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.

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