Annual Report 2009