2013-vinci-annual-report

5.2 Share subscription option plans
5.2.1 Existing option plans
a) General information
Under the authorisations given by the Shareholders’ General Meeting, VINCI’s Board of Directors decided to set up share subscription option
plans, details of which are given in the following table.
Record of granting of share subscription options (1)
Plan Date Original number
Including shares
originally granted to Date In 2013 At 31/12/2013
Exercise
price
REPORT OF THE BOARD OF DIRECTORS 153
Shareholders’
General
Meeting
Board
meeting
Beneficiaries
Company
(2)
Options
From
Top 10
employee
beneficiaries
officers (2) (3) (2) (4)
which
options
may be
exercised
Of expiry
of
options
Number
of
options
exercised
Number
of options
cancelled or
expired
Options
not
exercised
Number of
remaining
beneficiaries
Adjusted
exercise
price
(in €)
VINCI 2003 14/05/03 11/09/03 126 5,608,000 1,400,000 1,296,000 11/09/05 11/09/13 432,151 5,168 – – 15.04
VINCI 2004 14/05/03 07/09/04 142 6,344,000 1,640,000 1,420,000 07/09/06 07/09/14 607,677 – 819,995 40 20.18
VINCI 2006 No. 1 14/05/03 09/01/06 8 2,630,000 1,850,000 780,000 09/01/08 09/01/13 834,100 – – – 35.58
VINCI 2009 14/05/09 31/08/09 1,582 3,865,000 – 228,180 15/09/12 15/09/16 877,089 6,050 2,836,452 1,225 38.37
VINCI 2010 14/05/09 09/07/10 1,735 4,234,595 – 243,348 09/07/13 09/07/17 80,661 42,492 3,951,407 1,630 36.70
VINCI 2011 02/05/11 02/05/11 266 1,592,493 – 243,346 02/05/14 02/05/18 5,000 15,265 1,546,778 255 43.70
VINCI 2012 (5) 02/05/11 12/04/12 302 2,457,980 – 336,015 12/04/15 12/04/19 3,500 21,378 2,414,937 294 39.04
Total options 26,732,068 4,890,000 4,546,889 2,840,178 90,353 11,569,569 2,025 37.36
(1) Only those plans for which the exercise period has not expired or expired in 2013 are mentioned.
(2) Original number adjusted for the May 2005 and May 2007 two-for-one share splits but not adjusted for the increase in share capital in April 2006.
(3) Company officers serving at the time of granting.
(4) Not company officers.
(5) The definitive number of options granted will be set on the basis of performance criteria.
Note: one option gives the right to subscribe to one VINCI share; option plans set up prior to 2009 are subject to annual vesting by thirds over a three-year period as from the grant date for the options.
Total number of shares that can be subscribed to or purchased by the executive company officer at 31 December 2013
Executive company officer Plan Exercise price (in €) Expiry Type Number of shares
Xavier Huillard VINCI 2004 20.18 07/09/2014 Subscription 32,052
Total 32,052
5.2.2 Options granted in 2013
The Board of Directors decided not to set up a new share subscription option plan in 2013.
5.2.3 Options exercised in 2013
a) General information
Between 1 January and 31 December 2013, 2,840,178 options were exercised. During this same period, 90,353 options were cancelled or
expired.
Taking all these elements into account, a total of 11,569,569 options remained to be exercised at 31 December 2013, at an average exercise
price of €37.36, all of which were subscription options.
b) Exercise of options by the executive company officer
In 2013, Mr Xavier Huillard, Chairman and Chief Executive Officer, exercised the following options:
Share subscription and purchase options exercised during the year
Number of shares
Plan
Date of corresponding
meeting of the Board
of Directors
Type
Number of options
exercised
during the year Exercise price (in €)
Xavier Huillard VINCI 2006 09/01/2006 Subscription 205,434 35.58
Xavier Huillard VINCI 2004 07/09/2004 Subscription 25,000 20.18
Total/weighted average 230,434 33.91