BT 1997 Annual Report Download - page 32

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REPORT OF THE BOARD COMMITTEE ON EXECUTIVE REMUNERATION
32
Details of share options held at 1 April 1996, granted and exercised under the share option schemes during the year, and the
balance held at 31 March 1997 are as follows:
Number of share options Option Market
exercise price at Usual date
1 April 31 March price per date of from which Usual
1996 Granted Exercised 1997 share exercise exercisable expiry date
Sir Iain Vallance 55,189 – – 55,189 264p 07/09/92 07/09/99
100,207 – – 100,207 289p 07/12/93 07/12/00
57,957 – – 57,957 333p 09/03/95 09/03/02
20,770 – – 20,770 430p 04/03/96 04/03/03
3,073 – 3,073(b) –244p 341.5p 14/06/96 14/12/96
3,760 – – 3,760 375p 08/12/97 08/12/04
240,956 – 3,073 237,883
Sir Peter Bonfield – 6,460 – 6,460 267p 14/08/01 14/02/02
A W Rudge 60,000 – – 60,000 264p 07/09/92 07/09/99
65,622 – – 65,622 289p 07/12/93 07/12/00
34,534 – – 34,534 333p 09/03/95 09/03/02
10,940 – – 10,940 430p 04/03/96 04/03/03
2,745 – – 2,745 265p 14/06/97 14/12/97
2,460 – – 2,460 375p 08/12/97 08/12/04
2,254 – – 2,254 306p 14/06/00 14/12/00
178,555 – – 178,555
R P Brace 136,890 – – 136,890 263p 06/09/92 06/09/99
18,680 – – 18,680 289p 07/12/93 07/12/00
18,020 – – 18,020 333p 09/03/95 09/03/02
24,890 – – 24,890 430p 04/03/96 04/03/03
4,610 – 4,610(b) –244p 375.5p 14/06/96 14/12/96
30,180 – – 30,180 460p 15/11/96 15/11/03
23,470 – – 23,470 375p 08/12/97 08/12/04
2,265 – – 2,265 320p 14/06/98 14/12/98
– 3,876 – 3,876 267p 14/08/01 14/02/02
259,005 3,876 4,610 258,271
M Argent 82,975 – 82,975(c) –289p 373.5p 07/12/93 07/12/00
33,873 – 33,873(c) –333p 373.5p 09/03/95 09/03/02
10,940 – –(d) –430p 04/03/96 04/03/03
127,788 – 116,848 –
(a) All of the above options were granted for nil consideration.
(b) Sir Iain Vallance and Mr Brace each exercised options under the BT Employee Sharesave Scheme, in which all employees of
the company are eligible to participate, on 8 July and 7 August 1996, respectively.
(c) Mr Argent exercised options under the BT Employee Share Option Scheme on 21 August 1996.
(d) Options lapsed on 3 September 1996.