Vodafone 1998 Annual Report Download - page 23

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Annual Reports and Accounts 1998 - Directos Information - Report of the Remuneratrion Committee
150.0 6,900 -- 6,900 --
166.3 518,400 -- 134,100 384,300
176.3 312,600 -- 20,700 291,900
198.5 192,900 -- 15,800 177,100
233.5 219,200 - 49,700 169,500
241.5 417,100 -- 51,300 365,800
293.5 -- 766,500 -- 766,500
Savings related scheme
142.0 14,571 -- -- 14,571
186.0 3,708 -- -- 3,708
193.0 7,149 -- -- 7,149
240.0 -- 11,500 -- 11,500
3,314,028 778,000 1,797,700 2,294,328
Notes
1. E J Peett retired as a director on 31 October 1997 and, accordingly, the information in the above tables does not include details of his options
in the executive scheme and the unapproved scheme. At 31 October 1997 he held a total of 125,500 options in the executive scheme at an
average exercise price of 205.8p per share and 108,200 options in the unapproved scheme at an average exercise price of 241.5p per share
and he had a period of twelve months from that date to exercise the options. P R Bamford joined the Board on 1 April 1998 at which time he
held options over 10,200 and 175,100 shares in the executive scheme and unapproved scheme respectively at an exercise price of 293.5p
per share, the options being exercisable from 9 July 2000.
2. Sir Gerald Whent, who retired as Chief Executive on 31 December 1996, had a period of twelve months from that date to exercise options in
the executive scheme and the unapproved scheme.
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 and the unapproved scheme in the year to 31 March 1998, the following options were exercised
by directors of the Company:
Options exercised Option Market price Gross
during the price at date of pre-tax
year (p) exercise (p) gain (£)
Sir Gerald Whent
134,400
86.7
308.0
297,428
403,200 101.7 308.0 831,802
368,700 107.0 308.0 741,087
75,600 125.7 308.0 137,819
76,200 138.7 308.0 129,007
6,600 141.7 308.0 10,976
http://www.vodafone.com/download/investor/reports/annual98/directorsinfo/remuneration.html (5 of 7)29/03/2007 23:06:30