XML 104 R76.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee deferred compensation (Tables)
 12 Months Ended
Dec. 31, 2013
Share-based compensation disclosures  
Deferred compensation expense
Deferred compensation expense

in 2013 2012 2011
Deferred compensation expense (CHF million)   
Share awards 814 786 767
Performance share awards 590 366 0
Plus Bond awards  1 37 – –
2011 Partner Asset Facility awards  2 77 677 0
Adjustable Performance Plan share awards 31 74 0
Adjustable Performance Plan cash awards 4 286 1,106
Restricted Cash Awards 145 165 253
Scaled Incentive Share Units 41 97 415
Incentive Share Units  3 (3) 62 174
2008 Partner Asset Facility awards  2 93 173 3
Other cash awards 434 362 334
Discontinued operations (21) (23) (21)
Total deferred compensation expense   2,242 3,025 3,031
Total shares delivered (million)   
Total shares delivered 33.7 31.6 24.2
1
Compensation expense primarily relates to mark-to-market changes of the underlying assets of the Plus Bonds and the amortization of the voluntary Plus Bonds elected in the first quarter of 2013 and expensed over a three-year period.
2
Compensation expense mainly includes the change in the underlying fair value of the indexed assets during the period.
3
Includes forfeitures.




Additional information
Estimated unrecognized deferred compensation

end of 2013
Estimated unrecognized compensation expense (CHF million)   
Share awards 804
Performance share awards 221
Plus Bond awards 18
Adjustable Performance Plan share awards 11
Adjustable Performance Plan cash awards 13
Restricted Cash Awards 136
Other cash awards 111
Total   1,314
Aggregate remaining weighted-average requisite service period (years)   
Aggregate remaining weighted-average requisite service period 1.3
Does not include the estimated unrecognized compensation expense relating to grants made in 2014 for 2013.




Share options | Share option plan
  
Share-based compensation disclosures  
Share-based award activities
Share option activities

  2013 2012 2011


Number

of share

options

in million 		Weighted-

average

exercise

price

in CHF

Number

of share

options

in million 		Weighted-

average

exercise

price

in CHF

Number

of share

options

in million 		Weighted-

average

exercise

price

in CHF
Share options   
Balance at beginning of period   5.3 32.59 16.9 51.00 29.8 64.58
Exercised 0.0 0.00 0.0 0.00 (0.1) 31.78
Forfeited (0.1) 70.90 0.0 0.00 0.0 0.00
Expired (4.8) 30.59 (11.6) 59.36 (12.8) 82.61
Balance at end of period   0.4 50.77 5.3 32.59 16.9 51.00
   of which exercisable at end of period   0.4 50.77 5.3 32.59 16.9 51.00




Performance shares | Performance share awards
  
Share-based compensation disclosures  
Share-based award activities
Performance Share award activities

  2013 2012
Number of

performance

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF 		Number of

performance

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF
Performance share awards   
Balance at beginning of period   23.3 23.90 – –
Granted 26.6 26.44 23.7 23.90
Settled (7.6) 23.90 0.0 0.00
Forfeited (0.9) 24.92 (0.4) 23.90
Balance at end of period   41.4 25.51 23.3 23.90
   of which vested   2.7 – 0.9 –
   of which unvested   38.7 – 22.4 –




Stock compensation plan | Share awards
  
Share-based compensation disclosures  
Share-based award activities
Share award activities

  2013 2012 2011


Number of

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF

Number of

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF

Number of

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF
Share awards   
Balance at beginning of period   55.8 34.28 48.1 41.91 17.3 43.86
Granted 40.4 26.43 25.1 23.44 40.5 41.08
Settled (20.0) 34.09 (14.9) 40.20 (7.6) 43.32
Forfeited (3.3) 31.80 (2.5) 37.36 (2.1) 43.39
Balance at end of period   72.9 30.09 55.8 34.28 48.1 41.91
   of which vested   5.8 – 3.9 – 1.8 –
   of which unvested   67.1 – 51.9 – 46.3 –




Stock compensation plan | Adjustable Performance Plan share awards
  
Share-based compensation disclosures  
Share-based award activities
Adjustable Performance Plan share award activities

  2013 2012
Number of

APP share

awards

in million 		Number of

APP share

awards

in million
Adjustable Performance Plan share awards   
Balance at beginning of period   30.8 –
Granted 1.2 1 31.0
Settled (17.2) 0.0
Forfeited (0.3) (0.2)
Balance at end of period   14.5 30.8
   of which vested   1.2 0.3
   of which unvested   13.3 30.5
1
Represents additional units earned in the first quarter of 2013 as the original Adjustable Performance Plan awards met performance criteria in accordance with the terms and conditions of the awards.




Stock compensation plan | Scaled Incentive Share Unit (SISU)
  
Share-based compensation disclosures  
Share-based award activities
Scaled Incentive Share Unit activities

2013 2012 2011
SISU awards (million)   
Balance at beginning of period   9.6 14.7 20.4
Settled (4.8) (4.9) (5.1)
Forfeited (0.1) (0.2) (0.6)
Balance at end of period   4.7 9.6 14.7
   of which vested   1.2 1.7 1.0
   of which unvested   3.5 7.9 13.7




Stock compensation plan | Incentive Share Unit (ISU)
  
Share-based compensation disclosures  
Share-based award activities
Incentive Share Unit activities

2013 2012 2011
ISU awards (million)   
Balance at beginning of period   3.6 13.3 37.7
Settled (1.8) (8.8) (23.3)
Forfeited (0.6) (0.9) (1.1)
Balance at end of period   1.2 3.6 13.3
   of which vested   0.1 0.4 1.4
   of which unvested   1.1 3.2 11.9




