Experian 2011 Annual Report Download - page 87

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85
Governance Report on directors’ remuneration
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 shares
under
option at
1 April
2010
Exercise
price Granted Exercised
Experian
share price
on date of
exercise Lapsed
Total
number
of shares
under
option at
31 March
2011
Date from
which
exercisable/
expiry date
Executive directors
Don Robert 01.06.04 239,699 455.4p – 239,699 606.0p –
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
18.06.09 552,453 464.0p – – – – 18.06.12 – 17.06.19
817,728
Paul Brooks 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
18.06.09 198,275 464.0p – – – – 18.06.12 – 17.06.19
312,526
Chris Callero 31.05.05 142,862 483.1p – 142,862 744.5p –
02.06.06 153,675 521.1p – – – – 02.06.09 – 01.06.12
18.06.09 236,765 464.0p – – – – 18.06.12 – 17.06.19
390,440
Non-executive directors
David Tyler 02.06.06 104,585 521.1p – – – – 02.06.09 – 01.06.16
104,585
Notes:
1 Options granted in 2006 or earlier were originally granted under the GUS Executive Share Option Schemes and were exchanged for equivalent options over Experian plc shares on demerger.
2 Options granted to Don Robert in 2004 and 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. The 2005 and 2006 grants to Don Robert and Paul Brooks were made under the GUS Executive Share Option Scheme. These options vested subject to the
achievement of performance conditions which were met in full.
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.
4 The options granted in June 2009 will become exercisable subject to the achievement of a growth in benchmark earnings per share ('EPS') target measured over a three-year performance
period: 25% of an option will vest if growth in EPS is at least 4% p.a. on average. Vesting increases on a straight-line basis such that the option will be fully exercisable if growth in EPS over
the performance period is at least 8% p.a. on average. Vesting is also subject to satisfactory ROCE.
5 The market price of Experian plc shares at the end of the financial year was 772p; the highest and lowest prices during the financial year were 819p and 572p respectively.