9. Summary of shares and options held by employees and management as of 31 December 2018

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 2018, the Board of Directors, the Group Executive Board and the employees owned a combined total of 386,381 (previous year 362,011) 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 2018:

End of vesting period Maturity Number of options outstanding Ø exercise price CHF Number of options in the money Ø exercise price CHF
Vested 2020–2024 146,974 296.63 143,635 293.39
2019 2022–2026 68,248 363.69 62,430 357.09
2020 2023–2027 77,238 398.78 38,575 361.75
2021 2024–2028 109,865 410.33 36,027 361.75
2022 2025–2028 70,175 433.93 0 433.93
2023 2028 35,444 432.20 0 432.20
Total 507,944 374.19 280,667 325.73

The following movements took place in 2018 and 2017:

    MSOP     MSPP     Total 2018     Total 2017
  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 426,857 351.34   46,518 353.09   473,375 351.52   402,715 313.91
Granted options 107,331 432.20   9,448 432.20   116,779 432.20   123,794 435.95
Forfeited options 24,736 399.08   654 369.40   25,390 398.31   1,987 359.97
Expired options 0 0   0 0   0 0   0 0
Exercised options 47,571 294.86 9,249 285.72 56,820 293.37   51,147 259.38
Outstanding 31 December 461,881 373.39   46,063 382.21   507,944 374.19   473,375 351.52
Exercisable at 31 December 124,875 289.04   19,020 322.38   143,895 293.39   130,426 282.31

The options outstanding at 31 December 2018 had an exercise price of between CHF 231.20 and CHF 435.95 and an average remaining contractual life of 5.5 years.

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