Experian 2012 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2012 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

78 Experian Annual Report 2012 Governance
Report on directors’ remuneration continued
Share options
Details of options granted to directors under the Experian Share Option Plan and the GUS Executive Share Option Schemes are set out in
the table below.
Date of
grant
Number
of shares
under
option at
1 April
2011
Exercise
price Granted Exercised
Experian
share price
on date of
exercise Lapsed
Total
number
of shares
under
option at
31 March
2012
Date from
which
exercisable/
expiry date
Executive directors
Don Robert 31.05.05 132,091 483.1p – – – – 31.05.08 – 30.05.15
02.06.06 133,184 521.1p – – – – 02.06.09 – 01.06.16
18.06.09 552,453 464.0p – – – – 18.06.12 – 17.06.19
817,728
Paul Brooks 31.05.05 59,368 483.1p – – – – 31.05.08 – 06.01.13
02.06.06 54,883 521.1p – – – – 02.06.09 – 06.01.13
18.06.09 198,275 464.0p – – – – 06.01.12 – 06.01.13
312,526
Chris Callero 02.06.06 153,675 521.1p –153,675 785.5p –
18.06.09 236,765 464.0p – – – – 18.06.12 – 17.06.19
236,765
Non-executive directors
David Tyler 02.06.06 104,585 521.1p –104,585 785.0p – –
Notes:
1. Options granted in 2006 or earlier were originally granted under the GUS Executive Share Option Schemes and were exchanged for equivalent options over
Experian plc shares on demerger.
2. Options granted to Chris Callero in 2006 were granted under The GUS plc North America Stock Option Plan. Vesting of these options was not subject to
performance conditions. The 2005 and 2006 grants to Don Robert and Paul Brooks were made under the GUS Executive Share Option Scheme. These options
vested subject to the achievement of performance conditions which were met in full.
3. Options were granted to David Tyler in respect of his role as an executive director of GUS plc. On demerger, he was eligible to exchange his options for equivalent
options over Experian shares on the same basis as other participants. These options were exercised during the year.
4. The options granted in June 2009 are subject to the achievement of a growth in benchmark earnings per share (‘EPS’) target measured over a three-year
performance period that ended on 31 March 2012. 25% of an option will vest if growth in EPS is at least 4% per annum on average. Vesting increases on a straight-
line basis such that the option will be fully exercisable if growth in EPS over the performance period is at least 8% per annum on average. Vesting is also subject
to satisfactory ROCE. The Company’s EPS growth was such that 100% of the awards will vest on 18 June 2012.
5. Paul Brooks died on 6 January 2012 and in line with the rules of the Share Option Plan unvested options vested at that date. All options will remain exercisable for
a further 12 months.
6. The market price of Experian plc shares at 31 March 2012 was 975p; the highest and lowest prices during the financial year then ended were 996p and 665p
respectively.