Experian 2013 Annual Report Download - page 91
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Please find page 91 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.Performance Share Plan
Details of awards made to directors under the PSP are set out in the table below.
Date of
award
Experian
share
price on
date of
award
Plan
shares
held at
1 April
2012
Plan
shares
awarded
during the
year
Plan
shares
vested
during the
year
Plan
shares
lapsed
during the
year
Experian
share
price on
date of
vesting
Total
plan
shares at
31 March
2013
Normal
vesting
date
Don Robert 18.06.09 464.0p 552,453 – 552,453 – 933.5p 18.06.12
03.06.10 636.0p 317,316 – – – – 03.06.13
15.06.11 785.0p 233,006 – – – – 15.06.14
18.05.12 870.0p – 219,063 – – – 18.05.15
769,385
Brian Cassin 18.05.12 870.0p – 101,275 – – – 18.05.15
18.05.12 (3) 870.0p – 30,663 30,663 – 1,090.0p 25.01.13
18.05.12 (3) 870.0p–26,799––– 25.01.14
18.05.12 (3) 870.0p–18,323––– 25.01.15
18.05.12 (3) 870.0p–51,054––– 25.01.16
18.05.12 (3) 870.0p–31,422––– 25.01.17
228,873
Chris Callero 18.06.09 464.0p 236,765 – 236,765 – 933.5p 18.06.12
03.06.10 636.0p 203,519 – – – – 03.06.13
15.06.11785.0p149,124–––– 15.06.14
18.05.12 870.0p – 139,918 – – – 18.05.15
492,561
Notes:
1. 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. Dividend
equivalents were paid to Don Robert and Chris Callero on their vested shares. They received US$411,577 and US$176,390 respectively.
2. The performance period in respect of the PSP awards made in June 2010, June 2011 and May 2012 are 1 April 2010 to 31 March 2013, 1 April 2011 to 31 March
2014 and 1 April 2012 to 31 March 2015 respectively. The performance conditions attached to these awards are detailed in the sections entitled ‘Outcome of
performance testing determined in the year ended 31 March 2013’ (2010 award) and ‘PSP performance metrics’ (2011 and 2012 awards).
3. As disclosed in last year's Report, Brian Cassin was granted recruitment awards to replace outstanding equity awards from his previous employer. The
recruitment awards replicate Mr Cassin's previous awards as closely as possible and therefore vest in five tranches between January 2013 and January 2017,
subject to his continued employment with Experian. Should he leave at any time during that period, other than for "good leaver" reasons, any unvested awards
will lapse in full (subject to the rules of the PSP).
P82
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