BT 2005 Annual Report Download - page 66

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Share options held during the year ended 31 March 2005
Number of shares under option
1April 2004
(or date of
appointment) Granted Lapsed 31 March 2005
Option price
per share
Usual date from
which exercisable Usual expiry date
Sir Christopher Bland 314,244
a
––314,244 318p 01/05/2004 01/05/2011
B Verwaayen 1,121,121
b
––1,121,121 250p 11/02/2005 11/02/2012
935,830
c
––935,830 187p 29/07/2005 29/07/2012
561,500
d
– 561,500 –187p 29/07/2005 29/07/2012
1,052,632
e
––1,052,632 199.5p 24/06/2006 24/06/2013
– 546,875
f
–546,875 192p 24/06/2007 24/06/2014
3,671,083 546,875 561,500 3,656,458
A Green 2,905
g
– 2,905 –255p 14/08/2005 13/02/2006
568,190
c
––568,190 187p 29/07/2005 29/07/2012
340,910
d
– 340,910 –187p 29/07/2005 29/07/2012
639,098
e
––639,098 199.5p 24/06/2006 24/06/2013
– 332,032
f
–332,032 192p 24/06/2007 24/06/2014
– 5,712
h
–5,712 165p 14/08/2007 13/02/2008
1,551,103 337,744 343,815 1,545,032
H Lalani
l
5,346
i
––5,346 173p 14/08/2006 13/02/2007
177,810
c
––177,810 187p 29/07/2005 29/07/2012
210,527
e
––210,527 199.5p 24/06/2006 24/06/2013
105,264
j
––105,264 199.5p 24/06/2004 24/06/2013
156,250
f
––156,250 192p 24/06/2007 24/06/2014
655,197 – – 655,197
I Livingston 7,290
g
––7,290 227p 14/08/2007 13/02/2008
601,610
c
––601,610 187p 29/07/2005 29/07/2012
360,970
d
– 360,970 –187p 29/07/2005 29/07/2012
676,692
e
––676,692 199.5p 24/06/2006 24/06/2013
– 351,563
f
–351,563 192p 24/06/2007 24/06/2014
1,646,562 351,563 360,970 1,637,155
Dr P Reynolds 4,555
k
––4,555 218p 14/02/2007 13/08/2007
534,760
c
––534,760 187p 29/07/2005 29/07/2012
320,860
d
– 320,860 –187p 29/07/2005 29/07/2012
601,504
e
––601,504 199.5p 24/06/2006 24/06/2013
– 312,500
f
–312,500 192p 24/06/2007 24/06/2014
1,461,679 312,500 320,860 1,453,319
Former director
P Danon 601,610
c
– 601,610 –187p 29/07/2005 29/07/2012
360,970
d
– 360,970 –187p 29/07/2005 29/07/2012
676,692
e
– 676,692 –199.5p 24/06/2006 24/06/2013
– 351,563
f
351,563 –192p 24/06/2007 24/06/2014
1,639,272 351,563 1,990,835 –
Total 10,939,140 1,900,245 3,577,980 9,261,405
All of the above options were granted for nil consideration. No options were exercised during the year.
a
Options granted under the GSOP on 22 June 2001. The option is not subject to a performance measure. It was a term of Sir Christopher Bland’s initial
service contract that (i) he purchased BT shares to the value of at least £1 million; and (ii) as soon as practicable after the purchase of the shares
(‘invested shares’), the company would grant a share option over shares to the value of at least £1 million. Sir Christopher Bland was the legal and
beneficial owner of the invested shares on 1 May 2004, so the option became exercisable on that date.
b
Options granted under the GSOP on 11 February 2002. The exercise of options is subject to a performance measure being met. The performance
measure is relative TSR compared with the FTSE 100. BT’s TSR must be in the upper quartile for all of the options to become exercisable. At median,
40% of the options will be exercisable. Below that point, none of the options may be exercised.
c
Options granted under the GSOP on 29 July 2002. The exercise of options is subject to a performance measure being met. The performance measure is
relative TSR compared with the FTSE 100. BT’s TSR must be in the upper quartile for all of the options to become exercisable. At median, 30% of the
options will be exercisable. Below that point, none of the options may be exercised.
d
Options granted under the GSOP on 29 July 2002. The vesting of the options was subject to a performance measure being met. The performance
measure was earnings per share. The performance measure was not met and as a result, the options have lapsed.
e
Options granted under the GSOP on 24 June 2003. The exercise of options is subject to a performance measure being met. The performance measure is
relative TSR compared with the FTSE 100 – see note c above.
f
Options granted under the GSOP on 24 June 2004. The exercise of options is subject to a performance measure being met. The performance measure is
relative TSR compared with a group of companies from the European Telecom Sector. BT’s TSR must be in the upper quartile for all of the options to
become exercisable. At median, 30% of the options will be exercisable. Below that point, none of the options may be exercised.
g
Options granted on 24 June 2002 under the Employee Sharesave Scheme, in which all employees of the company are eligible to participate.
h
Options granted on 25 June 2004 under the Employee Sharesave Scheme, in which all employees of the company are eligible to participate.
i
Options granted on 27 June 2003 under the Employee Sharesave Scheme, in which all employees of the company are eligible to participate.
j
Options granted under the GSOP (Special Incentive Award) on 24 June 2003, prior to Mr Lalani’s appointment as a director. These options are not
subject to a performance measure, as the grant was linked to performance.
k
Options granted on 21 December 2001 under the Employee Sharesave Scheme, in which all employees of the company are eligible to participate.
l
Date of appointment – 7 February 2005.
Report on directors’ remuneration BT Group plc Annual Report and Form 20-F 2005 65