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52 easyJet plc Annual report and accounts 2009
REPORT ON DIRECTORS’ REMUNERATION CONTINUED
Executive Directors are deemed to be interested in the shares held by the easyJet UK Employee Share Ownership Trust, the easyJet Overseas Employee
Share Ownership Trust, the Long Term Incentive Plan and the Share Incentive Plan Trust (the “Trusts”). At 30 September 2009, ordinary shares held in the
Trusts were as follows:
Number
Share Incentive Plan Trust (unallocated as employees are not entitled to these shares
until the performance conditions attached to them are met) 1,883,799
Total unallocated 1,883,799
Long Term Incentive Plan (allocated) 292,012
Share Incentive Plan (allocated) 150,872
Total held by UK Trust (allocated) 9,229
Total held by Overseas Trust (allocated) 44,872
Total allocated 496,985
2,380,784
Directors’ share awards (audited)
Details of share options and share awards under the schemes described above granted to the Directors of the Company and any movements during the
year are shown in the following table:
Andrew Harrison
Scheme
No. of shares/
options at
30 September
20081
Shares/options
granted in year
Shares/options
lapsed in year
Shares/options
exercised in year
No. of shares/
options at
30 September
20091 Date of grant
Exercise
price (£)
Market
price on
exercise
date (£)
Date from which
exercisable Expiry date
A 736,153 – 338,630 – 397,523 1 Dec 2005 3.30 – 1 Dec 2008 1 Dec 2015
B 9,095 – 4,183 – 4,912 1 Dec 2005 3.30 – 1 Dec 2008 1 Dec 2015
C 90,756 – – – 90,756 1 Dec 2006 – – 1 Dec 2009 1 Jun 2010
C 104,796 – – – 104,796 3 Dec 2007 – – 3 Dec 2010 3 Jun 2011
C 102,135 – – – 102,135 29 Feb 2008 – – 28 Feb 2011 28 Aug 2011
C – 358,818 – – 358,818 16 Jan 2009 – – 16 Jan 2012 16 Jul 2012
D 75,630 – – – 75,630 1 Dec 2006 – – 1 Dec 2009 1 Jun 2010
D 88,529 – – – 88,529 3 Dec 2007 – – 3 Dec 2010 3 Jun 2011
E 267,109 – 111,294 155,815 – 8 Feb 2006 – 3.02 8 Feb 2009 8 Aug 2009
F 3,589 – – 3,589 – 2 Jun 2006 2.61 3.02 1 Aug 2009 1 Feb 2010
G 612 – – – 612 1 Dec 2006 – – 1 Dec 2009 n/a
G 487 – – – 487 1 Dec 2007 – – 1 Dec 2010 n/a
H 838 499 – – 1,337 See note 2 below
Jeff Carr
Scheme
No. of shares/
options at
30 September
20081
Shares/options
granted in year
Shares/options
lapsed in year
Shares/options
exercised in year
No. of shares/
options at
25 September
2009* Date of grant
Exercise
price (£)
Market
price on
exercise
date (£)
Date from which
exercisable Expiry date
A 108,079 – – 108,079 – 2 Jun 2005 2.32 3.31 2 Jun 2008 2 Jun 2015
B 12,928 – – 12,928 – 2 Jun 2005 2.32 3.31 2 Jun 2008 2 Jun 2015
C 75,793 – 25,264 50,529 – 1 Dec 2005 – 2.98 1 Dec 2008 1 Jun 2009
C 50,420 – – – 50,420 1 Dec 2006 – – 1 Dec 2009 1 Jun 2010
C 63,943 – – – 63,943 3 Dec 2007 – – 3 Dec 2010 3 Jun 2011
C 62,320 – – – 62,230 29 Feb 2008 – – 28 Feb 2011 28 Aug 2011
C – 218,939 – – 218,939 16 Jan 2009 – – 16 Jan 2012 16 Jul 2012
D 8,881 – – – 8,881 3 Dec 2007 – – 3 Dec 2010 3 Jun 2011
G 487 – – – 487 1 Dec 2007 – – 1 Dec 2010 n/a
* Jeff Carr’s outstanding share awards were forfeited on his resignation effective 25 September 2009.
No Non Executive Director has been granted any share options or awards.
The closing share price of the Company’s ordinary shares at 30 September 2009 was £3.79 and the range during the year ended 30 September 2009 was
£2.06 to £4.04.