LOREAL_Registration_Document_2017
Stock Market Information Share capital LONG-TERM INCENTIVE PLANS *
CHANGE IN THE NUMBER OF BENEFICIARIES OF STOCK OPTIONS AND ACAS SINCE 2008
2,177
2,092
2,079 2,038
1,903
1,978 1,943
1,037
557
195
381
Beneficiaries of SO Beneficiaries of SO + ACAs Beneficiaries of ACAs
439
434
88 1
0
2017
2008 2009 2010 2011 2012 2013 2014 2015 2016
STOCK OPTION PLANS FOR THE SUBSCRIPTION AND PURCHASE OF L’ORÉAL 6.4.2. PARENT COMPANY SHARES No stock options for the purchase or subscription of shares were granted in 2017, as the Board of Directors has decided since 2012, on the proposal of the Human Resources and Remuneration Committee, to replace the grant of stock options with ACAs for all beneficiaries including the Chairman and Chief Executive Officer.
Current stock option plans for the subscription of L’Oréal parent company shares (1) 6.4.2.1. The main features of the plans that existed at 31 December 2017, are included in the tables set out hereafter:
6
AGM authorisation date
24.04.2007 25.03.2009
16.04.2009 27.04.2010
22.04.2011 22.04.2011
Date of Board of Directors’ meeting
Total number of beneficiaries
634
815
89
Total number of shares that may be subscribed or purchased
3,650,000
4,200,000
1,470,000
Of which may be subscribed or purchased by the executive officers (2) : Mr. Jean-Paul Agon s
0 (3)
400,000
200,000 (4) 23.04.2016 22.04.2021
Start date for exercise of the options
26.03.2014 25.03.2019 50.11 (S) 3,083,852 3,083,852
28.04.2015 27.04.2020 80.03 (S) 2,658,680 2,658,680
Date of expiry
Subscription or acquisition price (€)
83.19 (S) 627,993 627,993 234,000 608,007
Number of stock options exercised at 31.12.2017
Of which subscribed
Total number of share subscription or purchase options that have been cancelled or lapsed
233,000 333,148
248,700
Number of share subscription or purchase options remaining year-end
1,292,620
There are no share subscription option plans at subsidiaries of L’Oréal. (1) This is the number of stock options granted to the executive officer during his term of office within the scope of each of the above-mentioned plans. Mr. Jean-Paul Agon has (2) been an executive officer since April 2006. As Mr. Jean-Paul Agon informed the Board of Directors that he did not wish to be granted any share subscription options with respect to 2009, he did not receive any stock (3) option under the plan dated 25 March 2009. The Board of Directors’ meeting of 22 April 2011 allocated 400,000 share subscription options to Mr. Jean-Paul Agon. Mr. Agon waived the right to 200,000 of these (4) options. He therefore benefits from 200,000 stock options under the plan decided by the Board of Directors at its meeting of 22 April 2011. There were 2,233,775 outstanding options granted by the 31 December 2017, at an average price of €76.43, namely Board of Directors within the scope of the authorisations voted 0.40% of the 560,519,088 shares making up the share capital at by the Annual General Meetings and not yet exercised at such date.
REGISTRATION DOCUMENT / L'ORÉAL 2017
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