Unilever 2005 Annual Report Download - page 68
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Report of the Directors
Unilever Annual Report and Accounts 2005 65Unilever Annual Report and Accounts 2005 65
Footnotes for table on preceding page:
(1) Premium grants made under the Executive Plan on 21 March 2005 at an option price of €50.70 (NV shares) and 505p (PLC shares).
(2) Premium grants made under the Executive Plan on 9 November 2005 at an option price of €56.85 (NV shares) and 563p (PLC shares).
(3) Grants made under the Netherlands All-Employee Option Plan on 18 May 2005 at an option price of €53.00 (NV shares).
(4) Options exercised on 3 June 2005 at a market price of €54.70 (NV shares). The options were originally granted in 2000 at an option price
of €53.05.
(5) Options granted on 7 June 2005 at an option price of 541p per share.
(6) Options exercised on 5 October 2005 at a market price of 592.5p. The options were originally granted on 9 June 2000 at an option price of
425p.
(7) Options lapsed without value on 31 March 2005.
(8) Newly appointed as an Executive Director in May 2005. Balances shown are as at date of appointment.
(9) Stepped down from the Boards in May 2005. Balances shown are as at date of retirement from the Boards.
The value, calculated in accordance with an adjusted Black-Scholes pricing method in respect of options granted in 2005 to
the current Executive Directors was as follows: Patrick Cescau €85 550; Kees van der Graaf €33 193; Rudy Markham €32 157;
and Ralph Kugler €5 507.
The term ’Executive Plan’ refers to options granted under the PLC, NV or North America Executive Option Plans.
The closing market prices of ordinary shares at 31 December 2005 were €57.85 (NV shares), 576.5p (PLC shares). During 2005 the
highest market prices were €60.80 and 602.5p respectively, and the lowest market prices were €48.39 and 487.5p respectively.
Report of the Remuneration Committee
(continued)