Barclays 2006 Annual Report Download - page 232

Notes to the accounts
For the year ended 31st December 2006
Barclays PLC
Annual Report 2006
228
51 Share-based payments (continued)
For the purposes of determining the expected life and number of options to vest, historical exercise patterns have been used, together with an
assumption that a certain percentage of options will lapse due to leavers.
The assumed dividend yield for Barclays PLC is the average annual dividend yield on the date of grant of 4%. The expected dividends for BGI UK
Holdings Limited are assumed to grow in line with the expected increases in share prices for the industry sector until exercise giving a yield of 2%.
Dividend yield for AGLSIT of 3.5% was based on the average 12-month trailing yield over the year to grant date.
Analysis of the movement in the number and weighted average exercise price of options is set out below:
Sharesave(a) Sharepurchase(a)(d)
Number Weighted average Number Weighted average
(000s) ex. price (£) (000s) ex. price (£)
2006 2005 2006 2005 2006 2005 2006 2005
Outstanding at beginning of year 85,686 97,266 3.95 3.69 1,126 –––
Granted in the year 17,449 19,492 5.11 4.44 1,561 1,190 ––
Exercised/released in the year (18,727) (24,365) 3.84 3.34 (113) (41) ––
Less: forfeited in the year (5,479) (6,670) 4.11 3.82 (102) (23) ––
Less: expired in the year –(37) –3.46 ––––
Outstanding at end of year 78,929 85,686 4.22 3.95 2,472 1,126 ––
Of which exercisable: 915 1,189 3.87 3.28 ––––
ESAS(a)(d) PSP(a)(d)
Number Weighted average Number Weighted average
(000s) ex. price (£) (000s) ex. price (£)
2006 2005 2006 2005 2006 2005 2006 2005
Outstanding at beginning of year 121,515 100,284 ––20,269 –––
Granted in the year 59,758 46,374 ––22,563 20,269 ––
Exercised/released in the year (33,663) (22,237) ––––––
Less: forfeited in the year (5,251) (2,906) ––––––
Less: expired in the year ––––––––
Outstanding at end of year 142,359 121,515 ––42,832 20,269 ––
Of which exercisable: 9,607 9,548 ––––––
BGI EOP(b) Absa BEE(c)
Number Weighted average Number Weighted average
(000s) ex. price (£) (000s) ex. price (£)
2006 2005 2006 2005 2006 2005 2006 2005
Outstanding at beginning of
year/acquisition date 5,442 7,575 25.26 12.74 73,152 73,152 4.41-6.35 4.41-6.35
Granted in the year 3,973 2,360 81.12 39.09 ––––
Exercised/released in the year (2,188) (4,368) 19.92 11.21 ––––
Less: forfeited in the year (298) (125) 52.66 18.52 ––––
Less: expired in the year ––––––––
Outstanding at end of year 6,929 5,442 57.79 25.26 73,152 73,152 3.50-5.03 4.41-6.35
Of which exercisable: 1,050 1,751 18.99 11.18 ––––
Notes
(a) Options/award granted over Barclays PLC shares.
(b) Options/award granted over Barclays Global Investors UK Holdings Limited shares.
(c) Options/award granted over Absa Group Limited shares.
(d) Nil cost award.