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Stock options

03/29/2018 - 11:00 AM

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Board of Directors and Key Managers with Strategic Responsibilities

03/29/2018 - 11:00 AM

 

The following table shows the stock options assigned to all the individuals who held the position of Director or Key Manager with Strategic Responsibilities during the 2017 financial year, or any part thereof.

 

 

Values expressed in thousands of euros

 

 

 

In the company drawing up

the financial statements

 In subsidiaries and associates

TOTAL

 

Name and surname

 

Flavio Cattaneo

 

 
 

Position

 

 Chief Executive Officer
Key Managers with Strategic Responsibilities(*) Key Managers with Strategic Responsibilities(*)

Plan and respective resolution

 

Stock Option Plan 2014

16/04/14

Stock Option Plan

2014

16/04/14

Stock Option Plan

2014

8/11/2016

 

Options held at the

beginning of the financial year

Number of options

893.617 

1,853,085

948,276

3,694,978 

Strike price

€ 0.99

€ 0.94

€ 1.01

€ 1.15

R$ 8.0977 (3)

 

Possible exercise period (from/to)

2017/2020 

2017 - 2020

2017-2022

 

Options allocated during

the financial year

Number of options

       

Strike price

       

Possible exercise period (from/to)

       

Fair value on allocation date

       

Allocation date

       

Market price of underlying options on allocation of options

       

Options exercised during

the financial year

Number of options

 

 

316,092 

316,092 

 

Strike price

 

 

R$ 7.6928

 

Market price of underlying options on exercise date

 

 

 R$ 11.80 (5)

 

Options expired during

the financial year

Number of options

 

148.514 (2)

 

148,514

Options held at the end of the financial year

(15)=(2)+(5)

-(11)-(14)

893,617 (1)

1,704,571

632,184

3,230,372

Options for the year

Fair value

 

 

 

 €318,054 (4)

 €318,054

 

(1) Held upon ceasing to hold office 27/9/2017.

(2) Given up upon entry to the Stock Option Plans of foreign investee companies.

(3) The strike price can be corrected in relation to the conditions laid down in the plan.

(4) Amounts relating to local Stock Option Plans have been converted into euros at the average exchange rate in 2017, at 31/12/2017 (Reais/€3.60584). Fair Value on allocation date

(5) Value of the options on 30 November, when the shares could be traded by the beneficiary.

 

 

In this page the columns of the Consob tables are  not present when no data is contained.


(*)Executives:

Stefano De Angelis

Chief Executive Officer TIM Brasil

Stefano Azzi

Head of Consumer & Small Enterprise (4)

Stefano Ciurli

Head of Wholesale  (4)   

Giovanni Ferigo

Head of  Technology (4)

Lorenzo Forina

Head of  Business & Top Clients (4)

Cristoforo Morandini

Head of Regulatory Affairs and Equivalence (4)

Mario Di Mauro

Head of Strategy, Innovation & Quality (5)

Michel Sibony

Head of  Procurement Unit & Real Estate (5)

Agostino Nuzzolo Head of Legal, Regulatory and Tax (6)
Head of Human Resources & Organizational Development (7)
Riccardo Meloni Head of Human Resources & Organizational Development (8)

Piergiorgio Peluso

Head of Administration, Finance and Control

Stefano Siragusa

Chief TIM Infrastructures Office (9)

(1 ) from 01 June 2017;

(2) until 31 May 2017;

(3) from 28 September 2017;

(4)  Amounts until 5 March 2018;

(5)  from 6 March 2018;

(6)  from 6 March 2018; until 5 March 2018 Head of Legal Affairs;

(7)  until 15 March 2018 the responsibility of Human Resources & Organizational Development department was assigned temporary to Mr. Nuzzolo;

(8)  from 16 March 2018;

(9)  from 12 March 2018;