Saint Gobain - Registration document 2016

9 FINANCIAL AND ACCOUNTING INFORMATION 1. 2016 Consolidated Financial Statements

performance share rights: The table below shows changes in the number of

restricted stock (i.e., stock subject to a 4-year lock-up), which and, as for the Group Savings Plan, minus the discount on dividends not payable on the shares during the vesting period Saint-Gobain share price on the grant date less the value of The fair value of the performance shares corresponds to the four-year vesting period of the performance shares. share-based payment expense is recognized over the two- or has been estimated at around 30% of the share price. The The expense recorded in the income statement in 2016 in 2015). respect of these plans amounted to €10 million (€8 million in

Number of rights

AT DECEMBER 31, 2014 NUMBER OF PERFORMANCE SHARE RIGHTS

2,102,291

Performance share rights granted in November 2015

500,910

Shares issued/delivered

(237,810)

Lapsed and canceled rights

(13,510)

AT DECEMBER 31, 2015 NUMBER OF PERFORMANCE SHARE RIGHTS

2,351,881

Performance share rights granted in November 2016

1,231,320

Shares issued/delivered*

(583,220)

Lapsed and canceled rights

(196,856)

AT DECEMBER 31, 2016 NUMBER OF PERFORMANCE SHARE RIGHTS

2,803,125

advance under the 2013 and 2014 plans. shares delivered under the 2012 plan and 550 existing shares delivered in Including 217,115 new shares delivered under the 2011 plan, 365,555 existing *

service and performance conditions remaining to be fulfilled: 2016 will be issued/delivered (except in the case of early release following the grantee’s death or disability), along with the The following table shows the expected dates when shares under the four performance share plans outstanding at December 31,

Number of rights at December 31, 2016*

and lock-up period End of vesting

Grant date

Type of shares

November 21, 2013

541,105

November 21, 2017

existing

November 20, 2014

529,790

November 20, 2018

existing

November 26, 2015

500,910

November 26, 2019

existing

November 24, 2016

1,231,320

November 24, 2020

existing

TOTAL

2,803,125

Subject to fulfillment of the service and performance conditions applicable to each plan. *

Performance unit plans b)

was set up in 2016, since all beneficiaries received rights to No long-term payment plan in the form of performance units performance shares (see above). the 2012 plan and 190,969 performance units under that plan En 2016, 345,431 performance units became exercisable under condition was only partly met. lapsed, including 180,038 because the related performance

share price. of which will be determined by reference to the Company’s between four and ten years after the grant date), the amount compensation deferred over the long term (exercise period Performance unit plans subject to service and performance delivery of shares but entitle grantees to receive cash of the Group in France. These plans do not give rise to the certain management-grade employees and senior managers conditions were set up every year between 2012 and 2015 for

The table below shows historical data for the performance unit plans in the process of vesting at December 31, 2016:

granted at inception of plan Number of performance units

at December 31, 2016* Number of performance units

Grant date

Exercised early

November 21, 2013

588,535

17,750

570,785

November 20, 2014

598,400

1,350

597,050

November 26, 2015

556,340

556,340

9

TOTAL

1,743,275

19,100

1,724,175

Subject to fulfillment of the service and performance conditions applicable to each plan. *

The expense recorded in the income statement in respect of these plans in 2016 amounted to €20 million (€14 million in 2015).

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SAINT-GOBAIN - REGISTRATION DOCUMENT 2016