BT 2007 Annual Report Download - page 68

Vesting of outstanding share awards and options
Details of options granted under the GSOP in the financial years 2002/03 and 2003/04 which would vest based on BT Group’s TSR
compared with the other companies in the FTSE 100 for the relevant performance period up to 31 March 2007, details of options
granted under the GSOP in the financial year 2004/05 and awards of shares under the ISP in the financial years 2004/05, 2005/06
and 2006/07 which would vest based on BT Group’s TSR against the comparator group of European Telecom companies for the
relevant performance periods up to 31 March 2007 are as follows:
31 March 2007 31 March 2006
Expected vesting
date TSR position
Percentage of
shares vesting TSR position
Percentage of
shares vesting
GSOP 2002 29/07/2005 62 0% 73 0%
GSOP 2003 24/06/2006 60 0% 85 0%
GSOP 2004 24/06/2007 8 58% 9 44%
ISP 2004 23/05/2007 8 55% 9 40%
ISP 2005 31/03/2008 7 70% 8 55%
ISP 2006 31/03/2009 3 100% ––
Deferred Bonus Plan awards at 31 March 2007, or date of appointment if later
The following deferred bonuses have been awarded to the directors under the DBP. 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 2006 AwardedaVestedbDividends
re-invested Lapsed
Total number
of award
shares
31 March
2007
Expected
vesting date Price at grant
Market price
at vesting
Monetary
value of
vested award
£000
B Verwaayen 487,679 –487,679 – – –– 199.5p 237.62p £1,159
244,290 –– 11,356 – 255,646 01/08/07 193.42p – –
103,398 –– 4,806 – 108,204 01/08/08 227.75p – –
–568,269 – 26,418 – 594,687 01/08/09 231.58p – –
F Barraultc–––––59,013 01/08/07 193.42p – –
–––––55,767 01/08/08 227.75p – –
–––––91,491 01/08/09 231.58p – –
A Green 88,001 –88,001 – – –– 199.5p 237.62p £209
95,654 –– 4,446 – 100,100 01/08/07 193.42p – –
46,974 –– 2,183 – 49,157 01/08/08 227.75p – –
–129,544 – 6,021 – 135,565 01/08/09 231.58p – –
H Lalani 27,718 –27,718 – – –– 199.5p 237.62p £66
28,709 –– 1,334 – 30,043 01/08/07 193.42p – –
31,459 –– 1,462 – 32,921 01/08/08 227.75p – –
–103,635 – 4,817 – 108,452 01/08/09 231.58p – –
I Livingston 96,918 –96,918 – – –01/08/06 199.5p 237.62p £230
92,378 –– 4,294 – 96,672 01/08/07 193.42p – –
45,617 –– 2,119 – 47,736 01/08/08 227.75p – –
–136,002 – 6,323 – 142,325 01/08/09 231.58p – –
P Reynolds 82,822 –82,822 – – –– 199.5p 237.62p £197
83,995 –– 3,904 – 87,899 01/08/07 193.42p – –
49,119 –– 2,283 – 51,402 01/08/08 227.75p – –
–116,590 – 5,419 – 122,009 01/08/09 231.58p – –
aAwards granted on 30 June 2006 in respect of the financial year 2005/06. The number of shares subject to awards was calculated using the average middle market price of a BT share for the three
days prior to the grant.
bAwards granted on 24 June 2003 vested on 1 August 2006.
cFranc¸ois Barrault was appointed as a director on 24 April 2007.
Details of deferred bonus awards in respect of the financial year 2006/07 are given in the table on page 63. Awards in respect of the deferred bonuses will be granted in June 2007. 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.
BT Group plc Annual Report & Form 20-F 67
Report of the Directors Governance