Remuneration Report continued
Report of the
Report of the
Financial
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Overview
Executive Board
Supervisory Board
statements
information
Matching share entitlements Mr. René Hooft Graafland
In line with Plan Rules and as a result of his resignation, the conditional matching share entitlements of Mr. René Hooft Graafland related to
his short-term variable pay for the years 2010-2013 have become unconditional at the agreement date of 3 November 2014, and for 2014 at
year-end. The conversion and actual delivery of the matching shares will occur once the five-year holding periods of the underlying investment
shares have been met. The table below provides an overview of the matching share entitlements that have become unconditional for Mr. René
Hooft Graafland.
Unconditional matching share entitlements
Performance year of
the short-term
variable pay from
which the
underlying
investment shares
have been acquired
Number of
matching share
entitlements1
Value at the date
when the matching
share entitlements
have become
unconditional, in
EUR
Conversion and
delivery as common
shares in January
Hooft Graafland
2014
t.b.d.
516,853
2020
2013
4,808
267,610
2019
2012
5,479
309,829
2018
2011
10,291
591,104
2017
2010
8,274
482,620
2016
1The number of matching share entitlements related to short-term variable pay for 2014 is determined by dividing the indicated investment value by the closing share price of the date
of publication of the financial statements, i.e. 11 February 2015 (and subsequent rounding).
Extraordinary share awards and Retention share award
The table below provides an overview of the outstanding Extraordinary share awards and the Retention share award as of 31 December 2014.
The Retention share award will vest in April 2015, if the conditions thereto are met; a further three-year holding period will apply to this share
award. The Extraordinary share awards have vested at grant in 2013; to these share awards a five-year holding period applies as from grant.
No. of
Value of
shares
conditionally
granted as of
shares the grant date
Award
Grant date
granted1
in EUR
Vesting date
No. of
shares
vesting on
the vesting
date2
End of blocking
period
Value of
unvested or
blocked
shares as of
31.12.20143
in EUR
Van
Boxmeer
Hooft
Graafland
Extraordinary
share award
Retention
share award
Extraordinary
share award
26.04.2013 45,893 2,520,000 26.04.2013 24,373 26.04.2018 1,436,788
26.04.2013 27,317 1,500,000 26.04.2015 27,317 26.04.2018 1,610,337
26.04.2013 23,675 1,300,000 26.04.2013 12,573 26.04.2018 741,178
1The 'Number of shares granted' refers to the grant in gross terms (i.e. before tax withholding).
2As the table reveals, income tax is withheld from the Extraordinary share awards themselves; the Retention share award will vest 'gross', i.e. withholding tax will be due from other
sources than the share award itself.
3The value of the share awards is based on the 'Number of shares vesting on the vesting date', and is thus before-tax for the Retention share award and after-tax for the Extraordinary
share awards.
56
Heineken N.V. Annual Report 2014