Aviva 2006 Annual Report Download - page 160

Download and view the complete annual report

Please find page 160 of the 2006 Aviva annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 254

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254

Aviva plc
Annual Report and Accounts 2006 156
Notes to the consolidated financial statements continued
28 – Equity compensation plans continued
(iv) Long-term incentive plan awards
These awards have been made to senior Group executives since 2001 and are described in section (b) below and in the Directors’
remuneration report.
(v) Deferred bonus plan awards
These awards have been made under the Aviva Deferred Bonus Plan, and are described in section (b) below and in the Directors’
remuneration report. The Group has established various employee share trusts to facilitate the delivery of shares under the above
schemes. Details of these trusts are given in note 29.
(vi) Annual bonus plan awards
These awards have been made under the Aviva Bonus Plan, and are described in section (b) below and in the Directors’
remuneration report.
(b) Outstanding options and awards
(i) Share options
At 31 December 2006, options to subscribe for ordinary shares of 25 pence each in the Company were outstanding as follows:
Option price Number Option price Number
Aviva Savings Related Share Option Scheme p of shares Normally exercisable p of shares Normally exercisable
750.00 25,725 2006 406.00 1,565,926 2006, 2008 or 2010
895.20 59,053 2005 or 2007 428.00 1,754,101 2007, 2009 or 2011
664.00 435,637 2006 or 2008 491.00 4,548,158 2008, 2010 or 2012
401.00 4,914,256 2005, 2007 or 2009 593.00 3,623,585 2009, 2011 or 2013
Option price Number Option price Number
Hibernian Savings Related Share Option Scheme (in euros) c of shares Normally exercisable c of shares Normally exercisable
1,087.56 10,114 2006 630.12 103,642 2007 or 2009
662.85 82,057 2005 or 2007 719.00 168,230 2008 or 2010
586.00 164,017 2006 or 2008 879.00 243,008 2009 or 2011
Option price Number Option price Number
RAC Savings Related Share Option Scheme p of shares Normally exercisable p of shares Normally exercisable
291.27 20,252 2004 or 2006 354.94 606,313 2007 or 2009
312.27 377,770 2006 or 2008
Option price Number Option price Number
Aviva Executive ShareOption Scheme pof shares Normally exercisable p of shares Normally exercisable
677.50 6,587 2000 to 2007 822.00 48,629 2003 to 2010
725.50 2,345 2000 to 2007 972.33 14,459 2003 to 2010
857.50 19,987 2000 to 2007 960.00 55,763 2003 to 2010
1073.31 8,385 2001 to 2008 1035.00 710,408 2004 to 2011
1119.00 35,193 2001 to 2008 499.00 14,272 2005 to 2012
853.00 223,724 2001 to 2008 516.00 1,172,983 2005 to 2012
965.00 7,425 2002 to 2009 512.00 1,600,043 2006 to 2013
870.83 44,742 2002 to 2009 526.00 3,732,102 2007 to 2014
919.00 454,892 2002 to 2009
Option price Number
General Accident Executive ShareOption Scheme pof shares Normally exercisable
766.42 71,913 2000 to 2007
Option price Number Option price Number
Aviva Executive Share Option Scheme (Delta Lloyd) p of shares Normally exercisable p of shares Normally exercisable
739.00 246,142 2002 to 2007 380.00 327,961 2003 to 2008
Option price Number
RAC Executive ShareOption Scheme pof shares Normally exercisable
347.49 4,136 2005 to 2009
Option price Number Option price Number
CGU plc Deferred Bonus Plan p of shares Normally exercisable p of shares Normally exercisable
899.50 15,462 2002 to 2009 875.00 29,316 2003 to 2010
966.50 1,986 2002 to 2009
Financial statements continued