32 Share-based compensation continued
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Notes to the consolidated financial statements continued
Investors
Outstanding at
the beginning
of 2011
Granted1
Vested2
Forfeited
Outstanding at
the end
of 2011
Minimum
number of
shares3
Maximum Fair value per
number of share at the
shares4 grant date
Dick Boer5
Five-year 2006 grant
28,963
14,481
43,444
6.38
Five-year 2007 grant
39,779
39,779
59,668
8.03
Three-year 2008 grant
52,674
52,674
8.97
Five-year 2008 grant
52,674
52,674
79,011
8.04
Three-year 2009 grant
54,706
54,706
54,706
54,706
8.04
Five-year 2009 grant
54,706
54,706
82,059
7.02
Three-year 2010 grant
33,671
33,671
33,671
33,671
9.50
Five-year 2010 grant
33,671
33,671
50,506
7.29
Three-year 2011 grant
65,965
65,965
65,965
65,965
8.59
Five-year 2011 grant
65,965
65,965
98,947
6.00
Lodewijk Hijmans van den Bergh
Three-year 2010 grant
30,472
30,472
30,472
30,472
9.50
Five-year 2010 grant
30,472
30,472
45,708
7.29
Three-year 2011 grant
34,902
34,902
34,902
34,902
8.59
Five-year 2011 grant
34,902
34,902
52,353
6.00
John Rishton
Five-year 2006 grant
34,924
17,462
52,386
5.84
Three-year 2008 grant
79,642
79,642
8.97
Kimberly Ross5
Five-year 2006 grant
6,193
3,096
9,289
6.38
Five-year 2007 grant
11,199
11,199
9.10
Three-year 2008 grant
42,139
42,139
8.97
Five-year 2008 grant
42,139
42,139
8.04
Three-year 2009 grant
43,764
43,764
8.04
Five-year 2009 grant
43,764
43,764
7.02
Three-year 2010 grant
29,050
29,050
9.50
Five-year 2010 grant
29,050
29,050
7.29
Three-year 2011 grant
38,392
38,392
8.59
Five-year 2011 grant
38,392
38,392
6.00
Lawrence Benjamin
Three-year 2009 grant
68,469
68,469
68,469
68,469
8.04
Five-year 2009 grant
68,469
68,469
102,703
7.02
Three-year 2010 grant
38,301
38,301
38,301
38,301
9.50
Five-year 2010 grant
38,301
38,301
57,451
7.29
Subtotal CEB members
987,192
313,557
279,574
275,750
745,425
326,486
954,892
1 Represents the number of shares originally granted for the 2011 grant. For the five-year 2006 grant, the number of shares granted in 2011 represents the additional number of
shares granted based on the final TSR ranking.
2 The vesting date of the five-year 2006 grant and the three-year 2008 grant was March 12011for John Rishton. The vesting date of the five-year 2006 grant and the matching
shares related to the 2006 grant was March 4, 2011for Dick Boer and Kimberly Ross. The vesting date of the three-year 2008 grant was April 212011for Dick Boer and
Kimberly Ross. The Euronext closing share price was €9.75 as of March 12011€9.42 as of March 4, 2011and €9.65 as of April 212011
3 For the three-year grants, the minimum number of shares equals the number of outstanding shares. For the five-year grants, the minimum number of shares would be nil if Ahold's
ranking was eight or lower (as explained in the section Main characteristics above).
4 For the three-year grants, the maximum number of shares equals the number of outstanding shares. For the five-year grants, the maximum number of shares equals 150 percent
of outstanding shares if Ahold's ranking is one (as explained in the section Main characteristics above).
5 For participants other than the Corporate Executive Board members, the mid-term component of the program contains a matching feature. Since Dick Boer was not a Corporate
Executive Board member at the time of the 2006 grant and Kimberly Ross was not a Corporate Executive Board member at the time of the 2006 and 2007 grant, they are eligible
for this matching shares feature. The number of matching shares that vested on March 4, 2011was 2,775 for Dick Boer and 1,238 for Kimberly Ross. Kimberly Ross voluntarily
resigned on November 22, 2011, and therefore the matching shares related to the 2007 grant were forfeited.