CME extended contracts of Marina Williams, executive vice president, from November 21, 2007 to March 31, 2010 and Wallace Macmillan, CFO from April 1. Both are entitled to USD250k salary per annum and were granted options to purchase 50,000 A-class shares consisting of four annual grats of options to purchase 12,500 class A shares.
Our view:
Based on our contacts with the company and in particular with CME’s CFO, we believe that both are very beneficial to the company and see the motivation plan as positive. The total number of new share options, 100,000 represents 0.2% of total shares outstanding.