Menu

The following table shows the incentive plans based on financial instruments, other than stock options, for members of the management body.

Values expressed in thousands of euros

(1) The rights to participate in the 2012 Long Term Incentive Plan expired following failure to achieve the objectives.

      In the company drawing up the financial statements

In subsidiaries and associates

TOTAL

Name and surname

A

 

Flavio Cattaneo

 


Key Managers with Strategic Responsibilities

 

 

Position

B

 

CEO

Plan and respective resolution

1

 

Special Award year 2016  

Financial instruments assigned in previous financial years not vested during the financial year

2

Number and type of financial instruments

 

 

 

 

3

Vesting Period

   

 

 

Financial instruments assigned during the financial year

4

Number and type of financial instruments

Right to the free allocation of TIM ordinary shares with a value amounting to 80% of the maximum bonus of 40,000.000 euros 

 

 

 

5

Fair value on allocation date

€ 33.688.636

 

 

€ 33.688.636

6

Periodo di vesting

Esercizio 2016

 

 

 

7

Allocation date

12 aprile 2016

 

 

 

8

Market price on allocation

€ 0,857

 

 

 

Financial instruments vested during the financial year and not assigned

9

Number and type of financial instruments

 

 

 

 

Financial instruments vested during the financial year and not assigned

10

Number and type of financial instruments

9.584.453 (1)

 

 


  9.584.453

11

Value on allocation date

€ 7.475.873

 

 


€ 7.475.873

Financial instruments for the year

12

Fair value

 € 8.422.159 (2)

 

 


€ 8.422.159

(1) Corresponding to 80% of the bonus accrued, at the normal value of TIM ordinary shares (€ 0,78) on 23 March 2017, the day it was ascertained. The normal value of the shares is understood as the arithmetic mean of the official share price recorded from the dealing day prior to the reference date up until thirty calendar days prior, calculated using as a denominator only those days to which the prices used for the basis of the calculation apply, calculated to two decimal places.

(2) The amount was estimated for the purposes of the 2016 Financial Statements at 8,398,168 euros; the final accounting, taking into account the normal value of TIM ordinary share at the time the Draft Financial