Experian 2010 Annual Report Download - page 83

81
Introduction 2 – 11
Business review 12 – 51
Financial statements 85 – 160
Governance 52 – 84
GUS and Experian co-investment plans and Experian reinvestment plans
Details of awards made to directors under the GUS and Experian co-investment plans and the Experian reinvestment plans
are set out in the table below.
Invested
shares at
1 April
2009
Matching
shares at
1 April
2009
Reinvested
matching
award at
1 April
2009
Special
reinvested
award at
1 April
2009
Co-
investment
plan
invested
shares
awarded
Co-
investment
plan
matching
shares
awarded
Invested
and
matching
shares
released
Matching
shares
lapsed
Experian
share
price
on date of
release
Experian
share
price
on date of
award
Tot a l
plan
shares at
31 March
2010
Final
vesting
date
Chairman
John Peace (1)(2)
11.06.04 72,394 295,436 –370,386 – – 738,216 –537.0p 560.0p
13.06.05 75,712 308,976 –387,361 – – 772,049 –537.0p 560.0p –
Executive directors
Don Robert (1)
11.06.04 139,516 279,032 837,096 – – – 627,822 33,485 537.0p 560.0p 11.10.11
13.06.05 147,685 295,371 886,112 – – – 664,584 35,445 537.0p 560.0p 11.10.11
12.06.06 121,689 243,378 – – – – 365,067 –472.5p 560.0p
29.06.07 74,340 106,307 – – – – – – 630.0p 29.06.10
18.06.09 – – – – 311,768 311,768 – – – 464.0p 18.06.12
2,027,659
Paul Brooks (1)
11.06.04 51,910 103,820 311,460 – – – 233,595 12,459 537.0p 560.0p 11.10.11
13.06.05 53,003 106,005 318,016 – – – 238,512 12,721 537.0p 560.0p 11.10.11
12.06.06 55,215 110,432 – – – – 165,647 –472.5p 560.0p
29.06.07 44,544 63,999 – – – – – – – 630.0p 29.06.10
18.06.09 – – – – 99,177 168,098 – – – 463.3p 18.0 6.12
822,745
Chris Callero (1)
11.06.04 82,782 160,788 487,140 – – – 365,355 19,486 537.0p 560.0p 11.10.11
13.06.05 90,193 180,388 541,162 – – – 405,872 21,647 537.0p 560.0p 11.10.11
12.06.06 131,612 263,223 – – – – 394,835 –472.5p 560.0p
29.06.07 85,777 122,662 – – – – – – 630.0p 29.06.10
18.06.09 – – – – 200,422 200,422 – – – 464.0p 18.0 6.12
1,339,376
Non-executive directors
David Tyler (1)(4)
12.06.06 13,742 37,043 – – – – 50,785 –472.5p 560.0p –
1. In line with the rules of the Experian co-investment plan, invested shares for John Peace, David Tyler and, from 2009, Paul Brooks were purchased with
their bonus net of tax. In line with the rules of the Experian North America co-investment plan, invested shares for Don Robert, Paul Brooks (until 2007)
and Chris Callero were calculated with reference to the gross bonus. The matching share awards are made on a gross basis and are taxed at the point of
vesting.
2. John Peace was not eligible to participate in the reinvestment plan. He was granted a special reinvestment award over Experian shares which vested on 11
October 2009. Details of this award were disclosed in the circular to GUS plc shareholders dated 26 July 2006.
3. Release of matching shares under the reinvestment plan is subject to the retention of reinvested shares, continued employment and the performance
condition described in the section titled ‘Outcome of performance testing determined in 2009/10’. The outcome of this performance condition was such
that 92% of the shares subject to the performance condition, awarded in October 2006, will vest on the applicable vesting dates. Reinvested shares and
50% of the matching shares which vest subject to time, vested on 12 October 2009 when the Experian share price was 537.0p. Dividend equivalents were
paid to Paul Brooks, Chris Callero, John Peace and Don Robert on their vested shares. They received £260,160, US$726,142, £414,096, and US$1,219,437
respectively. No further awards will be made under the reinvestment plan.
4. David Tyler’s 2006 GUS co-investment plan awards were rolled over on the basis described in note 3 to the share options table.
5. Awards to directors under the 2004 and 2005 cycles of the GUS co-investment plan and North America co-investment plan were reinvested in awards under
the Experian reinvestment plan and North America reinvestment plan at demerger.
6. Awards under the 2006 cycle of the GUS co-investment plan were automatically rolled over into equivalent awards over Experian shares under the rules of
the GUS co-investment plan. Vesting of the matching awards made in 2006 was subject to the retention of invested shares and continued employment and
occurred on 12 June 2009 when the Experian share price was 472.5p. Dividend equivalents were paid to Paul Brooks, Chris Callero, Don Robert and David
Tyler on their vested shares. They received £57,354, US$246,912, US$228,297 and £12,826 respectively.
7. Awards made in 2007 were made under the GUS co-investment plan. Matching shares will be released subject to the retention of invested shares and
continued employment.
8. Awards made in 2009 were made under the Experian co-investment plan to Paul Brooks (at the share price invested shares were purchased at) and Experian
North America co-investment plan to Chris Callero and Don Robert (based on the average share price for the three days prior to grant). Release of
matching shares under these plans is subject to the achievement of performance conditions as detailed in the section titled ‘ Annual bonus plan and co-
investment plan’, the retention of the invested shares and continued employment.
74
71