Barclays 2010 Annual Report Download - page 248

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Notes to the financial statements
For the year ended 31st December 2010 continued
39 Share-based payments continued
The table below shows the weighted average share price at the date of exercise/release of shares:
2010
£
2009
£
Sharesavea3.17 3.21
Sharepurchasea,b 3.02 2.64
SVPa,b 3.10 –
ESASa,b 3.39 2.02
PSPa,b 3.46 1.77
ISPa,b 3.10 3.43
Certain of the Groups share option plans enable certain directors and members of staff employees the option to subscribe for new ordinary shares
of Barclays PLC between 2010 and 2018.
The exercise price range, the weighted average contractual remaining life and number of options outstanding (including those exercisable) at the
balance sheet date are as follows:
Exercise price range 2010 2009
Weighted
average
remaining
contractual
life in years
Number of
options
Outstanding
(000s)
Weighted
average
remaining
contractual
life in years
Number of
options
Outstanding
(000s)
Sharesavea
£1.44-£2.49 4 22,345 2 1,818
£2.50-£3.49 2 58,046 3 69,543
£3.50-£4.49 – 4,828 1 9,058
£4.50-£5.49 1 6,940 2 10,892
Sharepurchasea,b 1 14,461 2 12,320
SVPa,b 2 226,842 – –
ESASa,b 3 383,483 3 464,511
ISPa,b 1 49,983 2 54,978
PSPa,b 1 18,649 1 31,262
There were no modifications to the share-based payment arrangements in the years 2010, 2009 and 2008.
As at 31st December 2010, the total liability arising from cash-settled share-based payment transactions was £23m (2009: £13m; 2008: £23m).
Treasury Shares
The Group, through various employee benefit trusts, holds shares in Barclays PLC (‘treasury shares’) to meet its obligations under its share based
payment schemes.
The total number of Barclays shares held in Group employee benefit trusts at 31st December 2010 was 259.0m (2009: 125.1m). No dividend rights have
been waived on these shares. The total market value of the shares held in trust, based on the year-end share price of £2.61 (2009: £2.75), was £676m
(2009: £344m). As at 31st December 2010, options over 5.2 million (2009: 15.6 million) of the total shares held in the trusts were exercisable. Further
details on the treatment of treasury shares is provided on page 234.
Notes
a Options/award granted over Barclays PLC shares.
b Nil cost award.
246 Barclays PLC Annual Report 2010 www.barclays.com/annualreport10