Peachtree 2012 Annual Report Download - page 74

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Remuneration report continued
All-employee share scheme (audited information)
In relation to the SAYE Scheme, the outstanding options granted to each director of the Company are as follows:
Director
Shares under
option at
30 September
2012
number
P S Harrison 149.00p 6,140 – (6,140) – – 1 August 2012 – 31 January 2013
201.00p – 4,477 – – 4,477 1 August 2015 – 31 January 2016
Total 6,140 4,477 (6,140) – 4,477
Notes:
• These options are not subject to performance conditions since these do not apply to this type of all-employee share scheme.
• Under the PEE referred to in the paragraph headed “All-employee share schemes” above, Mr Berruyer held units in a French mutual fund which holds, inter-alia shares in the
Company. The units must be held for no less than 5 years (except in limited circumstances). Having ceased to be employed in France 10,234 units and 4,755 units in the fund were
realised on Mr Berruyer’s behalf on 20 February 2012 and 6 March 2012 at values of 4.39 and 4.37 Euros per unit respectively.
Performance Share Plan (audited information)
The outstanding awards granted to each director of the Company under the Performance Share Plan are as follows:
Director
Awarded
30 September
2012
number
G S Berruyer 745,649 – (457,037) (288,612) – 8 March 2012
507,280 – – – 507,280 4 March 2013
737,795 – – – 737,795 10 March 2014
– 476,062 – – 476,062 12 March 2015
1,990,724 476,062 (457,037) (288,612) 1,721,137
D H Clayton 438,282 – (268,637) (169,645) – 8 March 2012
303,593 – – (303,593) – 4 March 2013
264,053 – – (264,053) – 10 March 2014
1,005,928 – (268,637) (737,291) –
P S Harrison 438,282 – (268,637) (169,645) – 8 March 2012
325,278 – – – 325,278 4 March 2013
314,349 – – – 314,349 10 March 2014
– 293,103 – – 293,103 12 March 2015
1,077,909 293,103 (268,637) (169,645) 932,730
Total 4,074,561 769,165 (994,311) (1,195,548) 2,653,867
Notes:
• No variations were made in the terms of the awards in the year.
• The market price of a share on 12 March 2012, the date of the awards made in the year ended 30 September 2012 was 297.90p.
• The market price of a share on 8 March 2012, the date the above awards vested in the year ended 30 September 2012 was 298.60p. The market price of a share on 3 March 2009,
the date on which these awards were granted was 162.10p.
• The vesting of awards granted prior to 2009 under the Performance Share Plan is subject to performance conditions measuring the Group’s total shareholder return (“TSR”) against
a comparator group. For awards made in March 2008, 25% of shares vest for median TSR performance as compared to that group whilst all shares vest for upper quintile (top 20%)
TSR performance. Between those points, shares will vest on a straight-line basis. The performance condition for awards made in March 2009, 2010 and 2011 is set out on page 67.
• Mr D H Clayton ceased to be a director of the company on 29 February 2012.
• For awards made in 2009, TSR performance was such that 56% of the shares originally awarded to executive directors vested.
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