Unilever 2004 Annual Report Download - page 146

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Unilever Annual Report and Accounts 2004 143
Notes to the consolidated accounts
Unilever Group
30 Share-based compensation plans (continued)
The exercise prices and remaining life of the Executive Option Plans as at 31 December 2004 are as follows:
Options outstanding Options exercisable
Number Weighted Number
outstanding average exercisable
at 31 remaining Weighted at 31 Weighted
Range of December contractual average December average
exercise prices 2004 life exercise price 2004 exercise price
NV shares of €0.51 €42.79 - €60.85 9 982 061 8 years €55.69 4 449 000 €56.90
€63.50 - €73.97 4 685 165 6 years €66.21 1 449 593 €64.61
PLC shares of 1.4p £3.07 - £4.29 7 722 504 5 years £4.12 7 722 504 £4.12
£4.75 - £5.55 44 080 270 7 years £5.16 29 047 011 £5.14
£5.77 - £6.79 44 169 761 8 years £5.88 1 555 470 £6.68
NV New York shares of €0.51 $31.95 - $33.89 109 137 1 year $33.62 109 137 $33.62
$41.16 - $59.40 2 284 627 7 years $55.66 1 775 936 $54.82
$60.05 - $76.69 943 692 6 years $69.02 554 082 $71.33
PLC shares of 1.4p in the form of ADRs(d) $5.56 - $7.73 6 545 464 6 years $7.11 6 545 464 $7.11
$8.35 - $10.85 14 822 044 7 years $9.19 8 930 148 $9.19
(d) 1 ADR is equivalent to 4 PLC shares.
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 (three years from 2002 onwards), and that the manager has not resigned
from 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.
A summary of the status of the Share Matching Plans as at 31 December 2004, 2003 and 2002 and changes during the years ended on these
dates is presented below:
2004 2003 2002
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 373 846 €0.00 225 404 €0.00 77 613 €0.00
Awarded 85 789 €0.00 153 483 €0.00 148 990 €0.00
Exercised (12 115) €0.00 (2 664) €0.00 (143) €0.00
Forfeited (7 432) €0.00 (2 377) €0.00 (1 056) €0.00
Outstanding at 31 December 440 088 €0.00 373 846 €0.00 225 404 €0.00
Exercisable at 31 December –– –– ––
PLC shares of 1.4p
Outstanding at 1 January 2 594 187 £0.00 1 627 386 £0.00 570 703 £0.00
Awarded 630 832 £0.00 1 002 635 £0.00 1 065 406 £0.00
Exercised (90 113) £0.00 (18 910) £0.00 (1 053) £0.00
Forfeited (51 097) £0.00 (16 924) £0.00 (7 670) £0.00
Outstanding at 31 December 3 083 809 £0.00 2 594 187 £0.00 1 627 386 £0.00
Exercisable at 31 December –– –– ––