technicolor - 2018 Registration document

6 FINANCIAL STATEMENTS NOTE 9 EMPLOYEE BENEFIT

As of December 31, 2018, the outstanding share rights under the plans amounts to 2,338,278, 3,538,543 and 607,000 performance shares rights for respectively LTIP 2016, LTIP 2017 and LTIP 2018.

As of December 31, 2018, the total number of outstanding stock options amounted to a maximum of 10,652,013 options and the total number of rights to receive shares amounted to 6,483,821 rights granted to employees and Directors.

The details of these options and shares are disclosed hereafter.

Number of options outstanding

Estimated fair values granted (2)

Number of options initially granted

Initial number of beneficiaries

Contractual option life

Exercise price (2)

Type of plan Subscription options Subscription options

Grant date

Vesting date

April 30, 2013 for France June 17, 2014 for other countries

MIP Options*

June 17, 2010 1,216,700 (1)

0

18

8 years

€6.29

€2.22

May 2015 (50%) May 2016 (25%) May 2017 (25%) May 2015 (50%) May 2016 (25%) May 2017 (25%) May 2015 (50%) May 2016 (25%) May 2017 (25%) June 2016 (50%) June 2017 (25%) June 2018 (25%) October 2017 (25%) October 2018 (25%) October 2016 (50%) October 2017 (25%) October 2018 (25%) October 2016 (50%)

MIP 2015 Options**

May 23, 2013 and June 7, 2013

16,398,000

6,060,418

94

8 years

€3.19

€1.06

MIP 2015 Options**

Subscription options

October 24, 2013

200,000

103,794

1

8 years

€3.93

€1.40

MIP 2015 Options**

Subscription options

March 26, 2014

215,000

67,466

2

8 years

€4.53

€1.73

MIP 2016 Options**

Subscription options

June 20, 2014 2,830,000

1,886,462

40

8 years

€5.79

€1.82

MIP 2016 Options**

Subscription options

October 21, 2014

1,915,000

1,159,903

24

8 years

€4.92

€1.45

MIP 2016 Options**

Subscription options

April 9, 2015

400,000

415,176

1

8 years

€5.83

€1.88

June 2017 (50%) June 2018 (25%) June 2019 (25%)

MIP June 2017 Options**

Subscription options

June 26, 2015

250,000

103,794

2

8 years

€5.88

€1.91

October 2017 (50%) October 2018 (25%) October 2019 (25%)

MIP October 2017 Options**

Subscription options

December 3, 2015

1,710,000

855,000

22

8 years

€7.11

€2.27

Performance shares Performance shares Performance shares Performance Performance shares Performance shares Performance shares Performance shares Performance shares

2016 LTIP***

April 29, 2016 2,760,500

2,162,221

187

April 2019

-

-

€5.69

2016 LTIP***

July 27, 2016 October 20, 2016

66,000

39,739

12

April 2019

-

-

€5.47

2016 LTIP***

214,000

136,318

18

April 2019

-

-

€5.14

2017 LTIP***

shares January 6, 2017

162,000

135,643

10

April 2020

-

-

€3.78

2017 LTIP***

March 9, 2017

4,003,000

3,117,664

218

April 2020

-

-

€3.78

2017 LTIP***

April 26, 2017

200,000

200,000

1

April 2020

-

-

€4.33

2017 LTIP***

July 26, 2017

142,500

85,236

15

April 2020

-

-

€3.38

2018 LTIP***

April 25, 2018

307,000

307,000

2

April 2021

-

-

€1.27

2018 LTIP***

June 25, 2018

330,000

300,000

12

April 2021

-

-

€1.27

Mid-Term Incentive Plan (MIP-SP1) (see description above). * Management Incentive Plans (MIP) (see description above). ** Long-Term Incentive Plan (LTIP) (see description above). *** Maximum potential number. (1) Exercise prices and number of options outstanding were modified following the 2015 capital increases. (2)

232

TECHNICOLOR REGISTRATION DOCUMENT 2018