HSBC 2007 Annual Report Download - page 319

317
Bank of Bermuda: Share Option Plan 2000
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2007
Options
exercised
during year1
Options
lapsed
during year
Options at
31 December
2007
11 Jan 2001 14.27 11 Jan 2002 11 Jan 2011 134,857 – – 134,857
6 Feb 2001 16.41 6 Feb 2002 6 Feb 2011 630,646 51,084 4,392 575,170
29 Mar 2001 15.39 29 Mar 2002 29 Mar 2011 270 – – 270
16 Apr 2001 15.57 16 Apr 2002 16 Apr 2011 539 – – 539
6 Jun 2001 18.35 6 Jun 2002 6 Jun 2011 8,091 – – 8,091
16 Jul 2001 16.87 16 Jul 2002 16 Jul 2011 14,930 – – 14,930
28 Aug 2001 15.39 28 Aug 2002 28 Aug 2011 13,486 – – 13,486
26 Sep 2001 12.79 26 Sep 2002 26 Sep 2011 438,585 84,694 – 353,891
30 Jan 2002 15.60 30 Jan 2003 30 Jan 2012 1,226 – – 1,226
5 Feb 2002 16.09 5 Feb 2003 5 Feb 2012 865,382 95,775 6,836 762,771
10 Jul 2002 15.84 10 Jul 2003 10 Jul 2012 12,260 – – 12,260
4 Feb 2003 10.69 4 Feb 2004 4 Feb 2013 139,658 6,616 – 133,042
21 Apr 2003 11.85 21 Apr 2004 21 Apr 2013 20,840 14,007 – 6,833
1 The weighted average closing price of the shares immediately before the dates on which options were exercised was £9.08.
Bank of Bermuda: Directors’ Share Option Plan
HSBC Holdings ordinary shares of US$0.50
Date of
award
Exercise
price (US$)
Exercisable
from
Exercisable
until
Options at
1 January
2007
Options
exercised
during year
Options
lapsed
during year
Options at
31 December
2007
22 Sep 1999 8.02 22 Sep 2000 22 Sep 2009 3,082 –– 3,082
20 Sep 2000 11.31 20 Sep 2001 20 Sep 2010 4,046 –– 4,046
28 Mar 2001 15.76 28 Mar 2002 28 Mar 2011 12,811 –– 12,811
3 Apr 2002 16.01 3 Apr 2003 3 Apr 2012 24,520 –– 24,520
30 Apr 2003 12.23 30 Apr 2004 30 Apr 2013 4,904 –– 4,904
Employee compensation and benefits
Note 9 on the Financial Statements gives details
about employee compensation and benefits including
pension plans.
Set out below is information in respect of the
five individuals (including a Director of HSBC
Holdings) whose emoluments were the highest in
HSBC for the year ended 31 December 2007.
£000
Basic salaries, allowances and benefits in
kind .......................................................... 2,797
Pension contributions .................................. 500
Bonuses paid or receivable .......................... 24,566
Total ............................................................. 27,863
Total (US$000) ............................................ 55,775
Their emoluments are within the following
bands:
Number of
Employees
£3,700,001 – £3,800,000 ............................. 1
£4,400,001 – £4,500,000 ............................. 1
£4,700,001 – £4,800,000 ............................. 1
£4,900,001 – £5,000,000 ............................. 1
£9,900,001 – £10,000,000 ........................... 1
The aggregate remuneration of Directors and
Senior Management for the year ended 31 December
2007 was US$92,586,000.
The aggregate amount set aside or accrued to
provide pension, retirement or similar benefits for
Directors and Senior Management for the year ended
31 December 2007 was US$2,027,455.
Executive Directors and members of Senior
Management are generally subject to notice periods
of up to 12 months and a normal retirement age
of 65.