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Governance Marks and Spencer Group plc Annual report and financial statements 2013 70
Remuneration report continued
Directors’ interests in long-term incentive schemes (continued)
Date of
grant
Maximum
options
receivable at
1 April 2012
or date of
appointment
Options
granted
during
the year
Options
exercised
during
the year
Options
lapsed
during
the year
Maximum
options
receivable at
30 March 2013
or on date of
leaving
Option
price
(p)
Share
price
on date
of award
(p)
Share
price on
date of
exercise
(p) Option period
Alan Stewart
Performance Share Plan1 24/11/10 144,432 – – – 144,432 0.0 380.8 – 24/11/13 – 23/11/20
25/07/11 387,651 – – – 387,651 0.0 354.7 – 25/07/14 – 24/07/21
18/06/12 – 436,019 – – 436,019 0.0 325.1 – 18/06/15 – 17/06/22
Deferred Share Bonus Plan 09/06/11 39,789 – – – 39,789 0.0 378.4 – 09/06/14 – 08/06/21
18/06/12 – 53,194 – – 53,194 0.0 325.1 – 18/06/15 – 17/06/22
Restricted Share Plan224/11/10 39,390 – – – 39,390 0.0 380.8 – 24/11/11 – 23/11/20
24/11/10 39,391 – – – 39,391 0.0 380.8 – 23/11/12 – 23/11/20
SAYE 24/11/11 3,488 – – – 3,488 258.0 322.4 – 01/01/15 – 30/06/15
Total 654,141 489,213 – – 1,143,354
Laura Wade-Gery
Performance Share Plan125/07/11 444,037 – – – 444,037 0.0 354.7 – 25/07/14 – 24/07/21
18/06/12 – 416,025 – – 416,025 0.0 325.1 – 18/06/15 – 17/06/22
Deferred Share Bonus Plan 18/06/12 – 37,442 – – 37,442 0.0 325.1 – 18/06/15 – 17/06/22
Restricted Share Plan225/07/11 119,751 – – – 119,751 0.0 354.7 – 25/07/12 – 24/07/21
25/07/11 126,225 – – – 126,225 0.0 354.7 – 25/07/13 – 24/07/21
25/07/11 77,677 – – – 77,677 0.0 354.7 – 25/07/14 – 24/07/21
Total 767,690 453,467 – – 1,221,157
Directors retiring
from the Board
during the year
Kate Bostock
Performance Share Plan109/06/09 349,528 – 122,160 227,368 –0.0 286.1 356.0 –
09/06/10 337,045 – – 337,045 –0.0 341.2 – –
25/07/11 415,844 – – 415,844 –0.0 354.7 – –
18/06/12 – 467,548 – 467,548 –0.0 325.1 – –
Deferred Share Bonus Plan 09/06/10 242,672 – – – 242,672 0.0 341.2 – 01/10/12 – 30/09/13
09/06/11 102,439 – – 59,757 42,682 0.0 378.4 – 01/10/12 – 30/09/13
18/06/12 – 50,495 – 50,495 –0.0 325.1 – –
Executive Share
Option Scheme 24/11/04 249,627 – 249,627 – –336.5 336.5 371.6 –
Total 1,697,155 518,043 371,787 1,558,057 285,354
1 The number of options shown under the Performance Share Plan is the maximum (100%) number that could be receivable by the executive director if the performance conditions are
fully met as outlined on page 61. The 2009 award vested as follows: for awards up to 200% of salary, vesting at 34.95%; for awards between 200% and 400% of salary, vesting at
28.97%. The 2010 award will lapse as the threshold EPS target will not be met as set out on page 63.
2 These awards were made in connection with the directors’ appointment to compensate them for incentive awards that were forfeited on cessation from their previous employer.
3 Steve Rowe was awarded these Restricted Share Plan options before he was appointed executive director.
The market price of the shares at the end of the financial year was 390.0p; the highest and lowest share prices during the financial year were 398.8p and 312.2p respectively.
This Remuneration Report has been prepared on behalf of the Board by the Remuneration Committee. The Committee adopts
the principles of good governance as set out in the UK Corporate Governance Code and complies with the Listing Rules of the
Financial Services Authority and the relevant schedules of the Companies Act 2006 and the Directors’ Remuneration Report
Regulations in Schedule 8 to The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008.
These regulations require the Company’s auditors to report on the ‘Audited Information’ in the report and to state that this section
has been properly prepared in accordance with these regulations. For this reason, the report is divided into audited and unaudited
information, and is subject to shareholder approval at the Annual General Meeting (AGM) on 9 July 2013.
Approved by the Board
Steven Holliday, Chairman of the Remuneration Committee
London
20 May 2013