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138 Unilever Annual Report and Accounts 2005
Notes to the consolidated accounts
Unilever Group
31 Share-based compensation plans (continued)
(iv) Share Matching Plans
Under these plans managers can invest up to 25% of their gross bonus in Unilever shares. Unilever matches this with the same number of
shares on condition that all shares are held for the agreed period (three years from 2002 onwards), and that the manager has not resigned from
Unilever at the end of this period. North American managers participate in the North America Share Bonus Plan, the others in the Variable Pay
in Shares Plan. The amount to be paid to the company by participants to obtain the shares at vesting is zero.
A summary of the status of the Share Matching Plans as at 31 December 2005 and 2004 and changes during the years ended on these dates is
presented below:
2005 2004
Number of Number of
shares shares
NV shares of €0.51
Outstanding at 1 January 440 088 373 846
Awarded 46 817 85 789
Vested (163 259) (12 115)
Forfeited (9 968) (7 432)
Outstanding at 31 December 313 678 440 088
Exercisable at 31 December ––
PLC shares of 1.4p
Outstanding at 1 January 3 083 809 2 594 187
Awarded 350 982 630 832
Vested (1 189 996) (90 113)
Forfeited (68 975) (51 097)
Outstanding at 31 December 2 175 820 3 083 809
Exercisable at 31 December ––
NV New York shares of €0.51
Outstanding at 1 January 221 707 167 156
Awarded 49 751 57 504
Vested (95 477) (143)
Forfeited (13 846) (2 810)
Outstanding at 31 December 162 135 221 707
Exercisable at 31 December ––
PLC shares of 1.4p in the form of ADRs(f)
Outstanding at 1 January 1 506 152 1 133 728
Awarded 342 394 392 440
Vested (655 603) (992)
Forfeited (93 262) (19 024)
Outstanding at 31 December 1 099 681 1 506 152
Exercisable at 31 December ––
(f) 1 ADR is equivalent to 4 PLC shares.
2005 2004
NV share award value information(h)
Fair value per share award
NV/PLC Plan €51.15 €54.72
North America Programme $67.14 $70.30
PLC share award value information(h)
Fair value per share award
NV/PLC Plan £5.12 £5.29
North America Programme $9.74 $10.34
(h) Weighted average of share awards granted during each period.