Tesco 2013 Annual Report Download - page 70

66 Tesco PLC Annual Report and Financial Statements 2013
Directors’ remuneration report continued
Table 8 Directors’ interests in the Long Term Incentive Plan
Award date
Price on
award
(pence)
Number
of shares
as at
25 February
2012 Shares awarded Shares released
Number
of shares
as at
23 February
2013
Share price
on release
(pence)
Value realisable
£000 Release date
Laurie McIlwee 20.05.09 356.05 50,596 1,612 52,208 –311.125 162 20.05.12
• TheseshareswereawardedtoLaurieMcIlweeundertheseniormanagementbonusschemebeforehejoinedtheBoard.
Table 9 Disclosable interests of the Directors, including family interests
23 February 2013 (or at date of
retirement/resignation if earlier)
25 February 2012
(or on appointment if later)
Ordinary
shares1
Options
to acquire
ordinary
shares2
Ordinary
shares1
Options
to acquire
ordinary
shares2
Executive Directors
Richard Brasher31,258,619 3,501,665 1,258,585 3,501,665
Philip Clarke 1,829,467 5,251,60 0 1,832,007 4,352,977
Andrew Higginson3572,174 3,978,855 707,081 4,076,589
Tim Mason31,082,208 1,154,281 1,975,704 1,545,587
Laurie McIlwee 76,390 2,731,881 75,506 2,144,448
Lucy Neville-Rolfe3456,466 2,472,447 458,036 2,516,326
Non-executive Directors
Sir Richard Broadbent 53,996 –53,996 –
Gareth Bullock – – – –
Patrick Cescau 18,340 –18,340 –
Stuart Chambers 25,000 –5,500 –
Karen Cook3– – – –
Ken Hanna 25,000 –25,000 –
Ken Hydon360,093 –60,093 –
Deanna Oppenheimer352,500 –– –
Jacqueline Tammenoms Bakker 16,472 –16,472 –
Total 5,526,725 19,090,729 6,486,320 18,137,592
Ordinary shares
1 Ordinary shares shown in this table include shares awarded to Tim Mason under the Performance Share Plan shown in Table 5 which are subject to future performance conditions, shares
held by Tim Mason under the Executive Incentive Plan shown in Table 7 which are subject to a holding period, shares held under the Long Term Incentive Plan shown in Table 8 which are
subject to a holding period and shares held under the all-employee Share Incentive Plan which are subject to a holding period. Deanna Oppenheimer holds 17,500 Tesco American
Depositary Receipts which is equivalent to 52,500 Tesco ordinary shares of 5p.
Between 23 February 2013 and 30 April 2013, 88 shares were purchased by Executive Directors as part of the Buy As You Earn scheme. Buy As You Earn is an HMRC approved share
purchase scheme under which employees invest up to a limit of £110 on a four-weekly basis to buy shares in Tesco PLC at the market value. On 25 April 2013, Olivia Garfield, a Non-
executive Director appointed on 1 April 2013, purchased 4,086 ordinary shares. There have been no other changes in Directors’ Interests in Tesco PLC shares at the date of the publication
of this report.
Options over shares
2 Options to acquire ordinary shares shown in this table comprise options held under the Discretionary Share Option Plan shown in Table 3, Save As You Earn scheme shown in Table 4 and
nil cost options held under the Performance Share Plan and Executive Incentive Plan shown in Tables 5 and 7 respectively.
Appointments and leavers
3 The figures in this table are from the date of appointment or until the date that each Director ceased to be a Director of Tesco PLC.
Richard Brasher stepped down from the Board on 15 March 2012.
Andrew Higginson retired from the Board on 1 September 2012.
Tim Mason stepped down from the Board on 5 December 2012.
Lucy Neville-Rolfe retired from the Board on 2 January 2013.
Deanna Oppenheimer was appointed on 1 March 2012.
Karen Cook and Ken Hydon retired from the Board on 23 February 2013.