7 Shareholders' equity and employee participation plans
7.1 Movements in shares outstanding
Shares (each share has a nominal value of CHF 0.10) | Shares issued
| Treasury shares
| Shares outstanding
|
Balance at January 1, 2016 | 11,467,577 | – | 11,467,577 |
New shares issued based on employee participation plans | 60,970 | – | 60,970 |
|
|
|
|
Balance at June 30, 2016 | 11,528,547 | – | 11,528,547 |
|
|
|
|
Balance at January 1, 2017 | 11,541,371 | – | 11,541,371 |
New shares issued based on employee participation plans | 106,406 | – | 106,406 |
|
|
|
|
Balance at June 30, 2017 | 11,647,777 | – | 11,647,777 |
7.2 Dividends paid
| 2016 | 2017 |
Number of shares eligible for dividend | 11,498,012 | 11,608,657 |
Dividends paid (CHF/share) | 1.75 | 1.75 |
7.3 Conditional share capital reserved for the employee participation plans
Shares (each share has a nominal value of CHF 0.10) | 2016
| 2017
|
Balance at January 1 | 835,635 | 761,841 |
New shares issued based on employee participation plans | (60,970) | (106,406) |
|
|
|
Balance at June 30 | 774,665 | 655,435 |
|
|
|
Employee share options and employee shares, not yet delivered | 293,284 | 255,992 |
7.4 Employee share option plans
(See note 10.4.1 of the consolidated financial statements 2016 for the terms and principal conditions)
Movements in employee share options:
Employee share options | 2016
| 2017
|
Balance at January 1 | 117,167 | 113'893 |
Exercised | (10,181) | (22,088) |
Forfeited or expired | (2,362) | (1,334) |
|
|
|
Balance at June 30 | 104,624 | 90,471 |
|
|
|
Thereof exercisable at period-end | 49,873 | 40,827 |
7.5 Employee share plans (Performance Share Matching Plans [PSMP] and other share plans)
(See note 10.4.2 of the consolidated financial statements 2016 for the terms and principal conditions)
Movements in employee shares:
Employee shares (excluding voluntary investments) | 2016 | 2017 |
Balance at January 1 | 235,134 | 226,130 |
PSMP 2013 and 2014 - matching shares vested and transferred | (24,571) | (55,876) |
PSMP 2013 and 2014 - matching shares forfeited | (31,131) | (7,927) |
PSMP current period - initial shares transferred (blocked) | 23,316 | 26,630 |
PSMP current period - maximum of matching shares granted | 58,291 | 52,076 |
PSMP - initial shares forfeited and retransferred | – | (439) |
PSMP - initial shares de-blocked and available to the participants | – | (3,659) |
Share plan 2015 and 2016 - Board of Directors - shares vested and transferred | (2,902) | (2,251) |
Share plan 2016 and 2017 - Board of Directors - shares granted | 2,251 | 2,064 |
|
|
|
Balance at June 30 | 260,388 | 236,748 |
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|
|
Thereof vested, but blocked until the end of the performance period | 57,774 | 68,116 |
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