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27. Share-based payments (continued)
Movements in outstanding ordinary share and ADS options
ADS options Ordinary share options
201420132012 201420132012
Millions Millions Millions Millions Millions Millions
1 April –1 1 40 84 171
Granted during the year –– – 12 7 5
Forfeited during the year –– – (1) (1) (1)
Exercised during the year –(1)– (22) (41) (55)
Expired during the year –– – (2) (9) (36)
31 March –– 1 27 40 84
Weighted average exercise price:
1 April US$22.16 US$15.20 US$14.82 £1.41 £1.18 £1.32
Granted during the year –– – £1.49 £1.45 £1.31
Forfeited during the year –– – £1.34 £1.64 £1.07
Exercised during the year US$29.31 US$13.88 – £1.43 £1.05 £1.37
Expired during the year – – – £1.37 £0.98 £1.56
31 March –US$22.16 US$15.20 £1.42 £1.41 £1.18
Summary of options outstanding and exercisable at 31 March 2014
Outstanding Exercisable
Weighted Weighted
average average
Weighted remaining Weightedremaining
Outstanding average contractual Exercisable average contractual
shares exerciselife shares exercise life
Millions price Months Millions price Months
Vodafone Group savings related and Sharesave Plan:
£0.01–£1.00 2£0.94 11 –––
£1.01–£2.00 21 £1.43 37 –––
23 £1.38 34 –––
Vodafone Group 1999 Long-Term Stock Incentive Plan:
£1.01–£2.00 4£1.60 34 4£1.60 34
Share awards
Movements in non-vested shares are as follows:
2014 2013 2012
Weighted Weighted Weighted
average fair average fair average fair
value at value at value at
Millions grant date Millions grant date Millions grant date
1 April 294 £1.27 352£1.08387£1.00
Granted 84 £1.58 91 £1.49 120 £1.29
Vested (81) £1.11 (118) £0.91 (116) £1.12
Forfeited (54) £1.19 (31) £1.19 (39) £0.81
31 March 243 £1.44 294 £1.27 352 £1.08
Other information
The total fair value of shares vested during the year ended 31 March 2014 was £90 million (2013: £107 million; 2012: £130 million).
The compensation cost included in the consolidated income statement in respect of share options and share plans was £92 million
(2013:£124 million; 2012: £133 million) which is comprised entirely of equity-settled transactions.
The average share price for the year ended 31 March 2014 was 212.2 pence (2013: 173.0 pence; 2012: 169.9 pence).
Notes to the consolidated nancial statements (continued)
Vodafone Group Plc
Annual Report 2014158