Unilever 2011 Annual Report Download - page 60

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57
Share Matching Plan (audited)
Balance of
conditional shares
at 1 January 2011
Conditional shares
awarded in 2011(a)
Balance of
conditional shares at
31 December 2011
Share type No. of shares No. of shares Price at award No. of shares
Paul Polman NV 12,897(b) 9,932 €21.59 22,829
PLC 12,897(b) 9,932 £18.35 22,829
Jean-Marc Huët NV – 5,047 €21.59 5,047
PLC – 5,047 £18.35 5,047
(a) Each award of matching shares is conditional and vests three years after the date of the award subject to continued employment and maintenance of the
underlying bonus shares. The Committee considers that there is no need for further performance conditions on the vesting of the matching shares because
the number of shares is directly linked to the annual bonus (which is itself subject to demanding performance conditions). In addition, during the vesting
period the share price of NV and PLC is influenced by the performance of Unilever. The 2011 award was made at grant date 14 March 2011.
(b) Of which 3,413 shares awarded on 19 March 2009 and 9,484 shares on 18 March 2010.
Global Share Incentive Plan (audited)
The following conditional shares were granted during 2011 and outstanding at 31 December 2011 under the Global Share Incentive Plan:
Balance of
conditional
shares at
1January
2011
Conditional
shares awarded
in 2011(a)
Balance of
conditional shares
at 31 December
2011
Share type
Original
award
Dividend
shares
accrued in
prior years
(Performance
period 1 January
2011 to
31December
2013)
Price at
award
Dividend
shares
accrued
during the
year (c)
Vested
in
2011(d)
Lapsed
in 2011
Price at
vesting
Paul Polman NV 172,099(b) 1,219 47,173 €21.59 3,176 54,640 (4,112) €24.60 164,915
PLC 172,099(b) 1,410 47,173 £18.35 3,588 54,640 (4,112) £20.77 165,518
Jean-Marc Huët NV 30,906(c) 854 32,665 €21.59 2,214 – 66,639
PLC 30,906(c) 987 32,665 £18.35 2,500 – 67,058
(a) Each award of conditional shares vests three years after the date of the award, subject to performance conditions as set out on page 52. The 2011 award was
made at grant date 14 March 2011.
(b) This includes a grant of 58,752 of each of Unilever NV and PLC shares made on 6 November 2008, a grant of 69,210 of each of Unilever NV and PLC shares
made on 19 March 2009 and a grant of 44,137 of each of Unilever NV and PLC shares made on 18 March 2010. The first grant vested on 6 November 2011, the
second and third grant will vest on 19 March 2012 and 18 March 2013 respectively.
(c) This grant was made on 18 March 2010 and will vest on 18 March 2013.
(d) The 6 November 2008 grant vested on 6 November 2011 at 93%.
Both Paul Polman and Jean-Marc Huët received a one-off restricted stock award on joining Unilever under the GSIP. Details of
balances, grants and vesting during 2011 are shown below.
Balance of
shares at
1 January
2011 Granted in 2011 Vesting in 2011
Balance of
shares at
31 December
2011
Share type No. of shares Price at award No. of shares Price at vesting No. of shares
Paul Polman(a) NV 22,551 – – 22,551 €24.60 –
PLC 22,551 – – 22,551 £20.77 –
Jean-Marc Huët(b) NV 65,650 – – 21,883 €21.22 43,767
PLC 65,650 – – 21,883 £18.20 43,767
(a) Vesting on 6 November 2011 of remaining 1/3 of original award (made 6 November 2008 at €18.93 and £14.39). The first 1/3 of the original award vested on 6
November 2009. The second 1/3 of the original award vested on 6 November 2010.
(b) Vesting on 18 March 2011 of 1/3 of original award (made 18 March 2010 at €22.53 and £19.44). The second and third 1/3 of the original award will vest on 18
March 2012 and 18 March 2013 respectively.
Share Save Plan (audited)
Options under the PLC Share Save Plan are subject to five-year vesting periods and vesting is contingent on continued employment with Unilever.
Share type
Balance of
options at
1 January 2011(a)
Granted
in 2011
Balance of
options at
31 December 2011
First
exercisable date
Final
expiry date
Paul Polman PLC 1,042 – 1,042 01/10/2014 01/04/2015
(a) Option price at grant was £14.92.
Unilever Annual Report and Accounts 2011
Report of the Directors Governance