Unilever 2002 Annual Report Download - page 112

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Financial Statements
Notes to the consolidated accounts 109
Unilever Group
Unilever Annual Report & Accounts and Form 20-F 2002
29 Equity-based compensation plans continued
2002 2001 2000
Weighted Weighted Weighted
Number of average Number of average Number of average
shares price shares price shares price
NV New York shares of 0.51
Outstanding at 1 January 29 255 $0.00 5 034 $0.00 – –
Awarded 87 743 $0.00 24 221 $0.00 5 034 $0.00
Exercised ––––––
Forfeited/Expired (a) (513) $0.00 ––––
Outstanding at 31 December 116 485 $0.00 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 214 752 $0.00 37 264 $0.00 – –
Awarded 599 064 $0.00 177 488 $0.00 37 264 $0.00
Exercised ––––––
Forfeited/Expired (a) (3 568) $0.00 ––––
Outstanding at 31 December 810 248 $0.00 214 752 $0.00 37 264 $0.00
Exercisable at 31 December ––––––
(a) The number of expired share awards is immaterial. (d) 1 ADR is equivalent to 4 PLC shares.
2002 2001 2000
NV share award value information (b)
Fair value per share award 69.14 61.73 52.68
$58.68 $56.54 $49.13
PLC share award value information (b)
Fair value per share award £6.17 £5.22 £4.22
$8.58 $7.70 $6.63
Actual compensation costs recognised (million) 12 2–
(b) Weighted average of share awards 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 40). 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 2002 and 2001 and changes during the year ended on
these dates is presented below:
2002 2001
Weighted Weighted
Number of average Number of average
shares price shares price
NV shares of 0.51
Outstanding at 1 January 71 564 0.00 ––
Awarded 118 445 0.00 71 564 0.00
Exercised ––––
Forfeited/Expired (a) (1 495) 0.00 ––
Outstanding at 31 December 188 514 0.00 71 564 0.00
Exercisable at 31 December ––––
PLC shares of 1.4p
Outstanding at 1 January 533 481 £0.00 ––
Awarded 837 973 £0.00 533 481 £0.00
Exercised ––––
Forfeited/Expired (a) (10 580) £0.00 ––
Outstanding at 31 December 1 360 874 £0.00 533 481 £0.00
Exercisable at 31 December ––––
(a) The number of expired share awards is immaterial.