Barclays 2004 Annual Report Download - page 40

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Corporate governance
Barclays report on remuneration
38
Directors: awards under closed Group incentive schemes(a)(d)
Number Market Weighted
Number at at 31st Exercise price on average Date from Latest
1st January During the year(b) December price per exercise exercise which expiry
2004 Exercised Lapsed 2004 share date price exercisable date
£££
Chairman
MW Barrett(c)
ESOS 766,628 – – 766,628 ––4.43 04/10/02 03/10/09
Executive Directors
GA Hoffman
ESOS 40,000 40,000 – – 3.47 5.19 3.47 05/09/00 04/09/04
N Kheraj
ESOS 60,000 – – 60,000 ––3.97 14/08/01 13/08/08
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) No options were granted under these plans.
(c) The independent trustee of the Barclays Group (ESOS) employees’ benefit trust granted Matthew W Barrett a share award in 1999 comprising an option on similar
terms to options granted under ESOS. For convenience these are described as granted under ESOS in the above table.
(d) Executive Directors continue to have interests under the ESOS scheme (as indicated in the table above). No further awards will be made under this scheme. Under
the ESOS, options granted (at market value) to executives were exercisable only if the growth in earnings per share of the Company over a three-year period was, at
least, equal to the percentage increase in the UK Retail Price Index plus 6%, over the same period. The performance target for the 1999 ESOS grant was met.