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Unilever Group Notes to the consolidated accounts 33 Equity based compensation plans (continued) 00000000000000001111 For the years ended 31 December: 1999 1998 1997 10511110511 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 NV Options Outstanding at the beginning of the year 546 328 Fl. 129.64 221 712 Fl. 94.40 — — 10511 10511 0511 10511 0511 10511 Granted 547 773 Fl. 139.94 333 926 Fl. 152.83 221 712 Fl. 94.40 Exercised 11 200 Fl. 115.10 2 400 Fl. 94.30 — — Forfeited 4 900 Fl. 148.79 6 910 Fl. 131.91 — — 10511 10511 0511 10511 0511 10511 Outstanding at the end of the year 1 078 001 Fl. 134.94 546 328 Fl. 129.64 221 712 Fl. 94.40 10511 10511 0511 10511 0511 10511 Options exercisable at the end of the year — — — — — — 10511110511110511110511110511110511 1999 1998 1997 00000001111011111011111011111101111 01111 01111 PLC Option value informatio n (a) Fair value per option (b) £1.16 £1.58 £0.47 Valuation assumptions Expected option term 5 years 5 years 5 years Expected volatility 24.23% 17.62% 15.24% Expected dividend yield 2.84% 1.50% 5.94% Risk-free interest rate 4.58% 6.13% 7.12% NV Option value informatio n (a) Fair value per option (b) £9.03 £9.92 £3.08 Valuation assumptions Expected option term 5 years 5 years 5 years Expected volatility 23.19% 18.87% 14.92% Expected dividend yield 1.56% 1.38% 4.36% Risk-free interest rate 3.32% 4.48% 4.54% (a) Weighted average of options granted during each period. (b) Estimated using Black Scholes option pricing method. 00000001111011111011111011111101111101111101111 The following table summarises information about fixed price stock options outstanding at 31 December 1999: 00000001111011111011111011111101111101111101111 Options Outstanding Options Exercisable 00511110051100511005 1100511005 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 00511 1005 1005 1005 11005 1005 PLC Options £1.84 29 264 9 months £1.84 29 264 £1.84 £2.07 49 800 2 years £2.07 49 800 £2.07 £2.27 205 040 2 years £2.27 205 040 £2.27 £2.62 60 668 3 years £2.62 60 668 £2.62 £2.54 263 648 3 years £2.54 263 648 £2.54 £2.78 34 520 4 years £2.78 34 520 £2.78 £2.83 128 924 4 years £2.83 128 924 £2.83 £2.54 827 911 4 years £2.54 827 911 £2.54 £2.83 331 444 5 years £2.83 331 444 £2.83 £2.98 1 236 608 5 years £2.98 1 236 608 £2.98 £3.07 893 464 6 years £3.07 893 464 £3.07 £3.08 1 256 136 6 years £3.08 1 256 136 £3.08 £3.43 721 800 7 years £3.43 721 800 £3.43 £4.07 1 375 624 7 years £4.07 — — £4.53 9 276 7 years £4.53 — — £6.68 2 108 530 8 years £6.68 — — £6.79 27 500 8 years £6.79 — — £5.55 3 568 125 10 years £5.55 — — 00511 1005 1005 1005 11005 1005 £1.84 to £6.79 13 128 282 £4.37 6 039 227 £2.93 00511 1005 1005 1005 11005 1005 NV Options Fl. 94.30 209 276 7 years Fl. 94.30 — — Fl. 109.38 1 436 7 years Fl. 109.38 — — Fl. 152.70 321 666 8 years Fl. 152.70 — — Fl. 163.00 4 250 8 years Fl. 163.00 — — Fl. 139.94 541 373 10 years Fl. 139.94 — — 00511 1005 1005 1005 11005 1005 Fl. 94.30 to Fl. 163.00 1 078 001 Fl. 134.94 — — 00511110051100511005111100511005
Unilever Group Notes to the consolidated accounts 33 Equity based compensation plans (continued) 00000000000000001111 The Ireland Sharesave Plan The Ireland Sharesave Plan provided for the granting of options to purchase shares of Unilever PLC to eligible employees of the Group. Under the terms of the plan, eligible employees, to whom options had been granted, made monthly contributions to a savings plan approved by the Revenue Commissioners of the Republic of Ireland for this purpose. At the end of five years the proceeds from the savings plan could be applied to purchase ordinary shares of PLC at the market price ruling on the day preceding the date of grant. Following a change in the law, options are no longer granted under this Plan. A summary of the status of the Ireland Sharesave Plan as at 31 December 1999, 1998 and 1997 and the changes during these years is presented below: 00511110051100511005111100511005 For the years ended 31 December: 1999 