Annual Report 2005/06 THE WORLD OF SOUND - Sonova

Share and option ownership of members of the Board ofDirectors and the Management BoardAs of March 31, 2006, the members of the Board of Directorsheld directly and indirectly 7,264,296 shares (10.9% of total sharecapital) and 213,000 options.The following table shows the share and option ownershipof the individual members of the Board of Directors as of March31, 2006.Member of the Board of Directors Number of shares Number of optionsAndy Rihs 7,239,100 36,000William D. Dearstyne 10 36,000Dr. h.c. Daniel Borel 1 36,000Heliane Canepa 15,010 33,000Dr. Michael Jacobi 175 36,000Robert F. Spoerry 10,000 36,000Total 7,264,296 213,000As of March 31, 2006, the members of the ManagementBoard held directly and indirectly 9,389 shares and 607,000options.OptionsAs of March 31, 2006, the members of the Board of Directors(all non-executive) and the Management Board held 820,000options on Phonak stock. Each option has a share subscriptionratio of 1:1 (see table on page 30).The options granted to all employees of the Group (incl.Board of Directors) in 2005/06 (420,818 options) had a value ofapproximately CHF 4.1 million over the term of the options,as calculated using a binomial option pricing model. The valueof options granted is booked to the income statement. Forfurther details, we refer to Note 32 on page 80 of the ConsolidatedFinancial Statements within this report.Corporate Governance29