‘Suryoday Small Finance Bank Limited

Annexure 22 - Notes forming part of the Restated Summary Statements
{All amounts are in Indian Rupees in million untess otherwise stated)

4, Employees Stock Option Scheme

‘The Bank has share- based payment schemes for it's employees. Schemes in operation for last 3 years are Employee Stock Option Scheme 2014, Employee Stock Option Scheme 2016 and Employee Stock Option Scheme 2019, The Bank has issued Nil; 18,72,100; 20,67,100; 1,131,000; 856,950 options under the Employee
‘Stock Option Scheme forthe financial period! year December 31, 2020; December 31, 2019; March 31, 2020; March 31, 2019 and March 31, 2018 respectively

‘The details of the Employee Stock Option Scheme

are as under:

 

 

Employee stock option scheme 2016

‘Employee stock sption Scheme 2019

 

[Particulars oye stock option scheme 2014
[Grant Date Tanwary 19,2017 [_July27, 2017 [March 1, 2018 [ July 16,2018 | February 5, 2019 | November 6,2019 [January 10, 2020
Number of Options granted 521,500] 15,10,000) 5,50,000] 3,06,950] 407,000 724,000] 18,72,100] 1,95,000
Method of Settlement Equity Equity Equity

Vesting

exercisable period
Vesting Conditions

 

 

 

 

 

 

 

 

 

]20% after one year from the die of grant Te
July 1, 2015

 

[0% after two years Irom the date of grant Le
July 1, 2016

 

[balance 3096 aller Unre years Irom the date of
grant Le. July 1, 2017,

[25%6 after one year from the date of grant and every year thereafter

[256 aller one year from the date of grant and
every year therealter

 

3 years from the Vesting date

years from the Vesting date

 

No vesting conditions has been prescribed

From second vesting anche onwards, based on performance rating ofthe employee

 

 

 

 

 

 

 

 

[exercise Price Per Option (RS) 36 105 eas eT ero eas ene ee
Following are the outstanding options as at period! year end:
Employee stock option scheme 2014 Employee stock option scheme 2016 “Employee stock option scheme 2019
[Particulars Asal Asal Asal ‘Asal Asal Asal ‘As atl Asal Asal Asal Asal As at ‘As at] Asal] Asal
December 31, 2020] December 31, 2019] March 31, 2020 March3i, 2019 March 31, 2018 December 31,] December 31]  March31, 2020| March 31, 2019] March 31, 2018] December 31,| December 31,| March 31, 2020] March 31, 2019| March 31, 2018
2020] 2019| 2020| 2015|

Total Options granted and oustanding atthe = 7,200 Tsao] 1427,091 201,972 Dao1 a7 18,04,158 [_15,10,000 720,67,100, 5 : > 5
beginning of the period year
|Add: Options granted during the period! year = 5 = E = : 17,31,000 356,950, 18,72,100 5
Less: Options forfelted / lapsed during the period = > @400)) (156,532) 288.453) CDAD) (50,659) 4,03,160) 230,250] - - - ‘
year
Less: Options exercised during the period! year 5 5 200) (72,350)| (52,565) (229,399) Gi.) ema! 0.5563) a2] : : = :
|Options Outstanding as at end ofthe period year 5 5 : 1,200 | 14,18,796 17,84,089 14,27,091 23,01,972 | __18,04,158 17,88,025 Ta72,100 | __20,67,400 E

= Vested : : 1,200 54.619 227,111 2,87,628 2,76,307 1,45,704 3.83,175, : i =

= Yet to Vest : : 364177 15,56,978 11.40,263 20,25,665 6.58.45 14,05,450 18,72,100 | __20,67,100, = 5

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“The value of options have been estimated onthe dave ofthe grant using Black-Scholes model

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