Summary director’s remuneration report

SUMMARY OF EXECUTIVE SHARE OPTIONS AND SHAREHOLDINGS
a) Options over shares
Options held by directors over shares in Reed Elsevier PLC and Reed Elsevier NV are shown below:
    Reed Elsevier PLC         Reed Elsevier NV    
 
1 January
2002

Granted
during the
year

(i)		 Exercised
during the
year
31 December
2002		      
1 January
2002		  

Granted
during the
the year

(i)		 Exercised
during the
year
31 December
2002		    
 
M H Armour

– Executive Scheme

– LTIP

– SAYE Scheme


C H L Davis

– Executive Scheme

– Nil cost options

– LTIP

– SAYE Scheme


D J Haank

– Executive Scheme

– LTIP

– Convertible Debentures 


A Prozes

– Executive Scheme

– LTIP

– Nil cost options


G J A van de Aast

– Executive Scheme

– LTIP 		 


393,276

882,016

3,924




615,934

535,332

1,718,213

5,019




139,473

513,680

–




272,066

941,406

40,338




100,257

509,404		  


74,000








148,500










59,843








103,722








58,000






















 


20,000
































20,168


(ii)
































(ii)		  


447,276

882,016

3,924




764,434

535,332

1,718,213

5,019




199,316

513,680

–




375,788

941,406

20,170




158,257

509,404		        




126,852

617,256

–




399,396

319,250

1,202,446

–




154,226

359,485

3,920




190,776

655,310

28,080




71,014

358,658


























(iv)		  




51,926








104,204










41,993








72,783








40,699






















 






















30,000












14,040






















(iii)












(ii)


178,778

617,256

–




503,600

319,250

1,202,446

–




166,219

359,485

–




263,559

655,310

14,040




111,713

358,658		    
 

(i) Options granted in the year over Reed Elsevier PLC shares were at the exercise price of 600p, and over Reed Elsevier NV shares at the exercise price of Euro13.94.

(ii) Retained an interest in all of the shares.

(iii) Retained an interest in 3,000 shares.

(iv) Options lapsed unexercised during the year.

The aggregate notional pre-tax gain made by the directors on the exercise of Reed Elsevier PLC and Reed Elsevier NV share options during the year was £306,843/Euro487,880 (2001: £328,125/Euro528,280).

There have been no changes in the options held by directors over Reed Elsevier PLC and Reed Elsevier NV ordinary shares since 31 December 2002.
b) Interests in shares
The interests of the directors of Reed Elsevier Group plc in the issued share capital of Reed Elsevier PLC and Reed Elsevier NV are shown below:
  Reed Elsevier PLC
ordinary shares		         Reed Elsevier NV
ordinary shares		    

1 January
2002
31 December
2002		      
1 January
2002


31 December
2002		    

M H Armour

J F Brock

C H L Davis

D J Haank

R J Nelissen

S Perrick

A Prozes

Lord Sharman

R W H Stomberg

M Tabaksblat

G J A van de Aast		  
2,500

3,000

74,071

–

–

–

43,329

–

–

–

–		  
22,500

3,000

115,571

–

–

–

63,497

–

–

–

–		        


2,500

–

51,953

28,880

5,000

972

30,360

–

–

8,000

7,500

  
2,500

–

81,553

31,880

5,000

4,000

44,400

–

–

8,000

12,500		    

G J de Boer-Kruyt held no shares in Reed Elsevier PLC or Reed Elsevier NV as at 1 January or 31 December 2002.

There have been no changes in the interests of the directors in the share capital of Reed Elsevier PLC or Reed Elsevier NV since 31 December 2002.
     
1 2 i ii iii iv
© 2003 Reed Elsevier | Forward looking statements | www.reedelsevier.com