U.S. Operating Entities Warrants Plans
Delhaize Group Annual Report 2014 141
Until 2013, Delhaize Group granted warrants for its 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.
Share-based awards granted to employees of U.S. operating companies under the various plans were as follows:
Plan
Effective
Date of
Grants
Number of
shares
Underlying
Award Issued
Number of shares
Underlying Awards
Outstanding at
December 31, 2014
Exercise
Price
Number of
Beneficiaries
(at the
moment
of issuance)
Exercise
Period
(exercisable
until)
Delhaize Group 2012 Stock Incentive
plan - Warrants
November
2013
11 237
11 237
$58.40
1
2023
May 2013
368 139
331 575
$64.75
59
2023
August 2012
300 000
$39.62
1
2022
May 2012
291 727
112 877
$38.86
75
2022
Delhaize Group 2002 Stock Incentive
plan - Warrants
June 2011
318 524
284 054
$78.42
75
2021
June 2010
232 992
191 486
$78.33
74
2020
June 2009
301 882
182 726
$70.27
88
2019
May 2008
528 542
269 005
$74.76
237
2018
June 2007
1 165 108
751 665
$96.30
3 238
2017
June 2006
1 324 347
302 767
$63.04
2 983
2016
May 2005
1 100 639
144 397
$60.76
2 862
2015
Delhaize America 2002 Stock Incentive
plan - Options not backed by warrants
Various
3 221
1 333
$74.76
-$78.33
11
Various
Activities related to the Delhaize Group 2012 and 2002 Stock Incentive Plans were as follows:
Weighted Average Exercise
2014Shares Price (in
Outstanding at beginning of year
3 153 796
73.09
Exercised(1)
(378 093)
51.05
Forfeited/expired
(192 581)
73.35
Outstanding at end of year
2583 122
76.30
Options exercisable at end of year
2 099 523
77.42
(1) Includes 13 483 warrants exercised by employees, for which a capital increase had not occurred before December 31, 2014.
2013
Shares
Weighted Average Exercise
Price (in
Outstanding at beginning of year
3 521 876
69.27
Granted
379 376
64.56
Exercised
(534 043)
41.36
Forfeited/expired
(213 413)
74.30
Outstanding at end of year
3 153 796
73.09
Options exercisable at end of year 2 313 002 75.20
2012
Shares
Weighted Average Exercise
Price (in
Outstanding at beginning of year
3 195 599
74.22
Granted
591 727
39.25
Exercised
(28 561)
42.14
Forfeited/expired
(236 889)
64.27
Outstanding at end of year
3 521 876
69.27
Options exercisable at end of year 2 322 027 74.56
The weighted average remaining contractual term for the stock options outstanding as at December 31, 2014 is 2.85 years
(2013: 3.77 years; 2012: 4.76 years). The weighted average share price for stock options exercised during 2014 amounts to
$70.30 (2013: $60.80; 2012: $52.87).
