Experian 2013 Annual Report Download - page 90
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Please find page 90 of the 2013 Experian annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Co-investment Plans
Details of awards made to directors under the Experian Co-investment Plans are set out in the table below.
Date of
award
Experian
share
price
on date of
award
Invested
shares at
1 April
2012
Matching
shares at
1 April
2012
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
2013
Normal
vesting
date
Don Robert
18.06.09 464.0p 311,768 311,768 – – 623,536 – 933.5p 18.06.12
03.06.10 636.0p 306,374 612,748 – – – – – 03.06.13
15.06.11 785.0p 221,523 443,046 – – – – – 15.06.14
18.05.12 870.0p – – 211,997 423,994 – – – 18.05.15
2,219,682
Chris Callero
18.06.09 464.0p 200,422 200,422 – – 400,844 – 933.5p 18.06.12
03.06.10636.0p196,954393,908––––– 03.06.13
15.06.11785.0p142,080284,160––––– 15.06.14
18.05.12 870.0p – – 135,678 271,356 – – – 18.05.15
1,424,136
Notes:
1. 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. Matching awards granted in June 2009 were subject to performance conditions measured over the three years ended 31 March 2012. As reported last year the
outcome of these performance conditions was such that 100% of the awards vested. The vesting date was 18 June 2012 when the Experian share price was 933.5p.
Cash dividend equivalents were paid to Don Robert and Chris Callero on their vested shares. They received US$464,534 and US$298,629 respectively.
3. Awards made to Don Robert and Chris Callero in June 2010, June 2011 and May 2012 under the Experian North America Co-investment Plan were based on the
average share price for the three days prior to grant. The performance periods for these awards are 1 April 2010 to 31 March 2013, 1 April 2011 to 31 March 2014
and 1 April 2012 to 31 March 2015 respectively. Release of matching shares under these plans is subject to the achievement of performance conditions as detailed
in the sections entitled ‘Outcome of performance testing determined in the year ended 31 March 2013’ (2010 awards) and ‘CIP performance metrics' (2011 and
2012 awards), the retention of invested shares and continued employment.
Report on directors’ remuneration
continued
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88 Experian Annual Report 2013 Governance