RBS 2007 Annual Report Download - page 117

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RBS Group • Annual Report and Accounts 2007
Governance
Preference shares
Mr Fish held 20,000 non-cumulative preference shares of
US$0.01 each at 31 December 2007 (2006 – 20,000) and Mr
Koch held 20,000 non-cumulative preference shares of
US$0.01 each at 31 December 2007 (2006 – 20,000). No other
director had an interest in the preference shares during the year.
No director held a non-beneficial interest in the shares of the
company at 31 December 2007, at 1 January 2007 or date of
appointment if later.
Shares beneficially owned at 1 January 2007 in the tables below have been restated to reflect the bonus issue of ordinary shares in
May 2007.
31 December 2007
Shares Vested Value as at
beneficially Shares MPP shares Vested 31 December
owned at owned or share share 2007(2,3)
Executive directors 1 January 2007 beneficially equivalents options Total £
Sir Fred Goodwin 200,532 694,498 380,685 1,457,676 2,532,859 5,732,777
Mr Cameron 6,036 16,582 233,706 655,998 906,286 1,413,969
Mr Fish 33,360 33,360 — 323,631 356,991 578,548
Mr Fisher 13,494 21,345 84,000 516,660 622,005 747,907
Mr Pell 1,746 155,394 — 461,151 616,545 737,259
Mr Whittaker 154,815 278,191 — — 278,191 1,235,168
Notes:
(1) The numbers shown in this table are taken from the audited disclosures shown elsewhere in this Annual Report.
(2) The value is based on the share price at 31 December 2007, which was £4.44. During the year ended 31 December 2007 the share price ranged from £3.97 to £7.20.
(3) The notional value of the vested share options has been calculated on the ‘in the money’ value using the share price of £4.44 as at 31 December 2007 less the option prices of
vested options.
(4) As at 31 December 2007, the executive directors held a technical interest as potential beneficiaries in The Royal Bank of Scotland Group plc 2001 Employee Share Trust
(9,570,456 shares) and The Royal Bank of Scotland plc 1992 Employee Share Trust (904,326 shares), being trusts operated for the benefit of employees of the company and its
subsidiaries.
Shares Shares
beneficially beneficially
owned at owned at
1 January 31 December
Non-executive directors 2007 2007
Chairman
Sir Tom McKillop 90,000 208,000
Mr Buchan 15,000 40,000
Dr Currie 1,668 1,668
Mr Friedrich 60,768 110,475
Mr Hunter 10,500 10,500
Mr Koch 60,000 90,000
Mrs Kong 21,000 26,000
Mr MacHale 30,000 72,200
Mr Scott 13,344 23,344
Mr Sutherland 16,770 17,643
No other director had an interest in the company’s ordinary shares during the year.
On 7 January 2008 and 7 February 2008, 29 and 33 ordinary shares of 25p each, respectively, were acquired by both
Sir Fred Goodwin and Mr Fisher under the Group’s Buy As You Earn share scheme.
Directors’ interests in shares