Unilever 2001 Annual Report Download - page 51

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Unilever Annual Report & Accounts and Form 20-F 2001
>48
REMUNERATION REPORT
All share options are exercisable at a range of dates between 2002 and 2011 (see note 28 on page 79). No options lapsed
unexercised during the year. The market price of the ordinary shares at the end of the year was for NV 65.85 and $57.61
and for PLC 564p and $8.32, and the range during the year was between 71.20 and 55.45 and $64.56 and $50.26,
and between 610p and 478p and $8.85 and $6.96 respectively. Options outstanding above and below the market prices at
31 December 2001 are set out in the table on page 47.
Number Exercise Market price at
Note of shares price date of exercise
(1) All 56.45 n/a
(2) All 64.65 n/a
(3) All 478p n/a
(4) All $50.09 n/a
(5) All $6.91 n/a
Directors’ Conditional Share Awards under Total Shareholder Return – Long-Term Incentive Plan
Rights to ordinary shares in PLC and NV were granted, vested or lapsed in 2001 as follows:
Performance
Name Share type 1 January Granted(1) Vested Lapsed 31 December period
A Burgmans NV 0 6 472 0 0 6 472 01/01/01-31/12/03
PLC 0 48 360 0 0 48 360 01/01/01-31/12/03
N W A FitzGerald NV 0 6 472 0 0 6 472 01/01/01-31/12/03
PLC 0 48 360 0 0 48 360 01/01/01-31/12/03
A C Butler NV 0 4 045 0 0 4 045 01/01/01-31/12/03
PLC 0 30 225 0 0 30 225 01/01/01-31/12/03
P J Cescau NV 0 4 045 0 0 4 045 01/01/01-31/12/03
PLC 0 30 225 0 0 30 225 01/01/01-31/12/03
K B Dadiseth NV 0 4 045 0 0 4 045 01/01/01-31/12/03
PLC 0 30 225 0 0 30 225 01/01/01-31/12/03
A R van Heemstra NV 0 4 045 0 0 4 045 01/01/01-31/12/03
PLC 0 30 225 0 0 30 225 01/01/01-31/12/03
R H P Markham NV 0 4 045 0 0 4 045 01/01/01-31/12/03
PLC 0 30 225 0 0 30 225 01/01/01-31/12/03
C B Strauss NV (2) 0 3 223 0 0 3 223 01/01/01-31/12/03
PLC (3) 0 23 580 0 0 23 580 01/01/01-31/12/03
(1) Number of Conditional Rights granted in NV and PLC shares in 2001. The precise number of shares that will vest in May 2004 will
depend on the TSR ranking of Unilever, during the performance period shown above, against a peer group of 20 comparative
companies and will vary between 0% and 200% of the original number of conditional shares granted.
(2) NV New York shares.
(3) Number of PLC shares granted in the form of American Depository Receipts (1 ADR equivalent to 4 PLC shares).
Advisory Directors
The Advisory Directors are not formally members of the Boards of NV and PLC and are therefore excluded when we refer
to directors in this report.
The remuneration of the Advisory Directors is decided by the Boards. Advisory Directors receive an annual fee and are
reimbursed expenses incurred in attending meetings. They do not receive any performance related bonuses, pension
provisions, share options or other forms of benefit.
The annual fee paid in 2001 to each of B Collomb, O Fanjul, F H Fentener van Vlissingen, H Kopper and H O C R Ruding
was 55 000 and to each of Lord Brittan of Spennithorne, Lady Chalker of Wallasey, C X Gonzalez, Senator G J Mitchell
and Lord Simon of Highbury was £35 000. C R Shoemate and Professor W Dik were appointed during the year and received
fees of £32 081 and 41 250 respectively.
As at 28 February 2002, the aggregate interests of the Advisory Directors in the share capital of NV and PLC were 14 188
(31 December 2000: 14 188) Ordinary 0.51 shares of NV and 5 383 (31 December 2000: 6 384) Ordinary 1.4p shares of
PLC. The voting rights of the Advisory Directors are the same as for other holders of the class of share indicated.
Number Exercise Market price at
Note of shares price date of exercise
(6) All 26.56 63.55
(7) All 31.20 61.25
(8) All 227p 536p
(9) All $52.43 $57.75
(10) All On date of retirement