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OTHER IMPLEMENTATION INFORMATION FOR 2015
SHEME INTERESTS AWARDED IN THE YEAR (AUDITED)
PLAN BASIS OF AWARD MAXIMUM FAE
VALUE OF
AWARDS
THRESHOLD
VESTIN (% OF
TARET AWARD)
PERFORMANE
PERIOD
DETAILS OF
PERFORMANE
MEASURES
MIP
ondtonal
matchng share
award made on
13 February 2015
Based on the level of
2014 bonus pad n 2015
nvested by the EO
and FO
The followng numbers
of matchng shares
were awarded on
13 February 2015(a)
EO
PL – 0
NV – 29,128
FO
PL – 2,839
NV – 2,839
Maxmum vestng
results n 150% of
target awards vestng
EO
£1,173,635(b)
FO
The award of the
FO lapsed n full
on hs departure
on 1 October 2015
Four equally
weghted long-term
performance
measures For the
three busness-
focused metrcs, 25%
of the target award
vests for threshold
performance For the
TSR measure, 50%
of the target award
vests for threshold
performance
1 January 2015 –
31 December 2017 Subect to four equally
weghted performance
measures(c)
• underlyng sales
growth
• core operatng
margn
mprovement
• cumulatve
operatng cash
flow and
• relatve total
shareholder return
Further detals are set
out on pages 70 to 71
SIP
ondtonal share
award made on
13 February 2015
The EO receved a
target award of 200%
of base salary
EO
PL – 36,497
NV – 36,497
The FO receved a
target award of 175%
of base salary
FO
PL – 22,576
NV – 22,576
Maxmum vestng
results n 200% of
target awards vestng,
whch translates to a
maxmum vestng of
400% of base salary for
the EO and 350% of
base salary for the FO
EO
£3,996,536(b)
FO
The award of the
FO lapsed n full
on hs departure
on 1 October 2015
As above As above As above
(a) Under MIP, Executve Drectors are able to choose whether they nvest n PL or NV shares or a 50/50 mx Executve Drectors receve a correspondng
number of performance-related matchng shares Matchng shares wll be awarded n the same form as the nvestment shares (e n PL or NV shares or
a 50/50 mx) On 13 February 2015, the EO nvested 60% (£799,920) and the FO nvested 25% (£157,080) of ther 2014 bonus n MIP nvestment shares
The EO elected to nvest fully n NV shares The FO elected to receve a 50/50 mx of PL/NV shares
(b) The face values ncluded n ths table are calculated by multplyng the number of shares granted on 13 February 2015 by the share prce on that day of
PL £2789 and NV 3703 respectvely, assumng maxmum performance and therefore maxmum vestng of 200% for SIP and 150% for MIP and then
translatng nto sterlng usng an average exchange rate over 2015 of 1 = £07254
(c) The actual targets for the three busness-focused performance measures for the 2015 MIP and SIP awards have not been dsclosed up front as the
Boards deem ths to be commercally senstve nformaton as targets could reveal nformaton about Unlever’s busness plan and budgetng process
to compettors, whch could be damagng to Unlever’s busness nterests and therefore to shareholders Targets wll be dsclosed n the Drectors’
Remuneraton Report followng the end of the relevant performance perod
75Unilever Annual Report and Accounts 2015 Governance