In connection with an earlier option program for key employees, 60,000 options with the right to ac-quire 75,360 shares in Schibsted ASA at NOK 51.00 were exercised on 12 May 2014. There is a profit limit on the options, and the highest share price the options can be realized for is NOK 125.48 per share. Linked to the options, there is an obligation to reinvest. The options were allotted in 2009, and the last possible day of exercise is 7 October 2014.
CEO Rolv Erik Ryssdal has exercised 30,000 options with the right to acquire 37,680 shares. Ryssdal has reinvested 2,079 shares. Ryssdal holds after the transaction 26,713 shares and zero options in Schibsted ASA.
CFO Trond Berger has exercised 15,000 options with the right to acquire 18,840 shares. Berger has reinvested 1,104 shares. Berger holds after the transaction 18,314 shares and zero options in Schibsted ASA.
Head of Legal Affairs Camilla Jarslby has exercised 7,500 options with the right to acquire 9,420 shares. Jarlsby has reinvested 574 shares. Jarlsby holds after the transaction 11,516 shares and zero options in Schibsted ASA.
CEO Schibsted Sverige AB Raoul Grünthal has exercised 7,500 options with the right to acquire 9,420 shares in Schibsted ASA. Grünthal has reinvested 454 shares. Grünthal holds after the transaction 10.967 shares and zero options in Schibsted ASA.
There are no remaining outstanding options in Schibsted ASA after this transaction. The transaction implies a transfer of 4,211 shares to employees and after the transaction, Schibsted ASA holds 618,088 own shares
Oslo, 12 May 2014
Jo Christian Steigedal
VP Investor Relations