BT 2015 Annual Report Download - page 182

180 BT Group plc
Annual Report 2015
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Overview
The company has savings-related share option plans for its employees and those of participating subsidiaries, further share option plans for selected
employees and a stock purchase plan for employees in the US. It also has several share plans for executives. All share-based payment plans are equity
settled and details of these plans and an analysis of the total charge by type of award is set out below.
Year ended 31 March
2015
£m
2014
£m
2013
£m
Employee Saveshare Plans 25 25 25
Executive Share Plans:
ncentive hare lan  32 21 27
eferred onus lan  91110
Other plans 432
70 60 64
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Under an  approved savins-related share option plan eploees save on a onthl basis over a three or five-ear period towards the
purchase of shares at a fied price deterined when the option is ranted. his price is usuall set at a 0 discount to the aret price for five-
year plans and 10% for three-year plans. The options must be exercised within six months of maturity of the savings contract, otherwise they lapse.
Similar plans operate for BT’s overseas employees.
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Under the ISP, participants are only entitled to these shares in full at the end of a three-year period if the company has met the relevant pre-
deterined corporate perforance easures and if the participants are still eploed b the roup. or  awards ranted in 011 011
and 011 0 of each award is lined to a total shareholder return  taret for a coparator roup of copanies fro the beinnin of the
relevant perforance period 0 is lined to a three-ear cuulative free cash ow easure and 0 to rowth in underlin revenue ecludin
transit.
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Under the DBP, awards are granted annually to selected employees of the group. Shares in the company are transferred to participants at the end of
three years if they continue to be employed by the group throughout that period.
In accordance with the terms of the ISP and DBP, dividends or dividend equivalents earned on shares during the conditional periods are reinvested
incopan shares for the potential benefit of the participants.
Employee Saveshare Plans
Movements in Employee Saveshare options are shown below.
Movement in the number of share options Weighted average exercise price
Year ended 31 March
2015
millions
2014
millions
2013
millions
2015
pence
2014
pence
2013
pence
Outstanding at 1 April 459 490 561 102 91 79
Granted 81 40 66 326 257 176
Forfeited 9 10 10 239 158 120
Exercised 0  119 65 110 69
Expired 1   163 78 188
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Exercisable at 31 March – 2 – 74 111 –
he weihted averae share price for all options eercised durin 011 was p 011 p 011 1p.
he followin table suarises inforation relatin to options outstandin and eercisable under ploee aveshare plans at 1arch 01.
oral dates of vestin and eercise based on calendar ears
Exercise price per
share
Weighted
average
exercise
price
Number of
outstanding
options
millions
Weighted
average
remaining
contractual
life
2015 104p – 189p 135p 61 10 months
2016 156p – 280p 205p 33 22 months
2017 168p – 359p 236p 54 34 months
2018 249p – 319p 251p 22 46 months
2019 319p 319p 56 58 months
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