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Share-based payments (Tables)
 12 Months Ended
Dec. 31, 2018
Share-based Payment Arrangements [Abstract]  
Explanation of effect of share-based payments on entity's profit or loss
The following share-based payment amounts are included in the income statements as operating costs.
FOR THE YEAR ENDED DECEMBER 31
2018

2017

ESP
(29
)
(28
)
RSUs/PSUs
(50
)
(44
)
Other (1)
(10
)
(9
)
Total share-based payments
(89
)
(81
)

(1) Includes DSP, DSUs and stock options.
Disclosure of number and weighted average exercise prices of share options
The following table summarizes the status of unvested employer contributions at December 31, 2018 and 2017.
NUMBER OF ESP SHARES
2018

2017

Unvested contributions, January 1
1,039,030

1,073,212

Contributions(1)
671,911

610,657

Dividends credited
56,926

49,299

Vested
(501,089
)
(553,837
)
Forfeited
(146,352
)
(140,301
)
Unvested contributions, December 31
1,120,426

1,039,030

(1)
The weighted average fair value of the shares contributed was $55 in 2018 and $60 in 2017.
The following table summarizes BCE’s outstanding stock options at December 31, 2018 and 2017.
 
 
2018
2017
 
NOTE
NUMBER OF OPTIONS

WEIGHTED AVERAGE EXERCISE PRICE ($)

NUMBER OF OPTIONS

WEIGHTED AVERAGE EXERCISE PRICE ($)

Outstanding, January 1
 
10,490,249

55

10,242,162

52

Granted
 
3,888,693

56

3,043,448

59

Exercised(1)
27
(266,941
)
42

(2,555,863
)
45

Forfeited
 
(39,669
)
58

(239,498
)
58

Outstanding, December 31
 
14,072,332

56

10,490,249

55

Exercisable, December 31
 
4,399,588

52

2,013,983

45

(1)
The weighted average share price for options exercised was $55 in 2018 and $60 in 2017.
Disclosure of number and weighted average exercise prices of other equity instruments
The following table summarizes the status of outstanding DSUs at December 31, 2018 and 2017.
NUMBER OF DSUs
2018

2017

Outstanding, January 1
4,309,528

4,131,229

Issued(1)
94,580

69,742

Settlement of RSUs/PSUs
112,675

101,066

Dividends credited
240,879

203,442

Settled
(365,665
)
(195,951
)
Outstanding, December 31
4,391,997

4,309,528

(1)
The weighted average fair value of the DSUs issued was $55 in 2018 and $59 in 2017.
The following table summarizes outstanding RSUs/PSUs at December 31, 2018 and 2017.
NUMBER OF RSUs/PSUs
2018

2017

Outstanding, January 1
2,740,392

2,928,698

Granted(1)
1,006,586

879,626

Dividends credited
149,258

132,402

Settled
(1,027,321
)
(1,096,403
)
Forfeited
(56,218
)
(103,931
)
Outstanding, December 31
2,812,697

2,740,392

Vested, December 31(2)
880,903

985,382

(1)
The weighted average fair value of the RSUs/PSUs granted was $57 in 2018 and $58 in 2017.
(2)
The RSUs/PSUs vested on December 31, 2018 were fully settled in February 2019 with BCE common shares and/or DSUs.
Disclosure of range of exercise prices of outstanding share options
The following table provides additional information about BCE’s stock option plans at December 31, 2018.
 
STOCK OPTIONS OUTSTANDING
RANGE OF EXERCISE PRICES
NUMBER

WEIGHTED AVERAGE REMAINING LIFE (YEARS)

WEIGHTED AVERAGE EXERCISE PRICE ($)

$40-$49
1,747,042

2

46

$50-$59
12,232,011

5

57

$60 & above
93,279

5

61

 
14,072,332

4

56
Disclosure of indirect measurement of fair value of goods or services received, share options granted during period
The following table shows the principal assumptions used in the valuation.
 
2018

Weighted average fair value per option granted
$2.13
Weighted average share price
$57
Weighted average exercise price
$56
Dividend yield
5
%
Expected volatility
12
%
Risk-free interest rate
2
%
Expected life (years)
4