Vodafone 2000 Annual Report Download - page 26

Vodafone AirTouch Plc Annual Report & Accounts for the year ended 31 March 2000
24
Remuneration Report of the Board continued
These options by exercise price were: Options
held at Options Options Options
1 April 1999 granted exercised held at
Option or date of during during 31 March
price appointment the year the year 2000
Pence Number Number Number Number
Executive scheme and unapproved scheme
38.6 35,000 – – 35,000
46.7 234,000 – 123,500 110,500
48.3 1,280,500 – 432,500 848,000
58.7 4,193,000 – – 4,193,000
155.9 1,520,500 – – 1,520,500
255.0 – 764,000 – 764,000
Savings related scheme and sharesave scheme
28.4 48,570 – 48,570 –
37.2 18,540 – – 18,540
38.6 26,810 – – 26,810
48.0 43,125 – – 43,125
127.1 7,670 – – 7,670
215.6 – 3,130 – 3,130
1993 Plan
21.4 123,050 – – 123,050
24.2 123,050 – 123,050 –
33.9 31,350 – – 31,350
34.8 750,000 – – 750,000
37.6 30,875,000 – 27,000,000 3,875,000
38.5 29,850 – – 29,850
41.9 75,000 – – 75,000
42.2 75,000 – – 75,000
46.6 27,700 – – 27,700
48.1 29,150 – – 29,150
47.7 29,400 – – 29,400
48.4 53,000 – – 53,000
52.2 75,000 – – 75,000
53.4 29,900 – – 29,900
55.6 25,750 – – 25,750
68.3 1,250,000 – 1,250,000 –
69.9 21,150 – – 21,150
82.0 18,350 – – 18,350
96.0 75,000 – – 75,000
97.4 16,800 – – 16,800
100.2 30,000,000 – 10,000,000 20,000,000
107.8 15,800 – – 15,800
125.3 10,700 – – 10,700
147.2 12,250 – – 12,250
214.0 8,000 – – 8,000
1999 Plan
255.3 – 6,250,000 – 6,250,000
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71,187,965 7,017,130 38,977,620 39,227,475
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Notes
1. All figures restated to take account of the 4:1 capitalisation issue which occurred on 30 September 1999.
2. The share options in respect of the 1993 and 1999 Plans take the form of American Depository Shares, each representing ten ordinary shares in the Company, which are traded on the New York Stock Exchange.
The number and option price have been converted into the equivalent amounts for Vodafone AirTouch ordinary shares, with the option price being translated at the average exchange rate for the year of $1.61:£1.
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 consolidated earnings per share of the Company and options
granted at a discount to market value may not be exercised unless the growth in the consolidated 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 1998 schemes, the performance criteria are different and options will
only be exerciseable if, over any period of three consecutive financial years following grant, the Company achieves growth in consolidated adjusted
earnings per share which exceeds growth in the Index for that period by an average of 3 per cent per annum.
Under the 1993 Plan, Sam Ginn has 2,261,870 Phantom Stock Units, all of which expire on 28 January 2007, and Don Fisher has 32,460 Phantom
Stock Units, which expire on 1 April 2009.
On 5 July 1999, Arun Sarin was granted a Restricted Stock Award (the “Award”) over 3,040,150 Vodafone AirTouch ordinary shares. The Award is split
into three tranches. The first tranche of 1,040,150 vested immediately on grant, with the second and third tranches vesting on 5 July 2000 and 5 July
2001, for 666,000 and 1,334,000 Vodafone AirTouch ordinary shares respectively.