Marks and Spencer 2015 Annual Report Download - page 73

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OUR PERFORMANCEFINANCIAL STATEMENTS GOVERNANCE OUR BUSINESS
71
ANNUAL REPORT AND FINANCIAL STATEMENTS 2015
Date
of grant
Maximum
receivable at
30 March 2014
(or date of
appointment)
Awarded
during
the year
Exercised
during
the year
Lapsed
during
the year
Maximum
receivable at
28 March 2015
(or date of
retirement)
Option
price
(p)
Share
price
on date
of grant
(p)
Share
price on
date of
exercise
(p)
Exercise period/
vesting date
Steve Rowe
Performance Share Plan125/07/11 205,243 – 15,598 189,645 – 0.0 354.7 424.4 –
18/06/12 232,912 – – – 232,912 0.0 325.1 – 18/06/15 – 17/06/22
24/06/13 300,343 – – – 300,343 0.0 437.0 – 24/06/16 – 23/06/23
23/06/14 – 300,343 – – 300,343 0.0 437.0 – 23/06/17 – 22/06/24
Deferred Share Bonus Plan 09/06/11 41,844 – 41,844 – – 0.0 378.4 453.2 –
18/06/12 32,753 – – – 32,753 0.0 325.1 – 18/06/15 – 17/06/22
24/06/13 50,457 – – – 50,457 0.0 437.0 – 24/06/16 – 23/06/23
Executive Share Option Scheme 20/07/04 31,699 – 31,699 – – 347.0 347.0 453.2 –
SAYE 21/11/13 2,222 – – – 2,222 405.0 505.6 – 01/01/17 – 30/06/17
Total 897,473 300,343 89,141 189,645 919,030
Alan Stewart3
Performance Share Plan125/07/11 387,651 – – 358,190 29,461 0.0 354.7 – 25/07/14 – 22/09/14
18/06/12 436 ,019 – – 436,019 – 0.0 325.1 – –
24/06/13 331,235 – – 331,235 – 0.0 437.0 – –
23/0 6/14 – 331, 235 – 331,235 – - 437.0 – –
Deferred Share Bonus Plan 09/06/11 39,789 – – – 39,789 0.0 378.4 – 09/06/14 – 22/09/14
18/06/12 53,194 – – 53,194 – 0.0 325.1 – –
24/06/13 56,310 – – 56,310 – 0.0 437.0 – –
SAYE 24/11/11 3,488 – – 3,488 – 258.0 322.4 – –
Total 1,307,686 331,235 – 1,569,671 69,250
Laura Wade-Gery4
Performance Share Plan1 25/07/11 444,037 – 33,746 410,291 – 0.0 354.7 471.0 –
18/06/12 416,025 – – – 416,025 0.0 325.1 – 18/06/15 – 17/06/22
24/06/13 315,789 – – – 315,789 0.0 437.0 – 24/06/16 – 23/06/23
23/06/14 – 315,789 – – 315,789 0.0 437.0 – 23/06/17 – 22/06/24
Deferred Share Bonus Plan 18/06/12 37,442 – – – 37,442 0.0 325.1 – 18/06/15 – 17/06/22
24/06/13 53,684 – – – 53,684 0.0 437.0 – 24/06/16 – 23/06/23
Restricted Share Plan425/07/11 126 ,225 – 126,225 – – 0.0 354.7 471.0 –
25/07/11 77,677 – 77,677 – – 0.0 354.7 471.0 –
Total 1,470,879 315,789 237,648 410,291 1,138,729
1. The number of options/conditional shares shown under the Performance Share Plan is the maximum (100%) number that could be receivable by the executive director if the performance
co n di tio n s are f ully met. T h e 2011 award vested in July 2014 at 7.6% . 4 .7% ofthe 2012 award w ill ves t in June 2015 (D e ce mb er 2015 for Patrick Bousquet-Chavanne) as set out on page 66.
2. Patrick Bousquet-Chavanne’s awards are structured as conditional shares. His RSP award was made prior to his appointment to executive director.
3. Alan Stewart resigned from the Board on 10 July 2014 and left the Company on 22September 2014. Details of his leaving arrangements are set out on page 73. Awards made in 2012, 2013
and 2014 and his SAYE award all lapsed on leaving the Company. For transparency, these are shown in the ‘lapsed during the year’ column. PSP and DSBP awards made in 2011 vested and
were exercisable until he left the Company. These were exercised after he resigned from the Board (but before he left the Company) and so do not appear in the ‘exercised during the
year’ column.
4. Laura Wade-Gery’s RSP award was made in connection to her appointment to executive director to compensate her for incentive awa rds that were fo r fe i ted on cessation from h e r
previous employer.
The aggregate gains of directors arising in the year from the exercise of options granted under the PSP, DSBP, RSP, ESOS and SAYE totalled £2,976,739.
The market price of the shares at the end of the fi nancial year was 530.0p; the highest and lowest share price during the fi nancial year were 542.0p and 383.9p respectively.
EXECUTIVE DIRECTORS’ REMUNERATION CONTINUED