8. Summary of shares and options held by employees and management as of 31 December 2017

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 2017, the Board of Directors, the Group Executive Board and the employees owned a combined total of 362,011 (previous year 353,688) 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 of 31 December 2017:

End of vesting period Maturity Number of options outstanding Ø exercise price CHF Number of options in the money Ø exercise price CHF
Vested 2018–2023 130,426 282.31 130,426 282.31
2018 2021–2024 73,781 319.79 70,230 313.92
2019 2022–2026 70,294 361.09 66,743 357.11
2020 2023–2027 82,242 397.91 42,161 361.75
2021 2024–2027 80,102 398.88 40,021 361.75
2022 2027 36,530 435.95 0 435.95
Total 473,375 351.52 349,581 321.62

The following movements took place in 2017 and 2016:

    MSOP     MSPP     Total 2017     Total 2016
  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 364,838 314.35   37,877 309.68   402,715 313.91   347,084 279.07
Granted options 109,590 435.95   14,204 435.95   123,794 435.95   131,219 361.75
Forfeited options 1,920 361.87   67 305.66   1,987 359.97   3,269 296.03
Expired options 0 0   0 0   0 0   0 0
Exercised options 45,651 258.34 5,496 268.04 51,147 259.38   72,319 233.25
Outstanding 31 December 426,857 351.34   46,518 353.09   473,375 351.52   402,715 313.91
Exercisable at 31 December 114,128 280.71   16,298 293.21   130,426 282.31   86,867 260.16

The options outstanding at 31 December 2017 had an exercise price of between CHF 231.20 and CHF 435.95 and an average remaining contractual life of 6.1 years.