Aviva 2002 Annual Report Download - page 53

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Incentive plans
Details of the directors who held executive office for any part of the financial year, and hold or held options to subscribe for ordinary
shares of the Company or hold or held awards over shares in the Company, pursuant to the Company’s share-based incentive plans, are
set out below.
Share options
At At
1 January Options granted Options exercised Options lapsing 31 December Exercise
2002 during year during year during year 2002 price
Number Number Number Number Number p Exercise period
Mike Biggs
–Savings related options
1997 3,185 – – 3,185 –541.6 July 2002 – Dec 2002
Richard Harvey
–Savings related options
1997 3,185 – – 3,185 –541.6 July 2002 – Dec 2002
2002 – 4,426 – – 4,426 401.0 Dec 2009 – May 2010
Philip Scott
–Savings related options
1997
3,185
–
3,185 –
541.6
July 2002 – Dec 2002
2002 – 4,096 – – 4,096 401.0 Dec 2007 – May 2008
Patrick Snowball
–Savings related options
1997
3,185 –
–
3,185 –
541.6
July 2002 – Dec 2002
Philip Twyman
–Executive options
1996 39,714 – –
–
39,714 553.9 Aug 1999 – Aug 2006
1997 36,637 – –
–
36,637 766.4 Aug 2000 – Aug 2007
1998 36,107 – –
–
36,107 853.0 Dec 2001 – Dec 2008
1999 36,866 – –
–
36,866 919.0 Aug 2002 – Aug 2009
2000 41,666 – –
–
41,666 960.0 Sept 2003 – Sept 2010
–Savings related options
1998 2,162 – – 2,162 –797.6
2002 – 2,356
––
2,356 401.0 Dec 2005 – May 2006
–Bonus Plan options
1999 3,824 – –
–
3,824 966.5 July 2002 – July 2009
2000 4,259 –
––
4,259 875.0 Mar 2003 – Mar 2010
Tony Wyand
–Executive options
1994 37,099–––37,099 575.3 Mar 1997 – Mar 2004
1994 12,701–––12,701 547.2 Nov 1997 – Nov 2004
1995 5,651–––5,651 614.8 Aug 1998 – Aug 2005
1996 50,129–––50,129 581.2 Mar 1999 – Mar 2006
1998 43,376–––43,376 853.0 Dec 2001 – Dec 2008
1999 42,720–––42,720 919.0 Aug 2002 – Aug 2009
2000 45,000–––45,000 960.0 Sept 2003 – Sept 2010
–Savings related options
1998 2,162–––2,162 797.6 Nov 2003 – April 2004
–Bonus Plan options
1999 4,593–––4,593 966.5 July 2002 – July 2009
Current plans
“Savings related options” are options granted under the Inland Revenue-approved SAYE Share Option Schemes. Options are normally
exercisable during the six months period following either the third, fifth or seventh anniversary of the relevant savings contract.
Closed plans
“Executive options” are those granted to former CGU directors under the CGNU Executive Share Option Scheme, or predecessor
schemes. Options, granted on various dates from 1994 to 2000 are normally exercisable between the third and tenth anniversaries of
their date of grant. No options have been granted to executive directors under these schemes since 2000.
39 Aviva plc
Annual report + accounts 2002