Unilever 2001 Annual Report Download - page 88

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Unilever Annual Report & Accounts and Form 20-F 2001
NOTES TO THE CONSOLIDATED ACCOUNTS
Unilever Group
>85
Financial Statements
28 Equity-based compensation plans continued
2001 2000
Weighted Weighted
Number of average Number of average
shares price shares price
NV New York shares of 0.51
Outstanding at 1 January 5 034 $0.00 ––
Granted 24 221 $0.00 5 034 $0.00
Exercised ––––
Forfeited/Expired ––––
Outstanding at 31 December 29 255 $0.00 5 034 $0.00
Exercisable at 31 December ––––
PLC shares of 1.4p in the form of ADRs (d)
Outstanding at 1 January 37 264 $0.00 ––
Granted 177 488 $0.00 37 264 $0.00
Exercised ––––
Forfeited/Expired ––––
Outstanding at 31 December 214 752 $0.00 37 264 $0.00
Exercisable at 31 December ––––
(d) 1 ADR is equivalent to 4 PLC shares
2001 2000 1999
NV option value information (b)
Fair value per option 61.73 52.68 68.15
$56.54 $49.13 –
PLC option value information (b)
Fair value per option £5.22 £4.22 £5.94
$7.70 $6.63 –
Actual compensation costs recognised (million) 2 ––
(b) Weighted average of options granted during each period.
(iv) The TSR – Long-Term Incentive Plan
This plan was introduced in 2001 and grants were made to Board members and some senior executives. The level of award which will
vest will vary in accordance with the Total Shareholder Return in comparison with a peer group (see description on page 33). If the ranking
is below the median, the award will lapse; the higher the ranking above the median, the higher the award.
A summary of the status of the TSR – Long-Term Incentive Plan as at 31 December 2001 and changes during the year ended on that date
is presented below:
2001
Weighted
Number of average
shares price
NV shares of 0.51
Outstanding at 1 January ––
Granted 71 564 0.00
Exercised ––
Forfeited/Expired ––
Outstanding at 31 December 71 564 0.00
Exercisable at 31 December ––
PLC shares of 1.4p
Outstanding at 1 January ––
Granted 533 481 £0.00
Exercised ––
Forfeited/Expired ––
Outstanding at 31 December 533 481 £0.00
Exercisable at 31 December ––
.