32 Share-based compensation (continued)
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33 Operating leases
Ahold Annual Report 2012 134
Ahold at a glance
Our strategy
Our performance
Governance
Financials
Investors
Notes to the consolidated
financial statements
The following table summarizes the status of the share option plans during 2012 for the individual Corporate Executive Board members and for all other employees in the aggregate.
Description of grant
Outstanding
at the beginning
of 2012
Exercised
Forfeited
Expired
Outstanding at
the end of
2012
Exercise price
Expiration date
Dick Boer
Eight-year 2005 grant
70,200
70,200
6.36
04/03/2013
Ten-year 2003 grant
21,000
21,000
11.65
12/29/2012
Ten-year 2004 grant
21,000
21,000
5.83
12/28/2013
Subtotal CEB members
112,200
70,200
21,000
21,000
Weighted average exercise price
7.25
5.83
Other employees
Eight-year
1,632,560
678,370
25,638
928,552
6.36
Ten-year
2,442,648
270,901
1,630,615
541,132
5.89
Subtotal other employees
4,075,208
949,271
1,656,253
1,469,684
Total options
4,187,408
1,019,471
1,677,253
1,490,684
Weighted average exercise price
8.39
6.27
11.63
6.18
Weighted average share price at date of exercise
10.22
The following table summarizes information about the total number of outstanding share options as of December 30, 2012:
Number outstanding
Weighted average
and exercisable at
Weighted average remaining contractual
Exercise price (range)
December 30, 2012
exercise price years
5.83-6.361,490,684 6.18 0.61
Ahold as lessee
Ahold leases a significant number of its stores, as well as distribution centers, offices and other assets, under operating lease arrangements. The aggregate amounts of Ahold's minimum lease
commitments payable to third parties under non-cancelable operating lease contracts are as follows:
December 30,
January 1,
million
2012
2012
Within one year
692
677
Between one and five years
2,217
2,245
After five years
2,767
3,016
Total
5,676
5,938
Certain store leases provide for contingent additional rentals based on a percentage of sales and consumer price indices. Substantially all of the store leases have renewal options for additional
terms. None of Ahold's leases impose restrictions on Ahold's ability to pay dividends, incur additional debt or enter into additional leasing arrangements.
