2013 Registration document and annual financial report - page 151

Registration Document 2013
149
Corporate Governance
3
Interests and Compensation
Lock-up conditions
In accordance with the French Commercial Code and the AFEP/MEDEF Code, when executive officers or other Executive Committee
members purchase shares on exercise of stock options granted since March 22, 2007, a certain proportion of these shares, as set by the
Board of Directors, may not be sold until the grantee either leaves the Accor Group or ceases to hold the position of executive officer or
Executive Committee member, as applicable. The lock-up conditions vary depending on the plan concerned, as shown in the table below.
Table 7: Lock-up conditions for shares purchased on exercise of stock options by executive officers
and other members of the Executive Committee
Plan Grant date Lock-up conditions applicable to executive officers
Lock-up conditions applicable to other
Executive Committee members
Plan 14
Plan 15
Plan 17
Plan 18
03/22/2007
05/14/2007
03/28/2008
09/30/2008
Shares corresponding to the equivalent of 40% of the net
capital gain on the exercised options may not be sold until
the grantee leaves the Accor Group.
Shares corresponding to the equivalent of
25% of the net capital gain on the exercised
options may not be sold until the grantee
leaves the Accor Group.
Plan 19
Plan 20
Plan 21
Plan 22
03/31/2009
04/02/2010
04/02/2010
11/22/2010
Shares corresponding to the equivalent of 40% of the net
capital gain on the exercised options may not be sold until
the grantee ceases to hold an executive officer’s position.
Shares corresponding to the equivalent of
25% of the net capital gain on the exercised
options may not be sold until the grantee
ceases to be a member of the Executive
Committee.
Plan 23
Plan 24
Plan 25
Plan 26
04/04/2011
04/04/2011
03/27/2012
03/27/2012
Shares corresponding to the equivalent of 40% of the net
capital gain on the exercised options may not be sold until
the grantee ceases to hold an executive officer’s position.
However, if the value of the shares exceeds two years
of the grantee’s fixed compensation, the minimum number
of shares locked up following the exercise of stock options
is reduced to the equivalent of 10% of the net capital gain
on the exercised options.
Shares corresponding to the equivalent of
40% of the net capital gain on the exercised
options may not be sold until the grantee
ceases to be a member of the Executive
Committee.
However, if the value of the shares
exceeds two years of the grantee’s fixed
compensation, none of the shares purchased
on exercise of the stock options will be
locked up.
Plan 27 09/26/2013 Shares corresponding to the equivalent of 40% of the net
capital gain on the exercised options may not be sold until
the grantee ceases to be a senior manager of the Accor
Group.
However, if the value of the shares exceeds two years
of the grantee’s fixed compensation, the minimum number
of shares locked up following the exercise of stock options
is reduced to the equivalent of 10% of the net capital gain
on the exercised options.
N/A
Table 8: Stock options granted to and exercised in 2013 by the top ten employee grantees other
than executive officers
Number
of options
Average exercise
price
(in euros)
Options granted in 2013 to the ten employees other than executive officers
who received the largest number of options
-
-
Options exercised in 2013 by the ten employees other than executive officers
who exercised the largest number of options
82,563
18.20
1...,141,142,143,144,145,146,147,148,149,150 152,153,154,155,156,157,158,159,160,161,...344
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