Business report  >  Remuneration Report

8. Summary of shares and options held by employees and management as of December 31, 2013

As of December 31, 2013, the Board of Directors, the Group Executive Board and the employees owned a combined total of 338,788 (previous year 370,045) shares, i.e. 0.9% (previous year 1.0%) of the share capital of Geberit AG.

The following table summarizes all option plans in place as of December 31, 2013:

 
End of vesting period Maturity   Number of options outstanding Ø exercise
price
CHF		 Number of options in the money Ø exercise
price
CHF
Vested 2014–2016   29,509 184.88 29,509 184.88
2014 2015–2020   86,834 204.15 86,834 204.15
2015 2016–2020   50,590 229.94 50,590 229.94
2016 2017–2020   66,366 217.35 66,366 217.35
2017 2020   30,595 231.20 30,595 231.20
Total     263,894 213.39 263,894 213.39

 

The following movements took place in 2013 and 2012:

 
    MSOP     MSPP     Total 2013     Total 2012
  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 January 1 207,359 185.93   43,946 183.49   251,305 185.51   266,710 175.17
Granted options 98,204 231.20   8,968 231.20   107,172 231.20   89,529 199.42
Forfeited options 4,569 207.34   55 189.10   4,624 207.12   5,079 175.64
Expired options 0 0   35 146.60   35 146.60   43,420 210.20
Exercised options 67,703 150.32   22,221 177.48   89,924 157.03   56,435 140.60
Outstanding December 31 233,291 214.91   30,603 201.86   263,894 213.39   251,305 185.51
Exercisable at December 31 23,683 185.80   5,826 181.17   29,509 184.88   45,972 168.12

 

The 263,894 options outstanding represent 0.7% of the outstanding shares of Geberit AG. As a basic principle, the Group hedges this exposure with treasury shares.

The options outstanding at December 31, 2013 had an exercise price between CHF 96.50 and CHF 231.20 and an average remaining contractual life of 3.9 years.