BP 2008 Annual Report Download - page 85

BP Annual Report and Accounts 2008
Directors’ remuneration report
Share optionsa
Market price Date from
Option At 31 Dec Option at date of which first
type At 1 Jan 2008 Granted Exercised 2008 price exercise exercisable Expiry date
Dr A B Hayward SAYE 3,220 – – 3,220 £5.00 01 Sep 2011 29 Feb 2012
EXEC 34,000 – – 34,000 £5.99 15 May 2003 15 May 2010
EXEC 77,400 – – 77,400 £5.67 23 Feb 2004 23 Feb 2011
EXEC 160,000 – – 160,000 £5.72 18 Feb 2005 18 Feb 2012
EDIP 220,000 – – 220,000 £3.88 17 Feb 2004 17 Feb 2010
EDIP 275,000 – – 275,000 £4.22 25 Feb 2005 25 Feb 2011
I C Conn SAYE 1,456 – 1,456 – £3.50 £4.72b 01 Sep 2008 28 Feb 2009
SAYE 1,186 – – 1,186 £3.86 01 Sep 2009 28 Feb 2010
SAYE 1,498 – – 1,498 £4.41 01 Sep 2010 28 Feb 2011
SAYE – 617 – 617 £4.87 01 Sep 2011 01 Feb 2012
EXEC 72,250 – – 72,250 £5.67 23 Feb 2004 23 Feb 2011
EXEC 130,000 – – 130,000 £5.72 18 Feb 2005 18 Feb 2012
Dr B E Grotec BPA 10,404 – – 10,404 $53.90 15 Mar 2000 14 Mar 2009
BPA 12,600 – – 12,600 $48.94 28 Mar 2001 27 Mar 2010
EDIP 40,182 – 40,182 – $49.65 $65.58-$66.50 19 Feb 2002 19 Feb 2008
EDIP 58,173 – – 58,173 $48.82 18 Feb 2003 18 Feb 2009
EDIP 58,173 – – 58,173 $37.76 17 Feb 2004 17 Feb 2010
EDIP 58,333 – – 58,333 $48.53 25 Feb 2005 25 Feb 2011
A G Inglis SAYE 4,550 – – 4,550 £3.50d 01 Sep 2008 28 Feb 2009
EXEC 72,250 – – 72,250 £5.67 23 Feb 2004 22 Feb 2011
EXEC 119,000 – – 119,000 £5.72 18 Feb 2005 17 Feb 2012
EXEC 119,000 – – 119,000 £3.88 17 Feb 2006 16 Feb 2013
EXEC 100,500 – – 100,500 £4.22 25 Feb 2007 24 Feb 2014
Directors leaving the
board in 2008
Dr D C Allen EXEC 37,000 – – 37,000e £5.99 15 May 2003 15 May 2010
EXEC 87,950 – – 87,950e £5.67 23 Feb 2004 23 Feb 2011
EXEC 175,000 – – 175,000e £5.72 18 Feb 2005 18 Feb 2012
EDIP 220,000 – – 220,000e £3.88 17 Feb 2004 17 Feb 2010
EDIP 275,000 – – 275,000e £4.22 25 Feb 2005 25 Feb 2011
The closing market prices of an ordinary share and of an ADS on 31 December 2008 were £5.26 and $46.74 respectively.
During 2008, the highest market prices were £6.50 and $76.12 respectively and the lowest market prices were £3.76 and $39.56 respectively.
BPA = BP Amoco share option plan, which applied to US executive directors prior to the adoption of the EDIP.
EDIP = Executive Directors’ Incentive Plan adopted by shareholders in April 2005 as described on page 80.
EXEC = Executive Share Option Scheme. These options were granted to the relevant individuals prior to their appointments as directors and are not subject to performance conditions.
SAYE = Save As You Earn employee share scheme.
aThis information has been subject to audit.
bClosing market price for information. Shares were retained when exercised.
cNumbers shown are ADSs under option. One ADS is equivalent to six ordinary shares.
dOptions exercised on 21 January 2009 and the shares were retained by Mr Inglis. Closing market price for information on that date was £4.86.
eOn leaving the board on 31 March 2008.
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