BT 2012 Annual Report Download - page 89

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86 Governance
Share awards under long-term incentive schemes held at 31 March 2012
Details of the company’s shares provisionally awarded to directors, as participants under the ISP are as follows:
1 April 2011 Awarded
Dividends
re-invested Vested Lapsed
Total number
of award
shares
31 March
2012
Performance
period end
Price
at grant
Market price
at vestinga
Monetary
value of
vested award
£000
I Livingston
ISP 2009a2,131,274 – 91,655 – – 2,222,929 31/3/2012 128.41p 214.5p £4,768
ISP 2010b1,753,042 – 75,389 – – 1,828,431 31/3/2013 134.26p – –
ISP 2011c– 1,163,034 50,015 – – 1,213,049 31/3/2014 198.83p – –
T Chanmugam
ISP 2009a992,504 – 42,682 – – 1,035,186 31/3/2012 128.41p 214.5p £2,220
ISP 2010b740,172 – 31,831 – – 772,003 31/3/2013 134.26p – –
ISP 2011c– 538,139 23,141 – – 561,280 31/3/2014 198.83p – –
G Patterson
ISP 2009a1,044,740 – 44,928 – – 1,089,668 31/3/2012 128.41p 214.5p £2,337
ISP 2010b779,129 – 33,506 – – 812,635 31/3/2013 134.26p – –
ISP 2011c– 573,344 24,656 – – 598,000 31/3/2014 198.83p – –
a Awards granted on 7 August 2009. 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. 50% of each award of shares
is linked to TSR compared with a group of 25 companies and 50% is linked to a three-year cumulative free cash flow measure. The market price at vesting is an estimate of the value using the closing market
share price on 8 May 2012. The award will vest in full in May 2012.
b Awards granted on 25 June 2010. 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. 50% of each award of
shares is linked to TSR compared with a group of 25 companies and 50% is linked to a three-year cumulative free cash flow measure. The award will vest subject to meeting the two performance conditions on
31March 2013.
c Awards granted on 27 June 2011. 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 grant. 40% of each award is linked to
TSR compared with a group of 25 companies, 40% is linked to a three-year cumulative free cash flow measure and 20% to a measure of underlying revenue growth (excluding transit) over three years.
Reports of the Board Committees
Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information