HSBC 2005 Annual Report Download - page 201

199
Bank of Bermuda plans
Following the acquisition of Bank of Bermuda in
February 2004, all outstanding options over Bank of
Bermuda shares were converted into rights to receive
HSBC Holdings ordinary shares based on the
consideration of US$40 for each Bank of Bermuda
share and the average closing price of HSBC
Holdings ordinary shares, derived from the London
Stock Exchange Daily Official List, for the five
business days preceding the closing date of the
acquisition. No further options will be granted under
any of these plans.
All outstanding options over Bank of Bermuda
shares vested on completion of the acquisition. At
31 December 2005, the HSBC (Bank of Bermuda)
Employee Benefit Trust 2004 held 2,796,182 HSBC
Holdings ordinary shares which may be used to
satisfy the exercise of these options.
Bank of Bermuda
Executive Share Option Plan 1997
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2005
Options
exercised
during period1
Options
lapsed
during period
Options at
31 December
2005
1 Jul 1998 9.61 1 Jul 1999 1 Jul 2008 67,813 – – 67,813
23 Feb 1999 7.40 23 Feb 2000 23 Feb 2009 18,464 – 6,780 11,684
3 Aug 1999 7.10 3 Aug 2000 3 Aug 2009 9,331 – – 9,331
4 Feb 2000 7.21 4 Feb 2001 4 Feb 2010 67,925 1,540 9,249 57,136
7 Apr 2000 7.37 7 Apr 2001 7 Apr 2010 385 385 – –
29 May 2000 7.21 29 May 2001 29 May 2010 15,411 – 15,411 –
1 Jun 2000 7.04 1 Jun 2001 1 Jun 2010 61,649 – – 61,649
31 Jul 2000 10.11 31 Jul 2001 31 Jul 2010 166,454 120,215 – 46,239
19 Sep 2000 11.31 19 Sep 2001 19 Sep 2010 40,458 – 40,458 –
11 Jan 2001 14.27 11 Jan 2002 11 Jan 2011 161,829 – – 161,829
1 The weighted average closing price of the shares immediately before the dates on which options were exercised was £9.14.
Bank of Bermuda
Share Option Plan 2000
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2005
Options
exercised
during period1
Options
lapsed
during period
Options at
31 December
2005
11 Jan 2001 14.27 11 Jan 2002 11 Jan 2011 161,829 26,972 – 134,857
6 Feb 2001 16.41 6 Feb 2002 6 Feb 2011 1,067,606 22,972 245,300 799,334
29 Mar 2001 15.39 29 Mar 2002 29 Mar 2011 540 – 270 270
16 Apr 2001 15.57 16 Apr 2002 16 Apr 2011 539 – – 539
6 Jun 2001 18.35 6 Jun 2002 6 Jun 2011 8,091 – – 8,091
16 Jul 2001 16.87 16 Jul 2002 16 Jul 2011 224,631 – 66,146 158,485
28 Aug 2001 15.39 28 Aug 2002 28 Aug 2011 13,486 – – 13,486
26 Sep 2001 12.79 26 Sep 2002 26 Sep 2011 459,651 10,706 – 448,945
16 Jan 2002 16.11 16 Jan 2003 16 Jan 2012 3,678 – 3,678 –
30 Jan 2002 15.60 30 Jan 2003 30 Jan 2012 1,226 – – 1,226
5 Feb 2002 16.09 5 Feb 2003 5 Feb 2012 1,421,151 45,976 323,361 1,051,814
5 Feb 2002 16.41 5 Feb 2003 5 Feb 2012 1,383 – – 1,383
10 Jul 2002 15.84 10 Jul 2003 10 Jul 2012 12,260 – – 12,260
9 Sep 2002 12.34 9 Sep 2003 9 Sep 2012 61,299 61,299 – –
16 Dec 2002 11.27 16 Dec 2003 16 Dec 2012 6,130 6,130 – –
4 Feb 2003 10.69 4 Feb 2004 4 Feb 2013 359,867 134,355 26,167 199,345
1 Apr 2003 11.97 1 Apr 2004 1 Apr 2013 28,541 28,541 – –
21 Apr 2003 11.85 21 Apr 2004 21 Apr 2013 48,853 – – 48,853
1The weighted average closing price of the shares immediately before the dates on which options were exercised was £9.04.