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Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 230 The rights granted under Management Incentive Plan 2011 (MIP IV) changed as follows in fiscal years 2012 and 2011: Number of rights outstanding Weighted average exercise price per right in € Weighted average remaining term in years Aggregated intrinsic value in €thousands Balance as of Dec. 31, 2011 5,596,667 Granted 675,333 41.34 Forfeited -1,010,000 41.34 Balance as of Dec. 31, 2012 5,262,000 41.34 8.5 0* Thereof exercisable as of Dec. 31, 2012 0 * Based on the closing price on December 31, 2012. Number of rights outstanding Weighted average exercise price per right in € Weighted average remaining term in years Aggregated intrinsic value in €thousands Balance as of Dec. 31, 2010 0 Granted 6,227,667 41.34 Forfeited -631,000 41.34 Balance as of Dec. 31, 2011 5,596,667 41.34 9.5 0* Thereof exercisable as of Dec. 31, 2011 0 * Based on the closing price on December 31, 2011. Because there is no obligation to settle in cash, these rights are accounted for as an equity-settled stock option program pursuant to IFRS 2. Pursuant to IFRS 2, the date of the 2012 Annual Shareholders’ Meeting was the date on which all rights awarded prior to May 2012 were granted, since rights can be serviced in shares, so final allocation requires the approval of the Annual Shareholders’ Meeting. The expense of these rights is calculated based on the fair value of the rights on May 4, 2012. The expense is allocated to the period starting with the date they were awarded until the expected date the aforementioned performance targets are reached. In order to calculate the expenses in 2011, the fair value at the assumed time of grant- ing (May 2012) was estimated.

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