Vodafone 1997 Annual Report Download - page 62

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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997
Savings related scheme
74.7 20,088 - 20,088 -
94.7 51,483 - 50,217 (2) -
142.0 14,571 - - 14,571
186.0 3,708 - - 3,708
193.0 - 7,149 - 7,149
4,700,550 532,449 1,480,305 3,751,428
Notes
1. Information in the above tables in respect of D Channing Williams and J M Horn-Smith refers to the date
of their appointment, 4 June 1996, and not 1 April 1996.
2. Sir Gerald Whent retired as Chief Executive on 31 December 1996 and has a period of twelve months from
that date to exercise options in the executive scheme and the unapproved scheme. He was unable to
exercise options in respect of 1,266 shares granted to him under the savings related scheme as his
retirement date preceded the completion date of the relevant savings contract.
Options granted at market value under the executive scheme or the unapproved scheme may not be
exercised unless, between the date of grant and the date of first vesting (three years after the date of
grant), there has been real growth in the earnings per share of the Company and options granted at a
discount to market value may not be exercised unless the growth in the earnings per share of the
Company, in the same period, exceeds the growth in the Index of Retail Prices by 2 per cent.
Under the executive scheme in the year to 31 March 1997, Sir Gerald Whent exercised an option for
330,000 shares at the exercise price of 136.3p per share, 165,000 shares at the exercise price of 112.3p per
share and 375,000 shares at the exercise price of 93p, all of which were sold at 245p per share. K J Hydon
exercised an option for 174,000 shares at the exercise price of 93p per share, 127,200 shares at the
exercise price of 107p per share, 44,100 shares at the exercise price of 101.7p per share and 30,900 shares
at the exercise price of 86.7p per share, of which 243,200 shares were sold at 258p per share. Also, E J
Peett exercised an option for 153,000 shares at the exercise price of 146.3p per share and 10,800 shares at
the exercise price of 124.7p per share, which were sold at 260p per share.
Under the savings related scheme in the year to 31 March 1997, Sir Gerald Whent exercised an option for
10,617 shares, C C Gent for 7,920 shares, D Channing Williams for 7,920 shares and J M Horn-Smith for
7,920 shares, all at the exercise price of 94.7p per share. K J Hydon exercised an option for 10,044 shares
at the exercise price of 74.7p per share and an option for 7,920 shares at 94.7p per share. Also, E J Peett
exercised an option for 10,044 shares at the exercise price of 74.7p, all of which shares were sold at 248p
http://www.vodafone.com/download/investor/reports/annual97/5/4.htm (6 of 8)29/03/2007 22:44:51