Vodafone 2016 Annual Report Download - page 71

At 31 March 2016
Total number
of interests
in shares
Non-Executive Directors
Sir Crispin Davis 34,500
Dr Mathias Döpfner 11,500
Dame Clara Furse 25,000
Valerie Gooding14,038
Renee James 27,272
Samuel Jonah 30,190
Gerard Kleisterlee 107,078
Nick Land 42,090
David Nish 21,227
Luc Vandevelde (position at retirement on 28 July 2015) 75,474
Philip Yea 33,408
Note:
1 On 17 May 2016, Valerie Gooding acquired an interest in a further 7,962 shares resulting in a total interest in 12,000 shares as at 17 May 2016.
At 17 May 2016 and during the period from 1 April 2016 to 17 May 2016, no Director had any interest in the shares of any subsidiary company.
Other than those individuals included in the tables above who were Board members at 31 March 2016, members of the Group’s Executive
Committee at 31 March 2016 had an aggregate benecial interest in 11,188,246 ordinary shares of the Company. At 17 May 2016 the Directors had
an aggregate benecial interest in 13,336,745 ordinary shares of the Company and the Executive Committee members had an aggregate benecial
interest in 11,197,712 ordinary shares of the Company, which includes awards made under the Vodafone Share Incentive Plan after 31 March
2016 and share purchases made after the year-end outside of the close period. 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.
With the exception of the acquisition of an interest in 7,962 ordinary shares by Valerie Gooding as outlined above, the Directors’ total number
of interests in shares did not change during the period from 1 April 2016 to 17 May 2016.
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
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
2016 award
Awarded: June 2015 and September 20151
Performance period ending: March 2018
Vesting date: June 2018
Share price at grant: 239.4 pence and 207.2 pence
Vittorio Colao 4,185,370 3,350,011 3,039,156
Stephen Pusey 1,904,846 833,113 –
Nick Read 1,713,392 1,792,668 1,589,967
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 2015 and therefore part of the award was made
in September 2013 and 2015 respectively.
For details of the performance conditions please see page 62.
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 and, other than under the SAYE, no options have been granted
since 2007.
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 2015
or date of
appointment
Options
granted
during the
2016 nancial
year
Options
exercised
during the
2016 nancial
year
Options
lapsed
during the
2015 nancial
year
Options
held at
31 March 2016
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 2014 9,607 – – – 9,607 156.13 Sep 2019 Feb 2020 – –
Total 9,607 9,607
Nick Read
LTSIP2Jul 2005 257,838 –257,838 – – 136.00 Jul 2008 Jul 2015 206.89 £182,786
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 1,195,670 937,832
Notes:
1 The closing trade share price on 31 March 2016 was 221.20 pence. The highest trade share price during the year was 255.35 pence and the lowest price was 200.20 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.
Overview Strategy review Performance Governance Financials Additional information
Vodafone Group Plc
Annual Report 2016
69