Bank
  
Share-based compensation disclosures  
Deferred compensation expense
Deferred compensation expense

in 2013 2012 2011
Deferred compensation expense (CHF million)   
Share awards 806 773 759
Performance share awards 580 362 0
Plus Bond awards  1 37 – –
2011 Partner Asset Facility awards  2 77 675 0
Adjustable Performance Plan share awards 30 71 0
Adjustable Performance Plan cash awards 4 281 1,087
Restricted Cash Awards 145 165 252
Scaled Incentive Share Units 38 95 404
Incentive Share Units  3 (3) 62 172
2008 Partner Asset Facility awards  2 93 173 3
Other cash awards 430 363 337
Discontinued operations (21) (23) (21)
Total deferred compensation expense   2,216 2,997 2,993
Total shares delivered (million)   
Total shares delivered 32.6 30.9 23.7
1
Compensation expense primarily relates to mark-to-market changes of the underlying assets of the Plus Bonds and the amortization of the voluntary Plus Bonds elected in the first quarter of 2013 and expensed over a three-year vesting period.
2
Compensation expense mainly includes the change in the underlying fair value of the indexed assets during the period.
3
Includes forfeitures.




Additional information
Estimated unrecognized deferred compensation

end of 2013
Estimated unrecognized compensation expense (CHF million)   
Share awards 800
Performance share awards 219
Plus Bond awards 18
Adjustable Performance Plan share awards 10
Adjustable Performance Plan cash awards 13
Restricted Cash Awards 136
Other cash awards 107
Total   1,303
Aggregate remaining weighted-average requisite service period (years)   
Aggregate remaining weighted-average requisite service period 1.3
Does not include the estimated unrecognized compensation expense relating to grants made in 2014 for 2013.




Bank | Share options | Share option plan
  
Share-based compensation disclosures  
Share-based award activities
Share option activities

  2013 2012 2011


Number

of share

options

in million 		Weighted-

average

exercise

price

in CHF

Number

of share

options

in million 		Weighted-

average

exercise

price

in CHF

Number

of share

options

in million 		Weighted-

average

exercise

price

in CHF
Share options   
Balance at beginning of period   5.2 32.61 16.5 50.99 28.3 63.94
Exercised 0.0 0.00 0.0 0.00 (0.1) 31.74
Forfeited (0.1) 70.90 0.0 0.00 0.0 0.00
Expired (4.7) 30.59 (11.3) 59.40 (11.7) 82.41
Balance at end of period   0.4 50.77 5.2 32.61 16.5 50.99
   of which exercisable at end of period   0.4 50.77 5.2 32.61 16.5 50.99




Bank | Performance shares | Performance share awards
  
Share-based compensation disclosures  
Share-based award activities
Performance share award activities

  2013 2012
Number of

performance

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF 		Number of

performance

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF
Performance share awards   
Balance at beginning of period   22.9 23.90 – –
Granted 26.2 26.44 23.3 23.90
Settled (7.5) 23.90 0.0 0.00
Forfeited (0.9) 24.92 (0.4) 23.90
Balance at end of period   40.7 25.51 22.9 23.90
   of which vested   2.7 – 0.9 –
   of which unvested   38.0 – 22.0 –




Bank | Stock compensation plan | Share awards
  
Share-based compensation disclosures  
Share-based award activities
Share award activities

  2013 2012 2011


Number of

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF

Number of

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF

Number of

share

awards

in million 		Weighted-

average

grant-date

fair value

in CHF
Share awards   
Balance at beginning of period   55.1 34.27 47.6 41.91 17.3 43.86
Granted 40.0 26.43 24.5 23.39 39.8 41.03
Settled (19.6) 34.12 (14.6) 40.43 (7.4) 43.39
Forfeited (3.3) 32.04 (2.4) 36.96 (2.1) 43.39
Balance at end of period   72.2 30.07 55.1 34.27 47.6 41.91
   of which vested   5.8 – 3.9 – 1.8 –
   of which unvested   66.4 – 51.2 – 45.8 –




Bank | Stock compensation plan | Adjustable Performance Plan share awards
  
Share-based compensation disclosures  
Share-based award activities
Adjustable Performance Plan share award activities

  2013 2012
Number of

APP share

awards

in million 		Number of

APP share

awards

in million
Adjustable Performance Plan share awards   
Balance at beginning of period   29.7 –
Granted 1.1 1 29.9
Settled (16.5) 0.0
Forfeited (0.3) (0.2)
Balance at end of period   14.0 29.7
   of which vested   1.2 0.3
   of which unvested   12.8 29.4
1
Represents additional units earned in the first quarter of 2013 as the original Adjustable Performance Plan awards met performance criteria in accordance with the terms and conditions of the awards.




Bank | Stock compensation plan | Scaled Incentive Share Unit (SISU)
  
Share-based compensation disclosures  
Share-based award activities
Scaled Incentive Share Unit activities

2013 2012 2011
SISU awards (million)   
Balance at beginning of period   9.4 14.4 20.0
Settled (4.7) (4.8) (5.0)
Forfeited (0.1) (0.2) (0.6)
Balance at end of period   4.6 9.4 14.4
   of which vested   1.2 1.7 1.0
   of which unvested   3.4 7.7 13.4




Bank | Stock compensation plan | Incentive Share Unit (ISU)
  
Share-based compensation disclosures  
Share-based award activities
Incentive Share Unit activities

2013 2012 2011
ISU awards (million)   
Balance at beginning of period   3.6 13.2 37.2
Settled (1.8) (8.7) (23.0)
Forfeited (0.6) (0.9) (1.0)
Balance at end of period   1.2 3.6 13.2
   of which vested   0.1 0.4 1.4
   of which unvested   1.1 3.2 11.8