HSBC 2012 Annual Report Download - page 339

337
Overview Operating & Financial Review Corporate Governance Financial Statements Shareholder Information
All-employee share option plans
All-employee share option plans have operated
within the Group and employees on the first working
day of the year were eligible to be granted options to
acquire HSBC Holdings ordinary shares. Options
under the plans are usually exercisable after one,
three or five years. The exercise of options may be
advanced to an earlier date in certain circumstances,
for example on retirement, and may be extended in
certain circumstances, for example on the death of a
participant, the executors of the participant’s estate
may exercise options up to six months beyond the
normal exercise period. The middle market closing
price for HSBC Holdings ordinary shares quoted
on the London Stock Exchange, as derived from the
Daily Official List on 23 April 2012, the day before
options were granted in 2012, was £5.46. A review
of the plans will be undertaken in 2013 and there
will be no grant of options while that review is
ongoing.
The all-employee share option plans will
terminate on 27 May 2015 unless the Directors
resolve to terminate the plans at an earlier date.
HSBC Holdings All-employee Share Option Plans
HSBC Holdings ordinary shares
Dates of awards Exercise price Exercisable At Granted Exercised Lapsed At
from to from to from to 1 Jan 2012 during year during year during year 31 Dec 2012
Savings-Related Share Option Plan1
26 Apr
2006
24 Apr
2012
(£)
3.3116
(£)
6.6870
1 Aug
2011
31 Jan
2018 68,499,109 20,726,298 25,390,031 8,859,311 54,976,065
Savings-Related Share Option Plan: International2
26 Apr
2006
24 Apr
2012
(£)
3.3116
(£)
6.6870
1 Aug
2011
31 Jan
2018 26,615,253 8,549,570 12,032,666 5,663,420 17,468,737
26 Apr
2006
24 Apr
2012
(US$)
4.8876
(US$)
12.0958
1 Aug
2011
31 Jan
2018 9,752,066 2,666,374 3,440,522 2,489,024 6,488,894
26 Apr
2006
24 Apr
2012
(€)
3.6361
(€)
9.5912
1 Aug
2011
31 Jan
2018 3,176,265 827,832 1,407,390 416,444 2,180,263
26 Apr
2006
24 Apr
2012
(HK$)
37.8797
(HK$)
94.5057
1 Aug
2011
31 Jan
2018 45,422,511 12,098,312 21,684,534 4,198,449 31,637,840
1 The weighted average closing price of the shares immediately before the dates on which options were exercised was £5.46.
2 The weighted average closing price of the shares immediately before the dates on which options were exercised was £5.45.
Discretionary Share Option Plans
There have been no grants of discretionary share options under employee share plans since 30 September 2005.
Exercise HSBC Holdings ordinary shares
Dates of awards price (£) Exercisable At Exercised Lapsed At
from to from to from to 1 Jan 2012 during year during year 31 Dec 2012
HSBC Holdings Group Share Option Plan1,2
7 May
2002
20 Apr
2005
6.0216 7.9606
7 May
2005
20 Apr
2015 120,797,419 1,606,032 32,018,464 87,172,923
HSBC Share Plan
30 Sep
2005
7.9911
30 Sep
2008
30 Sep
2015 86,046 – – 86,046
1 The HSBC Holdings Group Share Option Plan expired on 26 May 2005. No options have been granted under the Plan since that date.
2 The weighted average closing price of the shares immediately before the dates on which options were exercised was £6.43.
Subsidiary company share plans
HSBC France
When it was acquired in 2000, HSBC France and
certain of its subsidiary companies operated
employee share option plans under which options
could be granted over their respective shares.
Under the terms of the employee share option
plan, holders of options to acquire shares of HSBC
France were obliged to exchange the HSBC France
shares they received on exercise of these options for
HSBC Holdings ordinary shares. Details of options
to acquire shares in HSBC France are set out in the
following table. No further options will be granted
under this share plan.