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146 Unilever Annual Report and Accounts 2004
Notes to the consolidated accounts
Unilever Group
30 Share-based compensation plans (continued)
The Restricted Share Plan
In specific one-off cases a number of executives are awarded the right to receive NV and PLC shares at a specified date in the future, on the
condition that they are still employed by Unilever at that time.
A summary of the status of the Restricted Share Plan as at 31 December 2004, 2003 and 2002 and changes during the years ended on these
dates is presented below:
2004 2003 2002
Weighted Weighted Weighted
Number of average Number of average Number of average
shares price shares price shares price
NV shares of €0.51
Outstanding at 1 January 40 498 €0.00 250 607 €0.00 381 328 €0.00
Awarded 7 595 €0.00 48 269 €0.00 37 380 €0.00
Exercised (380) €0.00 (258 378) €0.00 (160 405) €0.00
Forfeited –– – – (7 696) €0.00
Outstanding at 31 December 47 713 €0.00 40 498 €0.00 250 607 €0.00
PLC shares of 1.4p
Outstanding at 1 January 216 382 £0.00 1 854 816 £0.00 2 815 138 £0.00
Awarded 13 681 £0.00 275 848 £0.00 275 502 £0.00
Exercised (2 502) £0.00 (1 914 282) £0.00 (1 178 708) £0.00
Forfeited –– – – (57 116) £0.00
Outstanding at 31 December 227 561 £0.00 216 382 £0.00 1 854 816 £0.00
2004 2003 2002
NV share award value information(b)
Fair value per share award €53.43 €52.48 €64.21
PLC share award value information(b)
Fair value per share award £5.30 £5.32 £5.65
(b) Weighted average of share awards granted during each period.
Other plans
During 2004 Unilever has offered a special cash award to selected senior managers with the purpose of retaining them. This cash-settled
share-based plan provides a payment after three years, on the condition of continued employment with the Group.
A summary of the status of the other plans as at 31 December 2004 and changes during the year then ended is presented below:
2004
Weighted
Number of average
shares price
NV €0.51 share substitute
Outstanding at 1 January ––
Awarded 300 000 €0.00
Exercised ––
Forfeited ––
Outstanding at 31 December 300 000 €0.00
PLC 1.4p share substitute
Outstanding at 1 January ––
Awarded 2 000 000 £0.00
Exercised ––
Forfeited ––
Outstanding at 31 December 2 000 000 £0.00