Vodafone 2003 Annual Report Download - page 67

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Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003 65
The Company’s register of directors’ interests (which is open to inspection) contains full details of directors’ shareholdings and options to subscribe. These options by
exercise price were:
Options
held at Options Options Options Options
1 April 2002 granted exercised lapsed held at
Option or date of during the during the during the 31 March
price appointment year year year 2003
Pence Number Number Number Number Number
Vodafone Group Plc Executive Share Option Scheme (Approved – 1988)
Vodafone Group Plc Share Option Scheme (Unapproved – 1988)
Vodafone Group 1998 Company Share Option Scheme (Approved)
Vodafone Group 1998 Executive Share Option Scheme (Unapproved)
48.3 316,000 316,000 –
58.7 2,627,000 2,627,000
155.9 1,520,500 1,520,500
164.49 100,146 100,146
255.0 764,000 764,000
282.3 1,522,500 1,522,500
Vodafone Group Plc Savings Related Share Option Scheme (1988)
Vodafone Group 1998 Sharesave Scheme
48.0 43,125 43,125 –
70.92 – 50,126 50,126
127.0 17,517 17,517 –
AirTouch Communications, Inc. 1993 Long Term Incentive Plan(1)
104.23 5,000,000 5,000,000
Vodafone Group Plc 1999 Long Term Stock Incentive Plan
97.0 – 30,140,785 30,140,785
151.56 2,796,100 2,796,100
157.5 24,943,043 24,943,043
266.09 6,250,000 6,250,000
291.5 15,803,684 15,803,684
61,703,615 30,190,911 359,125 17,517 91,517,884
Note:
(1) These share options are in respect of American Depositary 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 the Company’s ordinary shares, with the option price being translated at the average exchange rate for
the year of $1.5446:£1.
Details of the options exercised by directors of the Company in the year to 31 March 2003, are as follows:
Options exercised Market price Gross
during the Option at date of pre-tax
year price exercise gain
Number Pence Pence £000
Sir Christopher Gent 14,375 48.0 84.25 5.2
Julian Horn-Smith 14,375 48.0 98.5 7.3
316,000 48.3 114.5 209.2
Ken Hydon 14,375 48.0 84.25 5.2
359,125 226.9
Note:
The aggregate gross pre-tax gain made on the exercise of share options in the year by the above Company’s directors was £226,873 (2002: £129,328). The closing
middle market price of the Company’s shares at the year end was 113p, its highest closing price in the year having been 131.25p and its lowest closing price having
been 80.5p.