La banque d'un monde qui change 2004 - BNP Paribas

NOTE 36STOCK OPTION PLANS1 - BNP PARIBAS UNEXPIRED STOCK OPTION PLANSPlan year Date of EGM at which Date of Board Meeting at which Number of Number ofplan was authorised the plan terms were decided grantees options granted2001 (1) (2) 23 May 2000 15 May 2001 932 6,069,0002002 (2) 23 May 2000 31 May 2002 1,384 2,158,5702003 (3) 23 May 2000 21 March 2003 1,302 6,693,0002004 (3) 23 May 2000 24 March 2004 1,458 1,779,850(1) The numbers of options and exercise prices have been adjusted for the two-for-one share-split which took place on 20 February 2002.(2) The options are subject to vesting conditions related to the ratio between consolidated net income and average shareholders’ equity for each of the years concerned.The minimum average ratio is 16% over the four years from the year of grant or over a rolling three-year period starting in the second year after the year of grant.(3) The vesting rules applicable to a portion of the options granted to employees are based in part on BNP Paribas share performance in relation to the Dow Jones EuroStoxx Bank index.2 - BNP UNEXPIRED STOCK OPTION PLANS (1)Plan year Date of EGM at which Date of Board Meeting at which Number of Number ofplan was authorised the plan terms were decided grantees options granted1997 14 May 1993 22 May 1997 64 476,0001998 14 Dec. 1993 13 May 1998 259 2,074,0001999 13 May 1998 3 May 1999 112 670,0001999 (2) 13 May 1998 22 May 1999 642 5,064,0002000 (2) 13 May 1998 7 April 2000 1,214 1,754,200(1) The numbers of options and exercise prices have been adjusted for the two-for-one share split which took place on 20 February 2002.(2) Plans concerning the employees of the two groups, BNP and Paribas, prior to their merger. The options vested only in the event that no payments were due in respectof the Contingent Value Rights Certificates attached to the shares issued at the time of the BNP-Paribas merger (see note 22).3 - PARIBAS UNEXPIRED STOCK OPTION PLANSPlan year Originating Date of EGM at which Date of Board Meeting Number of Adjusted numbercompany plan was authorised at which the plan grantees of options granted (1)terms were decidedParibas SA and merged subsidiaries1997 CFP 27 May 1992 20 Jan. 1997 526 5,178,206CFP 27 May 1992 7 July 1997 4 77,125CB 26 April 1997 30 Sept. 1997 149 615,608CFP 25 April 1997 26 Dec. 1997 319 6,370,5451998 Paribas 11 May 1998 17 Nov. 1998 975 7,255,3771999 Paribas 24 April 1997 4 May 1999 1 30,850Fully consolidated subsidiary of Paribas1997 Cetelem 27 March 1997 22 Sept. 1997 117 332,893CB: Compagnie BancaireCFP: Compagnie Financière Paribas(1) Number of options and exercise price expressed in BNP Paribas shares and calculated after the two-for-one share-split which took place on 20 February 2002:- For Compagnie Bancaire, Compagnie Financière Paribas and Banque Paribas, based on the following conversion rates: 9 Paribas shares for 5 Compagnie Bancaire shares,1 Paribas share for 1 Compagnie Financière Paribas share, 1 Paribas share for 1 Banque Paribas share, 3.085 BNP Paribas shares for 1 Paribas share.- For Cetelem, which is fully consolidated, the number of options and exercise price are expressed in BNP Paribas shares calculated after the exchange: 1.791 Paribas shares for 1 Cetelem share,and 3.085 BNP Paribas shares for 1 Paribas share.260BNP PARIBAS - ANNUAL REPORT 2004