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Table 5 – Share options held by Directors and not exercised at 26 February 2011
Savings-related share option scheme (1981)
Date of
grant
As at
27 February
2010
Options
granted
in year
Options
exercised
in year1
As at
26 February
2011
Exercise
price
(pence)
Value
realisable
2010/11
£000
Value
realisable
2009/10
£000
Richard Brasher 02.11.2005 1,298 – 1,298 –248.0 2 –
08.11.2006 1,066 – – 1,066 307.0 – –
07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
10.11.2010 – 788 – 788 386.0 – –
5,208 788 1,298 4,698 2 3
Philip Clarke 02.11.2005 1,298 – 1,298 –248.0 2 –
08.11.2006 1,066 – – 1,066 307.0 – –
07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
10.11.2010 – 788 – 788 386.0 – –
5,208 788 1,298 4,698 2 3
Andrew Higginson 02.11.2005 1,298 – 1,298 –248.0 2 –
08.11.2006 1,066 – – 1,066 307.0 – –
07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
10.11.2010 – 788 – 788 386.0 – –
5,208 788 1,298 4,698 2 3
Sir Terry Leahy 02.11.2005 1,298 – 1,298 –248.0 2 –
08.11.2006 1,066 – – 1,066 307.0 – –
07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
5,208 – 1,298 3,910 2 3
Tim Mason 02.11.2005 1,298 – 1,298 –248.0 2 –
08.11.2006 1,066 – – 1,066 307.0 – –
07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
10.11.2010 – 788 – 788 386.0 – –
5,208 788 1,298 4,698 2 3
Laurie McIlwee 07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
10.11.2010 – 788 – 788 386.0 – –
2,844 788 – 3,632 – 1
Lucy Neville-Rolfe 02.11.2005 1,298 – 1,298 –248.0 2 –
08.11.2006 1,066 – – 1,066 307.0 – –
07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
10.11.2010 – 788 – 788 386.0 – –
5,208 788 1,298 4,698 2 3
David Potts 02.11.2005 1,298 – 1,298 –248.0 2 –
08.11.2006 1,066 – –1,066 307.0 – –
07.11.2007 819 – – 819 410.0 – –
05.11.2008 1,077 – – 1,077 311.0 – –
11.11.2009 948 – – 948 328.0 – –
10.11.2010 – 788 – 788 386.0 – –
5,208 788 1,298 4,698 2 3
Total 39,300 5,516 9,086 35,730
1 Save As You Earn is an HMRC approved all employee savings-related share option scheme under which employees save up to a limit of £250 on a four-weekly basis via a bank/building
society with an option to buy shares in Tesco PLC at the end of a three-year or five-year period at a discount of up to 20% of the market value. Options are not subject to performance
conditions. All options are exercisable from 1 February in the year which is six years from the year of grant. All options expire six months from their exercise date (i.e. on 1 August of the
relevant year). All Directors exercised their 2005 options on 1 February 2011 when the market price was 403p. No options lapsed in the year.
Directors’ remuneration report
GOVERNANCE
88
—
TESCO PLC Annual Report and Financial Statements 2011