TECHNICOLOR_REGISTRATION_DOCUMENT_2017
- 6 FINANCIAL STATEMENTS
Notes to the consolidated financial statements
The details of these options and shares are disclosed hereafter.
Number of options initially granted
Initial number of bene- ficiaries
Number of options outstanding
Estimated fair values granted (2)
Contractual option life
Exercise price (2)
Type of plan Subscription options
Grant date
Vesting date
MIP Options*
June 17, 2010 1,216,700 (1)
805,476
18 April 30, 2013 for France
8 years
€6.29
€2.22
June 17, 2014 for other countries
MIP 2015 Options**
Subscription options
May 23, 2013 and June 7, 2013
16,398,000 6,483,034
94 May 2015 (50%)
8 years
€3.19
€1.06
May 2016 (25%) May 2017 (25%) May 2015 (50%) May 2016 (25%) May 2017 (25%) May 2015 (50%) May 2016 (25%) May 2017 (25%)
MIP 2015 Options**
Subscription options
October 24, 2013 200,000 103,794
1
8 years
€3.93
€1.40
MIP 2015 Options**
Subscription options
March 26, 2014 215,000
67,466
2
8 years
€4.53
€1.73
MIP 2016 Options**
Subscription options
June 20, 2014 2,830,000 2,203,037
40 June 2016 (50%)
8 years
€5.79
€1.82
June 2017 (25%) June 2018 (25%)
MIP 2016 Options**
Subscription options
October 21, 2014 1,915,000 1,331,163
24 October 2016 (50%) October 2017 (25%) October 2018 (25%) 1 October 2016 (50%) October 2017 (25%) October 2018 (25%) 2 June 2017 (50%)
8 years
€4.92
€1.45
MIP 2016 Options**
Subscription options
April 9, 2015 400,000 415,176
8 years
€5.83
€1.88
MIP June 2017 Options**
Subscription options
June 26, 2015 250,000 103,794
8 years
€5.88
€1.91
June 2018 (25%) June 2019 (25%)
MIP October 2017 Options**
Subscription options
December 3, 2015 1,710,000 1,050,000
22 October 2017 (50%)
8 years
€7.11
€2.27
October 2018 (25%) October 2019 (25%)
2016 LTIP*** Performance shares 2016 LTIP*** Performance shares 2016 LTIP*** Performance shares 2017 LTIP*** Performance shares 2017 LTIP*** Performance shares 2017 LTIP*** Performance shares 2017 LTIP*** Performance shares
April 29, 2016 2,760,500 2,356,187
187
April 2019
-
-
€5.69
July 27, 2016
66,000 60,000
12
April 2019
-
-
€5.47
October 20, 2016 214,000 189,000
18
April 2019
-
-
€5.14
January 6, 2017
162,000 142,000
10
April 2020
-
-
€3.78
March 9, 2017 4,003,000 3,802,545
218
April 2020
-
-
€3.78
April 26, 2017 200,000 200,000
1
April 2020
-
-
€4.33
July 26, 2017
142,500 118,500
15
April 2020
-
-
€3.38
Mid-Term Incentive Plan (MIP-SP1) (see description above). *
Management Incentive Plans (MIP) (see description above). ** Long-Term Incentive Plan (LTIP) (see description above). *** Maximum potential number. (1) Exercise prices and number of options outstanding were modified following the 2015 capital increases. (2)
237
TECHNICOLOR
REGISTRATION DOCUMENT 2017
Made with FlippingBook Annual report