Tesco 2006 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2006 Tesco 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.

Page out of 116

  • 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

35Tesco plc
Table 6 Share options held by Directors and not exercised at 25 February 2006
Performance Share Plan 2004
Asat As at Date
26 Feb Options 25 Feb from which
Date of grant 2005 granted (a) 2006 exercisable Expiry date
Sir Terry Leahy 28.07.2004 304,794 – 304,794 28.07.2008 28.07.2014
12.10.2005 – 373,245 373,245 12.07.2009 12.10.2015
Total 304,794 373,245 678,039
Mr R Brasher 28.07.2004 118,367 – 118,367 28.07.2008 28.07.2014
12.10.2005 – 181,668 181,668 12.07.2009 12.10.2015
To t a l 118,367 181,668 300,035
Mr P A Clarke 28.07.2004 175,774 – 175,774 28.07.2008 28.07.2014
12.10.2005 – 213,047 213,047 12.07.2009 12.10.2015
To t a l 175,774 213,047 388,821
Mr A T Higginson 28.07.2004 175,774 – 175,774 28.07.2008 28.07.2014
12.10.2005 – 213,047 213,047 12.07.2009 12.10.2015
To t a l 175,774 213,047 388,821
Mr T J R Mason 28.07.2004 175,774 – 175,774 28.07.2008 28.07.2014
12.10.2005 – 213,047 213,047 12.07.2009 12.10.2015
175,774 213,047 388,821
Mr DT Potts 28.07.2004 175,774 – 175,774 28.07.2008 28.07.2014
12.10.2005 – 213,047 213,047 12.07.2009 12.10.2015
To t a l 175,774 213,047 388,821
(a) The options granted are nil cost options. The share price on award was 253.45 pence for the 2004 award and 302.75 pence for the 2005 award.
The vesting of these options are subject to performance conditions based on ROCE targets measured over three years.
(b) No options lapsed in the year.
(c) No options were exercised in the year.
Table 7 Shareoptions held by Directors and not exercised at 25 February 2006
Executive Incentive Plan 2004
As at As at Date
26 Feb Options 25 Feb from which
Dateof grant 2005 granted (a) 2006 exercisable Expiry date
Sir Terry Leahy 20.05.2005 – 250,626 250,626 20.05.2008 20.05.2015
Mr R Brasher 20.05.2005 – 97,330 97,330 20.05.2008 20.05.2015
Mr P A Clarke 20.05.2005 – 144,536 144,536 20.05.2008 20.05.2015
Mr A T Higginson 20.05.2005 – 144,536 144,536 20.05.2008 20.05.2015
Mr T J R Mason 20.05.2005 – 144,536 144,536 20.05.2008 20.05.2015
Mr D T Potts 20.05.2005 – 144,536 144,536 20.05.2008 20.05.2015
(a) The options granted arenil costoptions. The share price on award was 311.0 pence. The number of shares under option was increased at the time of the interim dividend
to reflect dividend equivalents in lieu of the interim dividend, at a market price of 312.5 pence.
(b) No options lapsed in the year.
(c) No options were exercised in the year.