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66
INFORMATION ABOUT ANF
Corporate governance
TABLE 8: HISTORY OF STOCK OPTION ALLOCATIONS
Date of the Extraordinary
Shareholders’ Meeting
ANF • 2009 ANNUAL REPORT
2007 plan* 2008 plan** 2009 plan
May 4, 2005 May 14, 2008 May 14, 2008
Date of the Executive Board’s decision December 17, 2007 December 19, 2008 December 14, 2009
Total number of shares that
may be purchased
112,160* 133,248** 158,500
Of which the number of shares that
may be purchased by corporate
offi cers
Of which granted to corporate offi cers:
88,584* 104,938** 131,000
• Bruno Keller 59,143* 64,477** 80,000
• Xavier de Lacoste Lareymondie 26,509* 31,876** 38,500
• Brigitte Perinetti (1) 2,932* 3,616** 4,000
• Ghislaine Seguin - 4,970** 8,500
Of which top 10 employee recipients: 23,576* 28,310** 25,500
Option exercise from The options may be exercised once
vested
The options may be exercised once
vested
The options may be exercised once
vested
Expiry date December 17, 2017 December 19, 2018 December 14, 2019
Purchase or subscription price €42.14*
This price equals the average
listed price of the ANF share
over the twenty market sessions
between November 16, 2007 and
December 13, 2007 that preceded
the date of the Executive Board
meeting held to decide on the
allocation of stock options and that
takes into account the adjustments
made by the Executive Board on
December 1, 2008.
Terms of exercise Vesting of options by tranche:
• the fi rst third of options
will be vested after a period
of two years, i.e. on
December 17, 2009;
• the second third of options
will be vested after a period
of three years, i.e. on
December 17, 2010;
• the last third of options
will be vested after a period
of four years,
i.e. on December 17, 2011.
Number of shares purchased at
December 31, 2008
Total number of stock options
cancelled or forfeited
Stock options remaining at the end of
the year
- -
€27.53*
This price equals the average
listed price of the ANF share
over the twenty market sessions
between November 21, 2008 and
December 18, 2008 that preceded
the date of the Executive Board
meeting held to decide on the
allocation of stock options.
Vesting of options by tranche:
• the fi rst third of options
will be vested after a period
of two years, i.e. on
December 19, 2010;
• the second third of options
will be vested after a period
of three years, i.e. on
December 19, 2011;
• the last third of options
will be vested after a
period of four years, i.e. on
December 19, 2012.
The exercise of stock options granted
under the 2008 Plan is subject to
certain performance conditions.
- - -
112,160* 133,248** 158,500
€31.96*
This price equals the average
listed price of the ANF share
over the twenty market sessions
between November 16, 2009 and
December 11, 2009 that preceded
the date of the Executive Board
meeting held to decide on the
allocation of stock options.
Vesting of options by tranche:
• the fi rst third of options
will be vested after a
period of two years, i.e. on
December 14, 2011;
• the second third of options
will be vested after a period
of three years, i.e. on
December 14, 2012;
• the last third of options
will be vested after a
period of four years, i.e. on
December 14, 2013.
The exercise of stock options
granted under the 2009 Plan is
subject to certain performance
conditions (see below).
* The features of the 2007 plan presented in the table take into account the adjustments made by the Executive Board on December 1, 2008 and July 27, 2009.
** The features of the 2008 plan presented in the table take into account the adjustments made by the Executive Board on July 27, 2009.
(1) Brigitte Perinetti resigned from her duties as member of the Executive Board with effect from March 19, 2010.
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