2012 Registration document and annual financial report - BNP Paribas

CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements4➤ PERFORMANCE SHARE PLANSYear to31 Dec. 2012Number of sharesYear to31 Dec. 2011Number of sharesSHARES OUTSTANDING AT 1 JANUARY 2,633,568 1,637,867Shares granted during the period 1,921,935 1,040,450.00Shares vested during the period (351,808) (2,392.00)Shares expired during the period (76,634) (42,357.00)SHARES OUTSTANDING AT 31 DECEMBER 4,127,061 2,633,568➤ SHARES SUBSCRIBED OR PURCHASED BY EMPLOYEES UNDER THE COMPANY SAVINGS PLANYear to31 Dec. 2012Year to31 Dec. 2011Date of plan announcement 3 May 2012 11 May 2011Quoted price of BNP Paribas shares at date of plan announcement (in euros) 30.15 54.23Number of shares issued 4,289,709 6,315,653Subscription price (in euros) 25.00 42.40Five-year risk-free interest rate 1.67% 2.76%Five-year borrowing rate 7.52% 7.63%Fair value-based cost of the mandatory holding period 29.00% 25.14%4In 2012 as in 2011, the discount granted to employees subscribing sharesunder the Company Savings Plan was less than the value of the five-yearmandatory holding period applicable to the shares purchased and theGroup did not recognise an expense in this respect .Of the total number of BNP Paribas Group employees who were offeredthe opportunity of buying shares under the Plan in 2012, 27% acceptedthe offer and 73% turned it down.2012 Registration document and annual financial report - BNP PARIBAS 177