Barclays 2006 Annual Report Download - page 140

Barclays PLC
Annual Report 2006
136
Chairman and executive Directors: shares provisionally allocated and shares under option under ESAS(a)(h)(i)(j)
During 2006
Awarded in Market Market Number
Number at respect of price on price on Bonus at 31st
1st January the results Release Exercise shares December
2006 for 2005(b) Released(c) date £ Exercised(d) date £ lapsed 2006
Chairman
Matthew W Barrett 350,534–––55,5927.11 4,633 290,309
Executive Directors
John Varley 206,074 92,441 20,304 6.62 – – – 278,211
Robert E Diamond Jr(e) 6,261,163 499,679 1,191,843 6.62 – – – 5,282,875
286,124 6.74 – – –
Gary Hoffman 345,564 37,477 216,515 6.62 – – – 166,526
Naguib Kheraj 937,361 54,967 202,011 6.62 – – – 790,317
David Roberts 334,844 54,967 211,671 6.62 – – – 178,140
Frits Seegers – 802,208–––––802,208
Shares under option under ESAS and voluntary ESAS at 31st December 2006 (with the exception of voluntary ESAS, shares under option are
included in aggregate figures above)
Nil cost Nil cost
option option Date
granted held under from Latest
at 3rd voluntary which expiry
anniversary(f ) ESAS(g) exercisable date
Chairman
Matthew W Barrett ––––
Executive Directors
John Varley 48,036 – 07/03/05 28/02/08
Robert E Diamond Jr ––––
Gary Hoffman 33,410 136,584 26/02/99 05/03/14
Naguib Kheraj 429,536 – 07/03/05 28/02/08
David Roberts 31,792 – 07/03/05 28/02/08
Frits Seegers ––––
Corporate governance
Remuneration report
Notes
(a) The number of shares shown in the table includes the maximum potential 30% bonus share element where applicable.
(b) An award was granted to Frits Seegers in August 2006 following his appointment as an executive Director on 10th July 2006 in recognition of forfeited share awards
and benefits from his previous employment. Bonus shares are not applicable to the award. Frits Seegers also received a cash payment in July 2006 in recognition of
forfeited share awards and benefits from his previous employment, as referred to in footnote (j) on page 133.
(c) The trustees may release additional shares to participants which represent accumulated dividends (net of withholding) in respect of shares under award. During 2006,
the trustees released the following accumulated dividend shares – 4,486 to John Varley, 197,517 to Robert E Diamond Jr, 26,512 to Gary Hoffman, 23,309 to Naguib
Kheraj and 25,443 to David Roberts. These are not awarded as part of the original award and consequently are not included in the Released column.
(d) The trustees may release additional shares to participants which represent accumulated dividends (net of withholding) in respect of shares under award. During 2006,
the trustees released 8,223 accumulated dividend shares to Matthew W Barrett. These are not awarded as part of the original award and are consequently not
included in the Exercised column.
(e) The number shown in the column headed ‘Number at 1st January 2006’ includes shares held by Robert E Diamond Jr which reflect interests built up over the course
of successive years’ service with Barclays. The awards were related to Robert E Diamond Jr’s contribution to the performance of Barclays Capital, BGI and the Barclays
Group.
(f) The shares under option shown in this column are already included in the numbers shown at 1st January 2006 and relate to provisional allocations made in 2002 and
2003 except that the figures do not include accumulated dividend shares under option as follows: 6,484 shares for John Varley, 4,484 shares for Gary Hoffman, 57,765
shares for Naguib Kheraj and 4,272 shares for David Roberts. Under ESAS, a participant pays £1 to exercise an option, irrespective of the number of shares involved.
(g) The shares under option in this column are not included in the numbers shown at 1st January 2006 or 31st December 2006 in the first table on this page.
(h) Awards in respect of 2006 will be made in March 2007. Including the maximum potential 30% bonus share element, awards will total £698,750 to John Varley,
£4,517,500 to Robert E Diamond Jr, £203,125 to Gary Hoffman and £520,000 to Frits Seegers.
(i) Nothing was paid by the participants on the grant of options or awards.
(j) Please refer to page 128 for further details on ESAS and voluntary ESAS.