Unilever 2004 Annual Report Download - page 85

Remuneration report
Details – Executive Directors (continued)
82 Unilever Annual Report and Accounts 2004
Footnotes for table on preceding page:
(1) Grants made under the Executive Plan on 24 March 2004 at an option price of €54.10 (NV shares) and 519.50p (PLC shares).
(2) Premium grants made under the Executive Plan on 24 March 2004 at an option price of €54.10 (NV shares) and 519.50p (PLC shares).
(3) Grants made under the Netherlands All-Employee Option Plan on 13 May 2004 at an option price of €53.80 (NV shares).
(4) Options expired without value on 1 June 2004. The options were originally granted in 1999 at a price of €63.65 (NV shares).
(5) Options expired without value on 31 March 2004. Options were originally granted in 1998 at a price of 594p per share.
(6) Options exercised on 18 February 2004 at a market price of $73.92 (NV New York shares) and $10.77 per share (PLC shares). The options
over NV New York shares were originally granted in 1996 (30 000 at an option price of $33.89 per share) and in 1997 (15 000 at an
option price of $48.735 per share). The PLC options were originally granted in 1997 in the form of an ADR at an option price of
$6.715 per PLC share (equivalent to a price of $26.86 per ADR).
(7) Options exercised on 29 October 2004 at a market price of 465.50p per share. The options were originally granted in 1995 at a price of
297.50p per share.
(8) Newly appointed as an Executive Director on 12 May 2004. Balances shown are as at date of appointment.
(9) Options exercised on 20 February 2004 at a market price of €59.30 per share. The options were originally granted in 2000 at a price of
€42.83 per share.
(10)Options exercised on 20 February 2004 at a market price of 574p per share. The options were originally granted in 2000 at a price of
347.25p per share.
(11)Options granted on 28 May 2004 at an option price of 535.50p per share.
(12)Options exercised on 1 March 2004 at a market price of €58.605 per share. 18 000 options were originally granted in 1997 at a price of
€42.79 per share and 12 000 options were originally granted in 2000 at a price of €42.83 per share.
(13)Options exercised on 1 March 2004 at a market price of 565.116p per share. 42 300 options were originally granted in 1996 at a price of
308.25p per share, 120 000 options were originally granted in 1997 at a price of 406.625p per share and 80 000 options were originally
granted in 2000 at a price of 347.25p per share.
(14)Retired from the Boards on 30 September 2004. Balances shown are as at date of retiring from the Boards.
(15)Grants made under the US Executive Plan on 24 March 2004 at an option price of $65.98 (NV New York shares) and $9.64 (PLC shares
granted in the form of ADRs).
(16)Options exercised on 12 February 2004 at a market price of $71.77 per share. The options were originally granted in 1994 at a price of
$25.67 per share.
(17)Premium grants made under the US Executive Plan on 24 March 2004 at an option price of $65.98 (NV New York shares) and $9.64
(PLC shares granted in the form of ADRs).
(18)Options exercised over 156 shares on 12 January 2004 at a market price of $65.14 per share. On the same date 28 shares lapsed. The
options were originally granted in 2002 at a price of $54.11 per share.
(19)Retired from the Boards on 12 May 2004. Balances shown are as at date of retiring from the Boards.
(20)NV options granted in the form of NV New York shares. PLC options granted in the form of American Depositary Receipts (1 ADR
equivalent to 4 PLC shares).
The value, calculated in accordance with an adjusted Black Scholes pricing method in respect of options granted in 2004 to
Mr Burgmans was €368 237 [£249 702], to Mr FitzGerald was €85 326 [£57 859], to Mr Strauss was €292 721 [£198 494], to
Mr Markham was €235 405 [£159 628], to Mr Dadiseth was €198 490 [£134 596], to Mr van Heemstra was €219 709 [£148 985]
and to each of Messrs Butler and Cescau was €230 318 [£156 179].
The term ’Executive Plan’ refers to options granted under the PLC, NV or NA Executive Option Plans (see page 74).
The closing market prices of ordinary shares at 31 December 2004 were €49.33 (NV shares), 512p (PLC shares), $66.71 (NV New York
shares) and $39.52 (per ADR, equivalent to a price of $9.88 per PLC share). During 2004 the highest market prices were €59.75, 576p,
$74.40 and $43.52 respectively, and the lowest market prices were €44.41, 443p, $56.83 and $32.81 respectively.