Experian 2012 Annual Report Download - page 81

79
Governance Financial statementsBusiness reviewBusiness overview
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.
Date of
award
Experian
share
price
on date
of
award
Invested
shares at
1 April
2011
Matching
shares at
1 April
2011
Reinvested
matching
award at
1 April
2011
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
Total
plan
shares at
31 March
2012
Normal
vesting
date
Don Robert
11.06.04 560.0p – – 297,169 – – 297,169 –740.0p
13.06.05 560.0p – – 314,569 – – 314,569 –740.0p
18.06.09 464.0p 311,768 311,768 – – – – – – 18.06.12
03.06.10 636.0p 306,374 612,748 – – – – – – 03.06.13
15.0 6.11 785.0p – – – 221,523 443,046 – – – 15.06.14
2,207,227
Paul Brooks
11.06.04 560.0p – – 110,568 – – 110,568 –740.0p
13.06.05 560.0p – – 112,895 – – 112,895 –740.0p
18.06.09 463.3p 99,177 168,098 –––257,936 9,339 864.5p
03.06.10 636.0p 83,033 287,014 –––258,430 111,617 864.5p
15.0 6.11 785.0p – – – 57,456 239,401 123,956 172,901 864.5p
–
Chris Callero
11.06.04 560.0p – – 172,934 – – 172,934 –740.0p
13.06.05 560.0p – – 192,112 – – 192,112 –740.0p
18.06.09 464.0p 200,422 200,422 – – – – – – 18.06.12
03.06.10 636.0p 196,954 393,908 – – – – – – 03.06.13
15.0 6.11 785.0p – – – 142,080 284,160 – – – 15.06.14
1,417,946
Notes:
1. In line with the rules of the Experian Co-investment Plan, invested shares for Paul Brooks from 2009 onwards were purchased with his bonus net of tax. In line
with the rules of the Experian North America Co-investment Plan, invested shares for Don Robert and Chris Callero were calculated with reference to their gross
bonus. The matching share awards are based on the gross value of the bonus deferred.
2. Awards to directors under the 2004 and 2005 cycles of the GUS North America Co-investment Plan were reinvested in awards under the Experian North America
Reinvestment Plan at demerger.
3. Release of matching shares under the Reinvestment Plan was subject to the retention of reinvested shares, continued employment and a performance condition
with a performance period which ended on 31 March 2009. 92% of the shares subject to the PBT performance condition vested and in accordance with the rules,
have been released in annual tranches after the vesting date. The last tranche was released on 11 October 2011 when the Experian share price was 740.0p.
Dividend equivalents were paid to Paul Brooks, Chris Callero, and Don Robert on their vested shares. They received £140,782, US$388,774 and US$651,501
respectively. No further awards will be made under the Reinvestment Plan.
4. Awards made in 2009 were made under the Experian Co-investment Plan to Paul Brooks (at the share price at which invested shares were purchased) and under
the 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 retention of invested shares, continued employment and the achievement of growth in PBT of at least 3% per
annum on average over the three-year performance period that ended on 31 March 2012. The Company’s performance was such that 100% of the awards will vest
on 18 June 2012.
5. Awards made in 2010 were made under the Experian Co-investment Plan to Paul Brooks (at the share price at which invested shares were purchased) and the
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 entitled ‘CIP performance metrics’ on
page 72, the retention of invested shares and continued employment.
6. Awards made in 2011 were made under the Experian Co-investment Plan to Paul Brooks (at the share price at which invested shares were purchased) and under
the 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 entitled ‘CIP performance metrics’ on
page 72, the retention of invested shares and continued employment.
7. Paul Brooks died on 6 January 2012 and, in line with the rules of the Experian Co-investment Plan, invested shares were released on that date and matching
shares vested subject to pro-rating for time.