BT 2014 Annual Report Download - page 103
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100 Governance
Share options held at 31 March 2014 (audited)
Number of shares under option
01/4/2013 Granted Lapsed Exercised
31/03/2014
Option price
per share
Market price
at date of
exercise
Usual date
from which
exercisable
Usual
expiry
date
Sir Michael Rake 1,485
a – – –
1,485 104p – 1/8/2016 1/2/2017
Gavin Patterson 98,178
b – – 98,178
c – 192p 335p 24/6/2007 24/6/2014
Tony Chanmugam 37,384
b – – 37,384
e – 192p 395p 24/6/2007 24/6/2014
– 6,024d – –
6,024 249p 1/8/2018 1/2/2019
Total { 137,047{ 6,024 { –{ 135,562
{ 7,509 { { { { {
Former director
Ian Livingston 769f–769 ––104p –1/8/2016 1/2/2017
All of the above options were granted for nil consideration.
a Options granted on 17 June 2010 under the employee saveshare scheme, in which all employees
of the company are entitled to participate.
b Options granted under the Global Share Option Plan GSOP) on 24 June 2004. The exercise of
options was subject to a performance measure being met. The performance measure was relative
TS5 compared with a group of 20 companies from the European Telecom Sector as at 1 April
2004. BTos TS5 had to be in the upper Tuartile 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.
c Options exercised on 26 July 2013. Shares were retained after exercise of options.
d Options granted on 27 June 2013 under the employee saveshare scheme, in which all employees
of the company are entitled to participate.
e Options exercised on 14 March 2014. Shares were retained after exercise of options.
f Options granted on 17 June 2010 under the employee saveshare scheme, in which all employees
of the company are entitled to participate.
Shares held under the Employee Share Investment Plan (ESIP) at 31 March 2014 (audited)
Total number
of shares at
31 March 2014
Gavin Patterson 247
Tony Chanmugam 679
During the year, no awards were made under the ESIP.
All UK employees may participate in the ESIP. The awards are not subject to any performance conditions.
This ends the audited section of the report.