One third of the options, worth a total $9.7m, will vest on 31 December 2014, with the rest following on the same date in 2015 and 2016 - dependent on holders still being employed by the group companies.
The Oslo-listed LNG carrier operator announced its stock option programme in 2012 after which a first round of 822,000 options was granted.
The total number of shares and options now held by staff are:
· Sveinung Stohle, president and CEO: 10,946 shares and 500,000 options
· Steffen Foreid, CFO: 414 shares and 200,000 options
· Ragnar Wisloff, CCO: 2,625 shares and 170,000 options
· Vegard Hellekleiv, CTO: 1,972 shares and 170,000 options
· Stephan Tschudi-Madsen, CAO: 2,276 shares and 170,000 options
· Oivin Iversen, CEO Hoegh FLNG Ltd: 789 shares and 117,000 options
· Camilla Nyhus-Moller, SVP Legal & Compliance: 47,000 options
The strike price is equal to the average closing price over the last five trading days prior to the date of awarding the options.
