XML 155 R60.htm IDEA: XBRL DOCUMENT
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Share-Based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2018
Share-Based Compensation Plans |
Schedule of changes in phantom shares options |
|  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2016
|  | Number of |  | Number of |  | Number of
|  | shares |  | shares |  | shares
Available at the beginning of the year |  | 5,055,519 |  | 3,048,991 |  | 3,570,103
Granted during the year |  | 1,415,476 |  | 3,035,488 |  | 1,092,921
Intercompany transfer |  | — |  | — |  | 32,061
Exercised (a) |  | (751,859) |  | (695,532) |  | (1,144,900)
Exercised due to dismissal (a) |  | (153,601) |  | (161,270) |  | (138,896)
Abandoned / prescribed due to dismissal |  | (520,178) |  | (172,158) |  | (362,298)
Available at the end of the year |  | 5,045,357 |  | 5,055,519 |  | 3,048,991
| (a) |  | For share options exercised and those exercised due to employment termination, the average price on December 31, 2018 and 2017 was R$ 47.77 and R$ 19.84, respectively.
Schedule of outstanding phantom shares option plans | On December 31, 2018, outstanding phantom shares option plans are as follows:
|  |  |  | 12/31/2018 |  |
|  |  |  |  |  | Fair value on |  |
|  |  |  | 2 nd exercise |  | the grant |  | No. of options
Program |  | Grant date |  | date |  | date |  | granted
Deferral 2014 |  | 3/1/2015 |  | 3/1/2019 |  | R$ 10.80 |  | 187,263
SAR 2015 |  | 4/1/2015 |  | 4/1/2020 |  | R$ 11.69 |  | 3,635
SAR 2015 - September |  | 9/1/2015 |  | 9/1/2020 |  | R$ 15.99 |  | 4,340
Deferral 2015 |  | 3/1/2016 |  | 3/1/2019 |  | R$ 16.93 |  | 72,096
Deferral 2015 |  | 3/1/2016 |  | 3/1/2020 |  | R$ 16.93 |  | 72,096
SAR 2016 |  | 4/1/2016 |  | 4/1/2021 |  | R$ 15.96 |  | 568,215
PLUS 2016 |  | 4/1/2016 |  | 4/1/2021 |  | R$ 15.96 |  | 192,142
SAR 2016 - October |  | 10/3/2016 |  | 10/3/2021 |  | R$ 11.03 |  | 8,934
SAR 2017 |  | 4/3/2017 |  | 4/3/2022 |  | R$ 13.30 |  | 938,457
PLUS 2017 |  | 4/3/2017 |  | 4/3/2022 |  | R$ 13.30 |  | 235,578
ILP 2017 - 36 |  | 4/3/2017 |  | 4/3/2020 |  | R$ 13.30 |  | 304,512
ILP 2017 - 48 |  | 4/3/2017 |  | 4/3/2021 |  | R$ 13.30 |  | 304,512
ILP 2017 - 60 |  | 4/3/2017 |  | 4/3/2022 |  | R$ 13.30 |  | 304,512
ILP 2017 - CAB |  | 5/1/2017 |  | 5/1/2020 |  | R$ 13.30 |  | 307,141
ILP 2017 - 36 Oct. |  | 10/2/2020 |  | 10/2/2020 |  | R$ 15.87 |  | 126,444
ILP 2017 - 48 Oct. |  | 10/2/2021 |  | 10/2/2021 |  | R$ 15.87 |  | 42,008
ILP 2017 - 60 Oct. |  | 10/2/2022 |  | 10/2/2022 |  | R$ 15.87 |  | 42,008
Deferral 2017 |  | 3/1/2018 |  | 3/1/2021 |  | R$ 19.88 |  | 196,535
Deferral 2017 |  | 3/1/2018 |  | 3/1/2022 |  | R$ 19.88 |  | 196,535
ILP 2018 |  | 4/2/2018 |  | 2/4/2018 |  | R$ 21.45 |  | 15,851
SAR 2018 |  | 4/2/2018 |  | 2/4/2018 |  | R$ 21.45 |  | 841,735
PLUS 2018 |  | 4/2/2018 |  | 2/4/2018 |  | R$ 21.45 |  | 80,808
|  |  |  | TOTAL |  |  |  | 5,045,357
Summary of assumptions used to calculate fair value of options |
|  | Indexes on December 31, 2018
|  | Options
|  |  |  | SAR 2016 and | SAR 2017 and | SAR 2018 and
Description of assumptions |  | Program III | SAR 2015 | Plus 2016 | Plus 2017 | Plus 2018
Calculation Model |  | Binomial | Monte Carlo | Monte Carlo | Monte Carlo | Monte Carlo
Asset base price (per share) |  | R$ 7.73 | R$ 42.46 | R$ 42.46 | R$ 42.46 | R$ 42.46
Expectation of volatility (a) |  | 40.47 % p.a. | 44.36 % p.a. | 44.36 % p.a. | 44.36 % p.a. | 44.36 % p.a.
Phantom stock/options average life expectancy (b) |  | Equal to option life
Dividends expectancy (c) |  | 3.49 % p.a. | 1% p.a. | 1% p.a. | 1% p.a. | 1% p.a.
Risk-free weighted average interest rate (d) |  | 8.99% | 8.72% | 8.72% | 8.72% | 8.72%
| (a) |  | The expectation of volatility was calculated for each exercise date, taking into account the remaining time to complete the vesting year, as well as the historical volatility of returns, considering a standard deviation of 745 observations of returns;
| (b) |  | The expectation of average life of phantom stocks and stock options was defined by the remaining term until the limit exercise date;
| (c) |  | The expectation of dividends was defined based on historical earnings per share of the Suzano;
| (d) |  | Risk-free weighted average interest rate used was the BRL yield curve (DI expectation) observed on the open market, which is the best comparison basis with the Brazilian market risk-free interest rates. The rate used for each exercise date changes according to the vesting year.
Schedule of amounts corresponding to services received and recognized |
|  | Liabilities and equity |  | Income Statement
|  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2016
Non-current liabilities |  |  |  |  |  |  |  |  |  |
Provision for phantom stock plan |  | 124,318 |  | 38,320 |  | (126,439) |  | (32,192) |  | 529
Shareholders' equity |  |  |  |  |  |  |  |  |  |
Stock option reserve |  | 5,100 |  | 14,237 |  | (5,170) |  | (1,521) |  | (3,337)
Total general and administrative expenses from share-based transactions |  |  |  |  |  | (131,609) |  | (33,715) |  | (2,808)

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2018-01-01 -Paragraph 47 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2018-03-01&anchor=para_47_b&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2018-01-01 -Paragraph 45 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=2&date=2018-03-01&anchor=para_45&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition The explanation that enables users of financial statements to understand the effect of share-based payment transactions on the entity's profit (loss) and financial position. + References No definition available. + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References No definition available. + Details
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