BT 2010 Annual Report Download - page 77

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75BT GROUP PLC ANNUAL REPORT & FORM 20-F
ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW
Share options held at 31 March 2010, or date of appointment if later
Number of shares under option
1 April 2009 Usual date
or date of 31 March Option price from which Usual expiry
appointment if later Granted Lapsed Exercised 2010 per share exercisable date
Sir Michael Rake – 12,110a– – 12,110 68p 01/08/2012 01/02/2013
I Livingston – 12,110a– – 12,110 68p 01/08/2012 01/02/2013
T Chanmugam 37,384b– – – 37,384 192p 24/06/2007 24/06/2014
– 12,110a– – 12,110 68p 01/08/2012 01/02/2013
G Patterson 11,198d– 11,198 – – 146p 14/08/2009 14/02/2010
98,178b– – – 98,178 192p 24/06/2007 24/06/2014
Former director
H Lalanie90,625b– – – 90,625 192p 24/06/2007 24/06/2014
105,264c– – – 105,264 199.5p 24/06/2004 24/06/2013
– 12,110a12,110 – – 68p 01/08/2012 01/02/2013
Total 342,649 48,440 23,308 –367,781
All of the above options were granted for nil consideration.
aOption granted on 7 April 2009 under the Employee Sharesave Scheme, in which all employees of the company are entitled to participate.
bOptions granted under the GSOP on 24 June 2004. The exercise of options was subject to a performance measure being met. The performance measure is relative TSR compared with a group of 20
companies from the European Telecom Sector as at 1 April 2004. BT’s TSR had to be in the upper quartile for all the options to become exercisable. At median 30% of the options would be exercisable.
Below that point none of the options could be exercised. The three-year performance period ended on 31 March 2007. At that date, the company was at 8th position against the comparator group and as a
result, 42% of the options lapsed and 58% of each option became exercisable on 24 June 2007.
cOption granted under the GSOP (Special Incentive Award) on 24 June 2003, prior to Hanif Lalani’s appointment as a director. This option is not subject to a performance measure as the grant was linked to
personal performance.
dOption granted on 25 June 2004 under the Employee Sharesave Scheme, in which all employees of the company are eligible to participate.
eHanif Lalani left the company on 31 March 2010. His options under the GSOP were preserved until 31 March 2011. His options under the Employee Sharesave Scheme lapsed on 31 March 2010.
Unrealised gains on share options
The market price of BT shares at 31 March 2010 was 123.9p (2009: 78.2p) and the range during the 2009/10 financial year was
79.7p-149.6p (2008/09: 71.4p-235.5p).
Tony Chanmugam and Gavin Patterson had no unrealised gains on share options as at 31 March 2010.
Hanif Lalani had no unrealised gains on share options as at 31 March 2010. He left the company on 31 March 2010.
REPORT OF THE DIRECTORS REPORT ON DIRECTORS’ REMUNERATION