Barclays 2006 Annual Report Download - page 236

Notes to the accounts
For the year ended 31st December 2006
Barclays PLC
Annual Report 2006
232
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.
51 Share-based payments (continued)
The aggregate intrinsic value of options either fully vested or expected to vest at the balance sheet date and the total intrinsic value of options
exercisable at the balance sheet date is:
Aggregate intrinsic Total
value of options fully intrinsic value
vested or expected of options
to vest exercisable
2006 2005 2006 2005
£m £m £m £m
Sharesave(a) 243 188 33
BGI EOP(b) 233 172 76 80
Absa BEE(c) 299 215 ––
AGLSIT(c) 89 123 35 35
AGLSOT(c) 16 16 ––
ISOP(a) 210 176 44 24
ESOS(a) 6565
Woolwich ESOP(a) 2323
Total 1,098 898 166 150
The total fair value of shares vested during the year was:
2006 2005 2004
£m £m £m
ESAS(a)(d) 227 125 80
The total unrecognised share-based payment cost and weighted average vesting period related to awards that have not yet vested is:
Total unrecognised Weighted
share-based payment average remaining
cost vesting period
2006 2005 2006 2005
£m £m Years Years
Sharesave(a) 60 67 33
Sharepurchase(a)(d) 11 523
ESAS(a)(d) 121 122 22
PSP(a)(d) 64 18 22
BGI EOP(b) 55 15 22
AGLSIT(c) 11 19 23
AGLSOT(c) 2411
Absa PSP(c)(d) 28 –2–
ISOP(a) 323 –1
Total 355 273 n/a n/a
There were no modifications to the share-based payment arrangements in the years 2006, 2005 and 2004. As at 31st December 2006, the total
liability arising from cash-settled share-based payment transactions was £7m (2005: £nil).
At 31st December 2006, 6.9 million (2005: 5.4 million) options were outstanding under the terms of the BGI EOP (which would represent a 7.3%
interest if exercised). Employees in BGI own 9.4% of the shares in Barclays Global Investors UK Holdings Limited (2005: 12.1%). If all the current
options were exercised, £400.5m (2005: £137.5m) would be subscribed. Since the scheme was introduced, options over 19.3 million
(2005: 17.1 million) shares have been exercised, of which 8.3 million are still held by employees and represent a minority interest in the Group.
At 31st December 2006, there were 73.2 million, 18.8 million and 4.8 million options granted over Absa Group Limited shares under the Absa Group
Limited Black Economic Empowerment Transaction, Absa Group Limited Share Incentive Trust and Absa Group Limited Share Ownership Trust
respectively. In aggregate, these options would represent a 14.4% interest in Absa Group Limited if exercised.