Marks and Spencer 2010 Annual Report Download - page 74

Download and view the complete annual report

Please find page 74 of the 2010 Marks and Spencer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 126

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126

Marks and Spencer Group plc Annual report and financial statements 2010 Directors’ report 70
Remuneration report continued
Share Option Schemes
Date of grant
Maximum
options
receivable at
29 March 2009
or date of
appointment
Options
granted
during
the year
Options
exercised
during
the year
Options
lapsed
during the
year
Maximum
options
receivable at
3 April
2010
Option
price
(p) Option period
Executive Chairman
Sir Stuart Rose
Executive Share
Option Scheme120/07/04 979,825 – – – 979,825 3 47. 0 20/07/07 – 19/07/14
SAYE 21/11/08 4,729 – – – 4,729 203.0 01/01/12 – 30/06/12
Tot al 984,554 – – – 984,554
Executive directors
Kate Bostock
Executive Share
Option Scheme124/11/04 249,627 – – – 249,627 336.5 24/11/07 – 23/11/14
SAYE 25/11/05 2,679 – – 2,679 – 349.0 01/01/09 – 30/06/09
21/11/08 4,729 – – – 4,729 203.0 01/01/12 – 30/06/12
Tot al 2 57, 0 3 5 – – 2,679 254,356
John Dixon
Executive Share
Option Scheme120/07/04 25,935 – – – 25,935 3 47. 0 20/07/07 – 19/07/14
SAYE 21/11/08 8,251 – – – 8,251 203.0 01/01/14 – 30/06/14
Tot al 3 4,186 –––34,186
Ian Dyson2
SAYE 21/11/08 4,729 – – – 4,729 203.0 01/01/12 – 30/06/12
Tot al 4,729 – – – 4,729
Steven Sharp
Executive Share
Option Scheme120/07/04 302,593 – – – 302,593 3 47. 0 20/07/07 – 19/07/14
24/11/0 4 104,010 – – – 104,010 336.5 24/11/07 – 23/11/14
SAYE 25/11/05 2,679 – – 2,679 – 349.0 01/01/09 – 30/06/09
21/11/08 4,729 – – – 4,729 203.0 01/01/12 – 30/06/12
Tot al 414,011 – – 2,679 411,332
1 The Executive Share Options have all been held for three years and have met their performance targets and can therefore be exercised under the scheme rules;
All option prices were below the market value on 3 April 2010;
The performance criteria attached to the Executive Share Options Scheme is described on page 63.
2 All outstanding awards will lapse on leaving.
The market price of the shares at the end of the financial year was 371.9p; the highest and lowest share price during the financial year were 412.4p and 264.5p respectively.
The explanation of the performance criteria attached to the Performance Share Plan and the Executive Share Option Scheme in Long-Term Incentive Schemes on page 63
have been audited.