In view of the above, at the expiration date, the 2011 Compensation Plan had a balance of 4,789,718 shares pending of subscription and payment, which was deducted from the authorized capital of the Company.
| Number of Stock Options | ||||||||||||||||
| In share-based payment arrangements | ||||||||||||||||
| Options | Expired | |||||||||||||||
| Opening | waived by | Action | Closing | |||||||||||||
| Periods | balance | executives | Options | Balance | ||||||||||||
| From January 1 to December 31, 2016 | 4,518,000 | (4,172,000 | ) | (346,000 | ) | - | ||||||||||
| From January 1 to December 31, 2017 | - | - | - | - | ||||||||||||