Unilever 2001 Annual Report Download - page 87

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Unilever Annual Report & Accounts and Form 20-F 2001
NOTES TO THE CONSOLIDATED ACCOUNTS
Unilever Group
>84
28 Equity-based compensation plans continued
The exercise prices and remaining life of the Executive Option Plans as at 31 December 2001 are as follows:
Options outstanding Options exercisable
Weighted
Number average Number
outstanding at remaining Weighted exercisable at Weighted
Range of 31 December contractual average 31 December average
exercise prices 2001 life exercise price 2001 exercise price
NV shares of 0.51 42.79 – 60.85 5 701 161 9 years 56.10 2 872 549 53.89
63.50 – 73.97 2 496 888 6 years 65.47 1 915 972 66.02
PLC shares of 1.4p £2.54 – £3.08 3 135 879 3 years £2.93 3 135 879 £2.93
£3.43 – £4.78 27 136 885 8 years £4.52 19 175 648 £4.50
£5.24 – £6.79 26 982 948 8 years £5.64 12 535 072 £6.01
NV New York shares of 0.51 $25.67 – $33.89 823 766 3 years $30.72 823 766 $30.72
$41.16 – $56.13 1 393 944 8 years $51.41 381 602 $49.44
$69.19 – $76.69 519 211 7 years $72.72 427 587 $73.48
PLC shares of 1.4p in the form $5.56 – $7.73 9 268 712 8 years $7.08 2 553 148 $6.77
of ADRs (d) $9.30 – $10.85 3 476 132 7 years $10.03 2 862 576 $10.18
(d) 1 ADR is equivalent to 4 PLC shares
(iii) The Share Matching Plans
Under these plans managers can invest up to 25% of their gross bonus in Unilever shares. The Company matches this with the same
number of shares on condition that all shares are held for the agreed period, and that the manager is still employed by Unilever at the end
of this period. The North American managers participate in the North American Share Bonus Plan, the others in the Variable Pay in Shares
Plan, both with a five-year retention period. The numbers below include the numbers of the plan for the directors described in the
Remuneration Report on page 40.
A summary of the status of the Share Matching Plan as at 31 December 2001, 2000 and 1999 and changes during the years ended on
these dates is presented below:
2001 2000 1999
Weighted Weighted Weighted
Number of average Number of average Number of average
shares price shares price shares price
NV shares of 0.51
Outstanding at 1 January 26 302 0.00 4 891 0.00 2 809 0.00
Granted 51 526 0.00 21 411 0.00 2 082 0.00
Exercised ––––––
Forfeited/Expired (a) (215) 0.00 ––––
Outstanding at 31 December 77 613 0.00 26 302 0.00 4 891 0.00
Exercisable at 31 December ––––––
PLC shares of 1.4p
Outstanding at 1 January 198 676 £0.00 36 779 £0.00 19 877 £0.00
Granted 373 646 £0.00 161 897 £0.00 16 902 £0.00
Exercised ––––––
Forfeited/Expired (a) (1 619) £0.00 ––––
Outstanding at 31 December 570 703 £0.00 198 676 £0.00 36 779 £0.00
Exercisable at 31 December ––––––
(a) The number of expired options is immaterial.