As of December 31, 2017 and 2016, the number of shares held by the trust associated with the Company’s share based payment plans is as follows:
| Number of Shares | ||||||||||||||||
| FEMSA UBD | KOFL | |||||||||||||||
| 2017 | 2016 | 2017 | 2016 | |||||||||||||
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Beginning balance |
3,625,171 | 4,246,792 | 1,068,327 | 1,160,311 | ||||||||||||
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Shares acquired by the administrative trust to employees |
1,311,599 | 2,375,196 | 344,770 | 695,487 | ||||||||||||
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Shares released from administrative trust to employees upon vesting |
(1,991,561 | ) | (2,996,817 | ) | (477,198 | ) | (787,471 | ) | ||||||||
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Forfeitures |
— | — | — | — | ||||||||||||
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Ending balance |
2,945,209 | 3,625,171 | 935,899 | 1,068,327 | ||||||||||||
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