BT 2011 Annual Report Download - page 84
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81BT GROUP PLC ANNUAL REPORT & FORM 20-F 2011
REPORT OF THE DIRECTORS
Share awards under the Employee Share Investment Plan
(ESIP) at 31 March 2011, or at date of appointment, if later
Total number of
shares
31 March 2011
I Livingston 363
T Chanmugam 679
G Patterson 247
During the year no awards of shares were granted under the ESIP.
All UK employees may participate in the ESIP. The awards are not
subject to any performance conditions.
By order of the Board
Rt Hon Patricia Hewitt
Chair of Remuneration Committee
11 May 2011
Deferred share awards at 31 March 2011, or date of appointment, if later
The following deferred share awards have been granted to the directors. 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.
Total
number of Monetary
award value of
shares Market vested
1 April Dividends 31 March Price price award
2010 Awardedare-invested Vested Lapsed 2011 Vesting date at grant at vesting £000
I Livingston 142,312 – – 142,312 – – 1/8/2010 321.67p 142p £202
226,946 – 10,464 – – 237,410 1/8/2011 203p – –
274,358 – 12,650 – – 287,008 1/8/2012 128.41p – –
–898,212 41,417 – – 939,629 1/8/2013 134.26p – –
T Chanmugam 38,422 – – 38,422 – – 1/8/2010 321.67p 142p £55
53,357 – 2,459 – – 55,816 1/8/2011 203p – –
61,529 – 2,836 – – 64,365 1/8/2012 128.41p – –
–258,431 11,916 – – 270,347 1/8/2013 134.26p – –
G Patterson 58,931 – – 58,931 – – 1/8/2010 321.67p 142p £84
92,611 – 4,269 – – 96,880 1/8/2011 203p – –
96,832 – 4,464 – – 101,296 1/8/2012 128.41p – –
–272,033 12,543 – – 284,576 1/8/2013 134.26p – –
Former Director
H Lalanib124,691 – – 124,691 – – 1/8/2010 321.67p 142p £177
105,374 – 4,858 – – 110,232 1/8/2011 203p – –
aAwards granted on 25 June 2010 in respect of the 2010 financial year. 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.
bHanif Lalani left the company on 31 March 2010. His award of 110,232 shares was pro-rated and will vest on 1 August 2011.
Details of awards of deferred shares in respect of the 2011 financial year are given in the table on page 77. 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. It is expected that
awards will be granted in June 2011.
REPORT OF THE DIRECTORS REPORT ON DIRECTORS’ REMUNERATION
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