Shares, warrants or other rights

Shares, warrants or other rights to acquire shares awarded to, exercised by or expired for the executive committee members during financial year 2017

In 2017, only warrants were offered to the members of the executive committee, and no shares or other rights to acquire shares were awarded. No warrants expired for members of the executive committee in 2017 and, in aggregate, 112,500 warrants were exercised by members of the executive committee in 2017 (60,000 warrants were exercised by Onno van de Stolpe, 20,000 warrants by Piet Wigerinck and 32,500 warrants by Andre Hoekema). The board of directors does not consider the granted warrants as a variable remuneration, as they are not subject to any performance criteria. The following number of warrants were offered to and accepted by members of the executive committee in 2017: (1) under Warrant Plan 2016 (B), issued by the board of directors under the authorized capital on 20 January 2017, 150,000 warrants to Dr. Abi-Saab and (2) under Warrant Plan 2017, issued by the board of directors under the authorized capital on 17 May 2017, to Mr. Van de Stolpe: 100,000 warrants, to each of Dr. Wigerinck, Mr. Filius and Dr. Hoekema: 60,000 warrants, and to Dr. Abi-Saab: 45,000 warrants.

The warrants issued under Warrant Plan 2016 (B) have an exercise price of €62.50 per warrant, a life time of 8 years, and vest only and fully at the third anniversary of the deed of issuance of the warrants. The warrants cannot be exercised prior to the third anniversary of the deed of issuance of the warrants; they are not transferable, and each warrant gives the right to subscribe to one share of Galapagos NV.

The warrants issued under Warrant Plan 2017 have an exercise price of €80.57, a life time of 8 years, and vest only and fully at the end of the third calendar year after the year of the grant, except for Mr. Van de Stolpe, whose warrants vest over a period of 36 months at a rate of 1/36th per month. The warrants cannot be exercised prior to the end of the third calendar year after the year of the grant; they are not transferable, and each warrant gives the right to subscribe to one share of Galapagos NV.

At the end of 2017, Mr. Van de Stolpe owned 478,289 shares of Galapagos NV and 746,874 warrants. The other members of the executive committee held an aggregate of 52,502 shares and 1,292,500 warrants. The other members of the board held an aggregate of 33,594 shares and 216,060 warrants. Each warrant entitles its holder to subscribe to one share of Galapagos NV.