Meeting everyday needs of people everywhere - Unilever

Unilever Group Notes to the consolidated accounts
33 Equity based compensation plans (continued)
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The following table summarises information about fixed price stock options outstanding at 31 December 1999:
00000001111011111011111011111101111101111101111
Options Outstanding Options Exercisable
00511110051100511111005 00111111005
Number Weighted Number
outstanding at average Weighted exercisable at Weighted
Range of 31 December remaining average 31 December average
exercise prices 1999 contractual life exercise price 1999 exercise price
0051151 005 005 005 005 005
NV Options
US $ 25.69 43 000 3 years US $ 25.69 43 000 US $ 25.69
US $ 26.81 117 236 4 years US $ 26.81 117 236 US $ 26.81
US $ 25.67 225 398 5 years US $ 25.67 225 398 US $ 25.67
US $ 31.60 5 200 6 years US $ 31.60 5 200 US $ 31.60
US $ 31.95 288 166 6 years US $ 31.95 288 166 US $ 31.95
US $ 33.89 413 140 7 years US $ 33.89 413 140 US $ 33.89
US $ 48.74 317 420 8 years US $ 48.74 209 803 US $ 48.74
US $ 76.69 260 023 9 years US $ 76.69 86 656 US $ 76.69
US $ 69.19 293 888 10 years US $ 69.19 — —
0051151 005 005 005 005 005
US $ 25.67 to US $ 76.69 1 963 471 US $ 45.41 1 388 599 US $ 36.21
0051151 005 005 005 005 005
PLC Options
US $ 6.72 2 122 188 8 years US $ 6.72 1 402 748 US $ 6.72
US $ 10.85 1 740 116 9 years US $ 10.85 579 948 US $ 10.85
US $ 9.30 1 968 176 10 years US $ 9.30 — —
0051151 005 005 005 005 005
US $ 6.72 to US $ 10.85 5 830 480 US $ 8.82 1 982 696 US $ 7.92
0051151100510051005110051005
The NA Purchase Plan
The NA Purchase Plan provides for the granting of options to purchase a maximum of 10 000 000 shares of Unilever NV of the
New York Registry. The first offering under the purchase plan was held in 1995, and was limited to options covering 2 000 000 shares.
This offering ended in 1997.
The second offering under the NA Purchase Plan was held in 1997, and was limited to 2 000 000 shares. Under the terms of the
second offering, eligible employees could elect to accept the option to purchase any number of whole shares, being not less than
40 or more than 416, by payroll deductions of up to 10% of annual base compensation over a two-year period in equal instalments
beginning 1 November 1997 and ending 29 October 1999. At the end of the second offering, eligible employees exercised their
options to purchase 631 493 NV shares at an option price of US $ 47.83, which represents a 10% discount to the market value on
the grant date. This discount of US $ 4.4 million was amortised over the 24 month vesting period of the plan.
The third offering, also limited to 2 000 000 shares, was held in 1999. Eligible employees can purchase between 30 and 381 shares
by means of a maximum payroll deduction of 10% from January 2000 to December 2001. As at 31 December 1999 this represented
557 062 NV shares. The option price of US $ 52.43, 10% below the market value on the grant date, leads to a discount of
US $ 3.2 million being amortised over the 24 month vesting period.
A summary of the status of the NA Purchase Plan as at 31 December 1999, 1998 and 1997 and the changes during these years is
presented below:
00000001111011111011111011111101111101111101111
For the years ended 31 December: 1999 1998 1997
0511110511 0511110511 0511110511
Weighted Weighted Weighted
Number average Number average Number average
of shares price of shares price of shares price
00000110511 10511 0511 10511 0511 10511
Outstanding at the beginning of the year 785 756 US $ 47.83 912 752 US $ 47.83 1 019 636 US $ 28.89
10511 10511 0511 10511 0511 10511
Granted 633 913 US $ 52.43 — — 918 172 US $ 47.83
Exercised 701 897 US $ 47.83 — — 969 724 US $ 28.89
Forfeited 83 859 US $ 47.83 126 996 US $ 47.83 55 332 US $ 30.74
10511 10511 0511 10511 0511 10511
Outstanding at the end of the year 633 913 US $ 52.43 785 756 US $ 47.83 912 752 US $ 47.83
10511 10511 0511 10511 0511 10511
Options exercisable at the end of the year — — — — — —
00000001111011111011111011111101111101111101111