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REPORT OF THE REMUNERATION COMMITTEE ON DIRECTORS’ REMUNERATION Aer Lingus Group Plc
Annual Report 2011
Report of the Remuneration Committee on Directors’ Remuneration (continued)
52
Table 2.3 Share Options
As at 31 December 2011 and subject to achieving the closing market share prices (as set out in the third column) below, for at least 25 of the 40
days prior to the relevant dates noted below, there are outstanding options over 1,500,000 ordinary shares granted to Mr Christoph Mueller
composed as follows:
(1) 110% of ¤0.521 per share
(2) 130% of ¤0.521 per share
(3) 170% of ¤0.521 per share
Table 2.4 LTIP Awards
(1)
(1)
Any vesting of these shares is subject to the achievement of the performance targets outlined above.
Colm Barrington Christoph Mueller
DIRECTOR DIRECTOR
Approved by the Board of Directors on 29 March 2012
No. of Closing market share Exercise price Normal dates exercisable
ordinary price and relevant
shares date for option to
become exercisable
Mr. Christoph 500,000 ¤1.00 ¤0.573
(1)
7September 2012 until 7 September 2019
Mueller 7 September 2012
500,000 ¤1.60 ¤0.677
(2)
7September 2013 until 7 September 2019
7September 2013
500,000 ¤2.20 ¤0.886
(3)
7September 2014 until 7 September 2019
7September 2014
LTIP Award Year Performance Period
Mr. Christoph 450,664 2010 1January 2010 - 31 December 2012
Mueller 600,000 2011 1 January 2011 - 31 December 2013
Mr Andrew 407,970 2010 1 January 2010 - 31 December 2012
Macfarlane 500,000 2011 1 January 2011 - 31 December 2013