HSBC 2011 Annual Report Download - page 276

HSBC HOLDINGS PLC
Directors’ Remuneration Report (continued)
Share plans // Statement of Directors’ Responsibility
274
Conditional Awards under the GPSP
HSBC Share Plan 2011
(Audited)
HSBC Holdings ordinary shares of US$0.50
Awards made
during year1
Date of
award
Year in
which
awards
may vest
Awards
held at
1 Jan
2011 Number
Monetary
value
Awards
held at
31 Dec
20112
£000
A A Flockhart .................................... 23 Jun 2011 2016 – 176,519 1,061 178,373
S T Gulliver ....................................... 23 Jun 2011 2016 – 388,044 2,332 392,119
I J Mackay ......................................... 23 Jun 2011 2016 – 108,487 652 109,626
The GPSP is the long-term incentive plan under the HSBC Share Plan 2011. Vesting of GPSP awards is normally subject to the Director
remaining an employee on the vesting date. Any shares (net of tax) which the Director becomes entitled to on the vesting date are subject to
a retention requirement until cessation of employment. Under the Securities and Futures Ordinance of Hong Kong, interests in awards are
categorised as the interests of a beneficial owner.
1 Conditional awards of shares made under the GPSP. At the date of award, 23 June 2011, the market value per share was £6.01.
2 Includes additional shares arising from scrip dividends.
On behalf of the Board
J L Thornton
Chairman of Group Remuneration Committee 27 February 2012