2012 Registration document and annual financial report - BNP Paribas

4CONSOLIDATEDFINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statementsLong-term compensation of BNP Paribas corporate officers in case of a share price riseThe table shows the fair value of the long-term compensation of the Group’s corporate officers at the plans grant date and at 31 December 2012.Originating company BNP Paribas BNP ParibasGrant date 12/04/2011 03/05/2012Due date 12/04/2016 03/05/2017In euros Grant date At 31/12/2012 Grant date At 31/12/2012Baudouin PROT 492,506 410,310 228,565 346,375Jean-Laurent BONNAFÉ 399,744 333,030 311,323 471,789Georges CHODRON DE COURCEL 323,780 269,743 205,132 310,864Philippe BORDENAVE - - 193,561 293,328François VILLEROY DE GALHAU - - 108,421 164,305TOTAL 1,216,031 1,013,083 1,047,002 1,586,6624Holding of shares resulting from the exercise ofstock optionsThe Board of Directors decided that the Chairman of the Board ofDirectors, the Chief Executive Officer and the Chief Operating Officerswere required to hold a quantity of shares resulting from the exercisingof stock options until they stand down from office. For Jean-LaurentBonnafé, this holding requirement is set at 50% of the capital gain netof acquisition realised on options awarded as of 1 September 2008, thedate when he was appointed corporate officer. This holding requirementapplies to Philippe Bordenave and François Villeroy de Galhau for optionsawarded to them as of 1 December 2011. It will be deemed as havingbeen met once the thresholds defined below in respect of holding sharesare reached by means of shares resulting from the exercising of stockoptions.The Board of Directors has decided that Baudouin Prot and GeorgesChodron de Courcel are still required to hold the minimum quantityof shares for the duration of their term of office. This quantity hadpreviously been set at 80, 000 shares for Baudouin Prot and 30, 000 sharesfor Georges Chodron de Courcel. It was also decided that the minimumquantity of shares that Jean-Laurent Bonnafé will be required to hold forthe duration of his term of office will be increased from 30, 000 shares to80, 000 shares, in line with the number of shares set for Baudouin Prot inhis capacity as Chief Executive Officer. Jean-Laurent Bonnafé must complywith this obligation, through the direct ownership of shares or units inthe Company Savings Plan fully invested in BNP Paribas shares, no laterthan by 1 December 2014, that is three years after his appointment asChief Executive Officer.In consideration of their respective compensation, the Board of Directorshas set the minimum quantity of shares that must be held by PhilippeBordenave and François Villeroy de Galhau for the duration of their termof office in the form of shares or units in the Company Savings Plan fullyinvested in BNP Paribas shares. This minimum quantity has been set at30, 000 shares for Philippe Bordenave and 20, 000 shares for FrançoisVilleroy de Galhau. This obligation must be complied with no later than1 December 2016.Remuneration and benefits awarded toemployee-elected directorsTotal compensation paid in 2012 to employee-elected directors basedon their actual attendance amounted to EUR 114, 370 (EUR 155, 426 in2011), excluding directors fees. The total amount of directors’ fees paidin 2012 to employee-elected directors was EUR 82, 058 (EUR 93, 346 in2011). These sums were paid directly to the trade union bodies of thedirectors concerned.Employee-elected directors are entitled to the same death/disabilitycover and the same Garantie Vie Professionnelle Accidents benefits asall BNP Paribas SA employees, as well as healthcare expense coverage.The total amount of premiums paid into these schemes by BNP Paribasin 2012 on behalf of the employee-elected directors was EUR 1, 833(EUR 1, 746 in 2011).The employee-elected directors belong to the defined-contribution planset up for all BNP Paribas SA employees, in accordance with Article 83of the French General Tax Code. The total amount of contributions paidinto this plan by BNP Paribas in 2012 on behalf of these corporate officerswas EUR 738 (EUR 717 in 2011). They are also entitled to top-up bankingindustry pensions under the industry-wide agreement that took effecton 1 January 1994.2062012 Registration document and annual financial report - BNP PARIBAS