Governance - Xstrata

Share options
Details of share options of those directors who served during the year are as follows:
Director At 01.01.10 Awarded
Lapsed/expired
unexercised Exercised At 31.12.10 Exercise price
www.xstrata.com | 129
Earliest date
of exercise Expiry date
Mick Davis
LTIP options 661,590 – – – 661,590 £1.82 10-Feb-06 10-Feb-13
LTIP options 1,361,071 – – – 1,361,071 £3.72 4-Mar-07 4-Mar-14
LTIP options 0 696,809 – – 696,809 £10.31 18-Feb-13 18-Feb-20
Trevor Reid –
LTIP options 310,822 – – – 310,822 £3.72 4-Mar-07 4-Mar-14
LTIP options 379,178 – – – 379,178 £5.37 11-Mar-08 11-Mar-15
LTIP options 117,788 – – – 117,788 £8.70 10-Mar-09 10-Mar-16
LTIP options 184,447 – 92,224 – 92,223 £13.59 15-Mar-10 15-Mar-17
LTIP options 187,353 – – – 187,353 £20.02 4-Apr-11 4-Apr-18
LTIP options 844,595 – – – 844,595 £3.35 12-Mar-12 12-Mar-19
LTIP options
Santiago Zaldumbide
0 351,064 – – 351,064 £10.31 18-Feb-13 18-Feb-20
LTIP options 117,132 – – – 117,132 £8.70 10-Mar-09 10-Mar-16
LTIP options 180,934 – 90,467 – 90,467 £13.59 15-Mar-10 15-Mar-17
LTIP options 178,190 – – – 178,190 £20.02 4-Apr-11 4-Apr-18
LTIP options 836,900 – – – 836,900 £3.35 12-Mar-12 12-Mar-19
LTIP options 0 344,286 – – 344,286 £10.31 18-Feb-13 18-Feb-20
5,360,000 1,392,159 182,691 0 6,569,468
Notes:
1. The LTIP options are subject to performance conditions as described on pages 123 to 125.
2. Mick Davis’s and Trevor Reid’s LTIP options may be settled in cash at the discretion of the Remuneration Committee.
3. The highest and lowest prices of the Company’s shares during the year were £15.35 and £8.46 respectively (2009: £11.48 and £2.98). The price at the year end was
£15.06 (2009: £11.21).
Retirement Benefits
Mick Davis and Trevor Reid have participated in targeted money purchase retirement plans. During the year retirement benefit related
payments were made as follows:
2010
2009
2010
2009
2010
2009
US$
Mick Davis Mick Davis Trevor Reid Trevor Reid
Total
Total
Retirement benefit related payments 4,022,301 3,284,947 2,227,267 1,800,839 6,249,567 5,085,785
Notes:
1. Further details of the retirement benefit arrangements are explained on page 125.
2. Santiago Zaldumbide received no retirement benefits under the terms of his fixed cost remuneration arrangement which is detailed on page 125.
3. Based on the average £/$ exchange rate for the year of 1.546 (2009: 1.566). Payments for Mick Davis and Trevor Reid in both years were made in UK pounds sterling.
Overview Strategy Performance Governance Financials