Unilever 2015 Annual Report Download - page 83

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MINIMUM SHAREHOLDIN REQUIREMENT AND EXEUTIVE DIRETOR SHARE INTERESTS (UNAUDITED)
The table below shows the Executve Drectors’ share ownershp aganst the mnmum shareholdng requrements as at 31 December
2015 and the nterest n NV and PL ordnary shares of Executve Drectors and ther connected persons as at 31 December 2015
When calculatng an Executve Drector’s personal shareholdng the followng methodology s used
• Base salary at the date of measurement
• Shares n ether Unlever PL or Unlever NV (or a combnaton of both) wll qualfy provded they are personally owned by
the Executve Drector or by a member of hs (mmedate) famly (‘connected person’)
• Shares purchased under the MIP from the annual bonus wll qualfy as from the moment of purchase as these are held n
the ndvdual’s name and are not subect to further restrctons
• Shares or enttlements to shares that are subect only to the Drector remanng n employment wll qualfy on a net of tax bass
• Shares awarded on a condtonal bass by way of the SIP, or the MIP, wll not qualfy untl the moment of vestng (e once
the precse number of shares s fxed after the three-year vestng perod has elapsed)
• The shares wll be valued on the date of measurement or, f that outcome fals the personal shareholdng test, on the date
of acquston The share prce for the relevant measurement date wll be based on the average closng share prces and the
euro/sterlng/US dollar exchange rates from the 60 calendar days pror to the measurement date
Executve Drectors are requred to hold shares to the value of 100% of ther shareholdng requrement for 12 months post cessaton
of employment at Unlever, and 50% of these shares for 24 months post cessaton of employment wth Unlever
All ULE members are requred to buld a shareholdng of 300% of base salary Ths requrement s 150% of base salary for the ‘Top 100’
management layer below ULE
EXEUTIVE DIRETORS’ AND THEIR ONNETED PERSONS’ INTERESTS IN SHARES AND SHARE OWNERSHIP (AUDITED)
Share ownershp
gudelne as % of
base salary
Have gudelnes
been met
Actual share
ownershp (as a %
of base salary)(a)
Shares held as at
1 January 2015(b)
Shares held as at
31 December 2015(b)
NV PL NV PL
EO Paul Polman 400 yes 2,755 486,191 287,296 655,307 297,008
FO Jean-Marc Hut 300 n/a n/a 118,050 118,559 145,034(c) 145,840(c)(d)
(a) alculated based on the mnmum shareholdng requrements and methodology set out above and the base salares as ncluded for the EO and FO n the
sngle fgure table
(b) NV shares are ordnary 016 shares and PL shares are ordnary 39p shares
(c) Shares held on 1 October 2015 (the date on whch Jean-Marc Hut ceased to be an Executve Drector of Unlever)
(d) 72,920 PL shares of the total of 145,840 PL shares are held by Jean-Marc Hut’s connected persons
There has been no change n Paul Polman’s nterests n shares between 31 December 2015 and 15 February 2016
The votng rghts of the Drectors (Executve and Non-Executve) and members of the ULE, ncludng raeme Ptkethly, who hold
nterests n the share captal of NV and PL are the same as for other holders of the class of shares ndcated As at 15 February 2016
none of the Drectors’ (Executve and Non-Executve) or other ULE members’, ncludng raeme Ptkethly’s, shareholdngs amounted
to more than 1% of the ssued shares n that class of share, excludng the holdngs of the Leverhulme Trust and the Leverhulme Trade
hartes Trust, whch amounted to 55% All shareholdngs n the table above are benefcal In addton, 68,531,182 shares are held by
the Leverhulme Trust and 2,035,582 shares are held by the Leverhulme Trade hartes Trust, of whch Paul Polman s a drector
INFORMATION IN RELATION TO OUTSTANDIN SHARE INENTIVE AWARDS
As at 31 December 2015, Paul Polman held awards over a total of 380,206 shares whch are subect to performance condtons
Jean-Marc Hut held, at the date he ceased to be an Executve Drector of Unlever, awards over a total of 182,216 shares whch
were subect to performance condtons Jean-Marc Hut’s SIP and MIP awards granted n 2014 and 2015 have lapsed n full
on hs departure on 1 October 2015
There are no awards of shares wthout performance condtons and no awards n the form of optons
76 Unilever Annual Report and Accounts 2015Governance
DIRETORS’ REMUNERATION REPORT ONTINUED