Connect - Schneider Electric

5 CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL
21.5 – Share-based payments
Current stock option and stock grant plans
The Board of Directors of Schneider Electric SA and later the Management Board have set up stock option and stock grant plans for senior
executives and certain employees of the Group. The main features of these plans were as follows at December 31, 2011:
Stock option plans
Date of Board Type of
Plan no.
meeting plan (1)
Number of Options cancelled
Starting date
options initially because targets not
of exercise period Expiration date Price (in euros) granted
met
18 Mar. 24, 2000 P Mar. 24, 2003 Mar. 23, 2008 32.62 2,842,400 1,373,200
19 April 4, 2001 S April 4, 2005 April 3, 2009 34.06 3,115,700 N/A (2)
20 Dec. 12, 2001 S Dec. 12, 2005 Dec. 11, 2009 25.63 3,200,000 333,600
21 Feb. 5, 2003 S Feb. 5, 2007 Feb. 4, 2011 22.60 4,000,000 283,800
22 Feb. 5, 2003 S June 5, 2003 Feb. 4, 2011 22.60 222,000 N/A (2)
23 May 6, 2004 S Oct. 1, 2004 May 5, 2012 27.77 214,000 N/A (2)
24 May 6, 2004 S May 6, 2008 May 5, 2012 27.77 4,121,400 188,600
25 May 12, 2005 S Oct. 1, 2005 May 11, 2013 28.23 277,000 N/A (2)
26 June 28, 2005 S June 28, 2009 June 27, 2013 30.09 4,007,600 -
27 Dec. 1, 2005 S Dec. 1, 2009 Nov. 30, 2013 35.70 3,229,800 -
28 Dec. 21, 2006 S or P Dec. 21, 2010 Dec. 20, 2016 40.67 2,514,240 -
29 April 23, 2007 S or P April 23, 2011 April 22, 2017 48.52 166,300 -
30 Dec. 19, 2007 S or P Dec. 19, 2011 Dec. 18, 2017 46.00 1,889,852 980,926
31 Jan. 5, 2009 S or P Jan. 5, 2013 Jan. 4, 2019 26.06 1,358,000 -
32 Aug. 21, 2009 S or P Aug. 21, 2013 Aug. 20, 2019 31.30 10,000 -
33 Dec. 21, 2009 S or P Dec. 21, 2013 Dec. 20, 2019 37.92 1,652,686 -
TOTAL 32,820,978 3,160,126
(1) S = Options to subscribe new shares. P = Options to purchase existing shares.
(2) Not applicable because no vesting conditions were set.
Rules governing the stock option plans are as follows:
• to exercise the option, the grantee must be an employee or
corporate offi cer of the Group. Vesting is also conditional on the
achievement of performance criteria;
184 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
• the options expire after eight to ten years;
• the vesting period is three or four years in the United States and
four years in the rest of the world.