At 31 December 2009, the Group’s issued common stock amounted to EUR 69.7 million, comprising 69,720,462 fully paid-up shares of EUR 1.0 per value each. Changes in the total number of shares issued by the Company during the last five years were as follows:

Change in Common Stock

	Year	Changes in Common stock	Date	New shares	Total number of shares	Common stock	Additional paid-in capital	New Common stock
						(in EUR millions)
	2005	Exercise of stock options	31/03/2005	222,499	67,160,753	0.2	7.2	67.2
		Exercise of stock options	30/06/2005	78,260	67,239,013	0.1	1.9	67.2
		Exercise of stock options	30/09/2005	91,253	67,330,266	0.1	2.6	67.3
		Exercise of stock options	31/12/2005	33,199	67,363,465	0.0	1.0	67.4
	2006	Exercise of stock options	31/03/2006	144,022	67,507,487	0.1	5.3	67.5
		Exercise of stock options	30/06/2006	31,645	67,539,132	0.0	0.9	67.5
		Exercise of stock options	30/09/2006	85,844	67,624,976	0.1	2.1	67.6
		Stock purchase plan	20/12/2006	1,230,757	68,855,733	1.2	42.0	68.9
		Exercise of stock options	31/12/2006	25,232	68,880,965	0.0	1.0	68.9
	2007	Exercise of stock options	31/03/2007	23,624	68,904,589	0.0	0.6	68.9
		Exercise of stock options	30/06/2007	79,229	68,983,818	0.1	2.0	69.0
		Exercise of stock options	30/09/2007	21,753	69,005,571	0.0	0.5	69.0
		Stock Purchase Plan	20/12/2007	693,439	69,699,010	0.7	21.9	69.7
		Exercise of stock options	31/12/2007	11,144	69,710,054	0.0	0.3	69.7
	2008	Exercise of stock options	31/03/2008	1,708	69,711,862	0.0	0.0	69.7
		Exercise of stock options	30/06/2008	2,746	69,714,608	0.0	0.1	69.7
		Exercise of stock options	31/12/2008	2,845	69,717,453	0.0	0.1	69.7
	2009	Exercise of stock options	31/12/2009	3,009	69,720,462	0.0	0.1	69.7

Potential Common Stock 

Based on 69,720,462 shares in issue, the common stock of the Group could be increased by 10,310,776 new shares, representing 12.9% of the common stock after dilution. This dilution can occur only through the exercise of stock subscription options granted to employees, as such:

		31 December 2009	31 December 2008	Change		% dilution	EUR millions
	Number of shares outstanding	69,720,462	69,717,453	3,009
	Stock subscription options	10,310,776	7,153,540	3,157,236		12.9%	446.0
	Total Employees	10,310,776	7,153,540	3,157,236		12.9%	446.0
	Total potential common stock	80,031,238	76,870,993	3,160,245

The exercise of all the options would have the effect of increasing total shareholders’ equity by EUR 446.0 million and common stock by EUR 10.3 million.  

Stock options evolution

During the period, 3,537,500 new stock subscription options were granted to employees at a share price of EUR 28.18. A total of 377,255 stock subscription options were cancelled (i.e. forfeited or expired) in 2009 and 3,009 were exercised.