Vodafone 2011 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2011 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 156

  • 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
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156

Vodafone Group Plc Annual Report 2011 71
Governance
Share options
No options have been granted to directors during the year. The following information summarises the directors’ options under the Vodafone Group 2008
Sharesave Plan (‘SAYE’), the Vodafone Group 1998 Company Share Option Scheme (‘CSOS’), the Vodafone Group Plc 1999 Long-Term Stock Incentive Plan
(‘LTSIP’) and the GIP. HMRC approved awards may be made under all of the schemes mentioned. 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 Plan were also 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 Options
At granted exercised lapsed
1 April 2010 during the during the during the Options Market
or date of 2011 financial 2011 financial 2011 financial held at Option price on
appointment year year year 31 March 2011 price Date from
which
exercise
Grant Number Number Number Number Number Expiry
date of shares of shares of shares of shares of shares Pence(1) exercisable date Pence
Vittorio Colao
GIP Nov 2006 3,472,975 – – – 3,472,975 135.50 Nov 2009 Nov 2016 –
GIP(2) Jul 2007 3,003,575 – – – 3,003,575 167.80 Jul 2010 Jul 2017 –
SAYE Jul 2009 16,568 – – – 16,568 93.85 Sep 2014 Feb 2015 –
Total 6,493,118 – – – 6,493,118
Andy Halford
CSOS Jul 2000 200 – – (200) – 282.30 Jul 2003 Jul 2010 –
ESOS Jul 2000 66,700 – – (66,700) – 282.30 Jul 2003 Jul 2010 –
LTSIP Jul 2001 152,400 – – – 152,400 151.56 Jul 2004 Jul 2011 –
LTSIP Jul 2005 1,291,326 – – – 1,291,326 145.25 Jul 2008 Jul 2015 –
GIP(2) Jul 2007 2,295,589 – – – 2,295,589 167.80 Jul 2010 Jul 2017 –
SAYE Jul 2009 9,669 – – – 9,669 93.85 Sep 2012 Feb 2013 –
Total 3,815,884 – – (66,900) 3,748,984
Stephen Pusey
GIP Sep 2006 1,034,259 – – – 1,034,259 113.75 Sep 2009 Sep 2016 –
GIP(2) Jul 2007 947,556 – – – 947,556 167.80 Jul 2010 Jul 2017 –
SAYE Jul 2009 9,669 – – – 9,669 93.85 Sep 2012 Feb 2013 –
Total 1,991,484 – – – 1,991,484
Michel Combes
SAYE Jul 2009 9,669 – – – 9,669 93.85 Sep 2012 Feb 2013 –
Total 9,669 – – – 9,669
Notes:
(1) The closing mid-market share price on 31 March 2011 was 176.5 pence. The highest mid-market share price during the year was 185.0 pence and the lowest price was 126.5 pence.
(2) The performance condition on these options is a three year cumulative growth in adjusted earnings per share. The options vested at 100% on 24 July 2010.