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118 Group Financial Statements Notes Th e options outstanding at the end of the year have the following conditions: Conditions for Stock Options (RTL Group) Number of Number of options options Exercise price (in thousands) (in thousands) Expiry date in € 2009 2008 August 2010 120.00 6 6 December 2010 85.24 118 123 May 2011 85.24 1 1 125 130 On December 31, 2009, RTL Group shares closed on the Brussels Stock Exchange at €47. Métropole Télévision (M6) Employee Stock Option Plan Métropole Télévision has established an employee stock option plan open for directors and certain employees within the M6 Group. Th e number of options granted to participants is Th e terms and conditions of the grants are as follows, and all options are exercised by the physical delivery of shares: Grant date Number of options initially granted (in thousands) Stock option plans determined by the Board of Directors of Métropole Télévision, in accordance with the authorization given by the General Meeting of Shareholders. Remaining options (in thousands) Vesting conditions Contractual life of options 1) June 2002 710.50 0.00 4 years of service 7 years July 2003 713.50 421.00 4 years of service 7 years November 2003 20.00 20.00 4 years of service 7 years April 2004 861.50 527.00 4 years of service 7 years June 2005 635.50 421.50 4 years of service 7 years June 2006 736.75 504.25 4 years of service 7 years May 2007 827.50 651.50 4 years of service 7 years May 2008 Free share plans 883.83 793.73 4 years of service 7 years May 20072) 188.30 0.00 2 years of service + performance conditions May 20082) 2 years of service + 280.72 200.76 performance conditions July 20092) 2 years of service + 346.70 344.20 performance conditions December 20092) 2 years of service + 45.65 45.65 performance conditions Total 6,250.45 3,929.59 ¹ ) The contractual term of the options corresponds to the exercise condition (i. e., four years of service) plus three years (correspond to the period in which the options can be exercised). ² ) The maximum number of free shares granted if the performance conditions are significantly exceeded would amount to 456,705. Such number could be reduced to zero if objectives are not met. Bertelsmann Annual Report 2009
Company | Group Management Group Financial | Corporate Governance | Report of the | Boards/Mandates | Additional Information Report Statements Supervisory Board Income Statement Statement of Comprehensive Income Balance Sheet Cash Flow Statement Statement of Changes in Equity Notes Th e price to be paid to exercise each of the remaining options is the average value of shares in Métropole Télévision on the Paris Stock Exchange over the 20 trading days preceding the Th e table below shows the change in stock options in the year under review: Bertelsmann Annual Report 2009 issue date with the exception of the free-share allocation plan for management. Options (M6) Average 2009 Average 2008 exercise price exercise price in thousands in € per share in € per share Options outstanding at the beginning of the year 23 4,083 25 3,791 Options granted during the year – – 25 884 Options expired during the year 25 (744) 28 (592) Options outstanding at the end of the year 22 3,339 23 4,083 Approximately 591,000 free shares are still exercisable at yearend compared to 448,000 at the beginning of the year. 392,000 Th e exercise terms for the stock options outstanding at the end of the year are as follows: free shares were granted in the course of the year. Of these, 112,000 were exercised and 138,000 forfeited. Conditions for Stock Options (M6) Exercise price Number Number of in € of options options (in thousands) (in thousands) Expiry date Stock option plans 2009 2008 2009 28.06 – 393 2010 22.53 441 477 2011 24.97 527 567 2012 19.94 421 459 2013 24.60 504 584 2014 27.52 652 732 2015 14.73 794 871 Free share plans 3,339 4,083 2009 – 171 2010 201 277 2011 390 – 591 448 Options outstanding at the end of the year 3,930 4,531 of which exercisable 1,943 1,401 On December 31, 2009, M6 shares closed on the Paris Stock Exchange at €17.97. 119
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Annual Report 2009 Digitization Inn
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Bertelsmann at a Glance Key Figures
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Corporate Divisions at a Glance RTL
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Content 8 - 23 175 Years of Bertels
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1835 1921 1950 1967
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