Registration document 2007 - Total.com

11
22) Share subscription options and share purchase options; restricted share grants
TOTAL share subscription options plans
2003 Plan (a) 2004 Plan (b) 2005 Plan (c) 2006 Plan (d) Total
Exercise price until May 23, 2006 (in euros) (e) 33.30 39.85 49.73 -
Exercise price since May 24, 2006 (in euros) (e) 32.84 39.30 49.04 50.60
Expiration date 07/16/2011 07/20/2012 07/19/2013 07/18/2014
Options (f)
Outstanding as of January 1, 2003 - - - - -
Granted 11,741,224 - - - 11,741,224
Cancelled - - - - -
Exercised - - - - -
Outstanding as of January 1, 2004 11,741,224 - - - 11,741,224
Granted - 13,462,520 - - 13,462,520
Cancelled (8,400) (48,000) - - (56,400)
Exercised (3,800) - - - (3,800)
Outstanding as of January 1, 2005 11,729,024 13,414,520 - - 25,143,544
Granted - 24,000 6,104,480 - 6,128,480
Cancelled (10,000) (16,400) (10,400) - (36,800)
Exercised (522,228) (10,800) - - (533,028)
Outstanding as of January 1, 2006 11,196,796 13,411,320 6,094,080 - 30,702,196
Granted - - 134,400 5,727,240 5,861,640
Cancelled (22,200) (57,263) (43,003) (1,080) (123,546)
Arkema spin-off adjustments (g) 163,180 196,448 90,280 - 449,908
Exercised (729,186) (120,133) - - (849,319)
Outstanding as of December 31, 2006 10,608,590 13,430,372 6,275,757 5,726,160 36,040,879
(a) Grants decided by the Board of Directors on July 16, 2003 pursuant to the authorization given by the Shareholders’ Meeting held on May 17, 2001. The options are exercisable only after
a 2-year period from the date the option is granted to the individual employee and must be exercised within 8 years from this date. Underlying shares may not be sold for 4 years from
the date of grant.
(b) Grants decided by the Board of Directors on July 20, 2004 pursuant to the authorization given by the Shareholders’ Meeting held on May 14, 2004. The options are exercisable only after
a 2-year period from the date the option is granted to the individual employee and must be exercised within 8 years from this date. Underlying shares may not be sold for 4 years from
the date of grant.
(c) Grants decided by the Board of Directors on July 19, 2005 pursuant to the authorization given by the Shareholders’ Meeting held on May 14, 2004. The options are exercisable only after
a 2-year period from the date the option is granted to the individual employee and must be exercised within 8 years from this date. Underlying shares may not be sold for 4 years from
the date of grant.
(d) Grants decided by the Board of Directors on July 18, 2006 pursuant to the authorization given by the Shareholders’ Meeting held on May 14, 2004. The options are exercisable only after
a 2-year period from the date the option is granted to the individual employee and must be exercised within 8 years from this date. Underlying shares may not be sold for 4 years from
the date of grant.
(e) Following the four-for-one stock split, the exercise prices of TOTAL share subscription options were multiplied by 0.25. Moreover, following the spin-off of Arkema, the exercise prices of
TOTAL shares subscription options were multiplied by an adjustment factor equal to 0.986147 effective as of May 24, 2006.
(f) Pursuant to the four-for-one stock split on May 18, 2006, the number of options has been adjusted accordingly
(g) Adjustments decided by the Board of Directors on March 14, 2006 following Articles 174-9, 174-12 and 174-13 of Decree n° 67-236 of March 23, 1967 in force at the date of the
Shareholders’ Meeting of TOTAL S.A. held on May 12, 2006, within the framework of the Arkema spin-off. These adjustments were made on May 22, 2006 and effective as of May 24, 2006.
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Appendix 3 - TOTAL S.A.
Parent company’s statutory financial statements
TOTAL - Registration Document 2006