Annual Report and Financial Statements 2007 - Tesco PLC
Annual Report and Financial Statements 2007 - Tesco PLC
Annual Report and Financial Statements 2007 - Tesco PLC
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36 <strong>Tesco</strong> <strong>PLC</strong> <strong>Annual</strong> report <strong>and</strong> financial statements <strong>2007</strong> Find out more at www.tesco.com/corporate<br />
Directors’ remuneration report continued<br />
Table 4 Share options held by Directors <strong>and</strong> not exercised at 24 February <strong>2007</strong> continued<br />
Executive share option schemes (1994) <strong>and</strong> (1996) <strong>and</strong> discretionary share option plan (2004)<br />
Options as Options Options Options as Date<br />
at 25 Feb granted exercised at 24 Feb Exercise price from which<br />
Date of grant 2006 in year (a) in year <strong>2007</strong> (pence) exercisable Expiry date<br />
Miss L Neville-Rolfe (b) 30.04.2004 128,350 – – 128,350 253.25 30.04.<strong>2007</strong> 30.04.2014<br />
22.04.2005 108,050 – – 108,050 312.75 22.04.2008 22.04.2015<br />
08.05.2006 116,133 – – 116,133 318.60 08.05.2009 08.05.2016<br />
352,533 – – 352,533<br />
Mr D T Potts 14.04.2003 501,266 – 501,266 – 197.5 14.04.2006 14.04.2013<br />
30.04.2004 434,353 – – 434,353 253.25 30.04.<strong>2007</strong> 30.04.2014<br />
22.04.2005 379,856 – – 379,856 312.75 22.04.2008 22.04.2015<br />
08.05.2006 – 404,896 – 404,896 318.60 08.05.2009 08.05.2016<br />
1,315,475 404,896 501,266 1,219,105<br />
(a) Executive share options are subject to performance conditions measured over three years as set out on page 30. No options lapsed in the year. The market price at exercise<br />
is shown in Table 3.<br />
(b) Miss L Neville-Rolfe was appointed on 14 December 2006. No options have been granted or exercised from the date of her appointment.<br />
Table 5 Share options held by Directors <strong>and</strong> not exercised at 24 February <strong>2007</strong><br />
Savings-related share option scheme (1981)<br />
Value Value<br />
As at Options Options As at realisable realisable<br />
25 Feb granted exercised 24 Feb Exercise price 2006/07 2005/06<br />
Date of grant 2006 in year in year 1 <strong>2007</strong> (pence) £000 £000<br />
Sir Terry Leahy 08.11.2001 1,671 – 1,671 – 198.0 4 –<br />
08.11.2002 2,066 – – 2,066 159.0 – –<br />
06.11.2003 1,625 – – 1,625 195.0 – –<br />
04.11.2004 1,424 – – 1,424 232.0 – –<br />
02.11.2005 1,298 – – 1,298 248.0 – –<br />
08.11.2006 – 1,066 – 1,066 307.0 – –<br />
8,084 1,066 1,671 7,479 4 2<br />
Mr R Brasher 08.11.2001 1,671 – 1,671 – 198.0 4 –<br />
08.11.2002 2,066 – – 2,066 159.0 – –<br />
06.11.2003 1,625 – – 1,625 195.0 – –<br />
04.11.2004 1,424 – – 1,424 232.0 – –<br />
02.11.2005 1,298 – – 1,298 248.0 – –<br />
08.11.2006 – 1,066 – 1,066 307.0 – –<br />
8,084 1,066 1,671 7,479 4 2<br />
Mr P A Clarke 08.11.2001 1,671 – 1,671 – 198.0 4 –<br />
08.11.2002 2,066 – – 2,066 159.0 – –<br />
06.11.2003 1,625 – – 1,625 195.0 – –<br />
04.11.2004 1,424 – – 1,424 232.0 – –<br />
02.11.2005 1,298 – – 1,298 248.0 – –<br />
08.11.2006 – 1,066 – 1,066 307.0 – –<br />
8,084 1,066 1,671 7,479 4 2<br />
Mr A T Higginson 08.11.2001 1,671 – 1,671 – 198.0 4 –<br />
08.11.2002 2,066 – – 2,066 159.0 – –<br />
06.11.2003 1,625 – – 1,625 195.0 – –<br />
04.11.2004 1,424 – – 1,424 232.0 – –<br />
02.11.2005 1,298 – – 1,298 248.0 – –<br />
08.11.2006 – 1,066 – 1,066 307.0 – –<br />
8,084 1,066 1,671 7,479 4 2
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