The stock options worth of Rs 435 crore, through 47.5 lakh shares of ICICI Bank, are with its top management team. The managing director KV Kamath is also included in the list. The shares have granted to the employees of the bank under the Employee Stock Option Scheme (ESOS) till March this year.

According to the ESOS scheme of ICICI Bank and the draft prospectus filed by the bank for its public issue with SEBI, the 0.05% of issued shares in stock option can be given to any employee of the bank in a financial year.

The collective of all such options was a maximum of 5% of total issued equity shares. As per the scheme, the ICICI had an alternative to allocate shares worth Rs 4,041.5 crore in stock options. The bank’s market cap was about Rs 81,660 crore on last Friday.

According to the data, the Indian investors have 28.87% shares and the foreign investors have 71.13% stake in the bank. Further, against a total of 90.28 crore shares issued, the bank management had 40.37 million shares worth Rs 3,665 crore have been granted in stock option to employees under ESOS in the fiscal year 2007.

At the same time, KV Kamath and other top employees have only half of the stock options shares and rest of the half were outstanding in their name. The employees held 22.38 million shares in the bank. They have an alternate option to have additional 22.80 million shares as on March 31.

According to the report, three other senior employees are such as joint MD Kalpana Morparia (8.05 lakh shares), deputy MD Chanda Kochhar (6.30 lakh shares) and deputy MD Nachiket Mor (6.27 lakh shares).

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