Barclays 2007 Annual Report Download - page 156

Corporate governance
Remuneration report
Executive Directors: shares provisionally allocated and shares under option under ESAS a, h, i, j
During 2007
Awarded in Market Market Number
Number at respect of price on price on Bonus at 31st
1st January the results Release Exercise shares December
2007 for 2006 Released cdate £ Exercised date £ lapsed 2007
Executive Directors
John Varley 278,211 95,328 28,828 7.15 – – – 344,711
Robert E Diamond Jrd5,282,875 616,303 1,035,429 7.15 – – – 4,863,749
Gary Hoffman 166,526 27,712 16,924 7.15 – – – 177,314
Chris Lucasb–––––––69,091
Frits Seegers 802,208 70,941 641,766 6.84 – – – 231,383
Former Director
Naguib Kheraj 790,317 – 230,560 7.15 – – – 559,757
Shares under option under ESAS and voluntary ESAS as at 31st December 2007 (with the exception of voluntary ESAS, shares under option are
included in aggregate figures above)
During 2007
Nil cost Number
option Market price Bonus under
under on exercise shares Voluntary
Nil cost voluntary Voluntary date of lapsed on ESAS at
option ESAS at ESAS Voluntary voluntary exercise of 31st Date from Latest
granted at 1st January option ESAS option ESAS voluntary December which expiry
3rd anniversary e2007fgranted exercised goption £ ESAS option 2007 exercisable date
Executive Directors
John Varley 56,037––––––28/02/06 05/03/09
Robert E Diamond Jr –––––––––
Gary Hoffman 47,663 136,584 – 39,496 7.17 – 97,088 05/03/04 05/03/14
Chris Lucas –––––––––
Frits Seegers –––––––––
Former Director
Naguib Kheraj 402,509––––––28/02/06 30/06/08
154 Barclays PLC Annual Report 2007
Notes
aThe number of shares shown in the table includes the maximum potential 30% bonus
element where applicable.
bFigures shown in the column ‘Number at 1st January 2007’ for Chris Lucas are as
at date of joining. An award of 69,091 Barclays shares was granted to Chris Lucas on
1st May 2007, following his appointment as an executive Director on 1st April 2007,
in recognition of forfeited compensation from his previous employment. Bonus shares
are not applicable to the award.
cThe trustees may release additional shares to participants which represent accumulated
dividends (net of withholding) in respect of shares under award. During 2007, the
trustees released the following accumulated dividend shares: 6,865 to John Varley,
100,645 to Robert E Diamond Jr, 4,030 to Gary Hoffman and 54,899 to Naguib Kheraj.
These are not awarded as part of the original award and consequently are not included
in the ‘Released’ column.
dThe number shown in the column headed ‘Number at 1st January 2007’ 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 Investment Banking, Investment Management
and the Barclays Group as a whole.
eThe shares under option shown in this column are already included in the numbers
shown at 1st January 2007 in the first table on this page, and relate to provisional
allocations made in 2003 and 2004 except that the figures do not include accumulated
dividend shares under option as follows: 7,410 shares for John Varley, 6,303 shares for
Gary Hoffman and 53,059 shares for Naguib Kheraj.
fThe shares under option in this column are not included in the numbers shown at
1st January 2007 or 31st December 2007 in the first table on this page.
gThese figures do not include 9,624 accumulated dividend shares released on exercise
of voluntary ESAS options.
hAwards in respect of 2007 will be made in March 2008. Including the maximum
potential 30% bonus element, awards will total £617,500 to John Varley, £11,375,000
to Robert E Diamond Jr, £219,375 to Gary Hoffman, £568,750 to Frits Seegers and
£195,000 to Chris Lucas.
iNothing was paid by the participants on the grant of options or awards.
jPlease refer to page 147 for further details on ESAS and voluntary ESAS.