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MARKS AND SPENCER GROUP PLC 23
b) Directors’ Share Option Schemes
The options detailed in the table below may not be exercisable for either of the following reasons:
(i) The options have not been held for three years and therefore cannot be exercised under scheme rules; or
(ii) The options have not met the appropriate performance criteria.
At 3 April Exercised/ At 2 April
2004 or Granted lapsed 2005 or Option Exercise
date of during during date of price price Option
appointment the year the year leaving (p) (p) period
Chief Executive
Stuart Rose
Not Exercisable (A) 979,825 347.0 Jul 2007 – Jul 2014
Granted 979,825 347.0 Jul 2007 – Jul 2014
Executive directors
Alison Reed
Exercisable (B) 148,836 289,460 234.91Sept 2003 – Jun 2011
Exercisable (A) 70,661 286,150 388.01Jun 1998 – Dec 2011
Not Exercisable (B) 140,624 235,690 297.01Jun 2006 – Jul 2013
Not Exercisable (A) 677,691 344,188 348.61Jun 2005 – Jul 2014
Granted 155,618 347.0 Jul 2007 – Jul 2014
Lapsed337,942
SAYE 10,166 10,166 166.01Jan 2005 – Jun 2006
Charles Wilson
Not Exercisable (A) 576,367 347.0 Jul 2007 – Jul 2014
Granted 576,367 347.0 Jul 2007 – Jul 2014
Directors leaving during the year
Maurice Helfgott
Exercisable (B) 139,534 75,251 288.11Nov 2004 – Nov 2005
Exercisable (A) 41,899 250,067 352.71Jun 2002 – Nov 2005
Not Exercisable (B) 173,682
Not Exercisable (A) 334,683
Granted 138,328 347.0 Jul 2007 – Jul 2014
Exercised2239,142 232.11352.5
Lapsed3263,666
Roger Holmes
Exercisable (B) 871,794 1,449,243 240.61Dec 2003 – May 2005
Not Exercisable (B) 249,022
Not Exercisable (A) 893,828
Lapsed3565,401
SAYE 6,951
SAYE Lapsed 6,951
Mark McKeon
Granted 276,655 347.0 Jul 2007 – Jul 2014
Lapsed3276,655
Laurel Powers-Freeling
Exercisable (B) 235,690 297.0 Dec 2004 – Dec 2005
Exercisable (A) 548,569 350.0 Dec 2004 – Dec 2005
Not Exercisable (B)
Not Exercisable (A) 784,259
Granted 201,728 347.0 Jul 2007 – Jul 2014
Lapsed3201,728
SAYE 4,046 4,046 228.0 Jan 2005 – Jun 2005