2010
She
W eighted Av erage Exercise
Price (in
)utsta nding at beginning of year
1 381 791
52.37
Granted
198 977
66.29
xercise d
(244 176)
44.47
orfe ited
(7 362)
51.82
(250)
25.81
)utstanding at end of year
1 328 980
55.92
ptions exercisable at end of year
663 909
57.22
The weighted average remaining contractual term for the share options outstanding as at December 31, 2012 was 4.34 years
(2011: 4.20; 2010: 4.09 years). No options were exercised during 2012. T he weighted average share price for options exercised
during 2011 and 2010 amounted to respectively €57.00 and €60.50.
The following table summarizes options outstanding and options exercisable as of December 31, 2012, and the related weighted
average remaining contractual life (years) and weighted average exercise price under the Delhaize Group stock option plans of
non-U.S. operating companies:
Rang
€26.39 - €30.99
€49.25 - €54.11
€66.29 - €71.84
€26.39 - €71.84
Number
Outsta nding
397 047
853 994
355 214
1 606 255
W eighted Av erage
Remaining C ontractual Life
(in years)
6.40
3.35
4.44
4.34
eighted Av erage
Exercise Price (in
30.58
51.08
68.90
49.95
ptions exercisable at the end of 2012 had a weighted average remaining contractual te
Op
2.80).
rm of 2.80 years (2011: 2.85; 2010:
The weighted average fair values of options granted was €3.86 per option for the May 2012 grant and €4.27 for the November
2012 grant (2011: €8.62; 2010: €9.73) and were estimated on the date of grant using the following assumptions:
Nov. 2012
May 2012
2011
2010
Share price (in
Expected dividend yield
Expected volatility
Risk-free interest rate
Expected term (years)
26.39
3.4
26.7
0.6
5.8
28.41
3.3
26.0
0.7
5.8
49.99
2.6
25.9
2.3
5.3
60.55
2.5
26.6
1.5
5.0
U.S. Ope rating Entities Stock Options and W arrants Plans
Since 2009, D elhaize Group also limited in its U.S. operating entities the number of associates that are entitled to future grants to
vice presidents and above.
Warrants granted under the "Delhaize Group 2012 Stock Incentive Plan" and the "Delhaize Group 2002 Stock Incentive Plan"
vest ratably over a three-year service period, are exercisable when they vest and expire ten years from the grant date.
138 DELHAIZE GROUP FINANCIAL STATEMENTS'12
