2017 | 2016 | 2015 | ||||||||||
Key Management Personnel |
All Other Employees |
Key Management Personnel |
All Other Employees |
Key Management Personnel |
All Other Employees |
|||||||
€ | € | € | € | € | € | |||||||
Fair value at grant date |
9.04 – 16.10 | 8.94 – 18.02 | 9.97 – 11.03 | 5.74 – 5.79 | 3.98 – 5.76 | 4.03 – 5.06 | ||||||
Share price at grant date |
17.08 – 24.54 | 13.71 – 27.47 | 15.24 – 16.85 | 8.46 – 8.87 | 6.12 – 7.20 | 5.94 – 7.20 | ||||||
Exercise price |
17.08 – 24.54 | 13.71 – 27.47 | 15.24 – 16.85 | 8.46 – 8.87 | 1.93 – 7.20 | 1.93 – 7.20 | ||||||
Expected volatility (weighted-average) |
95.05% | 94.88% | 95.30% | 97.15% | 94.85% | 94.85% | ||||||
Expected life |
10 years | 10 years | 10 years | 8 – 10 years | 4 years | 8 years | ||||||
Expected dividends |
0% | 0% | 0% | 0% | 0% | 0% | ||||||
Risk-free interest rate (based on government bonds) |
2.29% – 2.51% | 2.24% – 2.62% | 1.84% – 1.86% | 0.10% – 1.87% | 0.16% – 0.70% | 0.16% – 0.70% |