Universal Registration Document 2021
4 CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION
Plan MIP 2015
Plan MIP 2016
Plan MIP June 2017
Plan MIP October 2017
Date of Shareholders’ Meeting Performance Conditions and beginning date of exercibility
May 23, 2013
May 23, 2013
May 23, 2013
May 23, 2013
Generation of consolidated Free Cash Flow
Generation of consolidated Free Cash Flow
Generation of consolidated Free Cash Flow
Generation of consolidated Free Cash Flow
Tranche 1
for fiscal year 2014 equal or greater than €100 million for fiscal year 2015 equal or greater than €100 million for fiscal year 2016 equal or greater than €100 million
50%: May 23, 2015
for fiscal year 2015 equal or greater than €100 million for fiscal year 2016 equal or greater than €100 million for fiscal year 2017 equal or greater than €75 million
50%: June 20, 2016 October 21, 2016 75%: June 20, 2017 October 21, 2017 100%: June 20, 2018 October 21, 2018
for fiscal year 2016 equal or greater than €100 million for fiscal year 2017 equal or greater than €75 million for fiscal year 2018 equal or greater than €100 million
50%: June 26, 2017
for fiscal year 2016 equal or greater than €240 million for fiscal year 2017 equal or greater than €260 million for fiscal year 2018 equal or greater than €320 million
50%: October 19, 2017 75%: October 19, 2018 100%: October 19, 2019
Tranche 2
75%: May 23, 2016
75%: June 26, 2018
100%: June 26, 2019
Tranche 3
100%: May 23, 2017
256,288
1,538
-
-
Number of shares subscribed as of December 31, 2021 (after adjustments) (2)(3) Number of options cancelled since the beginning of the plan (after adjustments) (2)(3) Number of options cancelled during the 2021 exercise (after adjustments) (2)(3) Number of outstanding options at the end of the exercise (after adjustments) (2)(3) Exercise price (after adjustments) (2)(3)
397,605
131,082
6,728
54,258
161,734
41,330
0
0
-
64,408
2,884
9,076
May 23, 2013: €86.13 June 7, 2013: €86.13 October 24, 2013: €106.11 December 18, 2013: N/A (4) March 26, 2013: €122.31
June 20, 2014: €156.33 October 21, 2014: €132.84 April 9, 2015: €157.41
June 26, 2015: €158.76 October 19, 2015: €191.97
Information provided pursuant to Article L. 225-184 of the French Commercial Code. (1) November 2015 - capital share increase - adjustment coefficient: 1,037937866. (2) 2020 reverse share split - adjustment coefficient: 27 (Number of options before/after adjustment divided by 27 rounded to the superior unit - Exercise price of the options before/after adjustment (3) multiplied by 27 rounded to the superior decimal). All beneficiaries of this attribution have left the Company. (4) As of December 31, 2021, the total outstanding options under the plans amounted to 76,368 subscription options to the benefit of 33 beneficiaries. If all subscription options under the Stock Option Plans mentioned above were exercised, Technicolor’s share capital would be composed of 235,900,923 ordinary shares, i.e. a 0.03% increase in the number of shares from December 31, 2021. In accordance with Article L. 225-184 of the French Commercial Code, it is noted that no option was granted nor exercised in 2021.
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