Annual Report 2010/11 - Sonova
Annual Report 2010/11 - Sonova
Annual Report 2010/11 - Sonova
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140<br />
30. Employee share option and share purchase plans<br />
Starting February 2005, the Group launched an annual Executive Equity Award Program (EEAP). The Executive Equity Award<br />
Plan is offered annually to the Board of Directors (BoD), to the Management Board (MB) as well as to management and<br />
senior employees of other Group companies, entitling them to receive options, warrants, share appreciation rights (SARs),<br />
warrant appreciation rights (WARs), and/or shares/restricted share units (RSus) free of charge. The amount of options,<br />
warrants, SARs, WARs, and/or shares/RSus granted varies depending on the degree of management responsibility held.<br />
The following share-based payment costs have been recognized in the financial years<br />
1,000 CHF <strong>2010</strong>/<strong>11</strong> 2009/10<br />
Equity-settled share-based payment costs 18,238 14,688<br />
Cash-settled share-based payment costs 1,314 768<br />
Total share-based payment costs 19,552 15,456<br />
The following table shows an overview of the outstanding options/warrants/WARs/SARs, granted as part of the EEAP<br />
programs 2007 to 20<strong>11</strong>.<br />
Summary of outstanding options/warrants/WARs/SARs granted until March 31, 20<strong>11</strong>:<br />
Financial year Plan participants Grant date/<br />
Expiry date<br />
2006/07<br />
Equity-settled<br />
2006/07<br />
Equity-settled<br />
2006/07<br />
Equity-settled<br />
2006/07<br />
Cash-settled<br />
2007/08<br />
Equity-settled<br />
Options granted to<br />
BoD, MB and key<br />
employees outside CH<br />
Options granted to<br />
BoD, MB and key<br />
employees in CH<br />
Options granted<br />
to former CEO<br />
SARs granted to key<br />
employees in the USA<br />
Warrants granted to<br />
BoD, MB and key<br />
employees 1)<br />
2007/08 WARs granted to key<br />
Cash-settled employees in the USA1) 2007/08 WARs granted to key<br />
Cash-settled employees in the USA1) Warrants granted to<br />
2008/09<br />
BoD, MB and key<br />
Equity-settled<br />
employees1) 2008/09<br />
Equity-settled<br />
Options granted<br />
to former CEO<br />
Granted Exercise<br />
price<br />
01.02.2007<br />
31.01.2012 91,235 95.05<br />
01.03.2007<br />
29.02.2012 228,480 95.05<br />
01.10.2007<br />
30.09.2012 500,000 95.05<br />
01.02.2007<br />
31.01.2012 31,600 95.05<br />
01.02.2008<br />
28.02.2013 341,824 96.00<br />
01.02.2008<br />
28.02.2013<br />
01.02.2008<br />
29,400 96.00<br />
31.05.2013 15,000 96.00<br />
01.02.2009<br />
28.02.2014 479,860 56.00<br />
01.02.2009<br />
31.05.2012 160,000 56.00<br />
Vesting conditions Outstanding Average<br />
remaining<br />
life (years)<br />
Exercisable<br />
4 equal tranches,<br />
vest annually over<br />
4 years<br />
4 equal tranches,<br />
vest annually over<br />
21,9<strong>11</strong> 0.8 21,9<strong>11</strong><br />
4 years<br />
4 equal tranches,<br />
vest annually over<br />
98,795 0.9 98,795<br />
4 years<br />
4 equal tranches,<br />
vest annually over<br />
292,600 1.5 192,600<br />
4 years<br />
4 equal tranches,<br />
vest annually over<br />
13,600 0.8 13,600<br />
4 years<br />
4 equal tranches,<br />
vest annually over<br />
182,031 1.9 <strong>11</strong>4,474<br />
4 years<br />
1 tranche, vesting<br />
14,450 1.9 7,500<br />
01.06.20<strong>11</strong><br />
4 equal tranches,<br />
vest annually over<br />
15,000 2.2<br />
4 years<br />
4 equal tranches,<br />
vest annually over<br />
4 years, 1. vesting<br />
296,092 2.9 106,302<br />
date 01.03.2012 40,000 1.2
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