Tesco 2002 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2002 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

14 TESCO PLC report of the directors on remuneration continued
TABLE 5 Share options held by Directors and not exercised at 23 February 2002
Savings-related share option scheme (1981)Number of shares Value realisable
As at As at Exercise price 2002 2001
24 Feb 2001 Granted (a) Exercised 23 Feb 2002 pence £000 £000
Sir Terry Leahy 12,252 1,671 8,313 5,610 151.0-198.0 13 –
Mr D E Reid 16,218 959 8,313 8,864 121.7-198.0 13 –
Mr R S Ager 8,902 1,671 – 10,573 136.0-198.0 – –
Mr P A Clarke 13,551 1,671 4,155 11,067 121.7-198.0 7 7
Mr J Gildersleeve 12,444 – – 12,444 121.7-198.0 – –
Mr A T Higginson 3,939 1,671 – 5,610 151.0-198.0 – –
Mr T J R Mason 10,743 15,142 – 25,885 83.0-198.0 – 4
Mr D T Potts 1,704 1,671 – 3,375 198.0 – 35
(a) Options granted include new family interests that fall to be reported during the year.
The subscription price for options granted during the year under the savings-related share option scheme was 198.0p and the options mature
in either 2005 (three year scheme) or 2007 (five year scheme).The shares relating to options exercised in the year were all retained.
Between 23 February 2002 and 9 April 2002, 12,468 options were exercised. For further details on the company share option schemes
see note 26.
TABLE 6 Disclosable interests of the Directors, including family interests
23 Feb 2002 24 Feb 2001
Options to Options to
acquire acquire
Ordinary ordinary Ordinary ordinary
shares shares shares shares
Mr J A Gardiner 618,464 – 507,268 –
Sir Terry Leahy 1,997,093 4,100,320 1,870,876 3,459,189
Mr D E Reid 1,990,388 2,586,218 1,963,757 2,091,548
Mr R S Ager 1,163,582 1,509,563 1,338,085 1,184,006
Mr P A Clarke 323,702 1,203,427 197,832 1,000,315
Mr J Gildersleeve 1,291,365 2,230,443 1,282,598 1,801,294
Mr A T Higginson 451,569 1,286,600 300,227 936,751
Mr T J R Mason 840,590 1,602,780 811,528 1,185,072
Mr J W Melbourn 9,690 – 9,690 –
Mr G F Pimlott 31,851 – 27,285 –
Mr D T Potts 453,441 1,191,258 324,137 889,992
Options to acquire ordinary shares shown above comprise options under the executive share option schemes (1984), (1994), (1996) and the
savings-related share option scheme (1981) (note 26).
Between 23 February 2002 and 9 April 2002, 810 shares were purchased by Executive Directors as part of the Partnership Share Plan
operated by the Group and 12,468 SAYE options were exercised, the shares issued in relation to these options continue to be held.