Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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5<br />
TOTAL stock options awarded to Mr. Thierry Desmarest, Chairman of the Board of TOTAL S.A.<br />
1998 Plan 1999 Plan 2000 Plan 2001 Plan 2002 Plan 2003 Plan 2004 Plan 2005 Plan 2006 Plan <strong>Total</strong><br />
Purchase Purchase Purchase Purchase Purchase Subscription Subscription Subscription Subscription<br />
Type of options options options options options options options options options options<br />
Expiration date March 17, June 15, July 11, July 10, July 9, July 16, July 20, July 19, July 18,<br />
Initial exercise price<br />
2006 <strong>2007</strong> 2008 2009 2010 2011 2012 2013 2014<br />
(in euros)<br />
Exercise price until<br />
93.76 113.00 162.70 168.20 158.30 133.20 159.40 198.90 -<br />
May 23, 2006 (in euros) (a) Exercise price from<br />
23.44 28.25 40.68 42.05 39.58 33.30 39.85 49.73 -<br />
May 24, 2006 (in euros) (a) Options awarded by<br />
the Board (before taking<br />
into account the<br />
- 27.86 40.11 41.47 39.03 32.84 39.30 49.04 50.60<br />
four-for-one stock split) (b) Options awarded by<br />
the Board (after taking<br />
into account the<br />
30,000 40,000 50,000 75,000 60,000 60,000 60,000 60,000 240,000<br />
four-for-one stock split) (b) Options outstanding<br />
120,000 160,000 200,000 300,000 240,000 240,000 240,000 240,000 240,000 1,980,000<br />
as of January 1, 2006 (b) Options exercised up to<br />
- 24,000 52,000 300,000 240,000 176,000 240,000 240,000 - 1,272,000<br />
May 23, 2006 (b) Adjustment related to<br />
- (24,000) (52,000) (120,000) - - - - - (196,000)<br />
the Arkema spin-off (c) Options awarded after<br />
- - - 2,532 3,372 2,476 3,372 3,372 - 15,124<br />
May 24, 2006<br />
Options exercised after<br />
- - - - - - - - 240,000 240,000<br />
May 24, 2006<br />
Options outstanding as of<br />
- - - (80,000) - (116,000) - - - (196,000)<br />
December 31, 2006 - - - 102,532 243,372 62,476 243,372 243,372 240,000 1,135,124<br />
(a) To take into account the four-for-one stock split, the exercise price of stock options has been divided by four. In addition, to take into account the Arkema spin-off, the exercise price of<br />
stock options was multiplied by an adjustment ratio of 0.986147, effective as of May 24, 2006.<br />
(b) The number of options awarded, outstanding or exercised up to May 23, 2006 has been multiplied by four to take into account the four-for-one stock split approved by TOTAL’s<br />
shareholders’ meeting on May 12, 2006.<br />
(c) Adjustments approved by the Board on March 14, 2006 pursuant to Articles 174-9, 174-12 and 174-13 of Decree n° 67-236 dated March 23, 1967 in effect at the time of the Board<br />
meeting as well as at the time of the shareholders’ meeting of TOTAL S.A. on May 12, 2006, related to the spin-off of Arkema. The adjustments were made on May 22, 2006 and became<br />
effective on May 24, 2006.<br />
120<br />
Corporate Governance<br />
Employees, Share Ownership, Stock Options and Restricted Share Grants<br />
TOTAL – <strong>Registration</strong> Document 2006