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Unilever Annual Report and Accounts 2006 57
Report of the Directors (continued)
Report of the Remuneration Committee (continued)
Executive Directors’ conditional share awards under the TSR Long-Term Incentive Plan (continued)
Executive Directors’ Share Matching Plan
The following conditional shares were outstanding, awarded or vested during 2006 under the share matching plan:
Balance of Balance of
conditional conditional
shares shares at
at 1 January Conditional shares Shares vested on 31 December
2006 awarded in 2006(a)(b) 24 March 2006(a)(c) 2006
Market Original
Share No. of No. of Price at No. of price price No. of
type shares(a) shares award shares at vesting at award shares
Patrick Cescau NV 7 932 6 552 €19.10 (5 706) €19.15 €18.37 8 778
PLC 7770 6 671 1 301.11p (5 449) 1 298.89p 1 300p 8 992
Kees van der Graaf NV 4 293 2 211 €19.10 (2 238)(d) €19.15 €18.37 4 266
PLC 4 439 2 254 1 301.11p (2 299)(d) 1298.89p 1 300p 4 394
Ralph Kugler NV 4359 2175 €19.10 (2 703) €19.15 €18.37 3 831
PLC 4 305 2 215 1 301.11p (2 584) 1 298.89p 1 300p 3 936
Rudy Markham NV 6 675 2 739 €19.10 (4 482) €19.15 €18.37 4 932
PLC 6 552 2 788 1 301.11p (4 269) 1 298.89p 1 300p 5 071
(a) The numbers of shares and prices have been converted following the share split and share consolidation which took place on 22 May 2006.
(b) Each award of matching shares is conditional and vests three years after the date of the award subject to certain conditions. The 2006
award was made on 21 March 2006 and will vest on 21 March 2009.
(c) The conditional shares awarded on 25 March 2003 (relating to the 2002 performance period) vested on 24 March 2006.
(d) Includes conditional shares awarded in 2001: 1 041 NV (original granted at €20.97) and 1 155 PLC (original granted at 1 174p).
Antony Burgmans changed from Executive to Non-Executive Director at the 2005 AGMs and assumed his new role of Non-Executive
Chairman. In his capacity as an Executive Director Antony Burgmans was granted conditional share under the Executive Directors’
Share Plan.
Below details of the balances and vesting of shares under this Plan:
Conditional
Balance shares Shares vested Balance
1January awarded 24 March 31 December
2006(a) in 2006(a)(b) 2006(a)(c) 2006
NV 9 909 1 743 (7 083) 4 569
PLC 9698 1773 (6 759) 4712
(a) The number of shares and prices have been converted following the share split and share consolidation which took place on 22 May 2006.
(b) The award was made 21 March 2006 and related to the period January to May 2005. The award will vest on 21 March 2009.
(c) The conditional shares awarded 25 March 2003 vested on 24 March 2006.
In his capacity as a Non-Executive Chairman, Antony Burgmans does not participate in any share-based remuneration.