sain t-gobain annu al report 2008 annual report

4. Stock options granted to the Chairman and the Chief Executive Officer during the year
Plan date
Options exercisable
for new or existing
shares
Value (based on method
used to prepare the consolidated
financial statements)
Number of options
granted during the
year
Exercise
price
Exercise
period
Jean-Louis BEFFA Nov. 20, 2008 Not specified 457,500 75,000 €28.62 Nov. 21, 2012 –
Nov. 19, 2018
Pierre-André
de CHALENDAR
Nov. 20, 2008 Not specified 1,067,500 175,000 €28.62 Nov. 21, 2012 –
Nov. 19, 2018
All of the options granted to the Chairman and the Chief Executive Officer are subject to performance conditions, as follows:
• No options will vest if 2011 ROCE is less than 11%
• Half of the options will vest if 2011 ROCE is equal to 11%
• All of the options will vest if 2011 ROCE exceeds 13%
• If 2011 ROCE is between 11% and 13%, the number of vested options will be determined by applying the following formula:
Number of vested options = Number of options granted x (2011 ROCE – 11%)/(13%-11%)
5. Options exercised during the year by the Chairman and the Chief Executive Officer
Plan date
Options exercisable
for new or existing
shares
Jean-Louis BEFFA 0
Pierre-André
de CHALENDAR
Number
of options exercised
during the year
0
Exercise
price
6. Performance shares granted to the Chairman and the Chief Executive Officer
Performance shares granted
by the General Meeting to
Plan date
Number of shares
granted during
the year
Value (based on
method used
to prepare the
consolidated financial
statements)
End of vesting
period
End of
lock-up
period
Performance
conditions
Jean-Louis BEFFA 0
Pierre-André de CHALENDAR 0
104
7. Performance shares granted to the Chairman and Chief Executive Officer
for which the lock-up period ended during the year
Performance shares for
which the lock-up period ended
during the year
Plan date
Jean-Louis BEFFA 0
Pierre-André de CHALENDAR 0
Number of shares for which
the lock-up period ended
during the year
Performance conditions
Saint-Gobain - 2008 Annual Report