HSBC 2002 Annual Report Download - page 185

183
Options Options Options Options
held a
t
awarde
d
exercise
d
held at 31 Exercise
1 January durin
g
during December price
D
ate o
f
Exercisable Exercisable
2002 year year 2002 in
£
awar
d
from1unti
l
Sir John Bond.......... 75,000 –– 75,000 23.3334 1 Apr 1996 1 Apr 1999 1 Apr 2006
2,798 ––2,798
36.0299 10 Apr 2000 1 Aug 2005 31 Jan 2006
C F W de Croisset4.. 206,000 –– 206,000 8.7120 23 Apr 2001 23 Apr 2004 23 Apr 2011
–206,000 –206,000 8.4050 7 May 2002 7 May 2005 7 May 2012
W R P Dalton .......... 22,704 – – 22,704 2.4062 12 Oct 1993 12 Oct 1996 12 Oct 2003
30,273 – – 30,273 2.8376 8 Mar 1994 8 Mar 1997 8 Mar 2004
36,000 – – 36,000 2.1727 7 Mar 1995 7 Mar 1998 7 Mar 2005
36,000 – – 36,000 23.3334 1 Apr 1996 1 Apr 1999 1 Apr 2006
2,798 – – 2,79836.0299 10 Apr 2000 1 Aug 2005 31 Jan 2006
D G Eldon ............... 36,000 – – 36,000 2.1727 7 Mar 1995 7 Mar 1998 7 Mar 2005
40,500 – – 40,500 23.3334 1 Apr 1996 1 Apr 1999 1 Apr 2006
D J Flint................... 27,000 – – 27,00023.3334 1 Apr 1996 1 Apr 1999 1 Apr 2006
3,8133–3,813
5– 4.5206 9 Apr 1997 1 Aug 2002 31 Jan 2003
–2,617
3– 2,617 6.3224 2 May 2002 1 Aug 2007 31 Jan 2008
S K Green……… 45,000 2– 45,000 6– 3.3334 1 Apr 1996 1 Apr 1999 1 Apr 2006
2,498 – – 2,49836.7536 11 Apr 2001 1 Aug 2006 31 Jan 2007
A W Jebson ……. 22,500 2– 22,500 7– 3.3334 1 Apr 1996 1 Apr 1999 1 Apr 2006
1,434 – – 1,43436.7536 11 Apr 2001 1 Aug 2004 31 Jan 2005
Sir Keith Whitson.... 60,000 – – 60,00023.3334 1 Apr 1996 1 Apr 1999 1 Apr 2006
2,798 – – 2,79836.0299 10 Apr 2000 1 Aug 2005 31 Jan 2006
1 May be advanced to an earlier date in certain circumstances, e.g. retirement.
2 The exercise of these options was conditional upon the growth in earnings per share over a three-year period being equal to or
greater than a composite rate of inflation (comprising 50 per cent of the Hong Kong Composite Consumer Price Index, 35 per cent of
the UK Retail Price Index and 15 per cent of the USA All Urban Consumer Price Index) plus 2 per cent per annum. This condition
has been satisfied.
3 Options awarded under the HSBC Holdings Savings-Related Share Option Plan.
4 Options awarded under the HSBC Holdings Group Share Option Plan. In accordance with agreements made at the time of the
acquisition of CCF there are no performance criteria conditional upon which the outstanding options are exercisable.
5 At the date of exercise, 8 August 2002, the market value per share was £7.45.
6 At the date of exercise, 13 March 2002, the market value per share was £8.34.
7 At the date of exercise, 22 March 2002, the market value per share was £8.045.
At 31 December 2002, C F W de Croisset
held the following options to acquire CCF shares
of €5 each. On exercise of these options each CCF
share will be exchanged for 13 HSBC Holdings
ordinary shares of US$0.50 each. The options were
granted by CCF for nil consideration at a 5 per cent
discount to the market value at the date of award.
There are no remaining performance criteria
conditional upon which the outstanding options are
exercisable.