Change

Stock options plan


Prior to 2008, performance-related stock options were granted to members of the Board of Management and executives. 2007 was the last year in which stock options were granted. Stock options cannot be exercised during the first three years. We currently do not purchase own shares in connection with the stock option plan. No financing facilities exist for option rights or tax payable thereon. One option entitles the holder thereof to buy one Akzo Nobel N.V. common share. The exercise price is the Euronext Amsterdam opening price on the first day that the AkzoNobel share was quoted ex-dividend in the year of conditional grant. For American Depositary Receipts (ADRs), a total of 51,540 option rights, to exchange for Akzo Nobel N.V. shares, remain outstanding at year-end (2008: 70,220).

Outstanding stock options1

 

 

 

 

 

 

 

 

Year of issue

Exercise price in € 

Outstanding per January 1, 2009

Exercised in 2009

Expired in 2009

Forfeited in 2009

Outstanding at December 31, 2009

Expiry date

 

 

 

 

 

 

 

 

Unconditional options:

 

 

 

 

 

 

2001

46.75

51,322

51,322

April 30, 2011

2002

46.53

203,080

(196,040)

(7,040)

April 25, 2009

2002

46.53

107,250

107,250

April 25, 2012

2003

19.51

167,411

(71,380)

(4,280)

91,751

April 22, 2010

2004

31.45

303,600

(23,200)

(10,400)

270,000

April 25, 2011

2005

31.98

452,287

(41,993)

(3,807)

406,487

April 24, 2012

2006

46.46

463,960

(5,189)

458,771

April 26, 2013

 

 

1,748,910

(136,573)

(196,040)

(30,716)

1,385,581

 

 

 

 

 

 

 

 

 

Conditional options:

 

 

 

 

 

 

2007

58.89

510,708

(9,449)

501,259

April 26, 2014

 

 

 

 

 

 

 

 

Total

 

2,259,618

(136,573)

(196,040)

(40,165)

1,886,840

 

1 Including the Board of Management.

 

 

 

 

 

Number and weighted average exercise price share options

 

 

 

 

Number of options

Weighted average exercise price in €

 

 

 

Balance at January 1, 2008

2,457,722

41.70

Forfeited during the period

(28,099)

39.49

Exercised during the period

(170,005)

33.11

Balance at December 31, 2008

2,259,618

42.37

 

 

 

Forfeited during the period

(40,165)

41.27

Expired

(196,040)

46.53

Exercised during the period

(136,573)

25.37

Balance at December 31, 2009

1,886,840

43.20

 

 

 

Exercisable at December 31, 2009

1,385,581

37.52

The stock options are equity-settled. The employee buys the shares upon exercise of the options. The fair value is measured at grant date and amortized over the period during which the employees become unconditonally entitled to the options.The total cost in 2009 for stock options was €2 million (2008: €4 million).

For stock options exercised during 2009, the weighted average of the actual share prices at date of exercise amounted to €38.59 (2008: €51.31).

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