BT 2009 Annual Report Download - page 130

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS – NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
128 BT GROUP PLC ANNUAL REPORT & FORM 20-F
31. Share based payments continued
During 2009, the increase in the number of Sharesave option forfeitures reflects the impact of an additional UK Sharesave grant with
exercise prices of 111p and 124p, being lower than other unvested Sharesave options. These options were granted in January 2009. A
further UK Sharesave was subsequently launched in March 2009, and options were granted in April 2009 at exercise prices of 61p and 68p.
This also increased the number of forfeitures towards the end of 2009.
The weighted average share price for options exercised during the year was 180p (2008: 293p, 2007: 265p). The following table
summarises information relating to options outstanding and exercisable under all share option plans at 31 March 2009, together with their
exercise prices and dates:
Number of Number of
Exercise outstanding exercisable
price options options
Normal dates of vesting and exercise (based on calendar years) per share millions millions
BT Group Employee Sharesave Plans
2008 154p-192p 1 1
2009 146p–231p 46 –
2010 171p–294p 18 –
2011 137p–208p 16 –
2012 124p–262p 19 –
2013 185p 11 –
2014 111p 25 –
Total 136 1
BT Group Legacy Option Plan
2001-2011 318p–648p 9 9
Total 99
BT Group Global Share Option Plan
2004-2014 176p–199.5p 25 25
2005-2015 179p–263p 8 8
Total 33 33
Total options 178 43
The options outstanding under all share option plans at 31 March 2009, have weighted average remaining contractual lives as follows:
Employee Sharesave GSOP and GLOP
Weighted Number of Weighted Weighted Number of Weighted
average outstanding average average outstanding average
Range of exercise exercise options contractual Range of exercise exercise options contractual
prices price millions remaining life prices price millions remaining life
100p – 199p 140p 117 32 months 150p-317p 198p 33 65 months
200p – 300p 231p 19 32 months 318p-650p 479p 9 20 months
Total 136 42
Executive share plans
Movements in executive share plans during 2009 are shown below:
Millions of shares
ISP DBP RSP Total
At 1 April 2008 66.4 12.4 2.6 81.4
Awards granted 30.9 7.1 0.2 38.2
Awards vested (5.3) (4.2) (1.4) (10.9)
Awards lapsed (24.6) (1.4) (0.1) (26.1)
Dividend shares reinvested 7.8 1.6 0.2 9.6
At 31 March 2009 75.2 15.5 1.5 92.2
At 31 March 2009, 1.3m shares (2008: 2.1m) were held in trust and 90.9m shares (2008: 79.3m) were held in treasury for executive share
plans.
FINANCIAL STATEMENTS