Summary of changes in the plan
| Simple options | ||||||||||||
| Quantity | Weighted average exercise price |
Weighted average market value |
||||||||||
|
Opening balance 12/31/2016 |
38,033,506 | 36.94 | ||||||||||
|
Options exercisable at the end of the period |
23,440,177 | 40.98 | ||||||||||
|
Options outstanding but not exercisable |
14,593,329 | 30.45 | ||||||||||
|
Options: |
||||||||||||
|
Granted |
— | — | ||||||||||
|
Canceled / Forfeited (*) |
(1,204,728 | ) | 41.11 | |||||||||
|
Exercised |
(20,485,872 | ) | 35.58 | 42.06 | ||||||||
|
Balance at 12/31/2017 |
16,342,906 | 37.81 | ||||||||||
|
Options exercisable at the end of the period |
16,342,906 | 37.81 | ||||||||||
|
Options outstanding but not exercisable |
— | — | ||||||||||
|
Range of exercise prices |
||||||||||||
|
Granting 2010-2011 |
21.71 - 41.31 | |||||||||||
|
Granting 2012 |
30.45 | |||||||||||
|
Weighted average of the remaining contractual life (in years) |
1.28 | |||||||||||
| (*) | Refers to non-exercise based on the beneficiary’s decision. |
| Simple options | ||||||||||||
| Quantity | Weighted average exercise price |
Weighted average market value |
||||||||||
|
Opening balance 12/31/2015 |
50,543,148 | 31.89 | ||||||||||
|
Options exercisable at the end of the period |
35,647,958 | 33.40 | ||||||||||
|
Options outstanding but not exercisable |
14,895,190 | 28.29 | ||||||||||
|
Options: |
||||||||||||
|
Granted |
— | — | ||||||||||
|
Canceled / Forfeited (*) |
(127,798 | ) | 35.91 | |||||||||
|
Exercised |
(12,381,844 | ) | 26.92 | 35.15 | ||||||||
|
Balance at 12/31/2016 |
38,033,506 | 36.94 | ||||||||||
|
Options exercisable at the end of the period |
23,440,177 | 40.98 | ||||||||||
|
Options outstanding but not exercisable |
14,593,329 | 30.45 | ||||||||||
|
Range of exercise prices |
||||||||||||
|
Granting 2009-2010 |
25.66 - 41.69 | |||||||||||
|
Granting 2011-2012 |
30.45 - 40.72 | |||||||||||
|
Weighted average of the remaining contractual life (in years) |
2.63 | |||||||||||
| (*) | Refers to non-exercise based on the beneficiary’s decision. |
| Quantity | Weighted average exercise price |
Weighted average market value |
||||||||||
|
Opening balance 12/31/2014 |
60,678,323 | 29.48 | ||||||||||
|
Options exercisable at the end of the period |
31,759,519 | 29.23 | ||||||||||
|
Options outstanding but not exercisable |
28,918,804 | 29.75 | ||||||||||
|
Options: |
||||||||||||
|
Granted |
— | — | ||||||||||
|
Canceled / Forfeited (*) |
(9,968,681 | ) | 36.44 | |||||||||
|
Exercised |
(166,494 | ) | 22.11 | 31.24 | ||||||||
|
Balance at 12/31/2015 |
50,543,148 | 31.89 | ||||||||||
|
Options exercisable at the end of the period |
35,647,958 | 33.40 | ||||||||||
|
Options outstanding but not exercisable |
14,895,190 | 28.29 | ||||||||||
|
Range of exercise prices |
||||||||||||
|
Granting 2008-2009 |
23.95 - 36.62 | |||||||||||
|
Granting 2010-2012 |
21.71 - 38.90 | |||||||||||
|
Weighted average of the remaining contractual life (in years) |
2.60 | |||||||||||
| (*) | Refers to non-exercise based on the beneficiary’s decision. |