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76 easyJet plc Annual report and accounts 2009
NOTES TO THE ACCOUNTS CONTINUED
19 Share incentive schemes
easyJet operates the following share incentive schemes, all of which are equity settled. The change in the number of awards outstanding and weighted
average exercise prices during the year, and the number exercisable at each year end were as follows:
Awards by grant date
1 October
2008
million
Granted
million
Forfeited
million
Lapsed
million
Exercised
million
Expired
million
30 September
2009
million
Pre-flotation scheme
29 February 2000 3.6 – – – (0.3) – 3.3
26 September 2000 0.5 –––– –0.5
Discretionary schemes
18 January 2001 0.1 –––– –
0.1
19 January 2004 0.5 –––– –0.5
8 December 2004 4.6 – (0.1) – (0.7) – 3.8
2 June 2005 0.4 – – – (0.4) – –
1 December 2005 0.7 – – (0.3) – – 0.4
Sharesave
29 June 2005 0.6 – – – (0.5) (0.1) –
2 June 2006 0.5 – (0.1) – (0.2) – 0.2
8 June 2007 0.5 – (0.2) – – – 0.3
6 June 2008 3.5 – (0.4) – – – 3.1
5 June 2009 – 1.4––– –1.4
Share incentive plan 1.9 0.3––– –2.2
Long term incentive plan
1 December 2005 0.5 – – (0.2) (0.3) – –
1 December 2006 0.7 – (0.1) – – – 0.6
3 December 2007 0.9 – (0.2) – – – 0.7
29 February 2008 0.4 – (0.2) – – – 0.2
16 January 2009 – 2.4 (0.3) – – – 2.1
Chief Executive recruitment award 0.3 – – (0.1) (0.2) – –
20.2 4.1 (1.6) (0.6) (2.6) (0.1) 19.4
Weighted average exercise prices
1 October
2008
£
Granted
£
Forfeited
£
Lapsed
£
Exercised
£
Expired
£
30 September
2009
£
Pre-flotation scheme 1.66 – – – 1.62 – 1.66
Discretionary schemes 2.20 –2.393.302.03 –2.16
Sharesave 2.59 2.43 3.02 – 2.08 1.86 2.56
The exercise price of all awards save those disclosed in the above table is £nil.
Number of awards exercisable
2009
million
2008
million
Pre-flotation scheme 3.8 4.1
Discretionary schemes 4.8 5.6
Sharesave 0.2 0.6
Share incentive plan 0.2 –
9.0 10.3