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FINANCIAL INFORMATION
4.4 2016 Financial statements
4
242
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
Three years for the internal
performance condition and two years
for the external performance
condition
Three years for the two
performance conditions
Vesting period
date (other countries)
2 years as from the grant date
(France) or 4 years as from the grant
as from the grant date (other
countries)
2 years and 7 months as from
the grant date (France) or 4 years
Mandatory lock-in period effective as from the vesting date
(France only)
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
Pricing model used to calculate the fair value of shares
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
previously granted, subject to conditions
(performance and presence)
that may vest under the plan in respect of shares
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
65,500
21,700
Number of shares vested during the year
(3)
390,750
-
Number of shares at December 31, 2016
that may vest under the plan in
subject to conditions (presence only)
respect of shares previously granted,
respect of shares previously
granted, subject to conditions
that may vest under the plan in
(performance and presence)
(2)
776,250
(4)
1,042,950
Diluted weighted average number of shares
1,036,937
1,053,800
Share price at the grant date (in euros)
53.35
87.60