238 NOTES TO THE FINANCIAL STATEMENTS OF AEGON N.V.  NOTE 11 - 12 NOTE 11  OTHER EQUITY INSTRUMENTS  Junior perpetual  capital securities Perpetual cumulative  subordinated bonds Share options  not yet exercised Total At January 1, 2010 4,192 453 64 4,709 Share options cost incurred – – 7 7 Share options forfeited – – (12) (12) AT DECEMBER 31, 2010 4,192 453 59 4,704 At January 1, 2009 4,192 453 54 4,699 Share options cost incurred – – 13 13 Share options forfeited – – (3) (3) AT DECEMBER 31, 2009 4,192 453 64 4,709 Junior perpetual  capital securities Coupon rate Coupon date: as of Year of next call 2010 2009 2008 USD 500 million 6.5% Quarterly, December 15 2011 424 424 424 USD 250 million floating LIBOR rate  1 Quarterly, December 15 2011 212 212 212 USD 550 million 6.875% Quarterly, September 15 2011 438 438 438 EUR 200 million 6.0 % Annually, July 21 2011 200 200 200 USD 1,050 million 7.25% Quarterly, December 15 2012 745 745 745 EUR 950 million floating DSL rate  2 Quarterly, July 15 2014 950 950 950 USD 500 million floating CMS rate  3 Quarterly, July 15 2014 402 402 402 USD 1 billion 6.375% Quarterly, June 15 2015 821 821 821 AT DECEMBER 31 4,192 4,192 4,192 1  The coupon of the USD 250 million junior perpetual capital securities is reset each quarter based on the then prevailing three-month LIBOR yield plus  a spread of 87.5 basis points, with a minimum of 4%.  2  The coupon of the EUR 950 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year Dutch government  bond yield plus a spread of ten basis points, with a maximum of 8%.  3  The coupon of the USD 500 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year US dollar interest rate  swap yield plus a spread of ten basis points, with a maximum of 8.5%.  optional and required coupon payment deferral and mandatory  payments events. Although the securities have no stated  maturity, AEGON has the right to call the securities for  redemption at par for the first time on the coupon date in the  years as specified, or on any coupon payment date thereafter.  The interest rate exposure on some of these securities has been  swapped to a three-month LIBOR and/or EURIBOR related yield. The securities have been issued at par. The securities have  subordination provisions and rank junior to all other liabilities.  The conditions of the securities contain certain provisions for 