Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

Key Figures Group Notes OC Oerlikon Corporation AG, Pfäffikon
Notes to the consolidated financial statements
OC Oerlikon participation plans
On December 31, 2011 the following equity-settled plans were open, pursuant to which the holder is entitled to shares of OC Oerlikon
Corporation AG, Pfäffikon:
Restricted Stock Units (RSU)
Members of the Board of Directors of OC Oerlikon Corporation AG, Pfäffikon receive a portion of their compensation by means of Restricted
Stock Units (RSU) which are allocated on the day of the Annual General Meeting of Shareholders and vest upon the next Annual
General Meeting of Shareholders at which time they are converted into Oerlikon shares. For Directors resigning their mandate prior to the
end of the term, the number of RSU converted into shares is determined at the sole discretion of the Board of Directors. The value of the
RSU per year end is based on the weighted average share price of CHF 6.9.
Members of the Executive Committee receive a portion of their compensation as long-term bonus in the form of Restricted Stock Units
(RSU) for OC Oerlikon Corporation AG, Pfäffikon shares. The number of RSU is a function of a fixed monetary amount and the share price
at the time of vesting but cannot exceed a set limit. The RSU are subject to a vesting period of two years. The value of the RSU per year
end is based on the weighted average share price of CHF 4.2. No RSU were granted to the Executive Committee in 2011.
Members of senior management may receive as portion of their compensation a long-term bonus in the form of Restricted Stock Units
(RSU) for OC Oerlikon Corporation AG, Pfäffikon shares with a vesting period of 3 years. The value of the RSU per year end is based on
a weighted average share price of CHF 8.6. No RSU were granted to the members of senior management in 2011.
Year of Outstanding
allocation on 1.1.
Granted in
2011
Forfeited
in 2011
Exercised Outstanding
in 2011 on 31.12.
Average
share price
in CHF
Expenses for the
period in CHF
million Vesting Period
2009 220 154 – 98 443 121 711 – 4.2 0.1 01.05.09–30.04.11
2009 244 295 – – 3 619 240 676 8.6 0.7 01.05.09–30.04.12
2010 196 565 – – 196 565 – 5.0 0.5 09.06.10–10.05.11
2011 – 145 684 – – 145 684 6.9 0.6 11.05.11–12.04.12
Total 661 014 145 684 98 443 321 895 386 360 1.9
Performance Share Awards (PSA)
Members of the Executive Committee and senior management may receive a portion of their compensation as long-term bonus in the
form of awards for OC Oerlikon Corporation AG, Pfäffikon shares which are based on performance conditions and a vesting period of
three years. Performance conditions may consist of individual and financial objectives. Their achievement determines the effective number
of total Performance Share Awards (PSA). Upon vesting, the effective number of PSA is converted into shares.
Year of Outstanding
allocation on 1.1.
Granted in
2011
Forfeited
in 2011
Exercised Outstanding
in 2011 on 31.12.
Average
share price
in CHF
Expenses for the
period in CHF
million Vesting Period
2008 44 255 – 43 458 797 – 12.3 – 01.05.08–30.04.11
2010 551 309 – 66 844 – 484 465 4.6 1.1 01.05.10–30.04.13
2011 – 626 538 60 820 – 565 718 6.8 0.5 01.05.11–30.04.14
Total 595 564 626 538 171 122 797 1050 183 1.6
Share Options
In previous years, employees could receive a portion of their compensation as options for OC Oerlikon Corporation AG, Pfäffikon with a
blocking period of one, two, three or four years. Holders are entitled to purchase one share for each option held. The value per year end
is based on a Black-Scholes valuation including a weighted average share price of CHF 75. No options have been granted since 2008.
Year of Outstanding
allocation on 1.1.
Granted in
2011
Forfeited
in 2011
Exercised Outstanding
in 2011 on 31.12.
Exercise
price
in CHF
Expenses for the
period in CHF
million Vesting Period
2007 9 282 – – – 9 282 80 – 01.01.08–31.12.13
9 282 – – – 9 282 80 – 01.01.09–31.12.13
9 282 – – – 9 282 80 – 01.01.10–31.12.13
9 282 – – – 9 282 80 – 01.01.11–31.12.13
Total 37 128 – – – 37 128 –
Note 23
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