BT 2009 Annual Report Download - page 68

ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
66 BT GROUP PLC ANNUAL REPORT & FORM 20-F
Share options held at 31 March 2009, or date of appointment if later
No. of shares under option
1 April 2008 Usual date
or date of 31 March Option price from which Usual expiry
appointment if later Granted Lapsed Exercised 2009 per share exercisable date
Sir Michael Rake – 8,797c8,797 – – 185p 14/08/2013 13/02/2014
– 7,560d7,560 – – 124p 01/03/2012 31/08/2012
I Livingston 6,250e– 6,250 – – 262p 14/08/2012 13/02/2013
– 14,594d14,594 – – 111p 01/03/2014 31/08/2014
T Chanmugama37,384f– – – 37,384 192p 24/06/2007 24/06/2014
H Lalani 90,625f– – – 90,625 192p 24/06/2007 24/06/2014
8,994g– 8,994 – – 179p 14/08/2011 13/02/2012
105,264h– – – 105,264 199.5p 24/06/2004 24/06/2013
– 7,560d7,560 – – 124p 01/03/2012 31/08/2012
G Pattersonb11,198i– – – 11,198 146p 14/08/2009 13/02/2010
98,178f– – – 98,178 192p 24/06/2007 24/06/2014
Former directors
F Barrault 362,500j– – – 362,500 180p 21/05/2007 21/05/2014
3,606k– 3,606 – – 262p 14/08/2010 13/02/2011
Total 723,999 38,511 57,361 –705,149
All of the above options were granted for nil consideration.
aTony Chanmugam was appointed as a director on 1 December 2008.
bGavin Patterson was appointed as a director on 1 June 2008.
cOption granted on 19 June 2008 under the Employee Sharesave Scheme, in which all employees of the company are entitled to participate. Sir Michael Rake cancelled the option, which was under water, on
13 January 2009.
dOptions granted on 13 January 2009 under the Employee Sharesave Scheme, in which all employees of the company are entitled to participate. Sir Michael Rake, Ian Livingston and Hanif Lalani cancelled
the options, which were under water, in March 2009.
eOption granted on 26 June 2007 under the Employee Sharesave Scheme, in which all employees of the company are entitled to participate. Ian Livingston cancelled the option, which was under water, on
13 January 2009.
fOptions granted under the GSOP on 24 June 2004. The exercise of options was subject to a performance measure being met. The performance measure was relative TSR compared with a group of
20 companies from the European Telecom Sector as at 1 April 2004. BT’s TSR had to be in the upper quartile for all the options to become exercisable. At median 30% of the options would be exercisable.
Below that point none of the options could be exercised. The three-year performance period ended on 31 March 2007. At that date, the company was at 8th position against the comparator group and as a
result, 42% of the options lapsed and 58% of each option became exercisable on 24 June 2007.
gOption granted on 23 June 2006 under the Employee Sharesave Scheme, in which all employees of the company are eligible to participate. Hanif Lalani cancelled the option, which was under water, on
13 January 2009.
hOption granted under the GSOP (Special Incentive Award) on 24 June 2003, prior to Hanif Lalani’s appointment as a Director. This option is not subject to a performance measure as the grant was linked to
personal performance.
iOption granted on 25 June 2004 under the Employee Sharesave Scheme, in which all employees of the company are eligible to participate.
jOption granted to François Barrault under the GSOP on 21 May 2004. The option was preserved for 12 months from the date on which François Barrault left the company, until 30 November 2009.
kOption granted on 26 June 2007 under the International Employee Sharesave Scheme. The option lapsed on 30 November 2008, the date François Barrault left the company.
Unrealised gains on share options
The market price of BT shares at 31 March 2009 was 78.2p (2008: 217.25p) and the range during the financial year 2008/09 was
71.4p-235.5p (2007/08: 205.5p-336.75p).
Unrealised gains on the options shown above, as at 31 March 2009, based on the market price of BT shares at that date were as shown
below:
2009 2008
Unrealised gains Unrealised gains
No. of £000 No. of £000
shares shares
F Barraulta– – 362,500 135
H Lalani – – 105,264 19
H Lalani – – 90,625 23
aFrançois Barrault left the company on 30 November 2008.
Tony Chanmugam and Gavin Patterson had no unrealised gains as at 31 March 2009.
Ben Verwaayen had no unrealised gains as at 31 March 2008. He left the company on 30 June 2008.
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