Registration document 2007 - Total.com

Employees, Share Ownership, Stock Options and Restricted
Share Grants
Employees
The tables below set forth the number of employees, by division and geographic location, of the Group (fully consolidated subsidiaries) as
of the end of the periods indicated:
Upstream Downstream Chemicals (a) Corporate Total
2006 14,862 34,467 44,504 1,237 95,070
2005 14,849 34,611 62,214 1,203 112,877
2004 14,597 34,045 61,570 1,189 111,401
Rest Rest
France of Europe of world Total
2006 37,831 26,532 30,707 95,070
2005 48,751 30,140 33,986 112,877
2004 49,174 29,711 32,516 111,401
(a) At December 31, 2006, these figures exclude the employees of Arkema, pursuant to the spin-off of these activities in May 2006.
Arrangements for involving employees in the
capital of the Company
Pursuant to agreements signed on March 15, 2002, as
amended, the Group created a “Total Group Savings Plan”
(PEGT), a “Partnership for Voluntary Wage Savings Plan” (PPESV,
later becoming PERCO) and a “Complementary Company
Savings Plan” (PEC) for employees of the Group’s French
companies. These plans allow investments in a number of mutual
funds including one that invests in Company shares (“TOTAL
ACTIONNARIAT FRANCE”). A “Shareholder Group Savings Plan”
(PEG-A) has also been in place since November 19, 1999 to
facilitate capital increases reserved for employees of the Group’s
French and foreign subsidiaries covered by these plans.
Savings Plans
The various Company Savings plans (PEGT, PEC) and the Group
Savings plan (“Plan d’Épargne Groupe Actionnariat”-(PEG-A)
linked to the capital increase operations reserved for employees,
give the employees of French Group Companies belonging to
these savings plans access to several collective investment plans
(Fonds communs de placement), including a Fund invested in
shares of the Company (“TOTAL ACTIONNARIAT FRANCE”).
For the employees of foreign companies, the capital increases
reserved for employees were conducted under PEG-A through
the “TOTAL ACTIONNARIAT INTERNATIONAL” Fund and the
Caisse Autonome of the Group in Belgium. In addition, U.S.
employees participate in these operations through ADRs and
Italian employees may participate by directly subscribing to new
shares.
Corporate Governance
Employees, Share Ownership, Stock Options and Restricted Share Grants
Employee shareholding
The total number of TOTAL shares held by employees as of
December 31, 2006 is as follows:
5
TOTAL ACTIONNARIAT France 68,675,754
TOTAL ACTIONNARIAT International 15,542,253
ELF PRIVATISATION N°1 1,683,255
Shares held by U.S. employees 1,905,522
Group Caisse Autonome (Belgium) 491,784
TOTAL shares from the exercise of the Company’s
stock options and held as registered
shares within a Company Savings Plan (PEE) 2,530,385
Total shares held by employee shareholder funds 90,828,953
As of December 31, 2006, the employees of the Group held, on
the basis of the definition of employee shareholding contained in
Article L 225-102 of the French Commercial Code, 90,828,953
TOTAL shares, representing 3.74% of the Company’s share
capital on that date.
Capital increase reserved for employees
The shareholders’ meeting held on May 17, 2005 delegated the
Board of Directors the authority to undertake, in one or several
steps, and within a maximum of 26 months, a capital increase
reserved for the employees participating in a Savings Plan.
Pursuant to this delegation of authority, the number of shares to
be issued cannot exceed 1.5% of the capital stock on the day of
the meeting of the Board that decided on the issue. The capital
stock issued will be counted against the overall ceiling for the
capital increase that could be authorized under the same
delegation of authority granted by the shareholders’ meeting held
TOTAL – Registration Document 2006 113