Unilever 2003 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 of the 2003 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 169

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169

Remuneration report – detailed information
Directors’ Share Matching Plan
The following conditional shares were outstanding, awarded or vested during 2003 under the share matching plan:
Balance of Balance of
conditional conditional
shares at Conditional shares shares at
1 Jan 2003 awarded in 2003(1) Shares vested during 2003(2) 31 Dec 2003
Share No. of No. of Price at No. of Market price Original price No. of
type shares shares award shares at vesting at award shares
A Burgmans NV 3 635 2 361 €55.10 382 €52.60 €60.90 5 614
PLC 26 592 15 022 585p 2 704 566p 564p 38 910
N W A FitzGerald NV 5 511 2 714 €55.10 671 €52.60 €60.90 7 554
PLC 40 581 17 275 585p 4 749 566p 564p 53 107
A C Butler NV 2 439 1 370 €55.10 0 3 809
PLC 18 091 8 718 585p 0 26 809
P J Cescau NV 2 403 1 902 €55.10 0 4 305
PLC 17 471 12 108 585p 0 29 579
K B Dadiseth NV 1 752 1 699 €55.10 0 3 451
PLC 12 499 10 812 585p 0 23 311
A R van Heemstra NV 1 953 1 180 €55.10 0 3 133
PLC 14 174 7 506 585p 0 21 680
R H P Markham NV 2 598 1 494 €55.10 0 4 092
PLC 19 173 9 486 585p 0 28 659
C B Strauss NV 4 157 1 144 €55.10 0 5 301
PLC 30 014 7 276 585p 0 37 290
(1) Each award of matching shares is conditional and vests three years after the date of the award in question subject to certain conditions.
The 2003 awards were made on 25 March 2003 (relating to the 2002 performance period) and will vest on 24 March 2006.
(2) The conditional shares awarded on 3 March 1998 (relating to the 1997 performance period) vested on 2 March 2003.
The closing market prices of ordinary shares at 31 December 2003 were €51.85 (NV shares) and 521p (PLC shares). During 2003 the highest
market prices were €59.95 and 628p respectively, and the lowest market prices were €45.81 and 475p respectively.
62 Unilever Annual Report & Accounts and Form 20-F 2003