Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
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<strong>Unilever</strong> Annual <strong>Report</strong> & Accounts and Form 20-F <strong>2002</strong><br />
Remuneration report 57<br />
No compensation for loss of office, payments for loss of office or other term<strong>in</strong>ation payments were paid to directors<br />
<strong>in</strong> <strong>2002</strong>.<br />
Directors’ share options<br />
Details of the option plans under which directors and employees are able to acquire ord<strong>in</strong>ary shares of NV and PLC are<br />
shown <strong>in</strong> note 29 on pages 103 to 111.<br />
As at 28 February 2003 the directors and officers as a group held options to purchase the follow<strong>in</strong>g ord<strong>in</strong>ary shares:<br />
594 795 NV shares of €0.51<br />
4 407 793 PLC shares of 1.4p<br />
246 134 NV shares of €0.51 of the New York Registry<br />
706 828 PLC shares of 1.4p (held as 176 707 ADRs)<br />
Options to acquire NV ord<strong>in</strong>ary shares of €0.51 each and options to acquire PLC ord<strong>in</strong>ary shares of 1.4p each were granted,<br />
exercised and held dur<strong>in</strong>g <strong>2002</strong> as follows:<br />
Options outstand<strong>in</strong>g Options outstand<strong>in</strong>g<br />
below market price above market price<br />
at end of year at end of year<br />
Weighted Weighted<br />
Range of dates average average<br />
1 January 31 December for earliest and exercise exercise<br />
Name €0.51/1.4p Granted (g) Exercised €0.51/1.4p latest exercise Number price Number price<br />
A Burgmans (a) 66 000 19 800 9 000 76 800 08.05.01 - 06.06.12 30 000 €51.00 46 800 €66.09<br />
(b) 216 50 16 250 15.09.03 - 12.06.07 100 €55.34 150 €65.40<br />
(c) 440 000 132 000 60 000 512 000 08.05.01 - 06.06.12 440 000 504p 72 000 660p<br />
(d) 2 904 – – 2 904 01.10.03 - 31.03.04 – – 2 904 594p<br />
N W A FitzGerald (a) 84 000 21 600 – 105 600 02.06.00 - 06.06.12 48 000 €47.92 57 600 €66.64<br />
(b) 200 50 – 250 15.09.03 - 12.06.07 100 €55.34 150 €65.40<br />
(c) 955 392 144 000 353 092 746 300 29.05.99 - 06.06.12 602 300 471p 144 000 660p<br />
(d) 3 543 – – 3 543 01.10.03 - 31.03.06 2 382 425p 1 161 594p<br />
A C Butler (a) 52 502 13 500 – 66 002 02.06.00 - 06.06.12 30 002 €47.92 36 000 €66.64<br />
(b) 150 50 – 200 01.06.04 - 12.06.07 50 €53.05 150 €65.40<br />
(c) 588 212 90 000 – 678 212 07.06.98 - 06.06.12 588 212 411p 90 000 660p<br />
(d) 4 652 – 4 652 – – – – –<br />
P J Cescau (a) 49 143 14 250 – 63 393 08.05.01 - 06.06.12 18 750 €51.00 44 643 €66.25<br />
(b) 50 50 – 100 30.05.04 - 12.06.07 – – 100 €66.28<br />
(c) 334 626 95 040 – 429 666 08.05.01 - 06.06.12 349 626 511p 80 040 657p<br />
(e) 45 000 – – 45 000 29.05.97 - 02.06.07 45 000 $38.84 – –<br />
(f) 100 192 – – 100 192 03.06.98 - 02.06.07 100 192 $6.72 – –<br />
K B Dadiseth (a) 30 750 11 850 – 42 600 02.06.00 - 06.06.12 21 750 €49.87 20 850 €66.71<br />
(c) 222 240 79 000 2 992 298 248 10.06.97 - 06.06.12 264 248 476p 34 000 662p<br />
(d) – 2 744 – 2 744 01.10.07 - 31.03.08 – – 2 744 603p<br />
A R van Heemstra (a) 45 750 13 050 9 000 49 800 08.05.01 - 06.06.12 27 750 €55.06 22 050 €67.95<br />
(b) 50 50 – 100 30.05.04 - 12.06.07 – – 100 €66.28<br />
(c) 348 276 87 000 103 276 332 000 08.05.01 - 06.06.12 185 000 468p 147 000 621p<br />
R H P Markham (a) 50 250 13 050 – 63 300 02.06.00 - 06.06.12 27 750 €48.34 35 550 €66.63<br />
(b) 200 50 – 250 15.09.03 - 12.06.07 100 €55.34 150 €65.40<br />
(c) 367 292 87 000 – 454 292 06.12.99 - 06.06.12 367 292 474p 87 000 662p<br />
(d) 3 283 – – 3 283 01.10.04 - 31.03.05 3 283 514p – –<br />
C B Strauss (e) 172 200 19 800 7 200 184 800 10.06.94 - 02.06.12 165 000 $36.87 19 800 $72.28<br />
(f) 380 000 132 000 – 512 000 03.06.98 - 02.06.12 452 000 $7.41 60 000 $10.85<br />
(a) Options <strong>in</strong> NV shares under the Executive Plan. (b) Options <strong>in</strong> NV shares under the Netherlands Employee Option Plan.<br />
(c) Options <strong>in</strong> PLC shares under the Executive Plan. (d) Options <strong>in</strong> PLC shares under the UK Employee Sharesave Plan.<br />
(e) Options <strong>in</strong> NV New York shares under the Executive Plan.<br />
(f) Options <strong>in</strong> PLC shares <strong>in</strong> the form of American Depositary Receipts under the Executive Plan (1 ADR equivalent to 4 PLC shares).<br />
(g) Granted <strong>in</strong> the year on the basis, where applicable, of earn<strong>in</strong>gs per share (BEIA) <strong>in</strong> the prior year.<br />
The term ’Executive Plan’ refers to options granted under the PLC, NV or NA Executive Option Plans (see page 106).<br />
See also notes on page 58.<br />
<strong>Report</strong> of the Directors