Stock option plan
1) BNP PARIBAS UNEXPIRED STOCK OPTION PLANS
Plan year 2001 (2) 2002 (2) 2003 (3)
Date of EGM at which plan was authorised 23 May 2000 23 May 2000 23 May 2000
Date of Board Meeting at which the plan terms were 15 May 2001 31 May 2002 21 March 2003
Number of grantees decided 932 1,384 1,302
Number of options granted 6,069,000 2,158,570 6,693,000
Starting date of the exercise period 15 May 2005 31 May 2006 21 March 2007
Option expiry date 14 May 2011 30 May 2012 20 March 2013
(1) The numbers of options and the exercise prices have been adjusted for the two-for-one share split which took place on 20 February 2002.
(2) The options are subject to vesting conditions related to the ratio between consolidated net income and average shareholders' equity for each of th
The minimum average ratio is 16% over the four years from the year of grant or over a rolling three-year period starting in the second year after the y EuroStoxx Bank index.
(3) The vesting rules applicable to a portion of the options granted to employees are based in part on BNP Paribas share performance in relation to t
2) BNP UNEXPIRED STOCK OPTION PLANS
Plan year 1997 1998 1999 1999 (2) 2000 (2)
Date of EGM at which plan was authorised 14 Dec. 1993 14 Dec. 1993 13 May 1998 13 May 1998 13 May 1998
Date of Board Meeting at which the plan terms were 22 May 1997 13 May 1998 3 May 1999 22 Dec. 1999 7 April 2000
Number of grantees decided 64 259 112 642 1,214
Number of options granted 476,000 2,074,000 670,000 5,064,000 1,754,200
Starting date of the exercise period 23 May 2002 14 May 2003 4 May 2004 23 Dec. 2004 8 April 2005
Option expiry date 22 May 2007 13 May 2008 3 May 2009 22 Dec. 2009 7 April 2010
(1) The numbers of options and exercise prices have been adjusted for the two-for-one share split which took place on 20 February 2002. of the Contingent Value Rights Certificates attached to the shares issued at the time of the BNP-Paribas merger (note 22).
(2) Plans concerning the employees of the two groups, BNP and Paribas, prior to their merger. The options vested only in the event that no payments
Exercise price (in euros) 49 60 37.1
Number of options exercised or forfeited at 31 December 2003 (1) 136,000 63,020 14,000
Options outstanding at 31 December 2003 (1) 5,933,000 2,095,550 6,679,000
-for-one share split which took place on 20 February 2002.
idated net income and average shareholders' equity for each of the years concerned.
er a rolling three-year period starting in the second year after the year-of grant.
e based in part on BNP Paribas share performance in relation to the Dow Jones
Exercise price (in euros) 18.45 37.28 37.64 45.16 42.50
Number of options exercised or forfeited at 31 December 2003 (1) 220,980 342,385 12,000 452,000 260,500
Options outstanding at 31 December 2003 (1) 255,020 1,731,615 658,000 4,612,000 1,493,700
one share split which took place on 20 February 2002.
heir merger. The options vested only in the event that no payments were due in respect
e of the BNP-Paribas merger (note 22).