Lenovo 2015 Annual Report Download - page 100
Download and view the complete annual report
Please find page 100 of the 2015 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
 |
 |
98 Lenovo Group Limited 2014/15 Annual Report
COMPENSATION COMMITTEE REPORT
LONG-TERM INCENTIVE SCHEMES
The Company implemented share option scheme and the LTI Program to attract, retain, reward and motivate
Executive and Non-executive Directors, senior management and selected top-performing employees of the Company
and its subsidiaries.
Share Option Scheme
At an extraordinary general meeting of the Company held on March 25, 2002, the shareholders of the Company
approved the adoption of a new share option scheme (the “New Option Scheme”) and termination of the share
option scheme that was adopted on January 18, 1994.
Pursuant to the terms of New Option Scheme, the New Option Scheme shall be valid and effective for a period of
10 years commencing on the adoption date and expiring on the tenth anniversary of the adoption date. Accordingly,
the New Option Scheme had been expired on April 26, 2012, and no further options could thereafter be granted
under the New Option Scheme. However, all remaining provisions will remain in full force and effect to govern the
exercise of all the options granted under the New Option Scheme prior to its expiration. Further details of the New
Option Scheme are set out in the Directors’ Report on pages 130 to 131.
Details of the movement of the share options of the Company during the year ended March 31, 2015 were as
follows:
Number of share options
Category of
participants
Held at
April 1,
2014
Exercised
during
the year
Lapsed
during
the year
Held at
March 31,
2015
Exercise
price
(HK$)
Grant date
(mm.dd.yyyy)
Exercise
period
(mm.dd.yyyy)
Continuous contract
employees
31,487,601 1,172,000 30,315,601 –2.545 04.27.2004 04.27.2004 to
04.26.2014
Notes:
(1) Weighted average closing price of the listed shares of the Company immediately before the dates on which the options were exercised by
continuous contract employees was HK$9.032.
(2) No share options are granted and/or cancelled under the New Option Scheme during the year.
(3) The accounting policy adopted for the New Option Scheme is set out in the note 2(x)(iv) to the financial statements. Other details are set out in
note 29(b) to the financial statements.