1998 1997 10511110511 0511110511 0511110511 Weighted Weighted Weighted Number average Number average Number average of shares price of shares price of shares price 10511 10511 0511 10511 0511 10511 Outstanding at the beginning of the year — — — — 449 544 Ir £2.19 10511 10511 0511 10511 0511 10511 Granted — — — — — — Exercised — — — — 432 192 Ir £2.19 Forfeited — — — — 17 352 Ir £2.19 10511 10511 0511 10511 0511 10511 Outstanding at the end of the year — — — — — — 10511 10511 0511 10511 0511 10511 Options exercisable at the end of the year — — — — — — 10511110511110511110511110511110511 There were no fixed price stock options outstanding at 31 December 1999. The NV Option Plan The NV Option Plan provides for the granting of options to purchase shares of Unilever NV and, from 1997 onwards, also shares of Unilever PLC to key employees of the Group. Under the NV Option Plan, options have been granted on a discretionary basis to acquire shares at market price on the day options were granted. These options become exercisable immediately from the date of grant and have a maximum term of five years until 1998 and of ten years for subsequent grants. A summary of the status of the NV Option Plan as at 31 December 1999, 1998 and 1997 and changes during the years ended on these dates is presented below: 00000001111011111011111011111101111101111101111 For the years ended 31 December: 1999 1998 1997 10511110511 0511110511 0511110511 Weighted Weighted Weighted Number average Number average Number average of shares price of shares price of shares price 11155555555511110511 10511 0511 10511 0511 10511 NV Options Outstanding at the beginning of the year 1 993 914 Fl. 89.51 1 957 540 Fl. 62.97 2 379 768 Fl. 53.76 10511 10511 0511 10511 0511 10511 Granted 1 133 865 Fl. 139.94 546 156 Fl. 152.51 350 952 Fl. 94.30 Exercised 343 652 Fl. 54.38 490 244 Fl. 51.14 759 268 Fl. 49.14 Forfeited 5 470 Fl. 146.75 19 538 Fl. 125.57 13 912 Fl. 71.96 10511 10511 0511 10511 0511 10511 Outstanding at the end of the year 2 778 657 Fl. 114.32 1 993 914 Fl. 89.51 1 957 540 Fl. 62.69 10511 10511 0511 10511 0511 10511 Options exercisable at the end of the year 2 778 657 Fl. 114.32 1 993 914 Fl. 89.51 1 957 540 Fl. 62.69 10511 10511 0511 10511 0511 10511 PLC Options Outstanding at the beginning of the year 5 791 917 £5.64 2 296 184 £4.07 — — 10511 10511 0511 10511 0511 10511 Granted 7 394 775 £5.55 3 566 477 £6.67 2 320 148 £4.07 Exercised 58 352 £4.07 1 320 £4.07 — — Forfeited 35 320 £6.15 69 424 £6.23 23 964 £4.07 10511 10511 0511 10511 0511 10511 Outstanding at the end of the year 13 093 020 £5.59 5 791 917 £5.64 2 296 184 £4.07 10511 10511 0511 10511 0511 10511 Options exercisable at the end of the year 13 093 020 £5.59 5 791 917 £5.64 2 296 184 £4.07 10511110511110511110511110511110511
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Unilever N.V. 1999 Annual Report on
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1 Unilever Annual Report on Form 20
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Financial highlights • Excellent
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Chairmen’s Statement The principa
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Selected financial data Consolidate
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Selected financial data By geograph
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About Unilever History and structur
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Financial review The figures quoted
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Financial review Total borrowings a
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Operating review Year 2000 We had n
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Corporate governance Directors The
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Page 127 and 128: Taxation for US residents A gift of
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Meeting everyday needs of people everywhere - Unilever

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