The following table summarizes options and warrants outstanding as of December 31, 2012, and the related weighted average
remaining contractual life (years) and weighted average exercise price under the stock option plans for associates of U.S.
operating companies:
Rang
Number
Outsta nding
W eighted Av erage
Remaining C ontractual Life
(in yea rs)
Weighted Average
Exercise Price
(in
$28.91 - $46.40
856 245
6.40
39.33
$60.76 - $74.76
1 270 623
3.52
67.08
$78.33 - $96.30
1 395 008
4.89
89.64
$28.91 - $96.30
3 521 876
4.76
69.27
Options exercisable at the end of
4.90).
2012 had a weighted average remaining
contractual term of 3.60 yea
rs (2011: 4.40; 2010:
The fair values of options granted
2012, 2011 and 2010, respectively,
were $5.89 (August 2012), $6.10 (May 2012), $12.61
and were estimated using the following weighted averag
and $13.03 pe
ge assumptions:
r option for the years
Au gu
st 2012
May 2012
2011 2010
Share price (in
39.62
38.86
78.42 78.33
Expected dividend yield (^o)
3.6
3.5
2.9 2.5
Expected volatility
27.1
27.9
26.0 25.2
Risk-free interest rate
0.5
0.6
1.2 1.6
Expected term (years)
4.2
4.2
4.0 4.0
U.S. Ope rating Entities Restricted St ock Unit Awards Plan
Restricted stock unit awards follow a graded vesting plan over a five-year period, with a first 25% tranche of restricted stock units
to be transferred to associates starting at the end of the second year after the award has been granted. As the award vests, the
associate receives - at no cost for the associate - ADRs equal to the number of restricted stock units that have vested, free of
any restriction.
Restricted stock unit awards granted to associates of U.S. operating companies under the Delhaize America 2012 R e s tricte d
Stock Unit Plan and the Delhaize America 2002 Restricted Stock Unit Plan (grants prior to 2012) were as follows:
Effe
ctive Date of
Grant
Number of Shares
Underlying Aw ard
Issued
Number of Shares
Underlying
Aw ards Outstanding at
December 31, 2012
Number of Benefic
(at the moment of issu
August 2012
40 000
40 000
1
May 2012
126123
116 671
253
June 2011
128 71 7
104 331
249
June 2010
123 91 7
69 351
243
June 2009
150 073
48 402
245
May 2008
466 503
79 978
3 421
Activity related to the restricted stock plans was
as follows:
2012
Shares
Outstanding at beginning of year
520 584
Granted
166 123
Released from restriction
(210 611)
Forfeited/expired
(17 363)
Outstanding at end of year
458 733
140 DELHAIZE GROUP FINANCIAL STATEMENTS'12
