BT 2006 Annual Report Download - page 63

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Deferred Bonus Plan awards at 31 March 2006
The following deferred bonuses have been awarded to the directors under the Deferred Bonus Plan. These shares will normally be
transferred to participants at the end of the three-year deferred period if those participants are still employed by BT Group.
1 April 2005 Awarded
a
Vested
b
Dividends
re-invested Lapsed
Total number
of award
shares
31 March
2006
Expected
vesting date Price at grant
Market price
at vesting
Monetary
value of
vested award
£000
B Verwaayen 84,009 – 84,009 –––– 202.0p 225.5p 189
464,390 ––23,289 – 487,679 01/08/06 199.5p ––
232,625 ––11,665 – 244,290 01/08/07 193.42p ––
– 98,461 – 4,937 – 103,398 01/08/08 227.75p ––
A Green 55,268 – 55,268 –––– 202.0p 225.5p 125
83,799 ––4,202 – 88,001 01/08/06 199.5p ––
91,087 ––4,567 – 95,654 01/08/07 193.42p ––
– 44,731 – 2,243 – 46,974 01/08/08 227.75p ––
H Lalani 12,985 – 12,985 –––– 202.0p 225.5p 29
26,396 ––1,322 – 27,718 01/08/06 199.5p ––
27,339 ––1,370 – 28,709 01/08/07 193.42p ––
– 29,957 – 1,502 – 31,459 01/08/08 227.75p ––
I Livingston 92,291 ––4,627 – 96,918 01/08/06 199.5p ––
87,967 ––4,411 – 92,378 01/08/07 193.42p ––
– 43,440 – 2,177 – 45,617 01/08/08 227.75p ––
Dr P Reynolds 49,740 – 49,740 –––– 202.0p 225.5p 112
78,868 ––3,954 – 82,822 01/08/06 199.5p ––
79,985 ––4,010 – 83,995 01/08/07 193.42p ––
– 46,774 – 2,345 – 49,119 01/08/08 227.75p ––
The number of shares subject to awards granted during the financial year 2005/06 was calculated using the average middle market price of a BT share for the three days prior to the grant.
aAwards granted on 3 August 2005 in respect of the financial year 2004/05.
bAwards granted on 24 June 2002 vested on 1 August 2005.
Details of deferred bonus awards in respect of the financial year 2005/06 are given in the table on page 57. Awards in respect of the deferred bonuses will be granted in June 2006. The number of
shares subject to the awards will be calculated using the average middle market price of a BT share for the three days prior to the grant.
Share awards under the Employee Share Investment Plan
(ESIP) at 31 March 2006
1 April 2005 Awarded Vested
Total number of
award shares
31 March 2006
Expected
vesting date
Sir Christopher Bland
ESIP 2003 186 –– 186 05/08/08
ESIP 2004 116 –– 116 04/08/09
ESIP 2005 – 56
a
–56 27/06/10
302 56 358
A Green
ESIP 2002 130 –– 130 14/08/07
ESIP 2003 186 –– 186 05/08/08
ESIP 2004 116 –– 116 04/08/09
ESIP 2005 – 56
a
–56 27/06/10
432 56 – 488
H Lalani
ESIP 2002 130 –– 130 14/08/07
ESIP 2003 186 –– 186 05/08/08
ESIP 2004 116 –– 116 04/08/09
ESIP 2005 – 56
a
–56 27/06/10
432 56 – 488
I Livingston
ESIP 2004 116 –– 116 04/08/09
ESIP 2005 – 56
a
–56 27/06/10
116 56 – 172
P Reynolds
ESIP 2002 130 –– 130 14/08/07
ESIP 2003 186 –– 186 05/08/08
ESIP 2004 116 –– 116 04/08/09
ESIP 2005 – 56
a
–56 27/06/10
432 56 – 488
aAwards granted on 27 June 2005. On that date, the market price of a BT share was 220p.
Operating Committee
The one member of the Operating Committee (OC) who was
not a member of the Board, left the company on 30 September
2005. The remuneration of that OC member for the financial
year 2005/06 was £148,000 (2004/05 – £296,000), together
with pension contributions of £17,000 (2004/05 – £34,000).
No options or awards under the BT Group plans were granted
to the OC member during the financial year 2005/06. The
company met its contractual obligations in connection with the
leaving arrangements and a number of outstanding options and
share awards of the OC member were preserved under the
terms of the relevant plans.
By order of the Board
Sir Anthony Greener
Deputy Chairman and Chairman of Remuneration Committee
17 May 2006
Report on directors’ remuneration BT Group plc Annual Report and Form 20-F 2006 61