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26 Tesco PLC
Directors’ remuneration report continued
Table 4 Executive share options held by Directors continued
Executive share option schemes (1984), (1994) and (1996)
As at Options Options As at Date
28 Feb granted exercised 26 Feb Exercise price from which
Date of grant 2004 in year(b) in year 2005 (pence) exercisable Expiry date
Mr T J R Mason (a) 21.05.1998 149,076 – 149,076 – 176.7 21.05.2001 21.05.2008
30.09.1998 63,415 – 63,415 – 164.0 30.09.2001 30.09.2008
28.01.1999 255,796 – 255,796 – 178.0 28.01.2002 28.01.2009
30.11.1999 87,861 – 87,861 – 173.0 30.11.2002 30.11.2009
26.06.2000 419,512 – 419,512 – 205.0 26.06.2003 26.06.2010
26.04.2001 359,678(a) – 11,500 348,178 247.0 26.04.2004 26.04.2011
15.04.2002 373,451(a) – – 358,301 259.0 15.04.2005 15.04.2012
14.04.2003 540,494(a) – – 523,544 197.5 14.04.2006 14.04.2013
30.04.2004 – 447,980 – 434,353 253.3 30.04.2007 30.04.2014
Total 2,249,283 447,980 987,160 1,664,376
Mr D T Potts 30.09.1998 38,756 – 38,756 – 164.0 30.09.2001 30.09.2008
28.01.1999 288,730 – 288,730 – 178.0 28.01.2002 28.01.2009
30.11.1999 199,827 – 199,827 – 173.0 30.11.2002 30.11.2009
26.06.2000 360,975 – 360,975 – 205.0 26.06.2003 26.06.2010
26.04.2001 299,595 – – 299,595 247.0 26.04.2004 26.04.2011
15.04.2002 328,185 – – 328,185 259.0 15.04.2005 15.04.2012
14.04.2003 501,266 – – 501,266 197.5 14.04.2006 14.04.2013
30.04.2004 – 434,353 – 434,353 253.3 30.04.2007 30.04.2014
Total 2,017,334 434,353 888,288 1,563,399
(a) Includes family interests. No options lapsed in the year except options over 45,727 shares granted to Mrs F Mason.
(b)These options are subject to performance conditions which are set out on page 19.
The market price at exercise is shown in Table 3.
Mr R S Ager and Mr J Gildersleeve no longer have any options under the Executive Share Option Schemes (1984), (1994) and (1996).
Mr R S Ager’s and Mr J Gildersleeve’s remaining options as at 28 February 2004 were exercised during the year.
Table 5 Save as you earn share options
Savings-related share option scheme (1981)
Value Value
As at Options Options Options As at Exercise realisable realisable
28 Feb granted exercised lapsed 26 Feb price 2005 2004
Date of grant 2004 in year in year(c) in year 2005 (pence) £’000 £’000
Sir Terry Leahy 28.10.1999 2,235 – 2,235 – – 151.0 4 –
26.10.2000 1,704–––1,704 198.0 – –
08.11.2001 1,671–––1,671 198.0 – –
08.11.2002 2,066–––2,066 159.0 – –
06.11.2003 1,625–––1,625 195.0 – –
04.11.2004 – 1,424 – – 1,424 232.0 – –
Total 9,301 1,424 2,235 – 8,490 4 –
Mr R S Ager (a) 28.10.1999 2,235 – 1,944 291 – 151.0 2 –
26.10.2000 1,704 – 1,117 587 – 198.0 1 –
08.11.2001 1,671 – 751 920 – 198.0 – –
06.11.2003 946 – 102 844 – 195.0 – –
Total 6,556 – 3,914 2,642 – 3 5
Mr R Brasher 28.10.1999 2,235 – 2,235 – – 151.0 4 –
26.10.2000 1,704–––1,704 198.0 – –
08.11.2001 1,671–––1,671 198.0 – –
08.11.2002 2,066–––2,066 159.0 – –
06.11.2003 1,625–––1,625 195.0 – –
04.11.2004 – 1,424 – – 1,424 232.0 – –
Total 9,301 1,424 2,235 – 8,490 4 –