The Stock Option Plans of Banco Indusval S.A. aim at stimulating the expansion of the Company and the fulfillment of the established business targets, enabling the Company to attract and maintain its officers and management-level employees, by offering them the additional advantage of becoming shareholders of the Company, under the partnership concept that guides the new vision and strategy of Indusval & Partners.
The following Stock Options Plans were approved for managers and management-level employees of the Company, as well as the natural persons who provide services to the Company or to a company under its control:
- Stock Option Plan IV approved by the Extraordinary General Meeting of Shareholders held on 04/24/2012.
- Stock Option Plan III approved by the Extraordinary General Meeting of Shareholders held on 04/29/2011.
- Stock Option Plan II approved by the Extraordinary General Meeting of Shareholders held on 04/29/2011.
- Stock Option Plan I approved by the Extraordinary General Meeting of Shareholders held on 03/26/2008.
The Company’s Board of Directors, supported by the Compensation Committee, defines the directives of the Stock Option Plans and approves the semiannual option programs.
Below the share options distributed by Banco Indusval S.A.:
| Date Granted | Plan | Grace Period | Term for Exercise | Strike Price R$ | Quantity | |||
|---|---|---|---|---|---|---|---|---|
| Granted | Exercised | Extinguished | Not Exercised | |||||
| 30.01.2012 | I | Three years | Five years | 6.84 | 618,195 | 0 | 618,195 | 0 |
| 01.07.2011 | II | Three years | Five years | 4.60 | 1,167,463 | 0 | 1,167,463 | 0 |
| 23.12.2011 | II | Three years | Five years | 4.60 | 435,322 | 0 | 435,322 | 0 |
| 30.01.2012 | II | Three years | Five years | 4.60 | 101,069 | 0 | 101,069 | 0 |
| 31.08.2012 | II | Three years | Five years | 4.60 | 136,730 | 0 | 136,730 | 0 |
| 23.12.2011 | III | Five years | Seven years | 0.92 | 1,850,786 | 0 | 151,024 | 1,699,762 |
| 31.08.2012 | IV | Three years | Five years | 5.25 | 355,840 | 0 | 355,840 | 0 |
| 28.02.2013 | IV | Three years | Five years | 6.30 | 249,701 | 0 | 113,124 | 136,577 |
| 28.02.2014 | IV | Three years | Five years | 4.95 | 261,884 | 0 | 55,458 | 206,426 |
| TOTAL | 5,176,990 | 0 | 3,134,225 | 2,042,765 | ||||