Barclays 2003 Annual Report Download - page 31

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Barclays PLC Annual Report 2003 29
Current executive Directors: illustration of change in value of shares owned beneficially, or held
under option or award under employee share plans during the year(a)
Number at 31st December 2003
Notional Notional
Executive Executive Incentive value based value based
Shares Share Share Share on share on share Change in
owned Award Option Option price of price of notional
beneficially(b) Scheme Scheme Plan(c) Sharesave Total £3.85(d) £4.98(e) value
£000 £000 £000
Executive
MW Barrett 277,656 245,949 766,628 2,852,000 2,479 4,144,712 2,016 3,585 1,569
CJ Lendrum 224,456 100,532 – 576,000 2,714 903,702 1,323 2,062 739
JS Varley 303,735 139,838 – 600,000 4,096 1,047,669 1,778 2,678 900
Notes
(a) The register of Directors’ interests, which shows full details of Directors’ current share awards and options, is available for public inspection at the
Group’s Head office in London.
(b) The number shown includes shares held under the Profit Sharing Scheme and the Share Incentive Plan.
(c) The number of shares shown represent the target award shares under option, or the actual number of shares under option if the award has
vested.
(d) The value is based on the share price as at 31st December 2002. The notional value of shares under option under the Incentive Share Option Plan
(ISOP), Executive Share Option Scheme (ESOS) and Sharesave have been set at zero where the market price at 31st December 2002 is lower than
the exercise price per share.
(e) The value is based on the share price as at 31st December 2003. The notional value of shares under option under ISOP, ESOS and Sharesave have
been set at zero where the market price at 31st December 2003 is lower than the exercise price per share.
Market price per share at 31st December 2003 was 498p. The highest and lowest market prices per share during the year were 527p and 311p
respectively.
Under the Executive Share Award Scheme (ESAS), ISOP and ESOS, nothing was paid by these participants on the grant of options.