LONG-TERM INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2019

LONG-TERM INCENTIVE PLANS

Summary of changes in restricted and performance shares

Balance on January 1, 2017	20,433,491
Granted	3,170,952
Cancelled	(1,901,782)
Exercised	(2,727,577)
Balance on December 31, 2017	18,975,084
Granted	2,411,345
Cancelled	(3,150,635)
Exercised	(3,974,293)
Balance on December 31, 2018	14,261,501
Granted	2,647,995
Cancelled	(2,104,754)
Exercised	(1,786,335)
Balance on December 31, 2019	13,018,407

Summary of stock options by exercise price

	2019		2018		2017
		Average exercise		Average exercise		Average exercise
	Number of shares	price in the year	Number of shares	price in the year	Number of shares	price in the year
		R$		R$		R$
Available at beginning of the year	15,480	16.72	292,391	17.91	569,115	16.64
Options Exercised	—	—	(33,499)	14.86	—	—
Options Forfeited	(15,480)	16.72	(243,412)	18.62	(276,724)	15.11
Available at the end of the year	—	16.72	15,480	16.72	292,391	17.91