Marks and Spencer 2001 Annual Report Download - page 30

30 Marks and Spencer p.l.c.
10. Employees (continued)
Outstanding options granted under the United Kingdom Employees’ Save As You Earn Share Option Scheme are as follows:
Number of shares Option
2001 2000 price
Options granted
January 1993 expired 1,390,015 257p
January 1994 518,636 2,559,142 319p
January 1995 2,793,633 7,146,133 322p
January 1996 3,536,269 7,189,225 330p
January 1997 5,384,139 7,209,963 389p
January 1998 3,877,749 5,901,130 467p
January 1999 7,896,779 11,282,225 324p
January 2000 23,856,114 36,500,221 223p
January 2001 32,355,154 – 156p
E Executive Share Option Schemes
Under the terms of the 2000 Scheme, the Board may offer options to purchase ordinary shares in the Company to executive
directors and senior employees at the market price on a date to be determined prior to the date of the offer. No further options
may be granted under the 1984, 1987 and 1997 Schemes. Outstanding options under each of the 1984 and 1987 Schemes continue
to be bound by the Maximum Option Value which is limited to four times remuneration on exercise (further details are set out in
the Remuneration Report on page 14). Outstanding options granted under all executive share option schemes are as follows:
Number of shares
2001 2000 Option price Option dates
Options granted
(1984 Scheme)
May 1991 732,802 748,546 254p May 1994 – May 2001
May 1992 1,650,583 1,652,102 329p May 1995 – May 2002
May 1993 1,213,976 1,233,053 341p May 1996 – May 2003
October 1993 19,576 19,576 399p Oct 1996 – Oct 2003
May 1994 1,859,827 1,878,391 404p May 1997 – May 2004
October 1994 21,541 21,541 402p Oct 1997 – Oct 2004
May 1995 1,545,062 1,566,969 414p May 1998 – May 2005
May 1996 58,950 58,950 458p May 1999 – May 2006
November 1996 6,172 6,172 486p Nov 1999 – Nov 2006
June 1997 39,844 39,844 527p June 2000 – June 2007
(1987 Scheme)
May 1994 1,119,504 1,138,068 404p May 1997 – May 2001
October 1994 9,288 9,288 402p Oct 1997 – Oct 2001
May 1995 1,426,796 1,426,796 414p May 1998 – May 2002
May 1996 1,625,742 1,654,620 458p May 1999 – May 2003
November 1996 39,507 39,507 486p Nov 1999 – Nov 2003
June 1997 2,003,084 2,032,282 527p June 2000 – June 2004
(1997 Scheme – Tier 1)
June 1998 379,338 385,355 557p June 2001 – June 2008
November 1998 247,221 265,785 404p Nov 2001 – Nov 2008
June 1999 929,298 985,394 358p June 2002 – June 2009
November 1999 95,323 95,323 278p Nov 2002 – Nov 2009
January 2000 360,655 360,655 305p Jan 2003 – Jan 2010
March 2000 1,992,337 1,992,337 261p Mar 2003 – Mar 2010
June 2000 184,615 – 260p June 2003 – June 2010
(1997 Scheme – Tier 2)
June 1998 3,023,780 4,979,790 557p June 2003 – June 2008
November 1998 99,261 117,825 404p Nov 2003 – Nov 2008
June 1999 2,305,306 2,491,935 358p June 2004 – June 2009
November 1999 59,352 59,352 278p Nov 2004 – Nov 2009
January 2000 360,655 360,655 305p Jan 2005 – Jan 2010
March 2000 1,992,337 1,992,337 261p Mar 2005 – Mar 2010
June 2000 184,615 – 260p June 2005 – June 2010
(2000 Scheme +3%)
September 2000 4,209,681 – 215p Sept 2003 – Sept 2010
December 2000 574,358 – 195p Jan 2004 – Jan 2011
March 2001 323,393 – 218p Mar 2004 – Mar 2011
(2000 Scheme +4%)
September 2000 4,265,494 – 215p Sept 2003 – Sept 2010
December 2000 574,358 – 195p Jan 2004 – Jan 2011
March 2001 323,393 – 218p Mar 2004 – Mar 2011
Notes to the financial statements