LISI GROUP - 2016 Financial report

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LISI 2016 FINANCIAL REPORT 129
The following table details the award of performance shares outstanding as at December 31, 2016:
Number
Options outstanding at year start 471,425
Options allocated during the period 185,260
Options cancelled during the period (79,601)
Options exercised during the year (103,874)
Options that reached maturity during the period 0
Options outstanding at year end 473,210
Options granted to date were taken from treasury shares without giving rise to the issue of new shares.
The following table presents the breakdown by date of allocation of stock options outstanding as at December 31, 2016:
ALLOTMENT DATE OF OPTIONS
Exercise price
(in euros)
Number of options outstanding at
December 31, 2016 Residual contractual term
10/23/2014 None 150 775 February 2017
10/23/2014 None 2 375 February 2017
12/17/2015 None 129 770 February 2018
12/17/2015 None 5 030 February 2018
12/20/2016 None 185 260 February 2019
TOTAL 473 210
d) Plans in place as at December 31, 2016:
Date of Shareholders’General Meeting Boardof Directors MeetingCategory Plan number
Number of shares
assigned
Of which corporate
officers
Of which membersof the Management
Committee
Of which 10 top
employees
Residual number of
beneficiariesExercise periodSubscription orpurchase price
Options exercised at
01/01/2016
Options exercised in
2016
Options cancelledOptions remaining at
12/31/2016
Authorization of 04/25/2013
10.24.2013 G PlanNo. 10 166,700 11,850 27,700 26,100 142 * None 0 103,874 62,826 0
Authorization of 04/23/2014
10.23.2014 G PlanNo. 11 170,875 11,850 25,600 31,775 143 ** None 0 0 20,100 150,775
10.23.2014 G PlanNo. 11 B 2,375 0 2,375 2,375 1 ** None 0 0 0 2,375
Authorization of 12/17/2015
12.17.2015 G PlanNo 12 137,770 5,030 25,600 31,775 146 *** None 0 0 8,000 129,770
12.17.2015 G PlanNo. 12 B 5,030 5,030 0 0 1 *** None 0 0 0 5,030
Authorization of 12/20/2016
12.20.2016 G PlanNo. 13 185,260 10,000 25,600 20,350 233 *** None 0 0 0 185,260
* Beginning on the date of the Board of Directors meeting that approves the 2015 results (February 2016) - end two years later.
** Beginning on the date of the Board of Directors meeting that approves the 2016 results (February 2017) - end two years later.
*** Beginning on the date of the Board of Directors meeting that approves the 2017 results (February 2018).
G = free
2.4 I THE ADMINISTRATIVE BODIES
2.4.1 I Composition of the Board of Directors
and the specialized Committees
The Group’s Board of Directors is composed of 13 members, three
of whom ARE independent, ERIC André, Director of LISI for over
12 years, no longer enjoys the status of independent director. The
Board is therefore currently composed of four women and nine men,
the proportion of women members of the Board standing at 31%.
To comply with the provisions of the AFEP-MEDEF and with the
Copé-Zimmermann Act on gender equality on the Board of Directors,
measures have been taken towards the appointment of two additional
women as independent directors at the earliest possible date (see
section 2.6).
Information regarding the company and corporate governance 7