Anglo American Annual Report 2012

GOVERNANCE DIRECTORS’ REMUNERATION REPORT(5)Figure 22 records in more detail the changes in conditional interests in BSP Bonus Shares and Enhancement Shares over 2012. The Enhancement Share awards that vested in 2012 related to theperformance period 2009–2011. They were awarded on 18 March 2009 at a share price of £11.62. They vested on 6 March 2012 at a price of £25.42.Figure 22: Bonus Share Plan interestsNumber ofNumber of Enhancement Number of Number of Number ofEnd date ofperformanceBonus Shares Shares Bonus Enhancement EnhancementDate period forBSP interestsTotalinterest at1 January2012conditionallyawardedin March2012conditionallyawardedin March2012Sharesvestedin March2012Sharesvestedin March2012Shareslapsedin March2012Totalinterest at31 December2012Market priceat date of2012 award£of vesting ofBonus Sharesawardedduring 2012EnhancementSharesawardedduring 2012Cynthia Carroll 240,420 35,431 26,573 (48,580) (61,755) – 192,089 27.16 01/01/2015 31/12/2014René Médori 152,812 22,051 16,538 (31,667) (40,255) – 119,479 27.16 01/01/2015 31/12/2014(6)Figure 23 records in more detail the changes in conditional interests in LTIP awards during 2012. The LTIP awards that vested in 2012 related to the performance period 2009–2011.They were awarded on 30 March 2009 at a share price of £12.61. They vested on 12 March 2012 at a price of £26.00.Figure 23: Long Term Incentive Plan interestsLTIP interestsTotalbeneficialinterest inLTIP at1 January2012Number ofsharesconditionallyawardedin March2012Numberof sharesvestedin March2012Numberof shareslapsedin March2012Total beneficialinterest in LTIP at31 December 2012Market priceat date of2012 award £Date of vestingof LTIP awardedduring 2012Cynthia Carroll 337,992 157,733 (117,505) (4,897) 373,323 27.00 31/12/2014René Médori 200,999 85,048 (73,860) (3,078) 209,109 27.00 31/12/2014(7)Figure 24 records in more detail the changes in conditional interests in Share Incentive Plan (SIP) interests during 2012.Figure 24: Share Incentive Plan interestsNumber ofMatching Sharesconditionallyawardedduring 2012Number ofFree Sharesconditionallyawardedduring 2012Number ofFree Sharesvestedduring 2012SIP interestsTotal interestat 1 January2012Number ofMatching Sharesvested during 2012Total interest at31 December 2012Cynthia Carroll 696 70 116 (90) (301) 491René Médori 695 71 116 (89) (301) 492During the year, Cynthia Carroll and René Médori purchased 70 and 71 shares under the SIP respectively, in addition to the shares held by them at 1 January 2012. If these shares are held for three years, they willbe matched by the Company on a one-for-one basis, conditional upon the director’s continued employment. In addition, Cynthia Carroll and René Médori were each awarded 116 free shares under the SIP inMarch 2012. Participants in the SIP are entitled to receive dividends on their shares.Figure 25 records in more detail the changes in conditional interests in SAYE awards during 2012.Figure 25: Directors’ share options (SAYE)Anglo American optionsBeneficialholding at1 January2012 Granted Exercised LapsedBeneficialholding at31 December2012Weighted averageoption price £Earliest date fromwhich exercisableLatestexpiry dateRené Médori 1,587 – – – 1,587 20.98 01/09/2013 28/02/2019124 Anglo American plc Annual Report 2012