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Remumeration report
Table 10 Directors’ interests in the Long-Term Incentive Plan1
Number of Number of Value of
shares as at shares as at shares Market price
Year of Award 28 February Shares Shares 27 February released Release on release
release date 2009 awarded released 2010 £000 date3 (pence)
Philip Clarke 2010 09.04.03 252,901 40,811 293,712 – 1,258 18.02.10 428.275
2011 04.05.04 208,291 63,849 272,140 – 1,166 18.02.10 428.275
Total 461,192 104,660 565,852 – 2,424
Andrew Higginson 2010 09.04.03 264,143 42,625 306,768 – 1,314 18.02.10 428.275
2011 04.05.04 208,291 63,849 272,140 – 1,166 18.02.10 428.275
Total 472,434 106,474 578,908 – 2,480
Sir Terry Leahy 2010 09.04.03 474,135 76,512 550,647 – 2,358 18.02.10 428.275
2011 04.05.04 367,350 112,609 479,959 – 2,056 18.02.10 428.275
Total 841,485 189,121 1,030,606 – 4,414
Tim Mason 2010 09.04.03 264,143 42,625 306,768 – 1,314 18.02.10 428.275
2011 04.05.04 208,291 63,849 272,140 – 1,166 18.02.10 428.275
Total 472,434 106,474 578,908 – 2,480
Laurie McIlwee2,3,4 2010 24.05.07 58,863 1,902 24,914 35,851 104 24.05.10 –
2011 21.05.08 62,383 2,206 26,482 38,107 110 21.05.11 –
2012 20.05.09 – 80,230 32,894 47,336 137 20.05.12 –
Total 121,246 84,338 84,290 121,294 351
David Potts 2010 09.04.03 252,901 40,811 293,712 – 1,258 18.02.10 428.275
2011 04.05.04 208,291 63,849 272,140 – 1,166 18.02.10 428.275
Total 461,192 104,660 565,852 – 2,424
Total 2,829,983 695,727 3,404,416 121,294 14,573
1 This Plan has been replaced by the Performance Share Plan and Executive Incentive Plan.
2 Bonus shares shown for Laurie McIlwee were awarded under the senior management bonus scheme before he joined the Board. These shares cannot be retained for an additional
three year period and enhanced.
3 Following approval by the Remuneration Committee, all remaining shares awarded under this plan were released, and executives were allowed to sell a sufficient number of shares to
cover the tax liability due on release. Executives agreed not to sell the post tax number of shares until the original release date.
4 Following approval by the Remuneration Committee, Laurie McIlwee surrendered his conditional shares for an equivalent number of restricted shares on 25 February 2010, and sold
sufficient shares to cover the tax liability due. The post tax number of shares for each award remains subject to the original holding period. The share price on 25 February 2010 was
416.175p and the total value of shares sold to settle the tax liability was £351,278.
Date of award 09.04.03 04.05.04 24.05.07 21.05.08 20.05.09
Award price (pence) 197.25 248.75 456.63 415.45 356.05
Tesco PLC Annual Report and Financial Statements 2010 65