HSBC 2003 Annual Report Download - page 201

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Household International, Inc.
Deferred Fee Plan for Directors
Prior to 28 March 2003, Household directors could choose to defer all or a portion of their cash compensation under
the Deferred Fee Plan for directors. At the end of the deferred period selected by the director, all accumulated amounts
will be paid in shares in one or more instalments. Following the acquisition of Household the rights to receive
Household shares under the plan were converted into rights to receive HSBC Holdings ordinary shares. No further
awards will be granted under this plan. A summary of the rights to receive HSBC Holdings ordinary shares under this
plan is set out below. Full details are available on www.hsbc.com by selecting ‘Investor Centre’ , then ‘Share Plans’ .
HSBC Holdings ordinary shares of US$0.50 each
Dates of deferral
Range o
f
prices (US$) Deferral period
Shares
deferred at
28 March
2003
Shares
delivered
during year1
Shares
lapsed
during year
Shares
deferred at
31 December
2003
1 Oct 1995 – 15 Jan 2003 5.42 – 25.40 1 Jan 2000 – 31 Dec 2021 195,089 1,209 5,474 188,406
1The weighted average closing price of the shares immediately before the dates on which shares were delivered was £7.68.
Household International, Inc.
Deferred Phantom Stock Plan for Directors
In 1995, the Household Directors’ Retirement Income Plan was discontinued and the present value of a director’ s
accrued benefit was exchanged for a deferred right to receive Household shares. Following the acquisition of
Household the rights to receive Household shares under the plan were converted into rights to receive
HSBC Holdings ordinary shares. When a director dies or leaves the Board due to retirement or resignation, all
accumulated amounts will be released in HSBC Holdings ordinary shares in one or more instalments. No further
awards will be granted under this plan. A summary of the rights to receive HSBC Holdings ordinary shares under
this plan is set out below. Full details are available on www.hsbc.com by selecting ‘Investor Centre’ , then ‘Share
Plans’ .
HSBC Holdings ordinary shares of US$0.50 each
Dates of deferral
Range o
f
prices (US$) Deferral period
Shares
deferred at
28 March
2003
Shares
delivered
during year1
Shares
lapsed
during year
Shares
deferred at
31 December
2003
30 Jan 1996 – 15 Jan 2003 7.75 – 25.40 1 Jan 2000 – 31 Dec 2020 111,857 9,389 – 102,468
1The weighted average closing price of the shares immediately before the dates on which shares were delivered was £7.06.
Household International, Inc.
Non-Qualified Deferred Compensation Plan for Restricted Stock Rights
HSBC Holdings ordinary shares of US$0.50 each
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Rights at
28 March
2003
Rights
exercised
during year
Rights
lapsed
during year
Rights at
31 December
2003
10 May 2000 nil 10 May 2002 10 May 2005 294,329 – – 294,329
Household International, Inc.
Non-Qualified Deferred Compensation Plan for Stock Option Exercises
HSBC Holdings ordinary shares of US$0.50 each
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
28 March
2003
Options
exercised
during year
Options
lapsed
during year
Options at
31 December
2003
2 Feb 1991 2.48 2 Feb 1992 15 Jul 2005 20,819 – – 20,819