IC Companys – Annual Report 2008/09 0 - IC Companys A/S

The stock options were issued at an exercise price equivalent to DKK 154.50 with an added 5% per annum calculated
from 15 April 2005. Unexercised stock options from one year cannot be transferred to subsequent years.
The options may only be settled in shares. A part of the Company’s holding of treasury shares is reserved for settlement
of the options granted.
Specification of out standing stock options
Executive Board
(no. of options)
Other executives
(no. of options)
Number of options
in total
Average exercise
price per option
(DKK)
Outstanding at 1 July 2007 160,000 - 160,000 171.6
Exercised (40,000) - (40,000) 335.0
Lapsed due to termination of employment (60,000) (2,288) (62,288) 180.2
Issued in the financial year 130,000 237,769 367,769 285.9
Transfered 12,302 (12,302) -
342.6
Outstanding at 30 June 2008 202,302 223,179 425,481
270.7
Expired/lapsed (40,000) - (40,000) 189.8
Lapsed due to termination of employment - (51,176) (51,176) 359.6
Issued in the financial year 60,000 - 60,000 143.4
Transfered 9,051 (9,051) 0
359.6
Outstanding at 30 June 2009 231,353 162,952 394,305
262.6
Number of options that are exercisable at 30 June 2009 - - - -
Financial year Outstanding
Exercise price per
option (DKK) Exercise period
Executive board 2004/05 20,000 154.5 + 5 % pa. 01.10.06 – 31.10.09
Other executives 2007/08 162,952 329.4 + 5 % pa. 01.10.10 – 31.10.13
Executive board 2007/08 21,353 329.4 + 5 % pa. 01.10.10 – 31.10.13
Executive board 2007/08 130,000 180.0 + 5 % pa. 01.10.08 – 31.10.13
Executive board 2008/09 30,000 163.0 + 5% pa. 01.10.09 – 31.10.11
Executive board 2008/09 30,000 113.0 + 5% pa. 01.10.09 – 31.10.11
Total stock options 394,305
In the financial year 2008/09, no stock options were exercised (average share price of exertion in 2007/08: DKK
335.0).
In 2008/09, the fair value of the warrants recognised in the consolidated income statement amounted to DKK
3.3 million (2007/08: DKK 2.8 million). In 2008/09, the fair value of the warrants recognised in the Parent Company’s
income statement amounted to DKK 2.7 million (2007/08: DKK 1.5 million).
The exercise period of stock options granted to the Executive Board in 2008/09 is a period of 30 days from the
release of the Company’s Annual Report from the autumn of 2009 to the autumn of 2011. The overall plan can
be exercised by 20,000 stock options in the autumn of 2009, 20,000 stock options in the autumn of 2010 and
20,000 in the autumn of 2011.
The exercise period of stock options granted to the Executive Board in 2007/08 is a period of 30 days from the
release of the Company’s Annual Report from the autumn of 2008 to the autumn of 2013. The overall plan can
be exercised by 40,000 in the autumn of 2009, 30,000 stock options in the autumn of 2010 and the remaining
60,000 stock options can be exercised by 1/3 in each of the subsequent years.
The exercise period for the stock options granted to Executive Board is 4 weeks from the autumn of 2010 to the
autumn of 2013 after the release of the Company’s Annual Report.
The exercise period of stock options granted in 2004/05 is a period of 30 days from the release of the Company’s
Annual Report from the autumn 2006 to the autumn of 2009. The entire plan can be exercised by 20,000 in the
autumn of 2009.
No stock options programmes have been granted, in which the stock options could be settled by net cash.
IC Companys – Årsrapport 2008/09
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