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24 Tesco PLC
Directors’ remuneration report continued
Table 3 Gains made on executive share options during the year
Number of shares at exercise price (pence)
151.66 176.66 164.0 178.0 179.42 173.0 209.5 Sub-total
Sir Terry Leahy 120,660(j) ––––––120,660
Mr R S Ager 299,904(c) 89,433(e) 26,831(e) 149,171(e) – 36,994(e) 182,528(e) 784,861
Mr R Brasher ––––––––
Mr P A Clarke – – 29,946(a) 146,991(a) – 277,170(a) – 454,107
Mr J Gildersleeve 504,999(g) 150,564(k) 56,100(k) 364,092(k) – 73,988(k) – 1,149,743
Mr A T Higginson – 373,584(m) 63,415(m) – – 76,301(m) – 513,300
Mr T J R Mason†– 149,076(d) 63,415(d) 255,796(d) – 87,861(d) – 556,148
Mr D T Potts – – 38,756(f) 288,730(f) – 199,827(f) – 527,313
Mr D E Reid – – 90,245(i) – 425,827(i) 117,920(i) – 633,992
Date exercisable 07.10.2000 21.05.2001 30.09.2001 28.01.2002 21.09.2002 30.11.2002 20.04.2003
Value Value
realisable realisable
Number of shares at exercise price (pence) 2005 2004
Sub-total b/f 205.0 247.0 259.0 197.5 Total £000 £000
Sir Terry Leahy 120,660––––120,660 162 610
Mr R S Ager 784,861 390,243(h) 323,886(h) 321,236(h) 455,696(h) 2,275,922 1,567 –
Mr R Brasher ––––––––
Mr P A Clarke 454,107 346,341(l) – – – 800,448 707 –
Mr J Gildersleeve 1,149,743 517,073(k) 429,149(k) 425,483(k) 604,557(k) 3,126,005 2,840 142
Mr A T Higginson 513,300 419,512(m) – – – 932,812 1,094 –
Mr T J R Mason†556,148 419,512(n) 11,500(b) – – 987,160 895 209
Mr D T Potts 527,313 360,975(f) – – – 888,288 846 –
Mr D E Reid 633,992 604,878(i) 502,024(i) 498,069(i) 707,848(i) 2,946,811 1,967 879
26.06.2003 26.04.2004 15.04.2005 14.04.2006
†Includes family interests
Market price
at exercise
Date of exercise (pence)
(a) 20.04.2004 256.5
(b) 25.05.2004 250.0
(c) 16.06.2004 260.0
(d) 12.08.2004 257.0
(e) 06.09.2004 270.0
(f) 21.09.2004 282.5
(g) 21.09.2004 282.0
(h) 21.09.2004 280.3
(i) 21.09.2004 280.0
(j) 30.09.2004 285.8
(k) 10.11.2004 295.0
(l) 16.11.2004 301.0
(m) 25.11.2004 305.5
(n) 09.12.2004 310.0
The value realisable from shares acquired on exercise is the difference between the market value at exercise and the exercise
price of the option, although the shares may have been retained. The share price at 26 February 2005 was 308.5p. The share
price during the 52 weeks to 26 February 2005 ranged from 241.0p to 323.25p.