BT 2016 Annual Report Download - page 128

BT Group plc
Annual Report 2016
134
Deferred Bonus Plan awards at 31 March 2016 (audited)
The following DBP 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.
1 April 2015 AwardedaDividends re-invested Vested Lapsed
Total number
of award shares
31 March 2016 Vesting date
Price at
grant
Market
price at
vesting
Monetary
value of
vested award
£000
Gavin Patterson
DBP 2012 249,357 – – 249,357 – – 01/08/2015 202.26p 464.78p1,159
DBP 2013 137,537 –4,102 – – 141,639 01/08/2016 315.00p – –
DBP 2014 129,659 –3,867 – – 133,526 01/08/2017 384.20p – –
DBP 2015 –98,004 2,923 – – 100,927 01/08/2018 449.50p – –
Tony Chanmugam
DBP 2012 246,017 – – 246,017 – – 01/08/2015 202.26p 464.78p1,143
DBP 2013 137,271 –4,093 – – 141,364 01/08/2016 315.00p – –
DBP 2014 137,941 –4,114 – – 142,055 01/08/2017 384.20p – –
DBP 2015 –52,946 1,578 – – 54,524 01/08/2018 449.50p– –
a Awards granted on 18 June 2015. 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. Awards of
deferred shares in respect of 2016 will be calculated using the average middle market price of a BT
share for the three days prior to grant.
Directors’ interests at 31 March 2016 or date
of retirement, if earlier (audited)
The beneficial interests of directors holding oce at the end of
the year (or at the point of leaving for directors who retired during
the year), and their families, in the company’s shares at 31 March
2016 and 1 April 2015, or at date of appointment if later, are
shown below:
Number of shares
Beneficial holdings 2016 2015
Sir Michael Rakea132,957 130,852
G Pattersona2,448,772 2,102,151
T Chanmugama445,268 574,882
T Ball 23,652 23,196
W Eastb2,480 2,480
I Conn 4,442 4,442
P Hodkinsonc25,263 25,263
T Höttgesd– –
I Hudson 3,552 1,279
M Inglis 1,200 –
N Rose 50,000 50,000
K Richardsone10,250 7,750
J Whitbread 7,990 7,990
Total 3,155,826 2,712,312
a Includes shares purchased under directshare and free shares awarded under UK allshare.
Directshare is a HMRC approved plan that allows BT employees to buy shares out of gross pay. Prior
to 2008 BT awarded free shares to UK employees (UK allshare).
b Warren East retired on 31 May 2015 and the number reects his holding at that date.
c Phil Hodkinson retired on 31 January 2016 and the number reects his holding at that date.
d Tim Höttges joined the Board on 29 January 2016.
e Shares are held as 2,050 American Depositary Shares (ADS). One ADS equates to five BT ordinary
shares.
During the period from 1 April 2016 to 4 May 2016, there
were no movements in directors’ beneficial holdings.
The directors, as a group, beneficially own less than 1% of
the company’s shares.
The company encourages the Chairman and independent
non-executive directors to purchase, on a voluntary basis, BT
shares with an aggregate value of £5,000 on average each year to
further align the interests of non-executive directors with those of
our shareholders. The directors are asked to hold these shares until
they retire from the Board. This policy is not mandatory.
This policy does not apply to Tim Höttges who was appointed to
the Board as a non-independent non-executive director following
completion of the EE acquisition in January 2016. This assists
with avoiding any conict of interest in relation to Tim’s ongoing
employment as CEO of Deutsche Telekom.