Report & accounts 2002 in full - Unilever

108 Notes to the consolidated accounts
Unilever Group
29 Equity-based compensation plans continued
The exercise prices and remaining life of the Executive Option Plans as at 31 December 2002 are as follows:
Unilever Annual Report & Accounts and Form 20-F 2002
Options outstanding Options exercisable
Weighted
Number average Number
outstanding at remaining Weighted exercisable at Weighted
Range of 31 December contractual average 31 December average
exercise prices 2002 life exercise price 2002 exercise price
NV shares of €0.51 €42.79 - €60.85 5 338 303 8 years €56.68 2 551 726 €54.88
€63.50 - €73.97 5 801 094 8 years €66.35 2 243 490 €65.48
PLC shares of 1.4p £2.54 - £3.08 1 795 242 2 years £2.98 1 795 242 £2.98
£3.43 - £4.78 24 183 118 8 years £4.54 16 389 469 £4.54
£5.22 - £6.79 49 162 410 8 years £5.73 15 185 481 £5.89
NV New York shares of €0.51 $25.67 - $33.89 647 995 2 years $31.03 647 995 $31.03
$41.16 - $56.13 1 312 546 7 years $51.37 706 730 $50.73
$58.76 - $76.69 1 260 473 8 years $64.82 533 354 $72.44
PLC shares of 1.4p in the form $5.56 - $7.73 8 619 296 7 years $7.08 4 604 564 $6.97
of ADRs (d) $8.35 - $10.85 8 377 856 8 years $9.07 3 570 608 $10.00
(d) 1 ADR is equivalent to 4 PLC shares.
(iii) The Share Matching Plans
Under these plans managers can invest up to 25% of their gross bonus in Unilever shares. The Company matches this with the same
number of shares on condition that all shares are held for the agreed period (five years for awards made until 2001, three years from 2002
onwards), and that the manager has not resigned from Unilever at the end of this period. The North American managers participate in the
North American Share Bonus Plan, the others in the Variable Pay in Shares Plan. The numbers below include the numbers under the plan for
the directors described in the Remuneration report on page 50.
A summary of the status of the Share Matching Plans as at 31 December 2002, 2001 and 2000 and changes during the years ended on
these dates is presented below:
2002 2001 2000
Weighted Weighted Weighted
Number of average Number of average Number of average
shares price shares price shares price
NV shares of €0.51
Outstanding at 1 January 77 613 €0.00 26 302 €0.00 4 891 €0.00
Awarded 148 990 €0.00 51 526 €0.00 21 411 €0.00
Exercised (143) €0.00 – – – –
Forfeited/Expired (a) (1 056) €0.00 (215) €0.00 – –
Outstanding at 31 December 225 404 €0.00 77 613 €0.00 26 302 €0.00
Exercisable at 31 December – – – – – –
PLC shares of 1.4p
Outstanding at 1 January 570 703 £0.00 198 676 £0.00 36 779 £0.00
Awarded 1 065 406 £0.00 373 646 £0.00 161 897 £0.00
Exercised (1 053) £0.00 – – – –
Forfeited/Expired (a) (7 670) £0.00 (1 619) £0.00 – –
Outstanding at 31 December 1 627 386 £0.00 570 703 £0.00 198 676 £0.00
Exercisable at 31 December – – – – – –
(a) The number of expired share awards is immaterial.