Tesco 2010 Annual Report Download - page 68

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Directors’ remuneration report continued
Table 11 Disclosable interests of the Directors, including family interests, in Tesco PLC 5p Ordinary shares
28 February 2009
27 February 2010 (or on appointment if later)
Options Options
to acquire to acquire
Ordinary ordinary Ordinary ordinary
shares1,3 shares2,3 shares1 shares2
Executive Directors
Richard Brasher 1,186,704 2,044,136 189,825 3,684,552
Philip Clarke 1,811,821 2,849,105 1,344,598 3,331,548
Andrew Higginson 1,586,895 2,849,105 1,287,438 3,765,901
Sir Terry Leahy 7,806,736 10,639,425 5,992,724 12,558,542
Tim Mason 4,134,570 1,159,489 4,365,664 2,641,390
Laurie McIlwee 237,241 743,466 320,878 384,824
Lucy Neville-Rolfe 443,091 1,417,358 197,903 1,226,627
David Potts 2,559,979 2,849,105 1,737,555 3,331,548
Non-Executive Directors
Charles Allen – – – –
Patrick Cescau5 – – – –
Rodney Chase – – – –
Karen Cook – – – –
Harald Einsmann5 355,984 – 303,209 –
Ken Hanna4 – – – –
Ken Hydon 30,093 – 30,093 –
David Reid 194,080 – 193,825 –
Jacqueline Tammenoms Bakker – – – –
Total 20,347,194 24,551,189 15,963,712 30,924,932
1 Ordinary shares shown in this table include restricted shares held under the Performance Share Plan shown in table 6, restricted shares held under the Executive Incentive Plan shown in
table 9, shares held under the Long-Term Incentive Plan shown in table 10 and shares held under a promise by Tim Mason under the Performance Share Plan, US Long-Term Incentive
Plan and Executive Incentive Plan shown in tables 6, 8 and 9 respectively. Between 28 February 2010 and 30 April 2010, 353 shares were purchased by Executive Directors as part of the
Buy As You Earn scheme, Tim Mason sold 157,520 shares at 440.1p on 22 April 2010, and David Potts exercised options over 784,752 shares on 22 April 2010 and sold the shares at 440.00p.
2 Options to acquire Ordinary shares shown in this table comprise options held under the Executive Share Option Scheme and Discretionary Share Option Plan shown in table 4, Save As
You Earn scheme shown in table 5, and nil cost options held under the Performance Share Plan, Group New Business Incentive Plan and Executive Incentive Plan shown in tables 6, 7 and
9 respectively.
3 During the year a number of awards were reclassified from nil cost options to restricted shares after Executive Directors agreed to exchange awards already earned under the Performance
Share Plan and the Executive Incentive Plan to crystallise their tax due. While the commercial structure of the awards remained the same, the restricted shares are now classified under
Ordinary shares.
4 Ken Hanna was appointed on 1 April 2009.
5 On 21 April 2009, Patrick Cescau purchased a nominal amount of £160,000 of Tesco PLC 6.625% 12/10/10 bonds at a price of 105.75p per bond. On 15 May 2009, Harald Einsmann purchased
a nominal amount of £110,000 Tesco PLC 5.00% 24/02/14 bonds at a price of 104.40p per bond. Further information on Tesco bonds can be found in note 21 of the Group financial statements.
66 Tesco PLC Annual Report and Financial Statements 2010