ING Direct 2002 Annual Report Download - page 87

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In 2003, to each member of the Executive Board
35,000 options with a term of ten years and
vesting after three years were granted relating
to the financial year 2002 (2001: 35,000). The
exercise price of these options is EUR 12.65,
being the Euronext Amsterdam Stock Market
opening price of the ING Group share on
3March 2003.
ING Group shares held by
members of the Executive Board
As at 31 December 2002, Fred Hubbell (including
direct family) held 1,050,000 ING Group shares
(2001: 1,053,000) of which 405,000 (2001:
405,000) are held in a trust. Other members of
the Executive Board (including direct family) did
not hold ING Group shares.
Annual Report 2002 ยท ING Group84
Corporate Governance
NUMBER OF OPTIONS AMOUNTS IN EUROS
OUTSTANDING OUTSTANDING SHARE PRICE
AS AT GRANTED EXERCISED AS AT EXERCISE AT EXERCISE EXPIRY
31 DEC 2001 IN 2002 IN 2002(1) 31 DEC 2002 PRICE DATE DATE
Ewald Kist 100,000 100,000 17.72 28.60 1 May 2002
50,000 50,000 31.85 26 May 2003
50,000 50,000 25.87 28 May 2004
50,000 50,000 28.68 3 Apr 2005
50,000 50,000 35.26 15 Mar 2006
35,000 35,000 29.39 11 Mar 2012
Michel Tilmant 50,000 50,000 26.10 28 May 2004
20,000 20,000 28.30 3 Apr 2005
30,000 30,000 28.68 3 Apr 2005
30,000 30,000 35.26 15 Mar 2006
20,000 20,000 35.80 15 Mar 2006
21,000 21,000 29.39 11 Mar 2012
14,000 14,000 29.50 11 Mar 2012
Fred Hubbell 50,800 50,800 31.85 26 May 2003
40,000 40,000 25.87 28 May 2004
50,000 50,000 28.68 3 Apr 2005
50,000 50,000 35.26 15 Mar 2006
35,000 35,000 29.39 11 Mar 2012
Hessel Lindenbergh 100,000 100,000 17.72 28.60 1 May 2002
50,000 50,000 31.85 26 May 2003
50,000 50,000 25.87 28 May 2004
50,000 50,000 28.68 3 Apr 2005
50,000 50,000 35.26 15 Mar 2006
35,000 35,000 29.39 11 Mar 2012
Cees Maas 100,000 100,000 17.72 28.60 1 May 2002
50,000 50,000 31.85 26 May 2003
50,000 50,000 25.87 28 May 2004
50,000 50,000 28.68 3 Apr 2005
50,000 50,000 35.26 15 Mar 2006
35,000 35,000 29.39 11 Mar 2012
Alexander 34,000 34,000 17.72 28.60 1 May 2002
Rinnooy Kan 50,000 50,000 31.85 26 May 2003
50,000 50,000 25.87 28 May 2004
50,000 50,000 28.68 3 Apr 2005
50,000 50,000 35.26 15 Mar 2006
35,000 35,000 29.39 11 Mar 2012
(1) Exercised at expiry date
INFORMATION ON THE OPTIONS OUTSTANDING AND THE MOVEMENTS DURING THE FINANCIAL YEAR OF
OPTIONS GRANTED TO THE MEMBERS OF THE EXECUTIVE BOARD AS AT 31 DECEMBER 2002