Aviva 2009 Annual Report Download - page 112

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Aviva plc Directors’ remuneration report continued
Annual Report and Accounts 2009
Share Awards
Table 12 below sets out the current position of those share-based awards made to EDs under current remuneration arrangements.
Table 12: ABP, OATTV Plan and LTIP awards
Market Market
At 1 Awards Awards Awards At 31 price at price at
January granted vesting lapsing December date awards date awards
2009 during year during year during year 2009 granted1 vested Vesting
Number Number Number Number Number Pence Pence Date
Andrew Moss
Aviva Long Term Incentive Plan
— 2006 87,804 — 49,433 38,371 0 814.0 202.5 Mar-09
— 2007 136,540 — — — 136,540 778.5 Mar-10
— 2008 253,289 — — — 253,289 617.5 Mar-11
— 2009 — 632,324 — — 632,324 245.0 Mar-12
Aviva Annual Bonus Plan
— 2006 47,648 11,024
8
58,672 — 0 814.0 202.5 Mar-09
— 2007 64,273 — — — 64,273 778.5 Mar-10
— 2008 93,567 — — — 93,567 617.5 Mar-11
— 2009 — 195,876 — — 195,876 245.0 Mar-12
One Aviva Twice the Value Bonus Plan
— 2008 93,567 — — — 93,567 598.0 Mar-11
— 2009 — 195,876 — — 195,876 245.0 Mar-12
Philip Scott
Aviva Long Term Incentive Plan
— 2006 95,121 — 53,553 41,568 0 814.0 202.5 Mar-09
— 2007 107,282 — — — 107,282 778.5 Mar-10
— 2008 140,625 — — — 140,625 617.5 Mar-11
— 2009 — 351,562 — — 351,562 245.0 Mar-12
Aviva Annual Bonus Plan
— 2006 47,138 10,9078 58,045 — 0 814.0 202.5 Mar-09
— 2007 58,647 — — — 58,647 778.5 Mar-10
— 2008 70,312 — — — 70,312 617.5 Mar-11
— 2009 — 127,054 — — 127,054 245.0 Mar-12
One Aviva Twice the Value Bonus Plan
— 2008 52,734 — — — 52,734 598.0 Mar-11
— 2009 — 95,291 — — 95,291 245.0 Mar-12
Mark Hodges
Aviva Long Term Incentive Plan
— 2006 44,207 — 24,888 19,319 0 814.0 202.5 Mar-09
— 2007 56,892 — — — 56,892 778.5 Mar-10
— 2008 97,450 — — — 97,450 617.5 Mar-11
— 2009 — 304,687 — — 304,687 245.0 Mar-12
Aviva Annual Bonus Plan
— 2006 32,725 7,5728 40,297 — 0 814.0 202.5 Mar-09
— 2007 37,366 — — — 37,366 778.5 Mar-10
— 2008 55,785 — — — 55,785 617.5 Mar-11
— 2009 — 138,561 — — 138,561 245.0 Mar-12
One Aviva Twice the Value Bonus Plan
— 2008 41,838 — — — 41,838 598.0 Mar-11
— 2009 — 103,921 — — 103,921 245.0 Mar-12
Andrea Moneta6
Aviva Long Term Incentive Plan
— 2009 — 249,023 — — 249,023 245.0 Mar-12
Aviva Annual Bonus Plan
— 2009 — 159,375 — — 159,375 245.0 Mar-12
One Aviva Twice the Value Bonus Plan
— 2009 — 119,531 — — 119,531 245.0 Mar-12
Notes
1. The actual price used to calculate the ABP and LTIP awards is based on a three day average price. These were in 2006: 820p; 2007: 769p; 2008: 608p; 2009: 256p. The three day average price
used to grant the 2008 OATTV Plan awards was 617p and in 2009 was 256p
2. The performance period for all awards begins at the commencement of the financial year in which the award is granted.
3. The performance conditions for awards granted and vested during 2009 are explained elsewhere in this report.
4. The monetary value of awards will be calculated by multiplying the relevant number of shares by the market price at the date of vesting.
5. The award date for the awards which vested in 2009 was 30 March 2006.
6. The awards granted to Andrea Moneta were awarded before he was appointed to the board, and were held at the date of his appointment.
7. The awards that vested in 2009 were released with the net amount being settled in shares and the balance settled in cash and used to pay the resulting tax liability.
8. These figures relate to shares issued in lieu of dividends accrued during the deferral period.
9. The aggregate net value of share awards granted to the directors in the period was £5.256 million
(2008: £4.319 million) . The net value has been calculated by reference to the market price at
the date of grant.