Annual report and accounts 2016

97
Incentive Award Deferral Plan
The following directors held conditional awards over ordinary shares of the Company granted under the IAG IADP (awarded as a
result of IAG performance for the periods that ended December 31, 2013; December 31, 2014 and December 31, 2015).
Director
Relates to
incentive award
earned in respect
of performance
Date of
award
Number of
awards at
January 1,
2016
Awards
released
during the
year
Date of
vesting
Awards
lapsing
during the
year
Awards made
during the
year
Number of awards
at December 31,
2016
Executive
Directors
Willie Walsh 2013 March 6, 2014 149,353 – March 6, 2017 – – 149,353
2014 May 28, 2015 151,111 – March 8, 2018 – – 151,111
2015 March 7, 2016 – – March 7, 2019 – 125,693 125,693
Total 300,464 – – 125,693 426,157
Enrique Dupuy
de Lôme 2012 March 6, 2013 62,241 62,241 March 6, 2016 – – –
2013 March 6, 2014 50,862 – March 6, 2017 – – 50,862
2014 May 28, 2015 50,252 – March 8, 2018 – – 50,252
2015 March 7, 2016 – – March 7, 2019 – 44,665 44,665
Total 163,355 62,241 – 44,665 145,779
There are no performance conditions to be tested before vesting for the IADP, except that the director must still be employed by the
Company at the time of vesting.
The value attributed to the Company’s ordinary shares in accordance with the plan rules on the date of the 2016 IADP award was
541 pence (2015: 550 pence; 2014: 435 pence; and 2013: 241 pence).
The value attributed to the Company’s ordinary shares in accordance with the plan rules on the date of the 2013 IADP award was
241 pence. The share price on the date of the vesting of this award (March 7, 2016) was 540 pence. The money value of the shares
received was the share price on the date of the vesting multiplied by the number of shares in respect of the award vested, as shown
in the table above.
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