BT 1999 Annual Report Download - page 54

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53
Details of share options held at 1 April 1998, granted and exercised under the share option schemes during the year, and the
balance held at 31 March 1999 are as follows:
Number of shares under option Option Market
exercise price at Usual date
1 April 31 March price per date of from which Usual
1998 Granted Exercised 1999 share exercise exercisable expiry date
))))0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
Sir Iain Vallance 57,957 – – 57,957 333p 09/03/95 09/03/02
20,770 – – 20,770 430p 04/03/96 04/03/03
3,760 – – 3,760 375p 08/12/97 08/12/04
000511!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
82,487 – – 82,487
000511!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
Sir Peter Bonfield 6,460 – – 6,460 267p 14/08/01 14/02/02
000511!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
R P Brace 136,890 – 136,890(b) –263p 734p 06/09/92 06/09/99
18,680 – 18,680(b) –289p 734p 07/12/93 07/12/00
18,020 – 18,020(b) –333p 734p 09/03/95 09/03/02
24,890 – – 24,890 430p 04/03/96 04/03/03
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(c) –320p 817.5p 14/06/98 14/12/98
3,876 – – 3,876 267p 14/08/01 14/02/02
– 1,332(d) –1,332 518p 14/08/03 14/02/04
000511!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
258,271 1,332 175,855 83,748
000511!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
B Cockburn – 3,330(d) –3,330 518p 14/08/03 14/02/04
000511!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
A W Rudge(e) 10,940 – 10,940(f) –430p 648p 04/03/96 04/03/03
2,460 – 2,460(f) –375p 648p 08/12/97 08/12/04
2,254 – 1,193(g) –306p 670.5p 14/06/00 14/12/00
000511!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111!!!0111
15,654 – 14,593 –
000511!!!0111!!!0111!!!0111!!!0111!!!
Total 362,872 4,662 190,448 176,025
000511!!!0111!!!0111!!!0111!!!0111!!!
(a) All of the above options were granted for nil consideration.
(b) Options exercised under the BT Share Option Scheme on 12 October 1998.
(c) Options exercised under the BT Employee Sharesave Scheme, in which all employees of the company are eligible to
participate, on 15 July 1998.
(d) Options granted under the BT Employee Sharesave Scheme, in which all employees of the company are eligible to participate,
on 25 June 1998.
(e) Dr Rudge retired as a director of the company on 31 October 1997.
(f) Options exercised under the BT Share Option Scheme on 22 April 1998.
(g) Options exercised under the BT Employee Sharesave Scheme, in which all employees of the company are eligible to
participate, on 3 April 1998. Dr Rudge exercised a proportion of the shares under option in accordance with the rules of the
Scheme, following which the remaining 1,061 shares under option lapsed.
REPORT ON DIRECTORS’ REMUNERATION