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ITE
ITC Limited
Annexure to the Report of the Directors
Statement as at 31st March, 2009, pursuant to Clause 12 (Disclosure in the Directors' Report) of the Securities and Exchange
Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.
a) Total number of Options granted / allocated*:
ITC Employee Stock Option Scheme
2001
2002
2003
2004
2005
2006
Total
3,39, 119 6,27,070 11,82,616 11,43,195 14,48,071 60,95,625 1,08,35,696
ITC Employee Stock Option Scheme - 2006
2007
2008
55,77,343
59,69,437
1, 15,46,780
2,23,82,476
b) (i) Pricing Formula
:The Pricing Formula, as approved by the Shareholders of the Company, shall be
such price which is no lower than the closing price of the Company's Share on
the National Stock Exchange of India Limited ('the NSE') on the date of grant, or
the average price of the Company's Share in the six months preceding the date
of grant based on the daily closing price on the NSE, or the 'Market Price' as defined
from time to time under the Securities and Exchange Board of India (Employee
Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999,
as determined by the Compensation Committee
(ii) Exercise Price / Adjusted Exercise Price * :
ITC Employee Stock Option Scheme
per Option, as applicable (Rs.)
2001
2002
2003
2004
2005
2006
(Each Option represents 10 Ordinary
Shares of Re. 1/- each)
779.95
617.90
679.90 /
880.45 /
1,531.65 /
1,814.00
453.27
586.97
1,021.10
ITC Employee Stock Option Scheme - 200
2007
2008
1661.00
1896.00
ITC Employee Stock
ITC Employee Stock
Total
Option Scheme
Option Scheme - 2006
(ii)
(i) + (ii)
c) Total number of Options vested
77,97,649
15,23,826
93,21,475
d) |Total number of Options exercised
35,35,341
8,753
35,44,094
e) Total number of Ordinary Shares of Re. 1/- each :
3,53,53,410
87,530
3,54,40,940
arising as a result of exercise of Options
f)
Total number of Options lapsed
12,22,391
11,68,476
23,90,867
g) Variation of terms of Options
Nil
h) Money realised by exercise of Options
244.78
1.45
246.23
(Rs. in Crores)
68
ITC Report and Accounts 2009
Source: https://www.industrydocuments.ucsf.edu/docs/ynbx0223

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