Vodafone 2015 Annual Report Download - page 89

At 31 March 2015
Total number
of interests
in shares
Non-Executive Directors
Sir Crispin Davis (appointed 28 July 2014) –
Dame Clara Furse (appointed 1 September 2014) –
Valerie Gooding 4,038
Renee James 27,272
Alan Jebson (position at retirement on 31 July 2014) 44,912
Samuel Jonah 30,190
Gerard Kleisterlee 107,078
Omid Kordestani (position at retirement on 31 December 2014) 10,000
Nick Land 42,090
Anne Lauvergeon (position at retirement on 31 July 2014) 17,151
Luc Vandevelde 73,608
Anthony Watson (position at retirement on 31 July 2014) 62,727
Philip Yea 33,408
At 19 May 2015 and during the period from 1 April 2015 to 19 May 2015, no Director had any interest in the shares of any subsidiary company.
Other than those individuals included in the table above who were Board members at 31 March 2015, members of the Group’s Executive
Committee at 31 March 2015 had an aggregate benecial interest in 9,087,835 ordinary shares of the Company. At 19 May 2015 the Directors had
an aggregate benecial interest in 14,431,783 ordinary shares of the Company and the Executive Committee members had an aggregate benecial
interest in 9,088,483 ordinary shares of the Company, which includes awards made under the Vodafone Share Incentive Plan after 31 March
2015. None of the Directors or the Executive Committee members had an individual benecial interest amounting to greater than 1% of the
Company’s ordinary shares.
During the period from 1 April 2015 to 19 May 2015, the Directors’ total number of interests in shares did not change.
Performance shares
The maximum number of outstanding shares that have been awarded to Directors under the long-term incentive (‘GLTI’) plan are currently as follows:
GLTI performance share awards
2013 award
Awarded: July 2012
Performance period ending: March 2015
Vesting date: July 2015
Share price at grant: 179.4 pence
2014 award
Awarded: June 2013 and September 20131
Performance period ending: March 2016
Vesting date: June 2016
Share price at grant: 180.2 pence and 202.5 pence
2015 award
Awarded: June 2014
Performance period ending: March 2017
Vesting date: June 2017
Share price at grant: 189.9 pence
Vittorio Colao 4,511,080 4,185,370 3,350,011
Stephen Pusey 2,072,397 1,904,846 833,113
Nick Read 1,880,086 1,713,392 1,792,668
Note:
1 Due to a close period, Executive Directors were not able to make co-investment commitments at the time of the main award in June 2013 and therefore part of the award was made
in September 2013.
For details of the performance conditions please see page 80.
Share options
The following information summarises the Executive Directors’ options under the Vodafone Group 2008 Sharesave Plan (‘SAYE’), the Vodafone
Group Incentive Plan (‘GIP’) and the Vodafone Group Plc 1999 Long-Term Stock Incentive Plan (‘LTSIP’). HMRC approved awards may be made under
all of the schemes mentioned. No other Directors have options under any schemes.
Options under the Vodafone Group 2008 Sharesave Plan were 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.
Grant date
At
1 April 2014
or date of
appointment
Options
granted
during the
2015 nancial
year
Options
exercised
during the
2015 nancial
year
Options
lapsed
during the
2015 nancial
year
Options
held at
31 March 2015
Option
price Date from
which
exercisable Expiry date
Market
price on
exercise
Gain on
exercise
Number
of shares
Number
of shares
Number
of shares
Number
of shares
Number
of shares Pence1Pence
Vittorio Colao
SAYE Jul 2009 16,568 –(16,568) – – 93.85 Sep 2014 Feb 2015 204.65 £18,357
SAYE Jul 2014 –9,607 – – 9,607 156.13 Sep 2019 Feb 2020 – –
Total 16,568 9,607
Nick Read
LTSIP2Jul 2005 257,838 – – – 257,838 136.00 Jul 2008 Jul 2015 – –
GIP3Jul 2007 927,443 – – – 927,443 167.80 Jul 2010 Jul 2017 – –
SAYE Jul 2012 10,389 – – – 10,389 144.37 Sep 2017 Feb 2018 – –
Total 1,195,670 1,195,670
Note:
1 The closing trade share price on 31 March 2015 was 220.45 pence. The highest trade share price during the year was 239.90 pence and the lowest price was 184.50 pence.
2 The options granted in July 2005 were subject to a three year cumulative growth in adjusted earnings per share performance condition. The options vested 100% in July 2008.
3 The options granted in July 2007 were subject to a three year cumulative growth in adjusted earnings per share performance condition. The options vested 100% in July 2010.
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Annual Report 2015
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