3.5 Stock options and share awards held by and granted to Governing Bodies
3.5.1 Stock options
Stock options outstanding, as granted since the merger of Adia and Ecco in 1996, exercised by, lapsed from, and held by the members of Governing Bodies in office as of December 31, 2010 and as of December 31, 2009, are presented in the following tables (no stock options were granted since 2004):
As of December 31, 2010
Year of grant | Last year of expiry detail |
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Federico Vione | Christian Vasino | Strike price (CHF) | Granted | Exercised | Lapsed | Held by | Held by | |
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Stock options held |
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2003 | 2012 | 2012 | 78.50 | 6,500 | 3,200 | 1,500 | 800 | 1,000 |
As of December 31, 2009
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Year of grant | Mark | Enrique | Federico | Christian | Strike price | Granted | Exercised | Lapsed | Held by | Held by | Held by | Held by |
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Stock options held | ||||||||||||
2001 | 2010 | 2010 | 2010 |
| 85.27 | 38,000 | 2,600 | 27,800 | 1,600 | 5,000 | 1,000 |
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2002 | 2010 |
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| 60.00 | 100,000 | 80,000 |
| 20,000 |
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2003 |
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| 2012 | 2012 | 78.50 | 6,500 | 3,200 | 1,000 |
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| 800 | 1,500 |
One option entitles the holder to purchase one Adecco S.A. share under the conditions as outlined in the respective plan.
Options shown as “held” in the tables above are included as part of the total options outstanding presented in the table appearing in the Corporate Governance Report, section 2.7 “Convertible notes and options” and Note 9 “Stock-based compensation” to the consolidated financial statements.
For additional information on stock options, refer to the Corporate Governance Report, section 2.7 “Convertible notes and options”.
Share awards as of December 31, 2010 granted on March 16, 2010 under the LTIP:
| RSU awards | TSR awards [1] | Total |
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Patrick De Maeseneire | 25,106 | 20,277 | 45,383 |
Total Executive Committee | 90,135 | 72,801 | 162,936 |
[1]Split into relative TSR, absolute TSR, and additional TSR awards (one third each).
Share awards as of December 31, 2010 and as of December 31, 2009 granted on March 16, 2009, and April 1, 2009 under the LTIP:
| EPS awards [1] | TSR awards | Total |
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Patrick De Maeseneire [2] | 22,500 | 22,500 | 45,000 |
Total Executive Committee | 80,912 | 128,945 | 209,857 |
[1]For EPS awards refer to the description of the long-term incentive plan for the awards granted in 2009 as described on pages 189 and 190 of the Annual Report 2009.
[2]Special conditions: grant date April 1, 2009, vesting of 58% of the awards granted is guaranteed, subject to continued employment.