Notes to the consolidated financial statements of Aegon N.V.  Note 14 216 In 2010, 4,266,107 shares were conditionally granted to participants in the 2010 Long Term Incentive Plan. The shares were granted  using the share price of EUR 4.851. Following the performance period 5,408,521 shares were allocated. These shares vested on  May 2, 2013 on the basis of realized performance and became unconditional. Holding periods of two years apply for vested shares  awarded to Members of the Executive Board and Management Board at the time of the conditional grant. Following the 2011 performance year 6,441,488 shares were allocated to participants in the 2011 Long Term Incentive Plan and  the 2011 Variable Compensation Plan for Identified Staff. The shares were granted using the share price of EUR 4.727. As per  December 31, 2013 392,880 shares had vested. Additional holding periods of up to 3 years may apply. 6,032,524 shares are unvested  and will vest in future years. Following the 2012 performance year 13,343,782 shares were allocated to participants in the 2012 Long Term Incentive Plan  and the 2012 Variable Compensation Plan for Identified Staff. The shares were granted using the share price of EUR 3.126. As per  December 31, 2013 659,232 shares had vested. Additional holding periods of up to 3 years may apply. 12,676,414 shares are unvested  and will vest in future years. In 2013, 5,735,046 shares were conditionally granted (at target performance level) to participants in the 2013 Long Term Incentive  Plan and the 2013 Variable Compensation Plan for Identified Staff. The shares were granted using the share price of EUR 4,917. Senior executives of Aegon companies, as well as other Aegon employees, have been offered both share appreciation rights and  share options. These share appreciation rights and share options have been granted at an exercise price equal to the market price of  the shares at the date of the grant. The rights and options granted in 2006 - 2008 vest after three years and can only be exercised  during the four years after the vesting date. Vesting and exercisability depend on continuing employment of the individual employee to  whom the rights and options have been granted. Option plans are settled in equity, whilst stock appreciation rights are settled in cash  or provide the employee with the choice of settlement.  After 2008 no share option or share appreciation rights were granted. In compliance with regulations under Dutch law, share appreciation rights and share options cannot be exercised in blackout periods.  The following tables present the movements in number of share appreciation rights outstanding (SARs), as well as the breakdown by  the year in which they were granted. Number of  SARs Weighted  average  exercise price in EUR Weighted  average  remaining  contractual  term in years Aggregate  intrinsic in  EUR million Outstanding at January 1, 2012 2,836,449 11.09 0.60 - Forfeited (228,800) 11.21 Expired (2,171,649) 10.86 Outstanding at December 31, 2012 436,000 12.19 1.31 ­ Forfeited (126,800) 13.78 Expired (21,300) 14.00 Outstanding at December 31, 2013 287,900 11.35 0.81 ­ Exercisable at December 31, 2013 287,900 11.35 0.81 ­ Share appreciation rights Share appreciation rights and share options Annual Report 2013