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60 Experian Annual Report 2008
Sharesave options
Details of Sharesave options granted to directors under the SAYE share option scheme are set out below:
Market Total Date from
Number of price at number of which
options at Exercise day of options at exercisable/
1 April 2007 price Granted Exercised exercise Lapsed 31 March 2008 expiry date
Executive directors
Paul Brooks 2,488 378.6p – 2,488 520.0p – – 01.09.07-29.02.08
Performance Share Plans
In May 2005 and June 2006, executive directors received a share award under the GUS Performance Share Plan with a
face value of one times salary. On the GUS demerger, these awards were automatically rolled over into Experian shares.
As approved by GUS shareholders at the EGM on 29 August 2006, awards equivalent to two times salary were made to
executive directors on demerger in October 2006 under the Experian Performance Share Plan. Both awards are outlined
below. For awards granted under the rolled over GUS Performance Share Plan, the performance condition is based on
Total Shareholder Return against the comparator group adopted by Experian (see page 55) since the demerger. Rolled
over awards will not vest if Experian’s Total Shareholder Return (defined as share price movement plus reinvested
dividends) is below the median return for the comparator group. For these rolled over awards only, once Experian
achieves median performance, 40% of the award may vest rising on a straight-line basis to 100% of the award vesting for
upper quartile performance or better.
Plan Plan Plan Plan Total
shares shares shares shares plan
held at awarded vested lapsed shares at Normal
1 April during the during the during the 31 March vesting
2007(1) period period period 2008 date
Chairman
John Peace (2)
31.05.05 166,625 – – – 31 May 2008
02.06.06 167,912 – – – 2 June 2009
334,537
Executive directors
Don Robert
31.05.05 132,091 – – – 31 May 2008
02.06.06 133,184 – – – 2 June 2009
11.10.06 246,698 – – – 11 October 2011
511,973
Paul Brooks
31.05.05 29,683 – – – 31 May 2008
02.06.06 27,440 – – – 2 June 2009
11.10.06 132,837 – – – 11 October 2011
189,960
Non-executive directors
David Tyler(3)
31.05.05 103,494 – – – 31 May 2008
02.06.06 104,585 – – – 2 June 2009
208,079
Notes:
1. On demerger, GUS Performance Share Plan awards made in 2005 and 2006 were replaced with equivalent awards over Experian shares.
2. As John Peace’s employment with Experian Finance plc (formerly GUS plc) ended on 31 March 2007, under the rules of the GUS Performance Share Plan,
all outstanding awards will vest subject to the performance condition on the vesting date specified in the table, and will be time pro-rated to 31 March 2007.
Disclosures will be made in respect of vesting at the appropriate time.
3. David Tyler’s awards were rolled over on the basis described in footnote 3 to the Share Options table on page 59.
Report on directors’ remuneration continued