Notes to the consolidated financial statements 132 32 Share-based compensation (continued) - - - Ahold at a glance Business review Governance Financials Ahold Annual Report 2015 Upon termination of employment due to retirement, disability or death, the same vesting conditions as described above apply. Upon termination of employment without cause in certain circumstances (e.g., restructuring or divestment), a pro rata part of the granted shares will vest on the date of termination of employment. For the performance shares, the most recent performance results will be applied to calculate the number of vested shares. In addition, a limited number of shares were granted to other ExCo members and other employees in 2013, 2014 and 2015 under a special purpose plan. This program consists of unconditional and conditional shares. The unconditional shares vest immediately on the award date. The conditional shares vest in two tranches. Half of the conditional shares vest on the day after the publication of Ahold's full-year results in the first year and half in the second year after the grant. The following table summarizes the status of the GRO program during 2015 for the individual Management Board members and for all other employees in the aggregate. Outstanding at the beqinninc of2015 Granted1 Vested2 Forfeited3 Outstanding at the end of 2015 Minimum number of shares4 Maximum number of shares5 Fair value per share at the grant date Dick Boer Five-year 2010 grant 33,671 30,304 3,367 7.29 Five-year 2011 grant 65,965 65,965 98,947 6.00 Three-year 2012 grant 73,026 73,026 9.23 Five-year 2012 grant 73,026 73,026 109,539 7.81 2013 TSR grant 63,221 63,221 110,636 7.76 2013 RoC grant 63,221 63,221 94,831 10.52 2013 Conditional grant 25,757 25,757 25,757 25,757 10.52 2014 TSR grant 49,844 49,844 87,227 11.20 2014 RoC grant 49,844 49,844 74,766 12.40 2014 Conditional grant 32,860 32,860 32,860 32,860 12.40 2015 TSR grant 54,336 54,336 95,088 14.66 2015 RoC grant 54,336 54,336 81,504 18.14 2015 Conditional grant 14,383 14,383 14,383 14,383 18.14 Jeff Carr Five-year 2011 grant 50,388 50,388 75,582 5.80 Three-year 2012 grant 45,405 45,405 9.23 Five-year 2012 grant 45,405 45,405 68,107 7.81 2013 TSR grant 29,539 29,539 51,693 7.76 2013 RoC grant 29,539 29,539 44,308 10.52 2013 Conditional grant 16,247 16,247 16,247 16,247 10.52 2014 TSR grant 24,614 24,614 43,074 11.20 2014 RoC grant 24,614 24,614 36,921 12.40 2014 Conditional grant 21,907 21,907 21,907 21,907 12.40 2015 TSR grant 21,309 21,309 37,290 14.66 2015 RoC grant 21,309 21,309 31,964 18.14 2015 Conditional grant 9,589 9,589 9,589 9,589 18.14

Jaarverslagen | 2015 | | pagina 37