Marks and Spencer 1998 Annual Report Download - page 46

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Granted Ex ercised Option Ex ercise
At 1 A pril during during At 31 March price price
1997 the year the year 1998 (pence) (pence) Option period
P P D Smith
Exercisable 46,432 2,047 254.0 May 94 Ð May 01
Not yet ex ercisable 9,825(2) 9,825(2) 229.0 Jan 99 Ð Jun 99
Not ex ercisable (exceed MOV) 266,772 283,004 375.0( 1) May 94 Ð May 05
27,256 527.0 Jun 00 Ð Jun 04
55,409 254.0 593.0
D G Trangmar
Exercisable 990 4,162 254.0 May 94 Ð May 01
Not ex ercisable (exceed MOV) 305,740 277,568 356.0( 1) May 94 Ð May 05
18,702 527.0 Jun 00 Ð Jun 04
43,702 206.0 600.5
The Hon David Sieff
Exercisable 25,077 –( 3)
Not yet ex ercisable 7,825(2) –(3)
Not ex ercisable (exceed MOV) 313,812 –( 3)
25,077 329.0 592.0
5,072(2) 257.0 612.0
(1) Weighted average price. (2) SAYE grant or ex ercise.
(3)
The Hon David Sieff, non-executive director, ex ercised share options in relation to grants made to him when he was an ex ecutive director. All remaining
options have now lapsed.
5 LONG TERM BENEFITS continued
(i) Ordinary shares in the Company – beneficial and family interests
At 31 March At 1 A pril At 31 March A t 1 A pril
1998 1997 1998 1997
Sir Richard Greenbur y 43,210 37,338 B S Morris 2,811 2,630
J K Oates 307,574 296,434 J T Rowe 28,124 28,327
P G McCracken 51,913 48,133 S J Sacher 295,359 290,351
P L Salsbury 56,627 47,096 P P D Smith 8,479 8,269
Lord Stone of Blackheath 22,646 35,688 D G Trangmar 223,477 215,779
R A ldridge 35,634 33,055 B F Baldock 20,000 20,000
J R Benfield 14,103 14,281 Sir Martin Jacomb 15,231 14,234
R W C Colvill 19,134 21,310 Sir Michael Perr y 2,457 2,457
Mrs C E M Freeman 29,819 24,721 Dame Stella Rimington 2,012 2,000
D K Hayes 10,484 8,388 Sir Ralph Robins 2,514 2,452
C Littmoden 49,732 45,209 The Hon David Sieff 330,273 323,480
(ii) Ordinary shares in the Company – trustee interests
At 31 March 1998 At 1 A pril 1997
Charitable Other Charitable Other
Trusts’ Trusts’ TrustsÕ TrustsÕ
Shares Shares Shares Shares
S J Sacher 52,000 147,045 62,000 147,045
The Hon David Sieff 12,000 41,725 12,000 53,700
DIRECTORS’ INTERESTS IN SHARES
The beneficial interests of the directors and their families in the shares of the Company, together with their interests as trustees of both
charitable and other trusts, are shown below in sections (i) and (ii). These include shares held under the Profit Sharing Scheme. Options
granted under the Save As You Earn (SAYE) Share Option and Senior Staff Share Option Schemes are shown on pages 42 to 44. Further
information regarding employee share option schemes is given in note 9D. There has been no change in the directorsÕ interests in shares or
options granted by the Company
and its subsidiaries between the end of the financial year and one month prior to the notice of the Annual
General Meeting.
The Register of DirectorsÕ Interests (which is open to shareholdersÕ inspection) contains full details of directorsÕ shareholdings
and options to subscribe for shares. No director had any interest in any subsidiary at the beginning or end of the year.
REPO RT OF TH E REM UNERATION CO M M ITTEE
44
DIRECTO RS’ IN TERESTS