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STRATEGIC REVIEW PERFORMANCE REVIEW GOVERNANCE FINANCIAL STATEMENTSOVERVIEW
General information Directors’ remuneration reportBoard of Directors Principal risks and uncertainties Corporate governance
Table 5 Long Term Performance Share Plan
Date of
award/
grant
Share
price on
award
date
(pence)
As at
26 February
2011
Shares
awarded/
options
granted
in year
Shares
Exercised
Released
in year
Shares
lapsed
As at
25 February
2012
Date of
exercise/
release
Share
price on
exercise/
release
Value
realisable
£000
Date of
release/date
from which
exercisable Expiry date
Richard Brasher 14.11.2007 471.10 220,264 8,957 – – 229,221 – – – 14.07.2010 14.11.2017
08.07.2008 353.76 364,947 13,650 – 93,756 284,841 – – – 08.07.2011 08.07.2018
15.10.2009 374.00 340,901 13,864 – – 354,765 – – – 15.07.2012 15.10.2019
14.10.2010 433.90 290,844 11,827 – – 302,671 – – – 14.07.2013 14.10.2020
11.07.2011 407.19 – 476,767 – – 476,767 – – – 11.07.2014 11.07.2021
Total 1,216,956 525,065 – 93,756 1,648,265
Philip Clarke 08.07.2008 353.76 364,947 13,650 – 93,756 284,841 – – – 08.07.2011 08.07.2018
15.10.2009 374.00 340,901 13,864 – – 354,765 – – – 15.07.2012 15.10.2019
14.10.2010 433.90 290,844 11,827 – – 302,671 – – – 14.07.2013 14.10.2020
11.07.2011 407.19 – 752,331 – – 752,331 – – – 11.07.2014 11.07.2021
Total 996,692 791,672 – 93,756 1,694,608
Andrew Higginson 08.07.2008 353.76 364,947 13,650 – 93,756 284,841 – – – 08.07.2011 08.07.2018
15.10.2009 374.00 340,901 13,864 – – 354,765 – – – 15.07.2012 15.10.2019
14.10.2010 433.90 290,844 11,827 – – 302,671 – – – 14.07.2013 14.10.2020
11.07.2011 407.19 – 476,767 – – 476,767 – – – 11.07.2014 11.07.2021
Total 996,692 516,108 0 93,756 1,419,044
Tim Mason 08.07.2008 353.76 243,299 6,720 250,019 – 011.07.11 411.50 1,029 – –
15.10.2009 374.00 227,268 9,243 – – 236,511 –––15.07.2012 –
14.10.2010 433.90 193,896 7,885 – – 201,781 –––14.07.2013 –
11.07.2011 407.19 – 476,767 – – 476,767 –––11.07.2014 –
Total 664,463 500,615 250,019 – 915,059 1,029
Laurie McIlwee 08.07.2008 353.76 66,243 1,646 67,889 – 011.07.11 411.50 279 – –
15.10.2009 374.00 255,676 10,396 – – 266,072 – – – 15.07.2012 15.10.2019
14.10.2010 433.90 290,844 11,827 – – 302,671 – – – 14.07.2013 14.10.2020
11.07.2011 407.19 – 476,767 – – 476,767 – – – 11.07.2014 11.07.2021
Total 612,763 500,636 67,889 – 1,045,510 279
Lucy Neville-Rolfe 14.11.2007 471.10 144,619 5,880 – – 150,499 – – – 14.07.2010 14.11.2017
08.07.2008 353.76 255,464 9,554 – 65,629 199,389 – – – 08.07.2011 08.07.2018
15.10.2009 374.00 255,676 10,396 – – 266,072 – – – 15.07.2012 15.10.2019
14.10.2010 433.90 218,133 8,869 – – 227,002 – – – 14.07.2013 14.10.2020
11.07.2011 407.19 – 357, 575 – – 357,575 – – – 11.07.2014 11.07.2021
Total 873,892 392,274 – 65,629 1,200,537
David Potts 14.11.2007 471.10 220,264 6,083 226,347 – 014.07.11405.73918––
08.07.2008 353.76 364,947 10,079 281,270 93,756 014.07.11 405.73 1,141 – –
15.10.2009 374.00 340,901 13,864 – – 354,765 – – – 15.07.2012 15.10.2019
14.10.2010 433.90 290,844 11,827 – – 302,671 – – – 14.07.2013 14.10.2020
11.07.2011 407.19 – 476,767 – – 476,767 – – – 11.07.2014 11.07.2021
Total 1,216,956 518,620 507,617 93,756 1,134,203 2,059
Total 6,578,414 3,744,990 825,525 440,653 9,057,226 3,367
Performance Share Plan
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deliver shares. Laurie McIlwee was appointed on 27 January 2009. His 2008 award was made in the form of conditional shares under the senior management Performance Share Plan.
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Performance against targets
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=hekf¿HE9;jWh][jmWi')$)WdZj^[?dj[hdWj_edWbHE9;jWh][jmWi-$&$J^[=hekfHE9;\eh(&''%'(mWiWZ`kij[ZZemdjejWa[WYYekdje\j^[Z_iYedj_dk[Z@WfWd[i[Xki_d[ii$
7iWh[ikbj"=hekfjWh][ji\ehj^[\_hij-+e\j^[WmWhZm[h[fWhj_Wbboc[jWdZ,/$-e\j^[i[WmWhZim_bbl[ij_d@kbo(&'($J^[9ecc_jj[[Yedi_Z[h[Zj^[gkWb_joe\HE9;WdZ
Z[j[hc_d[Zj^Wjde[nY[fj_edWbY_hYkcijWdY[i[n_ijWdZj^[h[\eh[j^[h[cW_d_d](+Z_iYh[j_edWhofWhje\j^[WmWhZm_bbl[ij_db_d[m_j^j^[b[l[be\l[ij_d]\ehj^[\_hij-+e\j^[
award. The International ROCE for 2011/12 including the discontinued Japanese business did not meet targets and no part of these awards will vest inJuly 2012. The balance of the
awards will lapse.
 <ehFIFWmWhZi]hWdj[Zed'*EYjeX[h(&'&j^[=hekfHE9;jWh][ji\ehj^[\_hij-+e\j^[WmWhZWh['($+(+l[ij_d]je')$,'&&l[ij_d]$J^[?dj[hdWj_edWbHE9;
jWh][ji\ehj^[\_hij-+Wh[,$&(+l[ij_d]je-$+'&&l[ij_d]$J^[h[cW_d_d](+e\[WY^fehj_ede\j^[WmWhZl[ijiikX`[Yjjej^[9ecc_jj[[ÊiWii[iic[dje\j^[gkWb_jo
of ROCE performance.
Retired Directors
 Ded[mWmWhZim[h[cWZ[jeI_hJ[hhoB[W^o_dj^[o[Wh$?db_d[m_j^j^[fbWdhkb[i"I_hJ[hhoÊi(&&.WmWhZl[ij[Z_dj^[iWc[fhefehj_edWij^[ej^[h:_h[YjehiÊWmWhZiWXel[$
David Potts stepped down from the Board on 7 December 2011 but will remain employed by the Company until 30 June 2012. The figures for David Potts in this table are at
7 December 2011.
Tesco PLC Annual Report and Financial Statements 2012 83