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FINANCIAL INFORMATION
4.2 Consolidated financial statements
4
190
Registration Document 2016 — Capgemini
2014 International Plan
2015 International Plan
Maximum number of shares that may be granted
1,590,639 shares
1,721,759 shares
% of share capital at the date of the Board of Directors’ decision
1%
1%
Total number of shares granted
(1)
1,290,500
(1)
1,068,550
Date of Board of Directors’ decision
July 30, 2014
July 29, 2015
Performance assessment dates
performance condition and two years
for the external performance condition
Three years for the internal
Three years for the
two performance conditions
Vesting period
(other countries)
2 years as from the grant date (France)
or four years as from the grant date
2 years and 7 months as from
the grant date (France) or
4 years as from the grant date
(other countries)
(France only)
Mandatory lock-in period effective as from the vesting date
4 years
3 years
Main market conditions at the grant date
Volatility
■
26.33%
24.54%
Risk-free interest rate
■
0.34% -0.81%
0.10% -0.55%
Expected dividend rate
■
2.31%
1.60%
Other conditions
Performance conditions
■
Yes (see below)
Yes (see below)
Employee presence within the Group at the vesting date
■
Yes
Yes
of shares
Pricing model used to calculate the fair value
with external (market) conditions
Monte Carlo for performance shares
Range of fair values (in euros)
Free shares (per share and in euros)
■
n/a
n/a
Performance shares (per share and in euros)
■
26.46 – 48.26
61.73 – 82.18
Of which corporate officers
29.32
56.66
Number of shares at December 31, 2015
that may vest under the plan in respect of shares
and presence)
previously granted, subject to conditions (performance
1,232,500
1,064,650
o/w to corporate officers
(1)
50,000
(1)
40,000
Change during the period
Number of shares subject to performance and/or presence conditions
granted during the year
-
-
o/w to corporate officers
-
-
Number of shares forfeited or canceled during the year
66,500
21,700
Number of shares vested during the year
(3)
390,750
-
Number of shares at December 31, 2016
previously granted, subject
to conditions (presence only)
that may vest under the plan
in respect of shares
in respect of shares
previously granted, subject
that may vest under the plan
to conditions (performance
and presence)
(2)
776 250
(4)
1,042,950
Weighted average number of shares
1,036,937
1,053,800
Share price at the grant date (in euros)
53.35
87.60