Outstanding share-based awards

In the interests of transparency, the following tables summarise all unexercised share options and share-based awards either vesting in the year or subject to ongoing performance conditions.

Executive Share Awards (ESA) held by executive directors

All Executive Share Awards made under the Restricted Stock Plan are made on the basis of satisfaction of previous performance conditions and are subject to continuous employment until the vesting date. The table does not include the 2013 ESAs as these will not be granted until after publication of this Annual Report. Unless otherwise noted, awards are made in the form of WPP ordinary shares.

Sir Martin Sorrell

2009 ESA 2010 ESA 2011 ESA 2012 ESA1
Grant date 04.05.10 31.03.11 30.04.12 30.05.13
Share/ADR price
on grant date
£6.7775 £7.6825 £8.3325 £11.6450
No. of shares/ ADRs granted4 80,560 123,657 360,396 132,139
Face value on grant date3
000
£546 £950 £3,003 £1,539
Additional shares granted
in lieu of dividends
5,510 7,421
Total shares vesting 86,070 131,078
Vesting date 01.05.13 01.05.13 06.03.14 06.03.15
Share/ADR price on vesting £10.6485 £10.6485
Value on vesting
000
£917 £1,396

Paul Richardson2

2009 ESA 2010 ESA 2011 ESA 2012 ESA1
Grant date 04.05.10 31.03.11 30.04.12 30.05.13
Share/ADR price
on grant date
$51.5900 $61.7600 $67.8200 $88.3100
No. of shares/ ADRs granted4 11,813 19,121 21,995 12,575
Face value on grant date3
000
$609 $1,181 $1,492 $1,110
Additional shares granted
in lieu of dividends
826 1,173
Total shares vesting 12,639 20,294
Vesting date 06.03.13 06.03.13 06.03.14 06.03.15
Share/ADR price on vesting $80.9678 $80.9678
Value on vesting
000
$1,023 $1,643

Mark Read

2009 ESA 2010 ESA 2011 ESA 2012 ESA1

1 During 2013, ESAs were granted in respect of annual bonuses for the year ending 31 December 2012. The grants represent 50% of the total bonus earned and are not subject to a secondary performance requirement, other than continued employment.

2 Paul Richardson’s 2009, 2010, 2011 and 2012 ESAs were granted in respect of ADRs.

3 Face value has been calculated using the average closing share price for the five trading days preceding the date of grant (as set out in the table).

4 Dividend shares will be due on these awards.

Grant date 04.05.10 31.03.11 30.04.12 30.05.13
Share/ADR price
on grant date
£6.7775 £7.6825 £8.3325 £11.6450
No. of shares/ ADRs granted4 23,164 38,138 48,454 24,452
Face value on grant date3
000
£157 £293 £404 £285
Additional shares granted
in lieu of dividends
1,584 2,289
Total shares vesting 24,748 40,427
Vesting date 01.05.13 01.05.13 06.03.14 06.03.15
Share/ADR price on vesting £10.6485 £10.6485
Value on vesting
000
£264 £430

Long-term incentive plans – Leadership Equity Acquisition Plans

The following table summarises all of the awards outstanding under Renewed LEAP and LEAP III. Awards granted in 2008 were granted under Renewed LEAP. Awards granted in 2009, 2010, 2011 and 2012 were granted under LEAP III.

Sir Martin Sorrell

Award date 31.10.08 15.12.09 24.11.10 07.12.11 10.12.12
Investment and performance period 01.01.08 – 31.12.12 01.01.09 – 31.12.13 01.01.10 – 31.12.14 01.01.11 – 31.12.15 01.01.12 – 31.12.16
Number of investment shares/ ADRs committed by executive 218,596 365,878 416,666 711,159 431,034
Share/ ADR price
on grant date
£3.7490 £6.1025 £7.2475 £6.6475 £8.5975
Maximum number of matching units
at 1 Jan 2013
1,092,980 1,829,390 2,083,330 3,555,795 2,155,170
During 2013 Granted/
(lapsed)
units
(155,203)
Additional dividend shares 115,688
Vested or deferred shares 1,053,465
Maximum number of matching units
at 31 Dec 2013
1,829,390 2,083,330 3,555,795 2,155,170
Share/ADR price
on vesting
£10.7907
Value on vest/deferral date
000
£11,368

