Ryanair 2011 Annual Report Download - page 176

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174
benefits have been calculated as at the year-end in accordance with version 1.1 of Actuarial Standard of Practice
PEN-11.
(d) Shares and share options
(i) Shares
Ryanair Holdings plc is listed on the Irish, London and NASDAQ stock exchanges.
The beneficial interests as at March 31, 2011, 2010 and 2009 of the directors and of their spouses and
minor children in the share capital of the Company are as follows:
No. of Shares at March 31,
2011 2010 2009
David Bonderman
................................
................................
................................
13,230,671
13,230,671
14,117,360
Michael O’Leary
................................
................................
................................
55,081,256
60,000,016
65,000,016
James R. Osborne ................................................................
................................
1,010,256 1,410,256 1,410,256
Kyran McLaughlin ................................................................
................................
200,000 200,000 200,000
Michael Horgan ................................................................
................................
50,000 50,000 50,000
Paolo Pietrogrande ................................................................
................................
20,000 - -
(ii) Share options
The share options held by each director in office at the end of fiscal 2011 were as follows:
No. of Options at March 31,
2011 2010 2009
David Bonderman (c) ................................................................
................................
25,000
25,000 25,000
Michael Horgan (c) ................................................................
................................
25,000
25,000
25,000
Klaus Kirchberger (a)(c) ................................................................
................................
25,000
25,000 75,000
Kyran McLaughlin (c) ................................................................
................................
25,000
25,000 25,000
Michael O’Leary (b) ................................................................
................................
-
102,037 102,037
James R. Osborne (c) ................................................................
................................
25,000
25,000 25,000
Paolo Pietrogrande (c) ................................................................
................................
25,000
25,000 25,000
______________
(a) These options were granted to these directors at an exercise price of 12.83 (the market value at the date of grant) during
the year ended March 31, 2003 and were exercised in June 2009.
(b) These options were granted to Michael O’Leary as follows: 35,402 in fiscal 2003 at 12.86 and 45,838 in fiscal 2004 at
12.21 and 20,797 in fiscal 2008 at 14.86 (the market values at the dates of grant), in all cases under the 2003 share
option plan; these were exercisable between 2008 and 2010. On June 18, 2010, Michael O’Leary exercised 35,402
options at 12.86 and on July 27, 2010, exercised 45,838 options at 12.21. The 20,797 options granted in fiscal 2008 at
14.86 lapsed on July 31, 2010.
(c) These options were granted to these directors at an exercise price of 14.96 (the market value at the date of grant) during
the 2008 fiscal year and are exercisable between June 2013 and June 2015.
Directors not referred to above held no shares or share options.
In the 2011 fiscal year the Company incurred total share-based compensation expense of 10.05 million
(2010: 10.05 million; 2009: 10.05 million) in relation to directors.