LISI 2012 FINANCIAL REPORT
122
7
Information regarding the Company and corporate governance
69 employees outside of France will benefit from bonuses
based on the principles and conditions, but in the form of pay
and salaries.
Plan of 2012:
Acting on the recommendation of the Compensation
Committee, LISI's Board of Directors decided, on October
24, 2012, with the permission of the General Meeting of
April 29, 2009, to allocate performance shares to members
of the Executive Committee and to members of the main
Management Committees for the three LISI Group divisions,
subject to their meeting all or part of certain performance
targets: reaching on December 31, 2014, one criterion, namely
Net Asset Value of at least €900 million. If the Net Asset Value
is between €900m and €1,220 million, the shares would be
allocated in part. If the Net Asset Value is higher than €1,220m,
the shares would be allocated in full. The maximum allocated
number of shares is 52,550 shares and concerns 156 French
employees.
The plan also stipulates that shares thus allocated shall be held
for two years, during which period they may not be sold on.
As far as the corporate officers are concerned, the Board of
Directors decided:
1) In order to receive at maturity all or part of the Performance
Shares to which they are entitled, each of the corporate
officer directors shall, at the end of the acquisition period,
acquire 200 Company shares.
2) The corporate officer directors shall retain 200 of any shares
which may have been allocated to them registered in their
own name, and until the termination of their employment.
52 employees outside of France will benefit from bonuses
based on the principles and conditions, but in the form of pay
and salaries.
c) Information relating to share-purchase options and the
awarding of shares based on performance on December 31,
2012.
The table below shows the information relating to share-
purchase options and performance-based shares outstanding
as at December 31, 2012:
Number
Average
weighted
exercise
price of
options
in €
Options outstanding at year start
104,100
Options allocated during the period
52,850
Options cancelled during the period
(12,915)
Options exercised during the year
(47,185)
37.32
Options that reached maturity during
the period
Options outstanding at year end
96,850
The following table presents information about outstanding stock options by date as at December 31, 2012:
Allotment Date of Options
Exercise price in €
Number of options outstanding at
December 31, 2012
Residual contractual term
07/28/11
None
44,200
02/26/14
10/24/12
None
52,350
February 2015
10/24/12
None
300
February 2015
Total
96,850
