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32 Share-based compensation (continued)
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Ahold at a glance
Notes to the consolidated
financial statements
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
Outstanding at
the beginning
of 2013
Granted1
Vested2
Outstanding at
the end
Forfeited of 2013
Minimum
number of
shares3
Maximum
number of
shares4
Fair value per
share at the
grant date
Lodewijk Hijmans van den Bergh
Three-year 2010 grant
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
Three-year 2012 grant
40,108
40,108
40,108
40,108
9.23
Five-year 2012 grant
40,108
40,108
60,162
7.81
2013 TSR grant
25,817
25,817
45,179
7.76
2013 RoC grant
25,817
25,817
38,725
10.52
2013 conditional grant
14,200
14,200
14,200
14,200
10.52
James McCann
Three-year 2011 grant
50,388
- 50,388
50,388
50,388
8.31
Five-year 2011 grant
- 50,388
75,582
5.80
Three-year 2012 grant
45,405
- 45,405
45,405
45,405
9.23
Five-year 2012 grant
45,405
- 45,405
68,107
7.81
2013 TSR grant
38,505
- 38,505
67,383
7.76
2013 RoC grant
38,505
- 38,505
57,757
10.52
2013 conditional grant
21,178
21,178
21,178
21,178
10.52
Subtotal Management Board members
1,046,840
391,895
122,084
1,316,651
488,979
1,768,385
1 Represents the number of shares originally granted for the 2013 grant. For the five-year 2008 grant, the number of shares allocated in 2013 represents the additional number of shares allocated based on the final TSR ranking.
2 The vesting date of the five-year 2008 grant and the three-year 2010 grant was on April 18, 2013. The Euronext closing share price was €11.71 as of April 18, 2013.
3 For the three-year grants under the 2006-2012 GRO program and the conditional shares under the 2013 GRO program, the minimum number of shares that could potentially vest equals the number of outstanding shares. For the five-year grants, the
minimum number of shares that could potentially vest would be nil if Ahold's ranking was eight or lower. For the 2013 TSR grants, the minimum number of shares that could potentially vest would be nil if Ahold's ranking was seventh or lower. For the
2013 RoC grants, the minimum number of shares that could potentially vest equals nil (as explained in the section Mam characteristics above).
4 For the three-year grants under the 2006-2012 GRO program and the conditional shares under the 2013 GRO program, the maximum number of shares that could potentially vest equals the number of outstanding shares. For the five-year grants, the
maximum number of shares that could potentially vest equals 150% of outstanding shares if Ahold's ranking is one. For the 2013 TSR grants, the maximum number of shares that could potentially vest equals 175% of outstanding shares if Ahold's
ranking is one. For the 2013 RoC grants, the maximum number of shares that could potentially vest equals 150% of outstanding shares (as explained in the section Main characteristics above).
