Notes to the consolidated financial statements
133
32 Share-based compensation (continued)
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Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2015
Outstanding at
the beginning
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
Lodewijk Hijmans van den Bergh6
Five-year 2010 grant
30,472
27,425
3,047
7.29
Five-year 2011 grant
34,902
3,278
36,058
2,122
6.00
Three-year 2012 grant
40,108
40,108
9.23
Five-year 2012 grant
40,108
8,904
38,584
10,428
7.81
2013 TSR grant
25,817
23,207
2,610
7.76
2013 RoC grant
25,817
8,702
17,115
10.52
2013 Conditional grant
14,200
12,764
1,436
10.52
2014 TSR grant
20,354
2,887
14,435
8,806
11.20
2014 RoC grant
20,354
7,656
12,698
12.40
2014 Conditional grant
18,115
10,278
7,837
12.40
2015 TSR grant
18,429
5,131
13,298
14.66
2015 RoC grant
17,403
3,275
14,128
18.14
2015 Conditional grant
7,832
1,847
5,985
18.14
James McCann
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
42,147
42,147
73,757
7.76
2013 RoC grant
42,147
42,147
63,220
10.52
2013 Conditional grant
17,171
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
2015 TSR grant
28,766
28,766
50,340
14.66
2015 RoC grant
28,766
28,766
43,149
18.14
2015 Conditional grant
9,589
9,589
9,589
9,589
18.14
Subtotal Management Board members
1,419,368
301,116
423,610
102,877
1,193,997
169,410
1,793,035
grant and 2014 TSR
April 16,
5 forfeited number of shares based on the final TSR ranking
rant, the number of shares allocated in 2015 for Lodewijk Hijmans van den Bergh represents t
losing share price was €19.37 on April 16, 2015.
5 additional number of shares allocated based o
5 TSR rankings of the related grants.
1 Represents the number of shares originally granted for the 2015 grant. For the five-year 2011 grant and 2014 ISR grc
2 The vesting date of the five-year 2010 grant and the three-year 2012 grant was on April 16, 2015. The Euronext cTos
3 For the five-year 2010 grant, the number of shares forfeited in 2015 represents th
4 For the conditional shares under the 2013-2015 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 t
2013-2015 TSR grants, the minimum number of shares that could potentially vest would be nil if Ahold's ranking was seventh or lower. For the 2013-2015 RoC grants, the minimum number of shares that could potentially vest equals nil (as explained in the section Main characteristics above).
5 For the conditional shares under the 2013-2015 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 i;
one. For the 2013-2015 TSR grants, the maximum number of shares that could potentially vest equals 175% of outstanding shares if Ahold's ranking is one. For the 2013-2015 RoC grants, the maximum number of shares that could potentially vest equals 150% of outstanding shares (as explained in the
section Main characteristics above).
6 In accordance with the GRO plan rules and his separation agreement (also refer to Note 31) a pro rata part of the outstanding shares for Lodewijk Hijmans van den Bergh vested on the date of termination of employment (December 31, 2015). The granted number of shares represents the additional
number of shares allocated based on the TSR ranking. For the 2015 grant the number of shares allocated represents the number of shares originally granted for the 2015 grant.