HSBC 2009 Annual Report Download - page 349

347
The payments in respect of R Delbridge and
Sir Brian Pearse were made by HSBC Bank plc as
former directors of that bank. The payment in
respect of C F W de Croisset was made by HSBC
France as a former director of that bank.
Share plans
(Audited)
At 31 December 2009, the undernamed Directors
held options and awards of Performance Shares and
Restricted Shares to acquire the number of HSBC
Holdings ordinary shares set against their respective
names.
HSBC Holdings savings-related share option plans
(Audited)
HSBC Holdings ordinary shares of US$0.50
Exercise price (£) Adjust-
Exercisable Date of
award
At
1 Jan
2009
At
31 Dec
2009
from1 until
At
1 Jan
2009
ment
for rights
issue
Awarded
during the
year
At
31 Dec
2009
D J Flint ................ 25 Apr 2007 7.0872 6.17602 1 Aug 2012 31 Jan 2013 2,310 340 – 2,650
A A Flockhart ....... 25 Apr 2007 7.0872 6.17602 1 Aug 2010 31 Jan 2011 1,332 196 – –3
A A Flockhart ....... 29 Apr 2009 – 3.3116 1 Aug 2014 31 Jan 2015 – – 4,529 4,529
The HSBC Holdings savings-related share option plans are all-employee share plans under which eligible HSBC employees may be
granted options to acquire HSBC Holdings ordinary shares. Employees may make contributions of up to £250 (or equivalent) each month
over a period of one, three or five years which may be used on the first, third or fifth anniversary of the commencement of the relevant
savings contract, at the employee’s election, to exercise the options. The plans help align the interests of employees with the creation of
shareholder value and, as such, exercise of the options is not subject to any performance conditions. The options were awarded for nil
consideration and are exercisable at a 20 per cent discount to the average market value of the ordinary shares on the five business days
immediately preceding the invitation date. No options lapsed during the year. There are no performance criteria conditional upon which
the outstanding options are exercisable and there have been no variations to the terms and conditions since the awards were made. The
market value per ordinary share at 31 December 2009 was £7.088. The highest and lowest market values per ordinary share during the
year were £7.612 and £3.0413. Market value is the mid-market price derived from the London Stock Exchange Daily Official List on the
relevant date. Under the Securities and Futures Ordinance of Hong Kong, the options are categorised as unlisted physically settled equity
derivatives.
1 May be advanced to an earlier date in certain circumstances, e.g. retirement.
2 Adjusted for rights issue.
3 Options lapsed on 29 April 2009 following closure of the associated savings-related account by the Director.
Awards of Performance Shares
HSBC Share Plan
(Audited)
HSBC Holdings ordinary shares of US$0.50
Awards vested during
year1,2,3
Date of
award
Year in
which
awards
may vest
Awards
held at
1 Jan
2009 Number
Monetary
value
Adjustment
for rights
issue
Awards
held at
31 Dec
20092
£000
V H C Cheng .......................... 6 Mar 2006 2009 92,689 21,722 95 13,927 –3
5 Mar 2007 2010 180,739 – – 27,156 218,035
3 Jun 2008 2011 130,852 – – 19,661 157,852
D J Flint .................................. 6 Mar 2006 2009 185,378 43,444 191 27,854 –3
5 Mar 2007 2010 270,755 – – 40,682 326,626
3 Jun 2008 2011 377,343 – – 56,696 455,210
A A Flockhart ......................... 6 Mar 2006 2009 69,518 16,291 71 10,445 –3
5 Mar 2007 2010 120,395 – – 18,089 145,238
3 Jun 2008 2011 128,675 – – 19,333 155,227
M F Geoghegan ...................... 6 Mar 2006 2009 231,724 54,305 238 34,817 –3
5 Mar 2007 2010 615,351 – – 92,458 742,334
3 Jun 2008 2011 886,755 – – 133,237 1,069,746
S K Green ............................... 6 Mar 2006 2009 289,653 67,881 298 43,521 –3
5 Mar 2007 2010 461,513 – – 69,344 556,750
3 Jun 2008 2011 1,037,692 – – 155,915 1,251,829
S T Gulliver ............................ 6 Mar 2006 2009 115,861 27,152 119 17,409 –3
5 Mar 2007 2010 133,725 – – 20,092 161,319
3 Jun 2008 2011 56,063 – – 8,423 67,631