HSBC 2012 Annual Report Download - page 366

HSBC HOLDINGS PLC
Directors’ Remuneration Report (continued)
Appendix to DRR > Additional disclosures
364
Awards of Restricted Shares
HSBC Share Plan
(Audited)
HSBC Holdings ordinary shares
Year in
which
Awards
held at
Awards made
during year
Awards vested
during year
Awards
held at
31 Dec 2012
Date of
award
awards
may vest
1 Jan
2012
Number
Monetary
value
Number
Monetary
value
(or date of
retirement)1
£000 £000
D J Flint ............ 1 Mar 2010 2011-20132 220,201 – – 111,3403 617 116,700
15 Mar 2011 2012-20142 133,280 – – 44,5164 256 94,569
A A Flockhart5 .. 2 Mar 2009 2012 535,162 – – 541,6516 3,028 –
1 Mar 2010 2011-20132 212,927 – – 107,6623 596 110,704
15 Mar 2011 2012-20142 86,062 – – 28,7454 165 59,906
S T Gulliver ...... 1 Mar 2010 2011-20132 943,723 – – 477,1743 2,644 500,148
15 Mar 2011 2012-20142 825,072 – – 275,5754 1,585 585,436
I J Mackay ........ 2 Mar 2009 2012 104,244 – – 105,5086 590 –
1 Mar 2010 2011-20132 41,263 – – 20,8643 116 21,868
15 Mar 2011 2012-20142 35,954 – – 12,0084 69 25,513
Vesting of Restricted Share awards is normally subject to the Director remaining an employee on the vesting date. The vesting date may be
advanced to an earlier date in certain circumstances, e.g. death. Under the Securities and Futures Ordinance of Hong Kong, interests in
Restricted Share awards are categorised as the interests of a beneficial owner.
1 Includes additional shares arising from scrip dividends.
2 33% of the award vests on each of the first and second anniversaries of the date of the award, with the balance vesting on the third
anniversary of the date of the award. In the case of the awards granted on 15 March 2011 the shares (net of tax) are subject to a six
month retention period following each vesting date.
3 At the date of vesting, 27 February 2012, the market value per share was £5.54. The market value per share on the date of the award,
1 March 2010, was £6.82.
4 At the date of vesting, 15 March 2012, the market value per share was £5.75. The market value per share on the date of the award,
15 March 2011, was £6.46.
5 Retired as an executive Director on 30 April 2012. The vesting of the awards will continue in line with the vesting schedule set at the
date of grant and will also continue to accrue scrip dividends subject to the terms of the Plan.
6 At the date of vesting, 5 March 2012, the market value per share was £5.59. The market value per share on the date of the award,
2 March 2009, was £3.99.
Awards of Restricted Shares
HSBC Share Plan 2011
(Audited)
HSBC Holdings ordinary shares
Year in
which
Awards
held at
Awards made
during year
Awards vested
during year
Awards
held at
31 Dec 2012
Date of
award
awards
may vest
1 Jan
2012 Number
Monetary
value Number
Monetary
value
(or date of
retirement)1
£000 £000
A A Flockhart2 .....
.
28 Feb 20123 2012 – 68,941 385 68,941 385 –
12 Mar 20124 2013-2015 – 207,546 1,154 – – 213,044
12 Mar 20125 2012 – 69,182 385 69,182 385 –
S T Gulliver .........
.
28 Feb 20123 2012 – 77,167 431 77,167 431 –
12 Mar 20124 2013-2015 – 232,312 1,292 – – 243,078
12 Mar 20125 2012 – 77,437 431 77,437 431 –
I J Mackay ...........
.
28 Feb 20123 2012 – 38,854 217 38,854 217 –
12 Mar 20124 2013-2015 – 116,968 650 – – 122,390
12 Mar 20125 2012 – 38,989 217 38,989 217 –
Vesting of Restricted Share awards is normally subject to the Director remaining an employee on the vesting date. The vesting date may be
advanced to an earlier date in certain circumstances, for example, death. Under the Securities and Futures Ordinance of Hong Kong,
interests in Restricted Share awards are categorised as the interests of a beneficial owner.