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59Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Financial statements
65 – 144
Governance
Report on directors’ remuneration
Governance
Report on directors’ remuneration
Share options
Details of options granted to directors, under the GUS executive share option schemes, are set out in the table below:
Market Total Date from
Number of price at number of which
Date of options at Exercise day of options at exercisable/
Grant 1 April 2007 price Granted Exercised exercise Lapsed 31 March 2008 expiry date
Chairman
John Peace(1) 11.06.01 348,032 344.8p – 348,032 506.5p – 11.06.04 - 29.09.07
06.06.02 176,882 367.5p – – – – 06.06.05 - see note 1
19.06.03 176,251 380.1p – – – – 19.06.06 - see note 1
19.06.03 7,600 394.7p – 7,600 506.5p – 19.06.06 - 29.09.07
01.06.04 166,894 455.4p – – – – 01.06.07 - see note 1
31.05.05 166,625 483.1p – – – – 31.05.05 - see note 1
02.06.06 167,912 521.1p – – – – 02.06.06 - see note 1
854,564
Executive directors
Don Robert(2) 01.06.04 239,699 455.4p – – – – 11.10.06 - 30.05.11
31.05.05 132,091 483.1p – – – – 31.05.08 - 30.05.15
02.06.06 133,184 521.1p – – – – 02.06.09 - 01.06.16
504,974
Paul Brooks 02.12.03 49,852 426.0p – 49,852 632.0p – 02.12.06 - 01.12.09
02.12.03 7,851 426.0p – 7,851 632.0p – 02.12.06 - 01.12.13
01.06.04 50,671 455.4p – 50,671 632.0p – 01.06.07 - 31.05.14
01.06.04 6,344 472.9p – 6,344 632.0p – 01.06.07 - 31.05.14
31.05.05 59,368 483.1p – – – – 31.05.08 - 30.05.15
02.06.06 54,883 521.1p – – – – 02.06.09 - 01.06.16
114,251
Non-executive directors
David Tyler(3) 06.06.02 103,407 367.5p – – – – 06.06.05 - 05.06.12
19.06.03 102,595 380.1p – – – – 19.06.06 - 18.06.13
19.06.03 7,600 394.7p – 7,600 532.0p – 19.06.06 - 18.06.13
01.06.04 103,212 455.4p – – – – 01.06.07 - 31.05.14
31.05.05 103,494 483.1p – – – – 31.05.08 - 30.05.15
02.06.06 104,585 521.1p – – – – 02.06.09 - 01.06.16
517,293
Notes:
1. John Peace ceased to be an employee of the Group on 31 March 2007. Under the GUS Unapproved Executive Share Option Scheme rules, he has six months from
this date to exercise his options, excluding any periods during which he is restricted from dealing in the Company’s shares. Disclosures will be made in respect of
the exercise of these options at the appropriate time.
2. Options granted to Don Robert prior to his date of appointment to the board of GUS plc in April 2005 were granted under the GUS North America Stock Option Plan.
The 2005 and 2006 grants were made under the GUS Executive Share Option Scheme.
3. Options were granted to David Tyler in respect of his role as an executive director of GUS plc. On the demerger of GUS plc, he was eligible to exchange his options
for equivalent options over Experian shares on the same basis as other participants in the relevant GUS plans except that he was not eligible to participate in the
Experian Reinvestment Plan. To the extent that his options were rolled over, the new options did not vest or lapse in connection with his termination of employment.
In respect of such options, David Tyler is treated as a good leaver for the purposes of the relevant plan rules if he ceases to be a non-executive director of the
Company except as a result of voluntary resignation or actions which would constitute gross misconduct. The relevant performance conditions apply.
4. No options were granted to executive directors on the GUS demerger.
All options in the above table were originally granted under the GUS Executive Share Option Schemes. Options which were
granted before 2005 were exchanged for equivalent options over Experian shares on demerger of GUS plc. Unvested options
granted in 2005 and 2006 (other than options granted under the GUS 1998 Approved Executive Share Option Scheme) were
automatically exchanged for equivalent options over Experian shares. The performance condition for options granted in
2005 and 2006 is based on the growth of Experian’s Earnings per Share in excess of the UK Retail Price Index from the date of
demerger.
The market price of Experian Group Limited shares at the end of the financial year was 367.0p; the highest and lowest prices
during the financial year were 633.5p and 358.0p respectively.