Tesco 2003 Annual Report Download - page 19

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TESCO PLC 17
TABLE 4 Share options held by Directors and not exercised at 22 February 2003
Executive share options schemes (1984), (1994) and (1996) Number of shares at exercise price (pence)
70.0 (a) 104.0 98.3 (b) 151.7 (b) 176.7 164.0 178.0 Sub-total
Sir Terry Leahy –248,256 523,728 120,660 –126,832 –1,019,476
Mr D E Reid 11,427 –223,728 601,305 –90,245 –926,705
Mr R S Ager –––299,904 89,433 26,831 149,171 565,339
Mr P A Clarke –––––29,946 146,991 176,937
Mr J Gildersleeve ––122,034 504,999 150,564 56,100 364,092 1,197,789
Mr A T Higginson ––––373,584 63,415 –436,999
Mr T J R Mason –––198,669 167,076 63,415 270,796 699,956
Mr D T Potts –––––38,756 288,730 327,486
Date exercisable 10.06.1997 13.10.1998 03.07.1999 07.10.2000 21.05.2001 30.09.2001 28.01.2002
Number of shares at exercise price (pence)
Sub-total b/f 179.4 173.0 209.5 205.0 247.0 259.0(c) Total
Sir Terry Leahy 1,019,476 –228,901 17,673 780,487 647,773 642,471 3,336,781
Mr D E Reid 926,705 425,827 117,920 –604,878 502,024 498,069 3,075,423
Mr R S Ager 565,339 –36,994 182,528 390,243 323,886 321,236 1,820,226
Mr P A Clarke 176,937 –277,170 77,683 360,975 299,595 328,185 1,520,545
Mr J Gildersleeve 1,197,789 –73,988 –517,073 429,149 425,483 2,643,482
Mr A T Higginson 436,999 –76,301 –419,512 348,178 358,301 1,639,291
Mr T J R Mason 699,956 –87,861 –429,400 359,678 373,451 1,950,346
Mr D T Potts 327,486 –199,827 –360,975 299,595 328,185 1,516,068
Date exercisable 24.05.2002 30.11.2002 20.04.2003 26.06.2003 26.04.2004 15.04.2005
(a) In the case of Mr D E Reid, 100% of the options at 70.0p may be exercised at 59.7p, as targets related to growth in earnings per share in accordance
with ABI guidelines have been achieved.
(b) Date of expiry is seven years from date exercisable, with the exception of the 98.3p and 151.7p options which expire four years from date exercisable.
(c) Options granted in the year.
The performance criteria for share options set out on page 14 is audited information.
TABLE 5 Share options held by Directors and not exercised at 22 February 2003
Savings-related share option scheme (1981) Number of shares Value realisable
As at As at Exercise price 2003 2002
23 Feb 2002 Granted (a) Exercised
22 Feb 2003
pence £000 £000
Sir Terry Leahy 5,610 2,066 –7,676 151.0-198.0 –13
Mr D E Reid 8,864 2,066 5,670 5,260 151.0-198.0 3 13
Mr R S Ager 10,573 ––10,573 136.0-198.0 ––
Mr P A Clarke 11,067 2,066 3,969 9,164 136.0-198.0 2 7
Mr J Gildersleeve 12,444 1,188 8,505 5,127 151.0-198.0 4 –
Mr A T Higginson 5,610 2,066 –7,676 151.0-198.0 ––
Mr T J R Mason 25,885 4,132 19,272 10,745 151.0-198.0 23 –
Mr D T Potts 3,375 2,066 –5,441 159.0-198.0 ––
(a) Options granted include new family interests that fall to be reported during the year.
The subscription price for options granted during the year under the savings-related share option scheme was 159.0p and the
options mature in either 2006 (three-year scheme) or 2008 (five-year scheme). The shares relating to options exercised in the
year were all retained.