Unilever 1999 Annual Report Download - page 38

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Unilever Group Directors’ remuneration and interests
Report to the shareholders (continued)
Directors’ interests: share options (continued)
All share options are exercisable at a range of dates between 2000 and 2009 (see note 20 on page 21). No options lapsed unexercised
during the year. The market price of the ordinary shares at the end of the year was for NV Fl. 120.78 and US $ 54.44 and for PLC 456p
and US $ 7.56, and the range during the year was between Fl. 107.98 and Fl. 163.07 and US $ 49.50 and US $ 88.25, and between
401p and 695p and US $ 6.45 and US $ 11.67 respectively. Options outstanding above and below the market prices at 31 December
1999 are set out in the table on page 37.
Notes:
Note
number
Number of
shares
Exercise
price
Market price
at date of
exercise
(1) On election as director
(2) all Fl. 139.95
(3) all Fl. 140.27
(4) all 555p
(5) all 514p
(6) 6 252 Fl. 48.00 Fl. 138.37
(7) 1 876 Fl. 48.00 Fl. 138.35
9 648 Fl. 48.70 Fl. 138.35
(8) 1 876 Fl. 48.00 Fl. 138.35
4 312 Fl. 48.70 Fl. 138.35
4 772 Fl. 50.30 Fl. 140.49
(9) On date of retirement
The exercise of all options under the NV Executive Share Option Scheme and North American Executive Stock Option Plan has always
been satisfied by the transfer of shares purchased in the market at the time of grant and held until exercise. The same practice has been
adopted in respect of the PLC 1985 Sharesave and Executive Share Option Schemes for grants made from 1990 onwards and in respect
of the NV Employee Share Option Scheme and the North American Employee Stock Purchase Plan from their inceptions during 1995. The
Board has continued the same practice with the Unilever PLC International 1997 Executive Share Option Scheme. During 1999,
2 803 641 NV shares and 17 732 079 PLC shares were purchased in the market in respect of options granted under these schemes, and
782 480 NV shares and 6 558 181 PLC shares to bring the number of shares back to the level before the share consolidation.
38 Unilever Annual Accounts 1999