The table below provides an overview of outstanding LTV awards (awards made but not yet vested as of 31 December 2011):
Grant date
No. of shares
conditionally
awarded at
target level1
Value of shares
conditionally
awarded at the
grant date in
EUR
Vesting date2
No. of shares
vested on the
vesting date
(gross)
End of lock-up
period
Value of
unvested
shares as of
31.12.2011 in
EUR
Van Boxmeer
2011
42,927
1,617,489
02.2014
-
02.2016
1,535,499
2010
35,692
1,323,102
02.2013
-
02.2015
1,276,703
2009
34,247
735,626
02.2012
-
02.2014
-
Hooft Graafland
2011
22,145
834,424
02.2014
-
02.2016
792,127
2010
19,537
724,237
02.2013
-
02.2015
698,838
2009
18,836
404,597
02.2012
02.2014
1 Determined according to plan rules, using the closing share price of 31 December of the year preceding the grant.
2 Within five business days immediately following the publication of the annual results of the Company, to occur after completion of the performance period.
Currently there are no vested LTV awards subject to the two-year lock-up period, as the awards made in 2007 and 2008 did
not result in any shares being vested in 2010 and 2011 respectively.
Supervisory Board Heineken N.V.
Amsterdam, 14 February 2012
Heineken N.V. Annual Report 2011
65