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Tesco PLC Annual Report and
Financial Statements 2008 81
Note 23 Share-based payments continued
The following tables reconcile the number of share options outstanding and the weighted average exercise price (WAEP):
For the year ended 23 February 2008
Savings-related Irish savings-related Approved Unapproved International executive Nil cost
share option scheme share option scheme share option scheme share option scheme share option scheme share options
Options WAEP Options WAEP Options WAEP Options WAEP Options WAEP Options WAEP
Outstanding at
24 February
2007 173,103,108 236.12 4,927,409 250.27 16,855,033 276.19 82,526,915 267.70 33,128,105 280.68 5,810,007 0.00
Granted 30,284,995 410.00 1,333,621 410.00 3,675,200 473.75 14,355,638 473.66 10,127,935 466.57 5,113,574 0.00
Forfeited (9,470,529) 253.96 (401,169) 241.75 (926,135) 336.21 (3,399,364) 355.17 (1,999,671) 310.13 – –
Exercised (40,555,754) 190.56 (776,852) 198.83 (3,374,252) 242.77 (16,439,584) 245.18 (4,286,110) 252.90 (85,343) 0.00
Outstanding at
23 February
2008 153,361,820 281.40 5,083,009 300.71 16,229,846 324.45 77,043,605 307.00 36,970,259 333.22 10,838,238 0.00
Exercisable as at
23 February
2008 7,761,557 192.99 245,709 201.21 4,968,637 232.22 33,091,974 230.57 9,412,295 225.27 – –
Exercise price 159.00 to 159.00 to 197.50 to 164.00 to 176.70 to
range (pence) 232.00 232.00 259.00 259.00 259.00 –
Weighted average
remaining
contractual
life (years) 0.20 0.20 3.94 4.59 4.06 –
For the year ended 24 February 2007
Savings-related Irish savings-related Approved Unapproved International executive Nil cost
share option scheme share option scheme share option scheme share option scheme share option scheme share options
Options WAEP Options WAEP Options WAEP Options WAEP Options WAEP Options WAEP
Outstanding at
25 February
2006 181,166,780 211.42 4,705,023 217.96 17,947,537 248.11 95,519,321 242.28 28,097,456 251.69 3,459,458 0.00
Granted 38,895,396 307.00 1,532,291 307.00 5,166,957 316.87 18,751,718 320.22 11,538,336 318.60 2,350,549 0.00
Forfeited (10,898,678) 219.50 (508,283) 215.69 (931,795) 293.25 (3,090,496) 278.00 (1,352,164) 249.71 – –
Exercised (36,060,390) 193.52 (801,622) 190.99 (5,327,666) 220.10 (28,653,628) 216.21 (5,155,523) 221.25 – –
Outstanding at
24 February
2007 173,103,108 236.12 4,927,409 250.27 16,855,033 276.19 82,526,915 267.70 33,128,105 280.68 5,810,007 0.00
Exercisable as at
24 February
2007 5,320,960 196.51 215,648 195.70 5,674,314 226.02 27,295,331 218.90 8,386,290 214.42 – –
Exercise price 195.00 to 195.00 to 197.50 to 164.00 to 176.70 to
range (pence) 198.00 198.00 259.00 259.00 259.00 –
Weighted average
remaining
contractual
life (years) 0.20 0.20 4.42 4.73 4.39 –