HSBC 2002 Annual Report Download - page 160

HSBC HOLDINGS PLC
Report of the Directors (continued)
158
HSBC Holdings Executive Share Option Scheme
HSBC Holdings ordinary shares of US$0.50 each
Date of award
Exercise
price (£)
Exercisable
from1
Exercisable
until
2
Options at
1 January
2002
Options
exercised
during year
3
Options
lapsed
during year
Options at
31 December
2002
12 Oct 1993 2.4062 12 Oct 1996 12 Oct 2003 31,785 9,081 –22,704
8 Mar 1994 2.8376 8 Mar 1997 8 Mar 2004 250,860 79,086 – 171,774
7 Mar 1995 2.1727 7 Mar 1998 7 Mar 2005 603,000 185,250 6,000 411,750
1 Apr 1996 3.3334 1 Apr 1999 1 Apr 2006 1,644,210 457,759 25,500 1,160,951
24 Mar 1997 5.0160 24 Mar 2000 24 Mar 2007 1,899,484 361,129 16,618 1,521,737
12 Aug 1997 7.7984 12 Aug 2000 12 Aug 2007 14,625 – – 14,625
16 Mar 1998 6.2767 16 Mar 2001 16 Mar 2008 3,182,024 524,536 – 2,657,488
29 Mar 1999 6.3754 3 Apr 2002 29 Mar 2009 64,647,156 19,193,029 1,030,711 44,423,416
10 Aug 1999 7.4210 10 Aug 2002 10 Aug 2009 264,750 16,200 4,200 244,350
31 Aug 1999 7.8710 31 Aug 2002 31 Aug 2009 4,000 – – 4,000
3 Apr 2000 7.4600 3 Apr 2003 3 Apr 2010 30,507,764 243,570 1,057,655 29,206,539
1 May be advanced to an earlier date in certain circumstances, e.g. retirement.
2May be extended to a later date in certain circumstances, e.g. on death of a participant, the executors may exercise the option up to
twelve months beyond the normal exercise period.
3The weighted average closing price of the securities immediately before the dates on which options were exercised was £8.08.
The HSBC Holdings Executive Share Option Scheme was replaced by the HSBC Holdings Group Share Option Plan on 26 May 2000. No
options have been granted under the Scheme since that date.
HSBC Holdings Group Share Option Plan
HSBC Holdings ordinary shares of US$0.50 each
Date of
award
Exercise
price (£)
Exercisable
from
Exercisable
until1
Options at
1 January
2002
Options
awarded
during year
Options
exercised
during year
Options
lapsed during
year
Options at
31 December
2002
4 Oct 2000 9.6420 4 Oct 2003 4 Oct 2010 443,522 – – 26,996 416,526
23 Apr 2001 8.7120 23 Apr 2004 23 Apr 2011 50,006,367 – – 1,215,869 48,790,498
30 Aug 2001 8.2280 30 Aug 2004 30 Aug 2011 375,405 – – 11,975 363,430
7 May 2002 8.4050 7 May 2005 7 May 2012 – 56,763,464
2
– 638,320 56,125,144
30 Aug 2002 7.4550 30 Aug 2005 30 Aug 2012 – 472,050 3– 3,500 468,550
1May be extended to a later date in certain circumstances, e.g. on death of a participant, the executors may exercise the option up to
twelve months beyond the normal exercise period.
2The closing price per share on 6 May 2002 was £8.37.
3The closing price on 29 August 2002 was £7.30.
CCF S.A. and subsidiary company plans
When it was acquired in July 2000 CCF and certain
of its subsidiary companies operated employee share
option plans under which options could be granted
over their respective shares. With the exception of the
Banque Eurofin plan, under which further options can
be granted, no further options will be granted under
any of these subsidiary company plans.
The following are outstanding options to acquire
shares in CCF S.A. and its subsidiaries.