Appendix on Share-Based Incentives

The following table represents the movements during 2016 of all unvested shares (the total number of vested shares held by the Management Board are reported in note 5.3.23 to the consolidated financial statements). Unvested LTI shares in the columns Outstanding at the beginning and/or end of the year, are reported at the Target LTI numbers, with the actual vesting hereof in the year shown for the actual number as per the outcome of the performance criteria as per the Remuneration Policy.


As at December 31, 2016 the following share-based incentives are outstanding:

Outstanding at the beginning of 2016

Granted

Vested

Outstanding at the end of 2016

Status at the end of 2016

Vesting date

End of blocking period

Fair value of share at the grant date – €

Fair value of the TSR component – €

Bruno Chabas – CEO

2012 STI Matching Shares

14,831

-

14,831

-

vested

10.58

2013 STI Matching Shares

25,171

-

-

25,171

conditional

2017

11.87

2014 STI Matching Shares

32,777

-

-

32,777

conditional

2018

9.76

2013 LTI

88,913

-

177,825

-

vested

2018

10.35

11.36

2014 LTI

84,218

-

-

84,218

conditional

2017

2019

11.79

11.12

2015 LTI

83,878

-

83,878

conditional

2018

2020

11.51

14.78

2016 LTI

84,678

84,678

conditional

2019

2021

11.91

19.92

329,788

84,678

192,656

310,722

Sietze Hepkema – CGCO

2013 LTI

71,025

-

106,537

-

vested

2018

10.35

9.78

2014 LTI

62,111

-

-

62,111

conditional

2017

2019

11.79

9.56

133,135

-

106,537

62,111

Peter van Rossum – CFO

2012 STI Matching Shares

4,006

-

4,006

-

vested

10.58

2013 STI Matching Shares

11,896

-

-

11,896

conditional

2017

11.87

2014 STI Matching Shares

15,134

-

-

15,134

conditional

2018

9.76

2013 LTI

59,287

-

88,931

-

vested

2018

10.35

9.78

2014 LTI

51,847

-

-

51,847

conditional

2017

2019

11.79

9.56

2015 LTI

55,919

-

55,919

conditional

2018

2020

11.51

11.31

2016 LTI

56,452

56,452

conditional

2019

2021

11.91

15.50

198,089

56,452

92,937

191,248

Erik Lagendijk – CGCO

2015 LTI

55,919

-

-

55,919

conditional

2018

2020

11.51

11.31

2016 LTI

56,452

56,452

conditional

2019

2021

11.91

15.50

55,919

56,452

-

112,371

Philippe Barril – COO

Restricted shares1

50,000

-

-

50,000

conditional

2018

2020

-

2015 LTI

55,919

-

-

55,919

conditional

2018

2020

11.51

11.31

2016 LTI

56,452

56,452

conditional

2019

2021

11.91

15.50

105,919

56,452

-

162,371

Douglas Wood – CFO

Restricted shares2

-

30,000

-

30,000

conditional

2019

2021

12.71

2016 LTI

42,339

42,339

conditional

2019

2021

11.91

15.50

-

72,339

-

72,339

  • 1 these shares were awarded to Mr. Barril as compensation for the loss of share-based payments at his former employer, and have been reported to the AGM in April 2015 in Agenda item 11
  • 2 these shares were awarded to Mr. Wood as compensation for the loss of variable remuneration entitlements and other benefits in his previous employment, and have been reported to the EGM on November 30, 2016 in Agenda item 1


The following shares (or other financial instruments) are held by SBM Offshore N.V. by members of the Management Board.

Shares subject to conditional holding requirement

Other shares

Total shares at 31 December 2016

Total shares at 31 December 2015

Bruno Chabas

284,967

96,112

381,079

188,423

Peter van Rossum

137,612

35,042

172,654

79,717

Philippe Barril

-

-

-

NA

Erik Lagendijk

-

-

-

NA

Sietze Hepkema1

NA

NA

NA

-

Douglas Wood

-

-

Total

422,579

131,154

553,733

268,140

  • 1 Mr. Sietze Hepkema is no longer a member of the Management Board since April 15, 2015