technicolor - 2019 Universal registration document
4 CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION
STOCK OPTION PLANS IN EXISTENCE AS OF DECEMBER 31, 2019 (TABLE NO. 8 OF ANNEX 4 TO THE AFEP-MEDEF CORPORATE GOVERNANCE CODE)
Plan MIP 2015
Plan MIP 2016
Plan MIP June 2017
Plan MIP October 2017
Date of Shareholders’ Meeting Date of Board of Directors’ meeting
May 23, 2013 May 23, 2013 June 7, 2013
May 23, 2013 June 20, 2014 October 21, 2014 April 9, 2015
May 23, 2013 June 26, 2015
May 23, 2013 October 19, 2015
October 24, 2013 December 18, 2013 March 26, 2014
Type of options
Subscription 17,188,000
Number of options initially granted, including:
5,145,000
250,000
1,710,000
Number of options granted to Directors and officers (1) : Frédéric Rose before adjustments and performance condition review • Number of options granted to the first ten employee beneficiaries – before adjustments and performance condition review when applicable after adjustments and performance condition review (2) • after 2015 adjustments (2) •
2,685,000 2,786,864 4,345,000
-
-
- -
1,790,000
250,000
1,310,000
4,490,875
1,857,913
259,485
1,310,000
Beginning of the exercise period
May 23, 2015
June 20, 2016 October 21, 2016
June 26, 2017
October 19, 2017
Plan life
8 years
8 years
8 years
8 years
Expiration date
May 23, 2021
June 20, 2022 October 21, 2022 June 20: €6.00 October 21: €5.10 April 9: €6.05
June 26, 2023
October 19, 2023
Exercise price at grant time
May 23: €3.31 June 7: €3.31
June 26: €6.10
October 19: €7.11
October 24: €4.07 December 18: €3.81 March 26: €4.70
Exercise period
50%: May 23, 2015 50%: June 20, 2016 October 21, 2016
50%: June 26, 2017 50%: October 19, 2017
75%: June 20, 2017 October 21, 2017
75%: June 26, 2018 75%: October 19, 2018
75%: May 23, 2016
100%: May 23, 2017 100%: June 20, 2018 October 21, 2018
100%: June 26, 2019
100%: October 19, 2019
Number of shares subscribed as of December 31, 2019 Number of options cancelled since the beginning of the plan Number of options cancelled during the 2019 exercise Number of outstanding options at the end of the exercise (after adjustment) (2)
7,084,221 4,401,467
41,517
-
-
2,091,728 275,056 3,186,485
181,640 25,949 77,845
1,290,000 435,000 420,000
62,277
6,169,401
Exercise price (after adjustments) (2)
May 23: €3.19 June 7: €3.19
June 20: €5.79 October 21: €4.92 April 9: €5.83
June 26: €5.88
October 19: €7.11
October 24: €3.93 December 18: N/A (3) March 26: €4.53
Information provided pursuant to Article L. 225-184 of the French Commercial Code. (1) November 2015 capital share increase adjustment coefficient: 1,037937866. (2) All beneficiaries of this attribution have left the Company. (3)
composed of 424,314,909 ordinary shares, i.e. a 2.38% increase in the
As of December 31, 2019, the total outstanding options under the plans amounted to 9,853,731 subscription options to the benefit of 70 beneficiaries. If all subscription options under the Stock Option Plans mentioned above were exercised, Technicolor’s share capital would be
number of shares from December 31, 2019.
In accordance with Article L. 225-184 of the French Commercial Code, it is noted that no option was exercised in 2019.
TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 136
Made with FlippingBook Learn more on our blog