Saint Gobain - Registration document 2016

6 CORPORATE GOVERNANCE

2. Management and Directors’ compensation

Performance unit plans 2.4.4 The Board approved the principle of implementing plan was implemented in 2016. performance unit plans annually from 2012 to 2015, implemented by the Chairman and Chief Executive Officer (with the performance units granted to the latter being approved by the Board of Directors). No performance unit Subject to fulfillment of the service and performance conditions, performance unit plans in place offer grantees the opportunity to receive, over the long term (an exercise period of between four years from the grant date to 10 years from that date), cash compensation for each unit equal to the Saint-Gobain share price on the reference date plus any dividend paid or distribution made from the start of the exercise period up to the reference date. Performance units

constitute an operating expense adjustable each year but creating no shareholder dilution since they do not result in the creation of new shares. The performance criteria applicable to the performance unit plans implemented between 2012 and 2015 are strictly The performance conditions pertaining to the performance units granted by the Group are demanding, as evidenced by the achievement rates of the performance unit plans for which the performance condition has been determined (89.2% for the 2013 plan and 65.5% for the 2012 plan). The following table shows the history of performance unit plans not vested at December 31, 2016 as well as the features of the 2012 plan, which vested in November 2016. identical to those applicable to the performance share plans for the same year.

TABLE 10 BIS – HISTORICAL INFORMATION ABOUT PERFORMANCE UNIT PLANS

Year

2016

2015

2014

2013

2012

Date of Board of Directors’ meeting

N/A

11/26/2015

11/20/2014

11/21/2013

11/22/2012

Total number of units initially granted (4+0)

-

556,340

598,400

588,535

536,400

Of which, units granted to executive Director, P-A. de Chalendar

-

60,000

60,000

60,000

60,000

Starting date of exercise period

-

11/26/2019

11/20/2018

11/21/2017

11/22/2016

Expiry date of performance unit exercise period

-

11/25/2025

11/19/2024

11/20/2023

11/21/2022

17,750 (2)

345,431 (1)

Total number of units that have become exercisable

-

0

1,350 (2)

Total number of units forfeited

-

0

0

61,645 (3)

190,969 (3)

Of which, number of performance units granted to executive Director, P-A. de Chalendar, forfeited

-

0

0

6,480

20,700

597,050 (5)

509,140 (4)

Performance units outstanding

-

556,340 (5)

After taking into account the service and performance conditions. (1) In advance, as part of the exceptions defined for the service condition (in particular death, disability – see section 2.4.2 of this chapter 6). (2) Of which, respectively, 180,038 units of the 2012 plan and 61,645 units of the 2013 plan which were forfeited as a result of the partial fulfillment of the performance (3) conditions. Subject to the fulfilment of the service condition. (4) Subject to the cumulative fulfillment of the service and performance conditions. (5)

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016

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