Vodafone 2003 Annual Report Download - page 107

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Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003 105
Options
A summary of the options outstanding at 31 March 2003 to subscribe for shares in the Company is provided in the following table.
Weighted
average Exercisable
Total period Exercisable shares/ADSs
shares/ADSs remaining Weighted shares/ADSs weighted
under to full average at average
option vesting exercise 31 March 2003 exercise
Range of exercise prices (millions) (months) price (millions) price
Ordinary shares:
Vodafone Group Savings Related and Sharesave Schemes
£0.01 – £1.00 34.9 39 £0.71 0.2 £0.71
£1.01 – £2.00 5.2 19 £1.27 ––
£2.01 – £3.00 1.1 15 £2.23 ––
41.2 0.2
Vodafone Group Executive Schemes
£0.01 – £1.00 82.8 21 £0.81 20.9 £0.55
£1.01 – £2.00 75.7 7 £1.57 42.2 £1.57
£2.01 – £3.00 55.3 3 £2.75 13.6 £2.66
213.8 76.7
Vodafone Group 1999 Long Term Stock Incentive Plan
£0.01 – £1.00 565.4 27 £0.91 6.6 £0.90
£1.01 – £2.00 269.3 16 £1.56 7.2 £1.58
£2.01 – £3.00 21.2 4 £2.92 ––
855.9 13.8
American Depositary Shares, each representing ten ordinary shares in the Company, are listed on the New York Stock Exchange. Following the merger with
AirTouch, some rights to acquire AirTouch Communications, Inc. 1993 Long Term Stock Incentive Plan options were converted into rights to acquire shares in
the Company. No further awards will be granted under this scheme.
American Depositary Shares:
AirTouch Communications, Inc. 1993 Long Term Stock Incentive Plan
$0.01 – $10.00 1.0 – $6.54 1.0 $6.54
$10.01 – $20.00 5.0 – $16.27 5.0 $16.27
$20.01 – $30.00 0.1 – $20.02 0.1 $20.02
$30.01 – $40.00 0.2 – $34.05 0.2 $34.05
6.3 6.3
Vodafone Group 1999 Long Term Stock Incentive Plan
$10.01 – $20.00 6.3 21 $13.71 0.2 $13.65
$20.01 – $30.00 3.7 16 $22.74 1.2 $22.70
$30.01 – $40.00 0.1 – $36.12 0.1 $36.12
$40.01 – $50.00 4.5 7 $42.28 3.8 $41.94
$50.01 – $60.00 0.1 12 $58.60 0.1 $58.60
14.7 5.4
By 31 March 2003, agreement had been reached with the employees of Vodafone Netherlands and Vodafone Portugal that their options over shares in those
companies would be converted to options over shares in the Company. If all employees opt to convert their options this will result in a maximum of
51,892,066 additional options over shares in the Company.