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15
MARKS AN D SPEN CER p.l.c.
5 LONG-TERM BENEFITS (CO N TIN UED )
Granted Exercised/ O ption Exercise
At 1 April during lapsed during At 31 March price price
1999 the year the year 2000(3) (pence) (pence) O ption period
C Littmoden
Exercisable 67,542 265.0(1) May 94 – May 02
N ot exercisable 339,690 456.0(1) May 95 – May 05
SAYE 6,852 341.0(1) Jun 99 – N ov 99
557.0 Jun 99 – May 00
324.0(2) Jun 99 – N ov 99
SJSacher
Exercisable 190 254.0 May 94 – May 01
SAYE 3,930 229.0 Jan 99 – Jun 99
N ot exercisable 309,436 374.0(1) May 94 – May 05
SAYE 8,053 342.0(1) Jan 00 – Jun 05
Lapsed
PP D Smith
Exercisable 2,047 –
N ot exercisable 283,004 –
SAYE 9,825 –
291.0(1) 392.0
229.0 407.5
Lapsed
JKO ates
Exercisable 132,256 341.0(1) May 95 – May 04
N ot exercisable 718,988 509.0(1) May 97 – May 05
SAYE 9,336 296.0(1) Feb 99 – July 99
557.0 Feb 99 – Jan 00
(1) W eighted average price.
(2) SAYEgrant or exercise.
(3) All figures for J K O ates are as at 31 January 1999 when he retired. He took the following senior share options into retirement:
N o of options O ption price Comments
(pence)
409,261 557.0 Exercisable for a 12-month period only
132,256 341.0(1) Exercisable during the life of the options and representing the full extent of MO V
309,727 446.0(1) W ill lapse except to the extent that earlier options are sacrificed
(1) W eighted average price.
REMUN ERATIO N REPO RT
ANNUAL REPORT AND FIN ANCIAL STATEMENTS 1999