HSBC 2004 Annual Report Download - page 202

HSBC HOLDINGS PLC
Report of the Directors (continued)
200
HSBC Holdings ordinary shares of US$0.50
Dates of deferral
Range of
prices (US$) Deferral period
Rights at
1 January
2004
Rights
exercised
during year1
Rights
lapsed
during year2
Rights at
31 December
2004
30 Jan 1996 – 15 Jan 2003 7.75 – 25.40 1 Jan 2000 – 31 Dec 2020 102,468 722 101,746
–
1The weighted average closing price of the shares immediately before the dates on which shares were delivered was £8.45.
2In May 2004, the rights of participants to receive new HSBC Holdings ordinary shares under the Deferred Phantom Stock Plan for
Directors were transferred to the HSBC-North America Directors’ Non-Qualified Deferred Compensation Plan. Under this new plan the
rights to receive HSBC Holdings shares must be met through a grantor trust which has acquired, through market purchase, sufficient
ADSs to satisfy all the outstanding obligations to deliver HSBC Holdings ordinary shares. All rights to receive HSBC Holdings ordinary
shares under the new plan will be met solely from the HSBC shares held by the grantor trust. No further rights to receive HSBC
Holdings ordinary shares will be granted and no new HSBC Holdings ordinary shares will be issued under this plan.
HSBC Finance Corporation
Non-Qualified Deferred Compensation Plan for Restricted Stock Rights
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2004
Options
exercised
during year1
Options
lapsed
during year
Options at
31 December
2004
10 May 2000 nil 10 May 2002 10 May 2005 294,329 113,204 – 181,125
1The weighted average closing price of the shares immediately before the dates on which options were exercised was £8.28.
HSBC Finance Corporation
Non-Qualified Deferred Compensation Plan for Stock Option Exercises
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2004
Options
exercised
during year
Options
lapsed
during year
Options at
31 December
2004
2 Feb 1991 2.48 2 Feb 1992 15 Jul 2005 20,819 – – 20,819
Beneficial Corporation
1990 Non-Qualified Stock Option Plan
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2004
Options
exercised
during year1
Options
lapsed
during year
Options at
31 December
2004
15 Nov 1994 4.56 15 Nov 1995 15 Nov 2004 103,682 103,682 – –
15 Nov 1995 6.00 15 Nov 1996 15 Nov 2005 215,727 38,127 – 177,600
20 Nov 1996 7.86 20 Nov 1997 20 Nov 2006 313,162 23,458 – 289,704
13 Dec 1996 7.54 13 Dec 1997 13 Dec 2006 65,624 – – 65,624
14 Nov 1997 9.20 14 Nov 1998 14 Nov 2007 131,248 – – 131,248
19 Nov 1997 9.39 19 Nov 1998 19 Nov 2007 429,135 23,861 – 405,274
1 Dec 1997 9.68 1 Dec 1998 1 Dec 2007 65,624 – – 65,624
1The weighted average closing price of the shares immediately before the dates on which options were exercised was £8.57.
Beneficial Corporation
BenShares Equity Participation Plan
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2004
Options
exercised
during year1
Options
lapsed
during year
Options at
31 December
2004
31 Jan 1997 9.87 31 Jan 1998 31 Jan 2007 46,243 4,926 – 41,317
15 Nov 1997 11.04 15 Nov 1998 15 Nov 2007 62,264 6,568 – 55,696
1The weighted average closing price of the shares immediately before the dates on which options were exercised was £8.62.