Paul Richardson

Award date 31.10.08 15.12.09 24.11.10 07.12.11 10.12.121

1 Paul Richardson’s 2012 LEAP award was granted in respect of ADRs.

Investment and performance period 01.01.08 – 31.12.12 01.01.09 – 31.12.13 01.01.10 – 31.12.14 01.01.11 – 31.12.15 01.01.12 – 31.12.16
Number of investment shares/ ADRs committed by executive 109,298 103,423 100,968 100,344 15,517
Share/ ADR price
on grant date
£3.7490 £6.1025 £7.2475 £6.6475 $69.2500
Maximum number of matching units
at 1 Jan 2013
546,490 517,115 504,840 501,720 77,585
During 2013 Granted/
(lapsed)
units
(77,602)
Additional dividend shares 57,842
Vested or deferred shares 526,730
Maximum number of matching units
at 31 Dec 2013
517,115 504,840 501,720 77,585
Share/ADR price
on vesting
£10.7907
Value on vest/deferral date
000
£5,684

Mark Read

Award date 31.10.08 15.12.09 24.11.10 07.12.11 10.12.12
Investment and performance period 01.01.08 – 31.12.12 01.01.09 – 31.12.13 01.01.10 – 31.12.14 01.01.11 – 31.12.15 01.01.12 – 31.12.16
Number of investment shares/ ADRs committed by executive 21,859 27,406 25,281 30,166 23,276
Share/ ADR price
on grant date
£3.7490 £6.1025 £7.2475 £6.6475 £8.5975
Maximum number of matching units
at 1 Jan 2013
109,295 137,030 126,405 150,830 116,380
During 2013 Granted/
(lapsed)
units
(15,520)
Additional dividend shares 11,566
Vested or deferred shares 105,341
Maximum number of matching units
at 31 Dec 2013
137,030 126,405 150,830 116,380
Share/ADR price
on vesting
£10.7907
Value on vest/deferral date
000
£1,137

Long-term incentive plans – Executive Performance Share Plan

The following table summarises all of the awards outstanding under Executive Performance Share Plan.

Sir Martin Sorrell

Grant date 28.06.13
Performance period 01.01.13 – 31.12.17
Maximum Number of nil cost options over shares/ADRs awarded 1,032,540
Share/ADR price
on grant date
£10.840
During 2013 Options vested/ (lapsed)
Additional dividend shares
Options exercised or deferred
Maximum number of nil cost options over shares/ADRs at 31 Dec 20131 1,032,540

Paul Richardson2

Grant date 28.06.13
Performance period 01.01.13 – 31.12.17
Maximum Number of nil cost options over shares/ADRs awarded 52,026
Share/ADR price
on grant date
$83.4186
During 2013 Options vested/ (lapsed)
Additional dividend shares
Options exercised or deferred
Maximum number of nil cost options over shares/ADRs at 31 Dec 20131 52,026

Mark Read

Grant date 28.06.13

1 Dividend shares will be due on these awards.

2 Paul Richardson's 2013 EPSP award was granted in respect of ADRs.

Performance period 01.01.13 – 31.12.17
Maximum Number of nil cost options over shares/ADRs awarded 78,355
Share/ADR price
on grant date
£10.840
During 2013 Options vested/ (lapsed)
Additional dividend shares
Options exercised or deferred
Maximum number of nil cost options over shares/ADRs at 31 Dec 20131 78,355

See full details of the 2013 EPSP award, including performance measures and targets.

Options held by executive directors (audited)

The options held by Mark Read at 1 January 2013 were granted prior to him becoming a director of the Company and were not subject to any performance conditions. All outstanding options were exercised on 12 September 2013.

Grant/ award date End of exercise period Exercise price At 1 Jan 2013 (no. of shares) Granted (Lapsed) 2013 (no. of shares) Exercised 2013 (no. of shares) Share price on exercise At 31 Dec 2013 (no. of shares)
Mark Read 17.11.2003 17.11.2013 £5.5950 10,615 10,615 £12.7700
29.10.2004 29.10.2014 £5.5350 9,879 9,879 £12.7700

Chapter 9 of 13

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