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Remuneration report 57
Unilever Annual Report & Accounts and Form 20-F 2002
No compensation for loss of office, payments for loss of office or other termination payments were paid to directors
in 2002.
Directors’ share options
Details of the option plans under which directors and employees are able to acquire ordinary shares of NV and PLC are
shown in note 29 on pages 103 to 111.
As at 28 February 2003 the directors and officers as a group held options to purchase the following ordinary shares:
594 795 NV shares of €0.51
4 407 793 PLC shares of 1.4p
246 134 NV shares of €0.51 of the New York Registry
706 828 PLC shares of 1.4p (held as 176 707 ADRs)
Options to acquire NV ordinary shares of €0.51 each and options to acquire PLC ordinary shares of 1.4p each were granted,
exercised and held during 2002 as follows:
Options outstanding Options outstanding
below market price above market price
at end of year at end of year
Weighted Weighted
Range of dates average average
1 January 31 December for earliest and exercise exercise
Name 0.51/1.4p Granted (g) Exercised 0.51/1.4p latest exercise Number price Number price
A Burgmans (a) 66 000 19 800 9 000 76 800 08.05.01 - 06.06.12 30 000 €51.00 46 800 €66.09
(b) 216 50 16 250 15.09.03 - 12.06.07 100 €55.34 150 €65.40
(c) 440 000 132 000 60 000 512 000 08.05.01 - 06.06.12 440 000 504p 72 000 660p
(d) 2 904 – – 2 904 01.10.03 - 31.03.04 – – 2 904 594p
N W A FitzGerald (a) 84 000 21 600 – 105 600 02.06.00 - 06.06.12 48 000 €47.92 57 600 €66.64
(b) 200 50 – 250 15.09.03 - 12.06.07 100 €55.34 150 €65.40
(c) 955 392 144 000 353 092 746 300 29.05.99 - 06.06.12 602 300 471p 144 000 660p
(d) 3 543 – – 3 543 01.10.03 - 31.03.06 2 382 425p 1 161 594p
A C Butler (a) 52 502 13 500 – 66 002 02.06.00 - 06.06.12 30 002 €47.92 36 000 €66.64
(b) 150 50 – 200 01.06.04 - 12.06.07 50 €53.05 150 €65.40
(c) 588 212 90 000 – 678 212 07.06.98 - 06.06.12 588 212 411p 90 000 660p
(d) 4 652 – 4 652 – – – – –
P J Cescau (a) 49 143 14 250 – 63 393 08.05.01 - 06.06.12 18 750 €51.00 44 643 €66.25
(b) 50 50 – 100 30.05.04 - 12.06.07 – – 100 €66.28
(c) 334 626 95 040 – 429 666 08.05.01 - 06.06.12 349 626 511p 80 040 657p
(e) 45 000 – – 45 000 29.05.97 - 02.06.07 45 000 $38.84 – –
(f) 100 192 – – 100 192 03.06.98 - 02.06.07 100 192 $6.72 – –
K B Dadiseth (a) 30 750 11 850 – 42 600 02.06.00 - 06.06.12 21 750 €49.87 20 850 €66.71
(c) 222 240 79 000 2 992 298 248 10.06.97 - 06.06.12 264 248 476p 34 000 662p
(d) – 2 744 – 2 744 01.10.07 - 31.03.08 – – 2 744 603p
A R van Heemstra (a) 45 750 13 050 9 000 49 800 08.05.01 - 06.06.12 27 750 €55.06 22 050 €67.95
(b) 50 50 – 100 30.05.04 - 12.06.07 – – 100 €66.28
(c) 348 276 87 000 103 276 332 000 08.05.01 - 06.06.12 185 000 468p 147 000 621p
R H P Markham (a) 50 250 13 050 – 63 300 02.06.00 - 06.06.12 27 750 €48.34 35 550 €66.63
(b) 200 50 – 250 15.09.03 - 12.06.07 100 €55.34 150 €65.40
(c) 367 292 87 000 – 454 292 06.12.99 - 06.06.12 367 292 474p 87 000 662p
(d) 3 283 – – 3 283 01.10.04 - 31.03.05 3 283 514p – –
C B Strauss (e) 172 200 19 800 7 200 184 800 10.06.94 - 02.06.12 165 000 $36.87 19 800 $72.28
(f) 380 000 132 000 – 512 000 03.06.98 - 02.06.12 452 000 $7.41 60 000 $10.85
(a) Options in NV shares under the Executive Plan. (b) Options in NV shares under the Netherlands Employee Option Plan.
(c) Options in PLC shares under the Executive Plan. (d) Options in PLC shares under the UK Employee Sharesave Plan.
(e) Options in NV New York shares under the Executive Plan.
(f) Options in PLC shares in the form of American Depositary Receipts under the Executive Plan (1 ADR equivalent to 4 PLC shares).
(g) Granted in the year on the basis, where applicable, of earnings per share (BEIA) in the prior year.
The term ’Executive Plan’ refers to options granted under the PLC, NV or NA Executive Option Plans (see page 106).
See also notes on page 58.
Report of the Directors