HSBC 2011 Annual Report Download - page 275

273
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
Awards of Restricted Shares
HSBC Share Plan
(Audited)
HSBC Holdings ordinary shares of US$0.50
Awards made
during year
Awards vested
during year
Date of
award
Year in
which
awards
may vest
Awards
held at
1 Jan
2011 Number
Monetary
value Number
Monetary
value
Awards
held at
31 Dec
20111
£000 £000
V H C Cheng .... 2 Mar 2009 2012 510,226 – – – – 514,1292
1 Mar 2010 2011-20133 198,773 – – – – 202,6372
15 Mar 2011 2012-2014 – 52,5285339 21,0116 136 31,8852
D J Flint ............ 1 Mar 2010 2011-20133 316,252 – – 105,1624 713 220,201
15 Mar 2011 2012-2014 – 215,38351,391 86,1536 557 133,280
A A Flockhart ... 3 Mar 2008 2011 15,572 – – 15,8757 102 –
2 Mar 2009 2012 514,960 – – – – 535,162
1 Mar 2010 2011-20133 305,806 – – 101,6884 689 212,927
15 Mar 2011 2012-2014 – 139,0795898 55,6326 359 86,062
S T Gulliver ...... 3 Mar 2008 2009-2011 192,796 – – 194,2708 1,317 –
1 Mar 2010 2011-20133 1,355,371 – – 450,6944 3,056 943,723
15 Mar 2011 2012-2014 – 800,00095,168 – – 825,072
I J Mackay ........ 31 Jul 2007 2009-201110 47,679 – – 49,03511 298 –
31 Mar 2008 2011 46,252 – – 47,15212 302 –
2 Mar 2009 2012 100,309 – – – – 104,244
1 Mar 2010 2011-20133 59,262 – – 19,7064 134 41,263
15 Mar 2011 2012-2014 – 58,1035375 23,2416 150 35,954
Vesting of Restricted Share awards is normally subject to the Director remaining an employee on the vesting date. The vesting date may be
advanced to an earlier date in certain circumstances, e.g. death or retirement. Under the Securities and Futures Ordinance of Hong Kong,
interests in Restricted Share awards granted in 2007 and 2008 are categorised as the interests of a beneficiary of a trust and interests in
Restricted Share awards granted in 2009, 2010 and 2011 are categorised as the interests of a beneficial owner.
1 Includes additional shares arising from scrip dividends.
2 Interest at 27 May 2011 – date of retirement.
3 33% of the award vests on each of the first and second anniversaries of the date of the award, with the balance vesting on the third
anniversary of the date of the award.
4 At the date of vesting, 28 February 2011, the market value per share was £6.78. The market value per share on the date of the award,
1 March 2010, was £6.82. Market value is the middle market closing price derived from the London Stock Exchange Daily Official List
on the relevant date.
5 At the date of the award, 15 March 2011, the market value per share was £6.46. The number of shares comprises a deferred award
and non-deferred award of Restricted Shares. In respect of the deferred award, 33% vests on each of the first and second
anniversaries of the date of the award, with the balance vesting on the third anniversary of the date of the award.
6 The non-deferred award vested immediately on 15 March 2011 and is subject to a 6 month retention period. At the date of vesting, the
market value per share was £6.46.
7 15,691 shares vested on 31 March 2011 when the market value per share was £6.41. The market value per share on the date of the
award, 3 March 2008, was £7.90. An award of 184 shares representing the fourth interim dividend for 2010 vested on 5 May 2011
when the market value per share was £6.46.
8 At the date of vesting, 28 February 2011, the market value per share was £6.78. The market value per share on the date of the award,
3 March 2008, was £7.90.
9 At the date of the award, 15 March 2011, the market value per share was £6.46. The number of shares comprises a deferred award of
Restricted Shares. 33% of the award vests on each of the first and second anniversaries of the date of the award, with the balance
vesting on the third anniversary of the date of the award.
10 33% of the award vests on each of the second and third anniversaries of the date of the award, with the balance vesting on the fourth
anniversary of the date of the award.
11 49,035 shares vested on 1 August 2011 when the market value per share was £6.08.
12 46,606 shares vested on 31 March 2011 when the market value per share was £6.41. The market value per share on the date of the
award, 31 March 2008, was £8.30. An award of 546 shares representing the fourth interim dividend for 2010 vested on 5 May 2011
when the market value per share was £6.46.