Experian 2010 Annual Report Download - page 81

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Introduction 2 – 11
Business review 12 – 51
Financial statements 85 – 160
Governance 52 – 84
Share options
Details of options granted to directors under the Experian share option plan and the GUS executive share option schemes are
set out in the table below.
Date of grant
Number of
options at
1 April
2009
Exercise
price G r a n t e d E x e r c i s e d
Market price
on day of
exercise Lapsed
Total number of
options at
31 March 2010
Date from
which
exercisable/
expiry date
Chairman
John Peace (1) 06.06.02 176,882 367.5p –176,882 493.0p –
19.06.03 176,251 380.1p –176,251 493.0p –
01.06.04 166,894 455.4p – 166,894 475.0p –
31.05.05 166,625 483.1p – – – 166,625
02.06.06 167,912 521.1p – – – 167,912
–
Executive directors
Don Robert (2) 01.06.04 239,699 455.4p – – – – 11.10.06 – 30.05.10
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
18.06.09 –464.0p 552,453 – – – 18.06.12 – 17.06.19
1,057,427
Paul Brooks 31.05.05 59,368 48 3.1p – – – – 31.05.08 – 30.05.15
02.06.06 54,883 521.1p – – – – 02.06.09 – 01.06.16
18.06.09 –464.0p 198,275 – – – 18.06.12 – 17.06.19
312,526
Chris Callero 01.06.04 120,150 455.4p –120,150 589.0p –
31.05.05 142,862 48 3.1p – – – – 11.10.0 6 – 30.05.11
02.06.06 153,675 521.1p – – – – 02.06.09 – 01.06.12
18.06.09 –464.0p 236,765 – – – 18.06.12 – 17.06.19
533,302
Non-executive directors
David Tyler (3) 06.06.02 103,407 367.5p –103,407 599.0p –
19.06.03 102,595 38 0.1p –102,595 597.5p –
01.06.04 103,212 455.4p –103,212 615.0p –
31.05.05 103,494 483.1p –103,494 635.5p –
02.06.06 104,585 521.1p – – – – 02.06.09 – 01.06.16
104,585
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 had six
months from this date to exercise his options, excluding any periods during which he was restricted from dealing in the Group’s shares. John Peace’s
unexercised options lapsed on 7 June 2009.
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 demerger, 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.
4. Options granted in 2006 or earlier were originally granted under the GUS executive share option schemes. Options which were granted before 2005 were
exchanged for equivalent options over Experian plc shares on demerger. 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 plc shares. The performance
condition for options granted to all directors, with the exception of Chris Callero, in 2005 and 2006 was based on the growth of Experian’s earnings per share
in excess of the UK Retail Price Index from the date of demerger. The options granted to Chris Callero prior to 2009 were granted under the GUS North
America Stock Option Plan. Vesting of these options was not subject to performance conditions.
5. Option grants made in June 2006 were subject to the performance condition described in the section titled ‘Outcome of performance testing determined in
2009/10’. This performance condition was achieved and so these options vested on 2 June 2009.
6. The market price of Experian plc shares at the end of the nancial year was 648.5p; the highest and lowest prices during the nancial year were 661p and
433p respectively.
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