8. Summary of shares and options held by employees and management as of December 31, 2014

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 December 31, 2014, the Board of Directors, the Group Executive Board and the employees owned a combined total of 340,295 (previous year 338,788) shares, i.e. 0.9% (previous year 0.9%) of the share capital of Geberit AG.

The following table summarizes all option plans in place as of December 31, 2014:

End of vesting period Maturity   Number of
options
outstanding		 Ø exercise
price
CHF		 Number of
options in
the money		 Ø exercise
price
CHF
Vested 2015–2017   30,847 208.06 30,847 208.06
2015 2016–2021   66,615 244.72 66,615 244.72
2016 2017–2021   100,838 241.58 100,838 241.58
2017 2018–2021   66,687 260.06 66,687 260.06
2018 2021   37,928 281.95 37,928 281.95
Total     302,915 247.98 302,915 247.98

 

The following movements took place in 2014 and 2013:

    MSOP     MSPP     Total 2014     Total 2013
  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 1 233,291 214.91   30,603 201.86   263,894 213.39   251,305 185.51
Granted options 127,075 281.95   13,320 281.95   140,395 281.95   107,172 231.20
Forfeited options 16,059 252.65   725 188.73   16,784 249.89   4,624 207.12
Expired options 0 0   0 0   0 0   35 146.60
Exercised options 69,852 197.16   14,738 190.96   84,590 196.08   89,924 157.03
Outstanding December 31 274,455 248.26   28,460 245.33   302,915 247.98   263,894 213.39
Exercisable at December 31 22,433 211.59   8,414 198.65   30,847 208.06   29,509 184.88

 

The options outstanding at December 31, 2014 had an exercise price of between CHF 189.10 and CHF 281.95 and an average remaining contractual life of 4.7 years.