Vodafone 2009 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2009 Vodafone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

Governance
Vodafone Group Plc Annual Report 2009 65
Share options
No options have been granted to directors during the 2009 financial year. The following information summarises the directors’ options under the Vodafone Group 1998
Sharesave Scheme, the Vodafone Group 1998 Company Share Option Scheme (‘CSOS’), the LTSIP and the GIP. HMRC approved awards may be made under all of the schemes
above. The table also summarises the directors’ options under the Vodafone Group 1998 Executive Share Option Scheme (‘ESOS’), which is not HMRC approved. No other
directors have options under any of these schemes.
In the past, options under the Vodafone Group 1998 Sharesave Scheme were granted at a discount of 20% to the market value of the shares and options under the
Vodafone Group 2008 Sharesave scheme may be granted at a discount of 20% to the market value of the shares at the time of the grant. No other options may be granted
at a discount.
Options Options
exercised lapsed Realised
during the during the Options gains on
At 2009 financial 2009 financial held at Option Date from options
Grant 1 April 2008 year year 31 March 2009 price which Expiry exercised
date(1)(2) Number Number Number Number Pence(3) exercisable date £’000
Vittorio Colao
GIP November 2006 3,472,975 – – 3,472,975 135.50 November 2009 November 2016 –
GIP July 2007 3,003,575 – – 3,003,575 167.80 July 2010 July 2017 –
Total 6,476,550 – – 6,476,550 –
Andy Halford
CSOS July 1999 11,500 – – 11,500 255.00 July 2002 July 2009 –
ESOS July 1999 114,000 – – 114,000 255.00 July 2002 July 2009 –
CSOS July 2000 200 – – 200 282.30 July 2003 July 2010 –
ESOS July 2000 66,700 – – 66,700 282.30 July 2003 July 2010 –
LTSIP July 2001 152,400 – – 152,400 151.56 July 2004 July 2011 –
LTSIP July 2002 94,444 – – 94,444 90.00 July 2005 July 2012 –
LTSIP July 2003 233,333 – – 233,333 119.25 July 2006 July 2013 –
LTSIP July 2004 226,808 – – 226,808 119.00 July 2007 July 2014 –
LTSIP July 2005 1,796,003 – (504,677) 1,291,326 145.25 July 2008 July 2015 –
GIP July 2006 3,062,396 – – 3,062,396 115.25 July 2009 July 2016 –
SAYE July 2006 10,202 – – 10,202 91.64 September 2009 February 2010 –
GIP July 2007 2,295,589 – – 2,295,589 167.80 July 2010 July 2017 –
Total 8,063,575 – (504,677) 7,558,898 –
Arun Sarin(4)
LTSIP July 2003 7,379,454 – – 7,379,454 119.25 July 2006 February 2010 –
SAYE(5) July 2003 16,710 (16,710) – – 95.30 September 2008 February 2009 8
LTSIP July 2004 3,536,470 – – 3,536,470 119.00 July 2007 February 2010 –
LTSIP July 2005 5,711,292 – (1,604,874) 4,106,418 145.25 July 2008 February 2010 –
GIP July 2006 8,115,350 – (225,427) 7,889,923 115.25 March 2009 February 2010 –
GIP July 2007 5,912,753 – (2,135,161) 3,777,592 167.80 March 2009 February 2010 –
Total 30,672,029 (16,710) (3,965,462) 26,689,857 8
Notes:
(1) The awards granted in July 2005 vested in July 2008. The performance condition on these awards was a cumulative EPS growth of 8% to 16% over the three year performance period to 31 March 2008.
A proportion of the award vested in line with the level of performance achieved.
(2) The unvested awards granted in July 2006 and July 2007 have performance periods ending on 31 March 2009 and 31 March 2010, respectively. The performance conditions for these awards are three
year EPS growth ranges of 5% to 10% per annum and 5% to 8% per annum respectively.
(3) The closing mid-market share price on 31 March 2009 was 122.75 pence. The highest mid-market share price during the year was 168.0 pence and the lowest price was 103.0 pence.
(4) Arun Sarin’s July 2006 and July 2007 awards vested when he retired on 28 February 2009. The number of share options vesting was pro-rated for time and performance.
(5) Arun exercised his SAYE options on 1 September 2008. The mid-market closing share price on 29 August 2008 was 141.05 pence.