Unilever 2015 Annual Report Download - page 84

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MANAEMENT OINVESTMENT PLAN (AUDITED)
The followng condtonal shares vested durng 2015 or were outstandng at 31 December 2015 under the MIP
Balance of
condtonal shares
at 1 January 2015
ondtonal shares
awarded n 2015(a)
Balance of
condtonal shares
at 31 December 2015
Share
type
Orgnal
award
Performance perod
1 January 2015 to
31 December 2017
Prce at
award
Dvdend
shares
accrued
durng
the year(d)
Vested n
2015(e)
Addtonal
shares
earned n
2015
Prce at
vestng
Shares
lapsed
No of
shares
Paul Polman NV 87,182(b) 29,128 3703 2,829 23,931 4,154 3704 n/a 99,362
PL 44,600(b) 0£2789 869 24,153 4,193 £2801 n/a 25,509
Jean-Marc Hut NV 13,701(c) 2,839 3703 275 4,914 854 3704 7,852(f) 4,903
PL 13,775(c) 2,839 £2789 302 4,960 861 £2801 7,877(f) 4,940
(a) Each award of condtonal matchng shares vests three years after the date of the award, subect to performance condtons (further detals can be found
on pages 70 to 71) Awards are all subect to contnued employment and mantenance of the underlyng nvestment shares Under MIP, Executve Drectors
are able to choose whether they nvest n PL or NV shares or a 50/50 mx Executve Drectors receve 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,
Paul Polman and Jean-Marc Hut nvested n the MIP 60% and 25% respectvely of ther annual bonus earned durng 2014 and pad n 2015 and receved a
correspondng award of matchng shares For Paul Polman these wll vest, subect to performance, on 13 February 2018
(b) Ths ncludes a grant of 17,772 of each of NV and PL shares made on 17 February 2012 (121% of whch vested on 17 February 2015), a grant of 22,999 of each
NV and PL shares made on 18 February 2013 (vestng 18 February 2016) and a grant of 41,775 NV shares made on 14 February 2014 (vestng 14 February
2017) and 4,636 NV shares and 3,829 PL shares from renvested dvdends accrued n pror years n respect of awards
(c) Ths ncludes a grant of 3,649 of each of NV and PL shares made on 17 February 2012 (121% of whch vested on 17 February 2015), a grant of 5,157 of each
NV and PL shares made on 18 February 2013 (pro-rated vestng on 18 February 2016 – reference s made to ‘Payments to former Drectors’ on page 78) and
a grant of 4,036 of each of NV and PL shares made on 14 February 2014 (whch were due to vest on 14 February 2017 – see footnote (f) below) and 859 NV
shares and 933 PL shares from renvested dvdends accrued n pror years n respect of awards
(d) Reflects renvested dvdend equvalents accrued durng 2015 and subect to the same performance condtons as the underlyng matchng shares
(e) The 17 February 2012 grant vested on 17 February 2015 at 121% In accordance wth Unlever’s Remuneraton Polcy (wwwunlevercom/ara2015/downloads),
Executve Drectors are able to choose whether they receve any shares that are due to vest under MIP n PL or NV shares or keep the 50/50 mx Paul
Polman elected for share choce and chose to receve hs shares n the form of 100% NV shares Therefore, upon vestng, hs 17 February 2012 PL award
was cancelled and converted and delvered to hm as 24,744 NV shares (resultng n a total vestng for the 17 February grant of 48,675 NV shares)
(f) 664 NV and 663 PL shares of the 18 February 2013 grant of both 5,157 NV and PL shares, the 14 February 2014 grant of both 4,036 of each NV and PL
shares and the 13 February 2015 grant of both 2,839 of each NV and PL shares and 313 NV shares and 339 PL shares from renvested dvdends accrued
n pror years n respect of these grants, lapsed upon the departure of Jean-Marc Hut on 1 October 2015
LOBAL SHARE INENTIVE PLAN (AUDITED)
The followng condtonal shares vested durng 2015 or were outstandng at 31 December 2015 under the SIP
Balance of
condtonal shares
at 1 January 2015
ondtonal shares
awarded n 2015(a)
Balance of
condtonal shares
at 31 December 2015
Share
type
Orgnal
award
Performance perod
1 January 2015 to
31 December 2017
Prce at
award
Dvdend
shares
accrued
durng
the year(d)
Vested n
2015(e)
Addtonal
shares
earned n
2015
Prce at
vestng
Shares
lapsed
No of
shares
Paul Polman NV 130,219(b) 36,497 3703 3,630 52,079 9,039 3704 n/a 127,306
PL 130,920(b) 36,497 £2789 4,050 52,561 9,123 £2801 n/a 128,029
Jean-Marc Hut NV 87,086(c) 22,576 3703 1,651 40,125 6,965 3704 54,808(f) 23,345
PL 87,580(c) 22,576 £2789 1,805 40,496 7,030 £2801 54,973(f) 23,552
(a) Each award of condtonal shares vests three years after the date of the award, subect to performance condtons (further detals can be found on pages 70
to 71) The 2015 award was made on 13 February 2015 (vestng 13 February 2018)
(b) Ths ncludes a grant of 38,676 of each of NV and PL shares made on 17 February 2012 (121% of whch vested on 17 February 2015), a grant of 39,698 of each
of NV and PL shares made on 18 February 2013 (vestng 18 February 2016) and a grant of 43,700 of each of NV and PL shares made on 14 February 2014
(vestng 14 February 2017) and 8,145 NV shares and 8,846 PL shares from renvested dvdends accrued n pror years n respect of awards
(c) Ths ncludes a grant of 29,798 of each of NV and PL shares made on 17 February 2012 (121% of the award vested on 17 February 2015), a grant of 24,556 of
each of NV and PL shares made on 18 February 2013 (pro-rated vestng on 18 February 2016 – reference s made to ‘Payments to former Drectors’ on page
78) and a grant of 27,031 of each of NV and PL shares made on 14 February 2014 (whch were due to vest on 14 February 2017 – see footnote (f) below) and
5,701 NV shares and 6,195 PL shares from renvested dvdends accrued n pror years n respect of awards
(d) Reflects renvested dvdend equvalents accrued durng 2015 and subect to the same performance condtons as the underlyng SIP shares
(e) The 17 February 2012 grant vested on 17 February 2015 at 121% In accordance wth Unlever’s Remuneraton Polcy (wwwunlevercom/ara2015/downloads),
Executve Drectors are able to choose whether they receve any shares that are due to vest under SIP n PL or NV shares or keep the 50/50 mx Paul
Polman elected for share choce and chose to receve hs shares n the form of 100% NV shares Therefore, upon vestng, hs 17 February 2012 PL award
was cancelled and converted and delvered to hm as 53,847 NV shares (resultng n a total vestng for the 17 February grant of 105,926 NV shares)
(f) 3,159 NV and 3,159 PL shares of the 18 February 2013 grant of both 24,556 NV and PL shares, the 14 February 2014 grant of both 27,031 of each NV and
PL shares and the 13 February 2015 grant of both 22,576 of each NV and PL shares and 2,042 NV shares and 2,207 PL shares from renvested dvdends
accrued n pror years n respect of these grants, lapsed upon the departure of Jean-Marc Hut on 1 October 2015
On 11 February 2016, Paul Polman receved an award of 35,115 NV and 35,115 PL performance-related shares under the SIP
77Unilever Annual Report and Accounts 2015 Governance