Ryanair 2004 Annual Report Download - page 52

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23 STATUTORY AND OTHER INFORMATION (Continued)
DIRECTORS’ EMOLUMENTS (Continued)
(d) Shares and share options (continued)
(ii) Share options
March 31, 2004 March 31, 2003
The number of share options held by directors at the year end were: Number of shares Number of shares
David Bonderman* 50,000 50,000
Emmanuel Faber** 25,000 25,000
Michael Horgan* 50,000 50,000
Klaus Kirchberger** 25,000 25,000
Raymond MacSharry* 50,000 50,000
Kyran McLaughlin* 50,000 50,000
Michael O’Leary*** 88,504 -
James R. Osborne* 50,000 50,000
Paolo Pietrogrande* 50,000 50,000
Declan F. Ryan**** -50,000
T. Anthony Ryan* 50,000 50,000
Richard P. Schifter**** -50,000
*The share options were granted to these directors at 3.70 (the market value at date of grant) during the year ended March 31,
2001 and are exercisable between June 2005 and June 2007.
**The share options were granted to these directors at 5.65 (the market value at date of grant) during the y ear ended March 31,
2003 and are exercisable between June 2008 and June 2010
***These options were granted to Michael O’Leary at 5.71 (themarket valueat date of grant) under the 2003 share optionplan.
****On June 24, 2003 Delan F. R yan resigned from the board of directors. Richard P. Shifter did not stand for re-election at the
shareholders’ annual general meeting on September 24, 2003. Accordingly, the share options granted to these directors have
lapsed.
(Continued)
Notes
52
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