Notes to the consolidated financial statements
132
32 Share-based compensation (continued)
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Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2014
Outstanding at
the beginning
of 2014
Granted1
Vested2
Forfeited
Outstanding at
the end
of 2014
Minimum
number of
shares3
Maximum
number of
shares4
Fair value per
share at the
grant date
Lodewijk Hijmans van den Bergh6
Five-year 2010 grant
30,472
30,472
45,708
7.29
Three-year 2011 grant
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
2014 TSR grant
20,354
20,354
35,619
11.20
2014 RoC grant
20,354
20,354
30,531
12.40
2014 conditional grant
18,115
18,115
18,115
18,115
12.40
James McCann
Three-year 2011 grant
50,388
50,388
8.31
Five-year 2011 grant
50,388
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 grant5
38,505
3,642
42,147
73,757
7.76
2013 RoC grant5
38,505
3,642
42,147
63,220
10.52
2013 conditional grant5
21,178
4,007
17,171
17,171
17,171
10.52
2014 TSR grant
33,229
33,229
58,150
11.20
2014 RoC grant
33,229
33,229
49,843
12.40
2014 conditional grant
21,907
21,907
21,907
21,907
12.40
Subtotal Management Board members
1,316,651
385,494
272,760
10,017
1,419,368
372,108
2,015,181
ie minimum number of shares that could potentially
ie minimum number of shares that could potentially vest equals
1 Represents the number of shares originally granted for the 2014 grant. For the five-year 2009 grant, the number of shares allocated in 2014 represents the additional number of shares allocated based on the final TSR ranking.
2 The vesting date of the five-year 2009 grant and the three-year 2011 grant was on April 17, 2014. The Euronext closing share price was €14.00 on April 17, 2014.
3 For the three-year grants under the 2006-2012 GRO program and the conditional shares under the 2013-2014 GRO program, the minimum number of shares that could potentially vest equals the number of outstanding shares. For the five-year grants,
vest would be nil if Ahold's ranking was eight or lower. For the 2013 and 2014 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 and 2014 RoC grants,
nil (as explained in the section Main characteristics above).
4 For the three-year grants under the 2006-2012 GRO program and the conditional shares under the 2013-2014 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 and 2014 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 and 2014 RoC grants, the maximum number of shares that could
potentially vest equals 150% of outstanding shares (as explained in the section Main characteristics above).
5 The shares granted and forfeited for the 2013 grants for Dick Boer and James McCann represent a correction to the original grant.
6 In accordance with the GRO plan rules and his separation agreement (also refer to Note 3!) a pro rata part of the outstanding shares will vest for Lodewijk Hijmans van den Bergh on the date of termination of employment.
