9. Summary of shares and options held by employees and management as of 31 December 2019

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

Geberit is committed to a vigilant management of equity dilution. As of 31 December 2019, the Board of Directors, the Group Executive Board and the employees owned a combined total of 372,600 (previous year 386,381) shares, i.e. 1.0% (previous year 1.0%), of the share capital of Geberit AG.

The following table summarises all option plans in place as at 31 December 2019*:

End of vesting period	Maturity	Number of options outstanding	Ø exercise price CHF	Number of options in the money	Ø exercise price CHF
Vested	2020–2026	117,637	311.78	117,637	311.78
2020	2023–2027	76,187	398.75	76,187	398.75
2021	2024–2028	139,186	416.12	139,186	416.12
2022	2025–2028	160,422	412.59	160,422	412.59
2023	2028	34,420	432.20	34,420	432.20
Total		527,852	390.33	527,852	390.33
This table also includes options under participation plans from earlier years that have different terms and vesting conditions.

The following movements took place in 2019 and 2018*:

	MSOP		MSPP		Total 2019		Total 2018
	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	461,881	373.39	46,063	382.21	507,944	374.19	473,375	351.52
Granted options	114,435	406.75	10,278	406.75	124,713	406.75	116,779	432.20
Forfeited options	7,012	534.74	246	416.61	7,258	530.74	25,390	398.31
Expired options	0	0	0	0	0	0	0	0
Exercised options	85,752	324.36	11,795	331.75	97,547	325.25	56,820	293.37
Outstanding 31 December	483,552	389.35	44,300	401.06	527,852	390.33	507,944	374.19
Exercisable at 31 December	99,437	299.76	18,200	377.43	117,637	311.78	143,895	293.39
This table also includes options under participation plans from earlier years that have different terms and vesting conditions.

The options outstanding at 31 December 2019 had an exercise price of between CHF 231.20 and CHF 435.95 and an average remaining contractual life of 6.4 years.

* The number of options expected to be allocated with final effect at the end of the vesting period depends on target achievement (average ROIC) and has been calculated on the basis of expected target achievement.

9. Summary of shares and options held by employees and management as of 31 December 2019

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