HSBC 2008 Annual Report Download - page 304

HSBC HOLDINGS PLC
Report of the Directors: Governance (continued)
Board of Directors > Directors’ interests // Employees > Involvement / Disabled / Remuneration policy
302
No Directors held any short position as defined
in the Securities and Futures Ordinance of Hong
Kong in the shares and loan capital of HSBC and its
associated corporations. Save as stated above, none
of the Directors had an interest in any shares or
debentures of HSBC or any associated corporation at
the beginning or at the end of the year, and none of
the Directors or members of their immediate families
were awarded or exercised any right to subscribe for
any shares or debentures in any HSBC corporation
during the year. Since the end of the year, the
interests of each of the following Directors have
increased by the number of HSBC Holdings ordinary
shares shown against their name:
Increase in Directors’ interests since 31 December 2008
HSBC Holdings ordinary shares of US$0.50
Beneficial
owner
Child under
18 or spouse
Controlled
corporation Trustee
Beneficiary
of a trust1
V H C Cheng .............................................................. 3,27422,2702– – 9,041
J D Coombe ................................................................ 2452– – – –
D J Flint ...................................................................... 1,6963– – 5712 15,367
A A Flockhart ............................................................. 3,1802– – – 7,092
M F Geoghegan .......................................................... 4,4102– – – 31,966
S K Green .................................................................... 11,1474– – – 32,981
S T Gulliver ................................................................ – 82– – 23,161
G Morgan .................................................................... 9742– – – –
S M Robertson ............................................................ 1032– – – –
Sir Brian Williamson .................................................. 4532– – – –
1 Scrip dividend on awards held under the HSBC Share Plan.
2 Scrip dividend.
3 Comprises scrip dividend on shares held as beneficial owner (1,502 shares), the automatic reinvestment of dividend income by an
Individual Savings Account or Personal Equity Plan manager (114 shares), the acquisition of shares in the HSBC Holdings UK Share
Ownership Plan through regular monthly contributions (49 shares) and the automatic reinvestment of dividend income on shares held in
the plan (31 shares).
4 Comprises scrip dividend on shares held as beneficial owner (11,067 shares), the acquisition of shares in the HSBC Holdings UK Share
Ownership Plan through regular monthly contributions (49 shares) and the automatic reinvestment of dividend income on shares held in
the plan (31 shares).
Since the end of the year, the non-beneficial
interests of J W J Hughes-Hallett as Trustee of two
Trusts have decreased by 102,948 HSBC Holdings
ordinary shares.
There have been no other changes in the share
and loan capital interests of the Directors from
31 December to the date of this Report. Any
subsequent changes up to the last practicable date
before the publication of the Notice of Annual
General Meeting will be set out in the notes to that
Notice.
At 31 December 2008, Directors and Senior
Management held, in aggregate, beneficial interests
in 16,469,373 HSBC Holdings ordinary shares
(0.14 per cent of the issued ordinary shares).
At 31 December 2008, executive Directors and
Senior Management held, in aggregate, options to
subscribe for 937,862 HSBC Holdings ordinary
shares under the HSBC Holdings Executive Share
Option Scheme, HSBC Holdings savings-related
share option plans, HSBC Holdings Group Share
Option Plan and HSBC Finance: 1996 Long-Term
Executive Incentive Compensation Plan. These
options are exercisable between 2009 and 2015
at prices ranging from £5.3496 to £7.8710 and
US$10.66 to US$21.37 per share.