My first Publication ocbc_ar17_fullreport_english | Page 153

SHARE-BASED COMPENSATION PLANS (continued)
(a) OCBC Share Option Scheme 2001 (continued)
Details of unissued ordinary shares under the 2001 Scheme, options exercised during the financial year and options outstanding
and exercisable at 31 December 2017 are as follows:
Options Exercise period
2007
2007A
2007B
2008
2009
2010
2011
2012
2012NED
2013
2013NED
2014
2014GK
2015
2015CT
2015JL
2016
2016A
2017
2017SL
2017DM 15.03.2008 to 13.03.2017
16.01.2008 to 14.01.2017
15.03.2008 to 13.03.2017
15.03.2009 to 13.03.2018
17.03.2010 to 15.03.2019
16.03.2011 to 14.03.2020
15.03.2012 to 13.03.2021
15.03.2013 to 13.03.2022
15.03.2013 to 13.03.2017
15.03.2014 to 13.03.2023
15.03.2014 to 13.03.2018
15.03.2015 to 13.03.2024
12.09.2015 to 10.09.2024
16.03.2016 to 15.03.2025
30.06.2016 to 29.06.2025
16.11.2016 to 15.11.2025
16.03.2017 to 15.03.2026
16.03.2017 to 15.03.2026
23.03.2018 to 22.03.2027
04.08.2018 to 03.08.2027
29.12.2018 to 28.12.2027
Acquisition
price ($) Options
exercised Treasury
shares
transferred Outstanding Exercisable
8.354
7.391
8.354
7.313
4.024
8.521
9.093
8.556
8.556
10.018
10.018
9.169
9.732
10.378
10.254
9.030
8.814
8.814
9.598
11.378
12.316 1,413,661
457,593
114,063
564,556
447,235
972,555
847,525
1,407,654
350,572
2,431,485
210,000
2,245,014
135,753
862,290
–
9,849
746,643
8,200
–
–
–
13,224,648 1,393,730
457,593
112,253
562,005
447,235
972,555
847,525
1,400,324
350,572
2,405,834
210,000
2,229,212
135,753
850,995
–
9,849
739,389
8,200
–
–
–
13,133,024 –
–
–
751,685
684,734
768,709
896,995
1,730,598
–
4,732,495
254,817
3,220,695
–
5,637,328
31,779
19,999
8,286,551
130,036
9,413,925
18,943
5,673
36,584,962 –
–
–
751,685
684,734
768,709
896,995
1,730,598
–
4,732,495
254,817
3,220,695
–
3,433,520
20,974
9,849
2,253,660
37,417
–
–
–
18,796,148
At 31.12.2017
(b) OCBC Employee Share Purchase Plan
The OCBC Employee Share Purchase Plan (“ESP Plan”), which was implemented in 2004, was extended for another 10 years from
2014 to 2024, with the approval of shareholders. Employees of the Group who have attained the age of 21 years and been employed
for not less than six months are eligible to participate in the ESP Plan.
At an extraordinary general meeting held on 17 April 2009, alterations to the ESP Plan were approved to enable two (but not more
than two) Offering Periods to be outstanding on any date. Since each Offering Period currently consists of a 24-month period, these
alterations will enable the Bank to prescribe Offering Periods once every 12 months (instead of once every 24 months as
was previously the case).
In June 2017, the Bank launched its twelfth offering under the ESP Plan, which commenced on 1 July 2017 and will expire on
30 June 2019. Under the twelfth offering, 6,056 employees enrolled to participate in the ESP Plan to acquire 7,580,663 ordinary
shares at S$10.77 per ordinary share. The acquisition price is equal to the average of the last traded price of the ordinary shares of
the Bank on the Singapore Exchange over five consecutive trading days immediately preceding the price fixing date. Particulars of
the first to eleventh offerings under the ESP Plan were set out in the Directors’ Reports/Directors’ Statements for the financial years
ended 31 December 2004 to 2016. During the financial year, 6,302,173 ordinary shares were delivered to participants under the ESP
Plan. As at the end of the financial year, (i) rights to acquire 7,507,262 ordinary shares at S$8.45 per ordinary share granted under
the eleventh offering (which will expire on 30 June 2018), and (ii) rights to acquire 7,076,821 ordinary shares at S$10.77 per ordinary
share granted under the twelfth offering (which will expire on 30 June 2019) remained outstanding. Further details on the ESP Plan
can be found in Note 13.3 of the Notes to the Financial Statements.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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