Aviva 2005 Annual Report Download - page 74

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Aviva plc 2005 Governance
Governance continued
Directors’ remuneration report continued
Incentive plans
Details of the directors who held executive office for any part of the financial year, and hold or held options to subscribe for ordinary
shares of the Company or hold or held awards over shares in the Company, pursuant to the Company’s share-based incentive plans,
are as follows:
(a) Share options
At Options Options Options At
1 January granted exercised lapsing 31 December Exercise
2005 during year during year during year 2005 price
Number Number Number Number Number p Exercise period
Richard Harvey
– Savings related options
2002 4,426–––4,426 401.0 December 2009 – May 2010
Andrew Moss
– Savings related options
2005 – 3,279 – – 3,279 491.0 December 2010 – May 2011
Philip Scott
– Savings related options
2002 4,096–––4,096 401.0 December 2007 – May 2008
Patrick Snowball
– Savings related options
2003 2,272–––2,272 406.0 December 2006 – May 2007
“Savings related options” are options granted under the HM Revenue and Customs-approved Save As You Earn (SAYE) share option
scheme. Options are normally exercisable during the six month period following the end of the relevant (three, five or seven year)
savings contract.
The mid-market price of an ordinary share in the Company on 30 December 2005 ie the last business day of the year, was 705 pence,
and the mid-market prices during the year ranged from 577.5 pence to 709.5 pence.
(b) Share awards
Details of the performance conditions relating to these awards are set out in the notes below:
At Awards Awards Awards At Market price Market price
1 January granted vesting lapsing 31 December at date awards at date awards
2005 during year during year during year 2005 granted vested
Number Number Number Number Number p p Vesting date
Richard Harvey
Aviva Long-Term Incentive Plan
– 2000 107,988 – 54,101 53,887 –960.0 642.5 March 2005
– 2002 86,814 – 40,194 46,620 –739.0 642.5 March 2005
– 2003 175,000–––175,000 379.5 – March 2006
– 2004 139,059–––139,059 527.5 – March 2007
Aviva Long-Term Incentive
Plan 2005
– 2005 – 207,437 – – 207,437 633.5 – March 2008
Aviva Deferred Bonus Plan
– 2002 72,924 – 72,924 – –739.0 642.5 March 2005
– 2003 127,750–––127,750 379.5 – March 2006
– 2004 118,478–––118,478 527.5 – March 2007
– 2005 – 109,764 – – 109,764 633.5 – March 2008
Andrew Moss
Aviva Share Plan 36,539 – 23,077 – 13,462 520.0 708.0 December 2006
Aviva Long-Term Incentive Plan
– 2004 83,650–––83,650 535.0 – March 2007
Aviva Long-Term Incentive
Plan 2005
– 2005 – 102,803 – – 102,803 633.5 – March 2008
Aviva Deferred Bonus Plan
– 2005 – 61,408 – – 61,408 633.5 – March 2008
72