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Share and option ownership of members of the Board of<br />
Directors and the Management Board<br />
As of March 31, 2006, the members of the Board of Directors<br />
held directly and indirectly 7,264,296 shares (10.9% of total share<br />
capital) and 213,000 options.<br />
The following table shows the share and option ownership<br />
of the individual members of the Board of Directors as of March<br />
31, 2006.<br />
Member of the Board of Directors Number of shares Number of options<br />
Andy Rihs 7,239,100 36,000<br />
William D. Dearstyne 10 36,000<br />
Dr. h.c. Daniel Borel 1 36,000<br />
Heliane Canepa 15,010 33,000<br />
Dr. Michael Jacobi 175 36,000<br />
Robert F. Spoerry 10,000 36,000<br />
Total 7,264,296 213,000<br />
As of March 31, 2006, the members of the Management<br />
Board held directly and indirectly 9,389 shares and 607,000<br />
options.<br />
Options<br />
As of March 31, 2006, the members of the Board of Directors<br />
(all non-executive) and the Management Board held 820,000<br />
options on Phonak stock. Each option has a share subscription<br />
ratio of 1:1 (see table on page 30).<br />
The options granted to all employees of the Group (incl.<br />
Board of Directors) in 2005/06 (420,818 options) had a value of<br />
approximately CHF 4.1 million over the term of the options,<br />
as calculated using a binomial option pricing model. The value<br />
of options granted is booked to the income statement. For<br />
further details, we refer to Note 32 on page 80 of the Consolidated<br />
Financial Statements within this report.<br />
Corporate Governance<br />
29
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