Information related to options outstanding at December 31, 2017 is summarized below:
Date of
Board of |
Options granted |
Options granted after capital operations(a) |
Options outstanding at Dec. 31, 2017(b) (c) (d) |
Exercise price per share (€)(b) (c) (d) |
Expiration date | Remaining duration |
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January 06, 2010 |
220,000 | 8,668 | 8,668 | 373.44 | January 06, 2018 | 0.2 months | ||||||||||||||||||
March 22, 2010 |
1,548,150 | 60,980 | 51,394 | 493.44 | March 22, 2018 | 2.7 months | ||||||||||||||||||
October 21, 2010 |
120,000 | 4,727 | 1,564 | 428.80 | October 21, 2018 | 9.7 months | ||||||||||||||||||
March 24, 2011 |
1,164,363 | 45,863 | 38,345 | 646.72 | March 24, 2019 | 14.7 months | ||||||||||||||||||
June 26, 2012 |
1,410,625 | 55,563 | 19,720 | 476.48 | June 26, 2020 | 29.9 months | ||||||||||||||||||
June 24, 2013 |
1,642,574 | 61,443 | 30,817 | 493.44 | June 24, 2021 | 41.8 months | ||||||||||||||||||
June 26, 2014 |
1,655,843 | 61,939 | 41,353 | 274.88 | June 26, 2022 | 53.9 months | ||||||||||||||||||
June 25, 2015 |
1,769,890 | 66,205 | 47,790 | 160.64 | June 25, 2023 | 65.8 months | ||||||||||||||||||
June 23, 2016 |
6,658,848 | 208,089 | 184,732 | 21.76 | June 23, 2024 | 77.8 months | ||||||||||||||||||
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Total |
16,190,293 | 573,477 | 424,383 | |||||||||||||||||||||
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(a) |
Options granted adjusted following 2012 and 2016 capital increases and 2016 reverse split |
(b) |
Following the capital increase in October 2012, the stock options were adjusted as follows: |
Date of stock options |
Adjustment of number of options as of October 23, 2012 |
Exercise price before adjustment per share (€) |
Adjusted exercise price per share (€) |
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January 06, 2010 |
231,538 | 14.71 | 13.98 | |||||||||
March 22, 2010 |
1,430,622 | 19.44 | 18.47 | |||||||||
October 21, 2010 |
126,291 | 16.88 | 16.05 | |||||||||
March 24, 2011 |
1,150,636 | 25.48 | 24.21 | |||||||||
June 26, 2012 |
1,483,424 | 18.77 | 17.84 |
(c) |
Following the capital increase in February 2016, the stock options were adjusted as follows: |
Date of stock options |
Adjustment of number of options as of February 29, 2016 |
Exercise price before adjustment per share (€) |
Adjusted exercise price per share (€) |
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January 06, 2010 |
277,370 | 13.98 | 11.67 | |||||||||
March 22, 2010 |
1,675,700 | 18.47 | 15.42 | |||||||||
October 21, 2010 |
100,072 | 16.05 | 13.40 | |||||||||
March 24, 2011 |
1,287,848 | 24.21 | 20.21 | |||||||||
June 26, 2012 |
1,061,569 | 17.84 | 14.89 | |||||||||
June 24, 2013 |
1,495,770 | 18.47 | 15.42 | |||||||||
June 26, 2014 |
1,782,127 | 10.29 | 8.59 | |||||||||
June 25, 2015 |
1,998,861 | 6.01 | 5.02 |
(d) |
Following the reverse split in July 2016, the stock options were adjusted as follows: |
Date of stock options |
Adjustment of number of options as of July 20, 2016 |
Exercise price before adjustment per share (€) |
Adjusted exercise price per share (€) |
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January 06, 2010 |
8,668 | 11.67 | 373.44 | |||||||||
March 22, 2010 |
52,183 | 15.42 | 493.44 | |||||||||
October 21, 2010 |
3,128 | 13.40 | 428.80 | |||||||||
March 24, 2011 |
40,167 | 20.21 | 646.72 | |||||||||
June 26, 2012 |
20,766 | 14.89 | 476.48 | |||||||||
June 24, 2013 |
43,238 | 15.42 | 493.44 | |||||||||
June 26, 2014 |
49,660 | 8.59 | 274.88 | |||||||||
June 25, 2015 |
63,013 | 5.02 | 160.64 | |||||||||
June 23, 2016 |
208,089 | 0.68 | 21.76 |