Barclays 2012 Annual Report Download - page 103

awards released in 2012 (market price on release date was £2.36) and 6,721 dividend shares from the SVP award released in 2012 (market price
on release date was £2.03). The options held at 31 December 2012 by Bob Diamond under the Incentive Share Option Plan vested in 2006 and
2007. With the exception of Chris Lucas’ SVP 2012 award, SVP awards do not have performance conditions as the awards are deferred share
bonuses. Vesting of SVP awards is dependent on future service and subject to malus conditions. The vesting of 50% of each tranche of Chris
Lucas’ SVP 2012 award is subject to the condition that on vesting return on equity exceeds cost of equity. The vesting of 50% of the second
and third tranches of Chris Lucas’ SVP 2012 award are also subject to the Committee being satisfied with progress against the FSA’s capital
targets. The highest and lowest Barclays share prices during 2012 were £2.66 and £1.50 respectively; the share price on 31 December 2012 was
£2.62. In relation to Chris Lucas’ PSP 2009-2011 award, the RoRWA performance measure was met and the TSR performance measure was
partially met. The Committee also considered the underpin and was satisfied with the underlying health of the Group after considering economic
profit and profit before tax on a cumulative basis over the three year performance period. As a result, the award vested in March 2012 at 2.1 times
the initial award (maximum was three times).
Market price on
release/exercise date
Number of shares
lapsed in 2012
Number of shares
under award/option
at 31 December 2012
(maximum)
Vested number of
shares under option
Value of
release/exercise (£000)
End of three year
performance period, or
first exercise/scheduled
release date
Last exercise/
scheduled
release date
£2.356 – 7,052 – 9 20/03/2011 18/03/2013
– – 1,052,347 – – 31/12/2014 25/05/2015
– – 1,266,715 – – 31/12/2014 25/05/2015
£2.356 – 412,141 – 971 01/03/2011 18/03/2013
£2.356 – 285,370 – 336 12/03/2012 15/03/2014
– – 1,796,137 – – 18/03/2013 16/03/2015
– – 1,995,237 – – 17/03/2014 16/03/2015
£2.356 – – – 392 – –
£2.356 479,414 – – 2,635 – –
– – 927,318 – – 31/12/2012 18/03/2013
– – 3,735 – – 01/11/2014 30/04/2015
– – 6,250 – – 01/11/2015 30/04/2016
– – 646,762 40,621 – 01/03/2011 16/03/2015
£2.028 – 130,293 – 132 08/05/2012 06/05/2014
– – 736,877 – – 18/03/2013 16/03/2015
– – 1,447,701 – – 31/12/2013 06/05/2014
– – 2,158,661 – – 31/12/2014 25/05/2015
– 5,563,902 – – – – –
– 123,216 349,112 349,112 – 14/03/2006 22/03/2014
£2.356 197,462 – – 115 – –
£2.028 567,016 – – 575 – –
– 1,105,316 – – – – –
– 2,442,996 – – – – –
– 3,642,741 – – – – –
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