2010Annual Report - Schneider Electric CZ, s.r.o.

Earnings per share
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Dec. 31, 2010
Dec. 31, 2009
Basic
Diluted Basic
Diluted
Profi t before tax 9.03 8.97 4.76 4.75
EARNINGS PER SHARE 6.59 6.55 3.32 3.31
21.4 - Dividends paid and proposed
In 2010, the Group paid out the 2009 dividend of EUR2.05 per
share, for a total of EUR525 million. In 2009, the Group paid out the
2008 dividend of EUR3.45 per share, for a total of EUR837 million.
21.5 - Share-based payments
At the Shareholders’ Meeting of April 21, 2011 shareholders will
be asked to approve a dividend of EUR3.20 per share for 2010.
At December 31, 2010 Schneider Electric SA had distributable
reserves in an amount of EUR257 million (versus EUR322 million at
the previous year-end), not including profi t for the year.
Current stock option and stock grant plans
The Board of Directors of Schneider Electric SA and later the Management Board have set up stock option and stock grant plans for senior
executives and certain employees of the Group. The main features of these plans were as follows at December 31, 2010:
Stock option plans
Date of Board Type of
Plan no.
meeting plan (1)
Starting date
Price Number of options
Options cancelled
because targets
of exercise period Expiration date (in euros) initially granted
not met
18 Mar. 24, 2000 P Mar. 24, 2003 Mar. 23, 2008 65.24 1,421,200 686,600
19 April 4, 2001 S April 4, 2005 April 3, 2009 68.13 1,557,850 N/A (2)
20 Dec. 12, 2001 S Dec. 12, 2005 Dec. 11, 2009 51.26 1,600,000 166,800
21 Feb. 5, 2003 S Feb. 5, 2007 Feb. 4, 2011 45.21 2,000,000 141,900
22 Feb. 5, 2003 S June 5, 2003 Feb. 4, 2011 45.21 111,000 N/A (2)
23 May 6, 2004 S Oct. 1, 2004 May 5, 2012 55.55 107,000 N/A (2)
24 May 6, 2004 S May 6, 2008 May 5, 2012 55.55 2,060,700 94,300
25 May 12, 2005 S Oct. 1, 2005 May 11, 2013 56.47 138,500 N/A (2)
26 June 28, 2005 S June 28, 2009 June 27, 2013 60.19 2,003,800 -
27 Dec. 1, 2005 S Dec. 1, 2009 Nov. 30, 2013 71.40 1,614,900 -
28 Dec. 21, 2006 S or P Dec. 21, 2010 Dec. 20, 2016 81.34 1,257,120 -
29 April 23, 2007 S or P April 23, 2011 April 22, 2017 97.05 83,150 -
30 Dec. 19, 2007 S or P Dec. 19, 2011 Dec. 18, 2017 92.00 944,926 490,463
31 Jan. 5, 2009 S or P Jan. 5, 2013 Jan. 4, 2019 52.12 679,000 -
32 Aug. 21, 2009 S or P Aug. 21, 2013 Aug. 20, 2019 62.61 5,000 -
33 Dec. 21, 2009 S or P Dec. 21, 2013 Dec. 20, 2019 75.84 826,343 -
TOTAL 16,410,489 1,580,063
(1) S = Options to subscribe new shares. P = Options to purchase existing shares.
(2) Not applicable because no vesting conditions were set.
Rules governing the stock option plans are as follows:
• to exercise the option, the grantee must be an employee or
corporate offi cer of the Group. Vesting is also conditional on the
achievement of performance criteria;
• the options expire after eight to ten years;
• the vesting period is three or four years in the United States and
four years in the rest of the world.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 185
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