Unilever 2000 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2000 Unilever 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 128

  • 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

85
Unilever Annual Report & Accounts and Form 20-F 2000 Financial Statements
Notes to the consolidated accounts
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2000
34 Equity based compensation plans continued
The follow ing table summarises information about fixed price stock options outstanding at 31 December 2000:
Options Outstanding Options Exercisable
Number Weighted Number
outstanding at average Weighted exercisable at Weighted
Range of 31 December remaining average 31 December average
exercise prices 2000 contractual life exercise price 2000 exercise price
31.19 43 461 10 months 31.19 43 461 31.19
42.99 51 400 2 years 42.99 51 400 42.99
57.63 234 864 3 years 57.63 — —
63.65 245 962 3 years 63.65 — —
53.05 274 058 4 years 53.05 — —
31.19 to 63.65 849 745 55.66 94 861 37.58
German and French Employee Option Plans
The German and French Employee Option Plans w ere set up during 2000. Options to acquire ordinary Fl. 1.12 shares of Unilever N.V. are
granted to German and French employees under similar conditions and with the same grant timing, size and price as under the Netherlands
Employee Option Plan.
A summary of the status of the German Employee Option Plan as at 31 December 2000, 1999 and 1998 and changes during these years is
presented below :
2000 1999 1998
Weighted Weighted Weighted
Number average Number average Number average
of shares price of shares price of shares price
Outstanding at 1 January — — — — — —
Granted 482 421 53.05 — — — —
Exercised (50 257) 53.05 — — — —
Forfeited (4 338) 53.05 — — — —
Outstanding at 31 December 427 826 53.05 — — — —
Options exercisable at 31 December — — — — — —
2000 1999 1998
Option value information (a)
Fair value per option (b) 10.14 — —
Valuation assumptions
Expected option term 3.5 years — —
Expected volatility 29.56% — —
Expected dividend yield 4.51% — —
Risk-free interest rate 4.89% — —
(a) Weighted average of options granted during each period.
(b) Estimated using Black Scholes option pricing method.
The follow ing table summarises information about fixed price stock options outstanding at 31 December 2000:
Options Outstanding Options Exercisable
Number Weighted Number
outstanding at average Weighted exercisable at Weighted
Range of 31 December remaining average 31 December average
exercise prices 2000 contractual life exercise price 2000 exercise price
53.05 427 826 4 years 53.05 — —