BP 2009 Annual Report Download - page 91

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BP Annual Report and Accounts 2009
Directors’ remuneration report
Directors’ remuneration report
Share optionsa
Market price Date from
Option At 31 Dec Option at date of which first
type At 1 Jan 2009 Granted Exercised 2009 price exercise exercisable Expiry date
Dr A B Hayward SAYE 3,220 – – 3,220 £5.00 01 Sep 2011 29 Feb 2012
EXEC 34,000 – – 34,000 £5.99 15 May 2003 15 May 2010
EXEC 77,400 – – 77,400 £5.67 23 Feb 2004 23 Feb 2011
EXEC 160,000 – – 160,000 £5.72 18 Feb 2005 18 Feb 2012
EDIP 220,000 – 220,000 – £3.88 £5.88 17 Feb 2004 17 Feb 2010
EDIP 275,000 – – 275,000 £4.22 25 Feb 2005 25 Feb 2011
I C Conn SAYE 1,186 – 1,186 – £3.86 £5.74 01 Sep 2009 28 Feb 2010
SAYE 1,498 – – 1,498 £4.41 01 Sep 2010 28 Feb 2011
SAYE 617 – – 617 £4.87 01 Sep 2011 01 Feb 2012
SAYE – 605 – 605 £4.20 01 Sep 2012 28 Feb 2013
EXEC 72,250 – – 72,250 £5.67 23 Feb 2004 23 Feb 2011
EXEC 130,000 – – 130,000 £5.72 18 Feb 2005 18 Feb 2012
R W Dudleybc BP SOP 1,800 – – 1,800 $48.94 28 Mar 2003 27 Mar 2010
BP SOP 6,460 – – 6,460 $49.65 23 Feb 2004 22 Feb 2011
BP SOP 1,073 – – 1,073 $43.82 17 Dec 2004 16 Dec 2011
BP SOP 17,835 – – 17,835 $48.99 18 Feb 2005 17 Feb 2012
BP SOP 17,835 – – 17,835 $38.10 17 Feb 2006 16 Feb 2013
Dr B E GrotebBPA 10,404 – – –d$53.90 15 Mar 2000 14 Mar 2009
BPA 12,600 – – 12,600 $48.94 28 Mar 2001 27 Mar 2010
EDIP 58,173 – – –d$48.82 18 Feb 2003 18 Feb 2009
EDIP 58,173 – 45,000 13,173e$37.76 $57.28-$59.50 17 Feb 2004 17 Feb 2010
EDIP 58,333 – – 58,333 $48.53 25 Feb 2005 25 Feb 2011
A G Inglis SAYE 4,550 – 4,550 – £3.50 £4.86 01 Sep 2008 28 Feb 2009
EXEC 72,250 – – 72,250 £5.67 23 Feb 2004 22 Feb 2011
EXEC 119,000 – – 119,000 £5.72 18 Feb 2005 17 Feb 2012
EXEC 119,000 – – 119,000 £3.88 17 Feb 2006 16 Feb 2013
EXEC 100,500 – – 100,500 £4.22 25 Feb 2007 24 Feb 2014
The closing market prices of an ordinary share and of an ADS on 31 December 2009 were £6.00 and $57.97 respectively.
During 2009, the highest market prices were £6.09 and $59.93 respectively and the lowest market prices were £4.05 and $34.14 respectively.
BPA = BP Amoco share option plan, which applied to US executive directors prior to the adoption of the EDIP.
EDIP = Executive Directors’ Incentive Plan adopted by shareholders in April 2005 as described on page 84.
EXEC = Executive Share Option Scheme. These options were granted to the relevant individuals prior to their appointments as directors and are not subject to performance conditions.
SAYE = Save As You Earn employee share scheme.
BP SOP = BP Share Option Plan. These options were granted to Mr Dudley prior to his appointment as a director and are not subject to performance conditions.
aThis information has been subject to audit.
bNumbers shown are ADSs under option. One ADS is equivalent to six ordinary shares.
cOn appointment to the board.
dOptions lapsed.
eOptions exercised on 12 February 2010 at a market price of $54.36 per ADS.