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Stock options

Board of Directors and Key Managers with Strategic Responsibilities

05/31/2016 - 04:00 PM

 

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 2015 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

 

Marco Patuano(*)

Key Managers with Strategic Responsibilities(**)

Key Managers with Strategic Responsibilities(**)

Position

 

CEO

Plan and respective resolution

 

Stock Option Plan 2014

16 April 2014

Stock Option Plan 2014

16 April 2014  

Stock Option Plan 2013

30 July 2013

Stock Option Plan 2014

29 September 2014

 

Stock Option Plan 2015

16 October 2015

Options held at the beginning of the financial year

Number of options

20,106,382

25,839,518

412,781

338,601

 

46,697,282

Strike price

 0.94

 0.94

R$ 8,1349

  

       (1)

R$ 13,4184

        (1)

 

 

Possible exercise period (from/to)

2017 - 2020

2017 - 2020

2014 - 2019

2015 - 2020

 

 

Options allocated during the financial year

Number of options

 

2,227,722

 

 

780,144         

3,007,866

Strike price

 

 1.01

 

 

R$ 8,4526

 (1) (4)

 

Possible exercise period (from/to)

 

2017-2020

 

  2016 - 2021

 

Fair value on allocation date

 

 591,089

 

 

 495,862

   (2) (3)

1,086,951

Allocation date

 

02/03/2015

 

  16/10/2015

 

Market price of underlying options on allocation of options

 

 1.08

 

 

R$ 8,4526

      (4)

 

Options exercised during the financial year

Number of options

 

 

 

 

 

 

 

Strike price

 

 

 

 

 

 

Market price of underlying options on exercise date

 

 

 

 

 

 

Options expired during the financial year

Number of options

 

 

 

 

 

 

Options held at the end of the financial year

(15)=(2)+(5)-(11)-(14)

20,106,382

28,067,240

412,781

338,601

780,144 

49,705,148

Options for the year

Fair value

 804,255

 

 1,200,660

 

 108.312

      (2)

 194.254

       (2)

  68.606

       

      (2) (3)

 2,376,087

 

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

(2) Amounts relating to local Stock Option Plans have been converted into euros at the average exchange rate in 2015, at 31/12/2015 (Reais/€3.69727)

(3) Fair Value at allocation date for each option equal to 2.35 Reais

(4)The market price (same value as the strike price) is calculated on the basis of the share price weighted for volume of trading in the 30 days prior to 29 September 2015

* On 22 March 2016, after his resignation became effective, Mr Marco Patuano’s rights to participate in the 2014-2016 Stock Option Plan expired.

 

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

(**)Key managers with strategic responsibilities 
Name list 
Rodrigo Modesto de Abreu Diretor Presidente TIM Participações S.A.
Simone Battiferri Head of ICT Solutions & Service Platforms
Stefano Ciurli Head of PuWholesale Department
Antonino Cusimano Head of Legal Affairs
Stefano De Angelis Head of Consumer & Small Enterprise Market
Mario Di Loreto Head of People Value
Cristoforo Morandini (1) Head of Regulatory Affairs aand Equivalence
Giuseppe Roberto Opilio Head of <Technology Department   
Piergiorgio Peluso Head of Administration, Finance & Control
Paolo Vantellini (2) Head of Business Support Office Department

(1)  from 17 March 2016

(2) until 15 April 2016 (the same date from which responsibility for the department was assigned temporarily to the Chief Financial Officer of the Company, Piergiorgio Peluso).