Barclays 2003 Annual Report Download - page 33

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Barclays PLC Annual Report 2003 31
Executive Directors: shares under option under Incentive Share Option Plan (ISOP)(a)(b)(f)
Number held as at During the year(c) Number held as at
1st January 2003 Granted Lapsed 31st December 2003
Maximum Maximum Maximum Maximum
number number number number Shares Date
Target over which Target over which Target over which Target over which due to Exercise from
Award potentially Award potentially Award potentially Award potentially vest in price per which Expiry
Shares exercisable Shares exercisable Shares exercisable Shares exercisable 2004(d) share exercisable date
000 000 000 000 000 000 000 000 £
MW Barrett
2002
EP 40 80 ––––40 80 –5.20 20/03/05 19/03/12
TSR 1,960 7,840 ––––1,960 7,840 –5.20 20/03/05 19/03/12
2001
EP 40 80 ––––40 80 20 5.34 12/03/04 11/03/11
TSR 300 1,200 ––––300 1,200 300 5.34 12/03/04 11/03/11
2000
EP 40 80 –––––80 –3.90 18/05/03 17/05/10
TSR 216 864 –––432 –432 –3.90 18/05/03 17/05/10
CJ Lendrum
2003
EP ––40 80 ––40 80 – 3.26 14/3/06 13/3/13
TSR ––80 320 ––80 320 – 3.26 14/3/06 13/3/13
2002
EP 40 80 ––––40 80 –5.20 20/03/05 19/03/12
TSR 80 320 ––––80 320 –5.20 20/03/05 19/03/12
2001
EP 40 80 ––––40 80 20 5.34 12/03/04 11/03/11
TSR 80 320 ––––80 320 80 5.34 12/03/04 11/03/11
2000
EP 40 80 –––––80 –3.90 18/05/03 17/05/10
TSR 68 272 –––136 –136 –3.90 18/05/03 17/05/10
JS Varley
2003
EP ––40 80 ––40 80 – 3.26 14/3/06 13/3/13
TSR ––80 320 ––80 320 – 3.26 14/3/06 13/3/13
2002
EP 40 80 ––––40 80 –5.20 20/03/05 19/03/12
TSR 80 320 ––––80 320 –5.20 20/03/05 19/03/12
2001
EP 40 80 ––––40 80 20 5.34 12/03/04 11/03/11
TSR 80 320 ––––80 320 80 5.34 12/03/04 11/03/11
2000
EP 40 80 –––––80 –3.90 18/05/03 17/05/10
TSR 80 320 –––160 –160 –3.90 18/05/03 17/05/10
Former Director
JM Stewart(e)
2002
EP 40 80 ––––40 80 –5.20 20/03/05 19/03/12
TSR 80 320 ––––80 320 –5.20 20/03/05 19/03/12
2001
EP 40 80 ––––40 80 20 5.34 12/03/04 11/03/11
TSR 80 320 ––––80 320 80 5.34 12/03/04 11/03/11
Notes
(a) The Register of Directors’ interests, which shows full details of Directors’ current share awards and options, is available for inspection at the
Group’s Head office in London.
(b) For details of the performance targets which must be satisfied for options to become exercisable and the extent to which options will become
exercisable see pages 24 and 25.
(c) As there were no options exercised during the year, the table does not show the market price on the exercise date.
(d) The 2001 grant is due to vest on 12th March 2004. The number of shares due to vest represents the number over which an option may be exercised
after the third anniversary from grant, as determined by the Committee in respect of the performance conditions attached to the options originally
set at the time of the grant of the option. The shares under option that are not due to vest will lapse. The result of the economic profit performance
against the target has resulted in half the Target Award vesting. The result of the relative TSR performance target against the comparator group
of companies placed Barclays in 4th position for the 2001 to 2003 performance period with a vesting multiplier of one times the Target Award.
(e) John Stewart ceased to be a Director with effect from 27th February 2003.
(f) 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.