Marks and Spencer 2011 Annual Report Download - page 66

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Directors’ interests in long-term incentive schemes
Share Schemes
Date of award
Maximum
shares
receivable at
4 April 2010
Shares
awarded
during
the year4
Shares
vested
during
the year
Shares
lapsed
during
the year
Maximum
shares
receivable at
2 April 2011
or on date
of leaving
Market value
on date
of award
(p)
Market value
on date
of vesting
(p)
Vesting/
lapse
date
Executive directors
Kate Bostock
Performance Share Plan105/06/07 169,827 – – 169,827 –706.6 – 05/06/10
Deferred Share Bonus Plan205/06/07 17,071 – 17,071 – –706.6 339.9 05/06/10
Total 186,898 – 17,071 169,827 –
John Dixon
Performance Share Plan105/06/07 62,270 – – 62,270 –706.6 – 05/06/10
Deferred Share Bonus Plan205/06/07 11,091 – 11,091 – –706.6 339.9 05/06/10
Restricted Share Plan320/01/09 14,724 – 14,724 – –228.2 339.9 05/06/10
Total 88,085 – 25,815 62,270 –
Steven Sharp
Performance Share Plan105/06/07 297,197 – – 297,197 –706.6 – 05/06/10
Deferred Share Bonus Plan205/06/07 65,640 21,153 86,793 – –706.6 341.9 05/07/10
Total 362,837 21,153 86,793 297,197 –
Directors retiring from the
Board during the year
Sir Stuart Rose
Performance Share Plan105/06/07 594,395 – – 594,395 –706.6 – 05/06/10
Deferred Share Bonus Plan205/06/07 222,898 44,738 267,636 – –706.6 341.9 05/07/10
Total 817,293 44,738 267,636 594,395 –
Ian Dyson
Performance Share Plan105/06/07 297,197 – – 297,197 –706.6 – 31/08/10
09/06/08 530,660 – – 530,660 –381.6 – 31/08/10
09/06/09 471,862 – – 471,862 –286.1 – 31/08/10
Deferred Share Bonus Plan20 5/0 6/07 111,4 49 – 111,4 49 – –706.6 – 05/06/10
Total 1,411,168 – 111,4 49 1,299,719 –
1 The 2007 Performance Share Plan award did not meet the minumum EPS target of RPI +4% and so all awards lapsed. Full details of the plan are described on page 59.
2 Full details of the Deferred Share Bonus Plan are set out on page 92.
3 John Dixon was awarded the restricted shares before he was appointed executive director.
4 The shares represent the dividends paid on the 2007 Deferred Share Bonus Plan over the award’s vesting period.
All other awards made under these plans were restructured as nil cost options on 1 November 2010 and are therefore shown in the Share Option Schemes table on page 65.
Marks and Spencer Group plc Annual report and financial statements 2011
64
Governance
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continued