Information in relation to other outstanding awards (audited)

Performance share plan (PSP)

For information, other outstanding PSP awards are shown below. These were granted in 2012 and 2013 in line with the legacy plan.

 

% of base salary

Face Value £’000

Share price at award £

Max no. of shares

1.

Mark Zinkula’s award, prior to his Board appointment, was 200% of base salary split between the PSP and LGIM LTIP – see table below for LGIM LTIP details.

Grant date 24 April 2012

Nigel Wilson

200%

1,117

1.1783

947,949

John Pollock

200%

840

1.1783

712,871

Mark Gregory

200%

836

1.1783

709,476

Mark Zinkula1

80%

328

1.1783

278,359

Grant date 17 April 2013

Nigel Wilson

200%

1,500

1.6863

889,521

John Pollock

200%

922

1.6863

547,055

Mark Gregory

200%

922

1.6863

547,055

Mark Zinkula

200%

922

1.6863

547,055

Awards granted in 2012 and 2013 under the PSP were subject to a TSR performance condition measured over three years, with 50% of each award subject to TSR performance relative to the FTSE 100 and 50% subject to TSR performance relative to a bespoke industry peer group.

 

Max no. of shares

Additional grant to Nigel Wilson on appointment as group chief executive – follows 2012 performance period but vests on 14 August 2015

291,765

LGIM long term incentive plan (LGIM LTIP) awards

The table below shows the current outstanding awards for Mark Zinkula, which were made prior to his appointment to the Board.

Grant date

% of base salary

No. of notional shares

Face value at grant
£

Notional share price at grant
£

Maximum value of award on vesting
£

1.

Mark Zinkula’s award was 200% of base salary split between the LGIM LTIP and PSP. See above for PSP award.

1 March 20121

120%

92,877

492,000

5.30

984,000

Outstanding Share Bonus Plan (SBP) awards

The table below shows the shares held under the SBP and those that were awarded or vested during 2014. For Mark Zinkula, these include shares awarded when he was appointed as CEO LGIM and prior to him joining the Board. The shares awarded in 2014 relate to deferred AVP in relation to the 2013 performance year. The share price used to calculate the awards is the average of the three days preceding grant.

Grant date

Awards outstanding at 1 January 2014

Awards granted in 2014

Grant price
£

Face value at grant price
£

Awards vesting in 2014

Awards outstanding at 31 December 2013

Nigel Wilson

498,067

154,749

2.115

327,294

188,052

464,764

John Pollock

383,373

105,202

2.115

222,502

117,585

370,990

Mark Gregory

320,701

101,528

2.115

214,732

117,585

304,644

Mark Zinkula

400,318

136,186

2.115

288,033

221,132

315,372

Signature Rudy Markham, Chairman of the Remuneration Committee (handwriting)

Rudy Markham
Chairman of the Remuneration Committee