Annual Report 2012 - Development Securities PLC

Remuneration Report continued
Directors’ share schemes (audited)
Options
64 Development Securities PLC / Annual Report 2012
1st January
2011
Number Granted Lapsed Exercised
29th
February
2012
Number
Exercise
price
Pence
Market
price at
exercise
Pence
Gain on
exercise
£’000
Date from
which
exercisable
M H Marx
Savings related scheme 3,501 — 3,501 — — 274.16 — — 01.12.11 31.05.12
Savings related scheme — 5,921 — — 5,921 152.00 — — 01.12.14 31.05.15
C J Barwick
Savings related scheme 3,501 — 3,501 — — 274.16 — — 01.12.11 31.05.12
M S Weiner
Executive option scheme 1995 29,861 — 29,861 — — 326.25 — — 27.03.04 26.03.11
Executive option scheme 1995 69,382 — — — 69,382 347.50 — — 19.04.07 18.04.14
Executive option scheme 2005 41,435 — — — 41,435 430.25 — — 27.10.08 26.10.15
Executive option scheme 2005 41,435 — — — 41,435 559.75 — — 28.04.09 27.04.16
Savings related scheme 3,501 — 3,501 — — 274.16 — — 01.12.11 31.05.12
Savings related scheme — 5,921 — — 5,921 152.00 — — 01.12.14 31.05.15
G Prothero
Savings related scheme — 5,921 — — 5,921 152.00 — — 01.12.14 31.05.15
Performance Share Plan
Date of
grant
Market
price
at date
of grant
Pence
1st
January
2011
Number Granted Lapsed Exercised
29th
February
2012
Number
M H Marx 13.05.08 408.75 129,100 — 129,100 — — 31.12.10
08.05.09 310.00 168,776 — 168,776 — — 31.12.11
23.04.10 264.00 112,676 — — — 112,676 31.12.12
22.03.11 228.00 — 130,862 — — 130,862 31.12.13
C J Barwick 13.05.08 408.75 77,460 — 77,460 — — 31.12.10
08.05.09 310.00 101,266 — 101,266 — — 31.12.11
23.04.10 264.00 61,033 — — — 61,033 31.12.12
22.03.11 228.00 — 70,883 — — 70,883 31.12.13
M S Weiner 13.05.08 408.75 77,460 — 77,460 — — 31.12.10
08.05.09 310.00 101,266 — 101,266 — — 31.12.11
23.04.10 264.00 61,033 — — — 61,033 31.12.12
22.03.11 228.00 — 70,883 — — 70,883 31.12.13
G Prothero 08.05.09 310.00 101,266 — 101,266 — — 31.12.11
23.04.10 264.00 61,033 — — — 61,033 31.12.12
22.03.11 228.00 — 70,883 — — 70,883 31.12.13
None of the Directors had a beneficial interest in the shares of any subsidiary company.
The mid-market price of the shares at the close of business on 29th February 2012 was 168.25 pence and the range during the financial period was
134.75 pence to 236.50 pence.
No options lapsed or were exercised during the period, except as disclosed above.
There were no further transactions between 29th February 2012 and the date of this report.
Approved by the Board and signed on its behalf by:
M S Soames
Chairman of the Remuneration Committee
1st May 2012
Expiry
date
Final
vesting
date