In connection with an earlier option program for key employees, 52,500 options with the right to acquire 65,940 shares at NOK 132.70 in Schibsted ASA were exercised on 15 February 2013.
The options were allotted in 2008, and are being exercised because the last possible day of exercise is 26 June 2013.
Linked to the options, there is an obligation to reinvest. On this background, 59,189 shares were sold in the market at NOK 233.5039 per share, whereas 6,751 shares were transferred to the individual employees.
After the transaction, Schibsted owns 833,215 shares.
The following primary insiders have exercised options:
Trond Berger, CFO, has exercised 15,000 options with the right to acquire 18,840 shares. Out of this, 16,807 shares were sold in the market. After the transaction Trond Berger, including close affiliates, holds 13,356 shares and 15,000 options with the underlying right to acquire 18,840 shares in Schibsted.
Raoul Grünthal, CEO of Schibsted Sverige, has exercised 7,500 options with the right to acquire 9,420 shares. Out of this, 8,525 shares were sold in the market. After the transaction Raoul Grünthal holds 5,120 shares and 7,500 options with the underlying right to acquire 9,420 shares in Schibsted.
Sverre Munck, EVP Strategy and International, has exercised 15,000 options with the right to acquire 18,840 shares. Out of this, 16,807 shares were sold in the market. After the transaction Sverre Munck, including close affiliates, holds 19,926 shares and 15,000 options with the underlying right to acquire 18,840 shares in Schibsted.
Lena K. Samuelsson, Editor-in-chief of Svenska Dagbladet, has exercised 7,500 options with the right to acquire 9,420 shares. Out of this, 8,525 shares were sold in the market. After the transaction Lena K. Samuelsson, including close affiliates, holds 4,295 shares and 7,500 options with the underlying right to acquire 9,420 shares in Schibsted.
Oslo, 15 February 2013
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations