Integrated Annual Report 2015
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8. Summary of shares and options held by employees and management as of 31 December 2015

This section has been audited as part of the Financial Notes to the Consolidated Statements of Geberit Group.

Geberit is committed to a vigilant management of equity dilution. As of 31 December 2015, the Board of Directors, the Group Executive Board and the employees owned a combined total of 357,850 (previous year 340,295) shares, i.e. 0.9% (previous year 0.9%) of the share capital of Geberit AG.

The following table summarises all option plans in place as of 31 December 2015:

End of vesting period Maturity   Number of
options
outstanding
Ø exercise
price
CHF
Number of
options in
the money
Ø exercise
price
CHF
Vested 2016–2021   49,223 232.22 49,223 232.22
2016 2017–2022   109,962 254.97 96,743 242.10
2017 2020–2022   91,060 288.83 62,884 261.81
2018 2021–2022   68,663 311.27 40,486 281.95
2019 2022   28,176 349.15 0 0
Total     347,084 279.07 249,336 251.59

 

The following movements took place in 2015 and 2014:

    MSOP     MSPP     Total 2015     Total 2014
  Number
of options
Ø exercise
price
  Number
of options
Ø exercise
price
  Number
of options
Ø exercise
price
  Number
of options
Ø exercise
price
    CHF     CHF     CHF     CHF
Outstanding 1 January 274,454 248.26   28,460 245.33   302,914 247.98   263,893 213.39
Granted options 85,131 349.15   12,616 349.15   97,747 349.15   140,395 281.95
Forfeited options 1,111 247.29 15 221.23   1,126 246.95   16,784 249.89
Expired options 0 0   0 0   0 0   0 0
Exercised options 46,263 232.60   6,188 217.77   52,451 230.85   84,590 196.08
Outstanding 31 December 312,211 278.09   34,873 287.80   347,084 279.07   302,914 247.98
Exercisable at 31 December 41,440 232.93   7,783 228.46   49,223 232.22   30,847 208.06

 

The options outstanding at 31 December 2015 had an exercise price between CHF 192.85 and CHF 349.15 and an average remaining contractual life of 4.6 years.