In addition to the above Adjusted Basic EPS targets, LSL’s TSR must exceed that of the FTSE 250 index (excluding investment trusts) over the three
year performance period for any of the 2011 JSOP awards to vest.
Other options granted to Executive Directors to acquire Ordinary Shares in LSL are as follows:
Share price Exercise As at 1st As at 31st
on grant price January Awards Awards Awards Awards December
Director Award Type Date of grant (pence) (pence) 2012 granted lapsed exercised vested 2012 Exercise Period
Steve Cooke CSOP 24th August 2010 248.75 252 11,870 – – – – 11,870 24th August 2013
to 24th August 2020
SAYE 5th April 2011 245 257 3,511 – – – – 3,511 5th April 2014 to
5th October 2014
Governance
Directors’ Report and Business Review
LTIP 2nd April 2012 271 275 – 80,000 – – – 80,000 2nd April 2015 to
2nd April 2022
Simon Embley CSOP 11th June 2010 237.5 240 12,500 – – – – 12,500 11th June 2013 to
11th June 2020
SAYE 5th April 2011 245 257 3,511 – – – – 3,511 5th April 2014 to
5th October 2014
LTIP 2nd April 2012 271 275 – 90,909 – – – 90,909 2nd April 2015 to
2nd April 2022
David Newnes CSOP 11th June 2010 237.5 240 12,500 – – – – 12,500 11th June 2013 to
11th June 2020
SAYE 5th April 2011 245 257 3,511 – – – – 3,511 5th April 2014 to
5th October 2014
LTIP 2nd April 2012 271 275 – 50,909 – – – 50,909 2nd April 2015 to
2nd April 2022
Alison Traversoni1 CSOP 11th June 2010 237.5 240 12,500 – (12,500) – – – 11th June 2013 to
11th June 2020
SAYE 5th April 2011 245 257 3,511 – (3,511) – – – 5th April 2014 to
5th October 2014
LTIP 2nd April 2012 271 275 – 50,909 (50,909) – – – 2nd April 2015 to
2nd April 2022
1
Alison Traversoni retired from the Board on 31st December 2012. As a result her share awards have lapsed.
The aggregate of gains made by Directors on the exercise of any options in the year was £nil (2011: £27,000).
The Ordinary Share mid-market price ranged from 200.00p to 275.00p and averaged 233.94p during 2012. The price on 31st December 2012 was
259.50p compared to 238.75p on 1st January 2012.
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