Holiday Inn 2013 Annual Report Download - page 95

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Current position on outstanding awards
Details of the performance measures and potential vesting outcomes for outstanding awards as at 31 December 2013 are as follows:
Performance
measure
Threshold
performance
Maximum
performance
Threshold/
maximum vesting Weighting
Maximum award
(% of salary)
Potential vesting
outcome
2013/15 cycle
Net rooms
growth
Average of the
comparator group
1st in the
comparator group 20%/100% 25% 51.25%
Improved
performance
needed to achieve
threshold vesting
RevPAR growth Average of the
comparator group
1st in the
comparator group 20%/100% 25% 51.25%
Improved
performance
needed to achieve
threshold vesting
TSR Growth equal to the
DJGH index
Growth exceeds
the index by 8%
per year or more
20%/100% 50% 102.5%
Improved
performance
needed to achieve
threshold vesting
2012/14 cycle
Net rooms
growth
Average of the
comparator group
1st in the
comparator group 20%/100% 25% 51.25%
Improved
performance
needed to achieve
threshold vesting
RevPAR growth Average of the
comparator group
1st in the
comparator group 20%/100% 25% 51.25%
Improved
performance
needed to achieve
threshold vesting
TSR Growth equal to the
DJGH index
Growth exceeds
the index by 8%
per year or more
20%/100% 50% 102.5%
Maximum vesting if
current performance
maintained
Share options
Between 2003 and 2005, grants of options were made under the IHG Executive Share Option Plan. No price was paid for the grant of these
options. The performance conditions that applied to these options were satisfied when they became exercisable. No executive share
options have been granted since 2005.
Options vested but unexercised Options exercised
Director 31 December 2013 31 December 2012 31 December 2013 31 December 2012
Richard Solomons nil 330,870 330,8701nil
Kirk Kinsell nil nil nil 109,150
1 Share price on date of exercise was 1,942p.
Option prices during the year ranged from 438.00p to 619.83p per IHG share. The closing market value share price on 31 December 2013
was 2,013p and the range during the year was from 1,737p to 2,039p per share. Share price range data was provided by Bank of America
Merril Lynch.
The gain, before tax, made by Richard Solomons on the exercise of options during the year 2013 was £4,663,884. London and New York
Stock Exchange announcements concerning this option exercise were made on 22 May 2013.
No options were exercised by any other Director during the year.
Governance 93
OVERVIEW STRATEGIC REPORT GOVERNANCE
GROUP
FINANCIAL STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS ADDITIONAL INFORMATION