Unilever 2006 Annual Report Download - page 59

56 Unilever Annual Report and Accounts 2006
Report of the Directors (continued)
Report of the Remuneration Committee (continued)
Executive Directors’ Global Performance Share Plan
The following conditional shares were outstanding, awarded or vested during 2006 under the Global Performance Share Plan:
Balance of
Balance of conditional Conditional grant made 21 March 2006 conditional shares at
shares at 1 January 2006 (Performance period 2006 to 2008)(b) 31 December 2006
Share type No. of shares(a) No. of shares(a) Price at award(a) No. of shares
Patrick Cescau NV 9 000 9 000 €19.10 18 000
PLC 9 000 9 000 1 301.11p 18 000
Kees van der Graaf NV 6 000 6 000 €19.10 12 000
PLC 6 075 6 075 1 301.11p 12 150
Ralph Kugler NV 6 000 6 000 €19.10 12 000
PLC 6 075 6 075 1 301.11p 12 150
Rudy Markham NV 6 000 6 000 €19.10 12 000
PLC 6 075 6 075 1 301.11p 12 150
(a) Number of shares and share prices have been recalculated following the share split and consolidation.
(b) Each award of performance shares is conditional and vests subject to certain conditions three years after the date of the award. The 2006
awards are subject to the performance period 1 January 2006 to 31 December 2008.
Executive Directors’ conditional share awards under the TSR Long-Term Incentive Plan
Conditional rights to ordinary shares in NV and PLC were outstanding, granted or vested/lapsed in 2006 as shown in the table below:
Balance of Balance of
conditional Conditional award Conditional awards conditional
shares made 21 March 2006 lapsed 25 March 2006 shares at
at 1 January (Performance period (Performance period 31 December
2006 2006 to 2008)(a) 2003 to 2005)(b) 2006
Original
Share No. of No. of Price at No. of price No. of
type shares(c) shares(c) award(c) shares(c) at award(c) shares
Patrick Cescau NV 51 144 20 943 €19.10 (13 611) €18.37 58 476
PLC 52 118 21 326 1301.11p (12 995) 1 300p 60 449
Kees van der Graaf NV 31 281 13 089 €19.10 (8 169) €18.37 36 201
PLC 31 888 13 329 1 301.11p (7 795) 1 300p 37 422
Ralph Kugler NV 31 281 13 089 €19.10 (8 169) €18.37 36 201
PLC 31 888 13 329 1 301.11p (7 795) 1 300p 37 422
Rudy Markham NV 42 267 13 089 €19.10 (13 611) €18.37 41 745
PLC 42 845 13 329 1 301.11p (12 995) 1 300p 43 179
(a) The end date of the performance period in respect of the conditional award made in 2006 is 31 December 2008.
(b) The conditional awards made in 2003, which vested in 2006 were based on the TSR performance of Unilever (when ranked against its
defined peer group) over the three-year performance period ending 31 December 2005. For this period, Unilever was ranked 14 out of
its peer group and therefore no vesting occurred for this award in March 2006 and the awarded shares of the award 2003 lapsed.
(c) The numbers of shares and prices have been converted following the share split and share consolidation which took place on 22 May 2006.
Antony Burgmans changed from Executive to Non-Executive Director at the 2005 AGMs and assumed his new role of Non-Executive
Chairman. In his capacity as an Executive Director Antony Burgmans was granted conditional shares under the TSR Long-Term
Incentive Plan.
Below are details of the balances and vesting of shares under this Plan:
Conditional
Balance award lapsed Balance
1January 25 March 31 December
2006(a) 2006(a)(b) 2006
NV 43 962 (21 780) 22 182
PLC 43 814 (20 790) 23 024
(a) The number of shares and prices have been converted following the share split and share consolidation which took place on 22 May 2006.
(b) The conditional shares awarded in 2003 lapsed in March 2006.
In his capacity as a Non-Executive Chairman, Antony Burgmans does not participate in any share-based remuneration.