Report on directors' remuneration
Notes contentsTable 3: Interests of directors
Ordinary shares at 1 Jan 09 | Ordinary shares at 31 Dec 09 | |
---|---|---|
Glen Moreno | 210,000 | 210,000 |
Marjorie Scardino | 632,755 | 824,124 |
David Arculus | 11,740 | 13,044 |
David Bell (stepped down 1 May 2009) | 250,348 | 253,050 |
Terry Burns | 10,290 | 12,008 |
Patrick Cescau | 4,144 | 5,356 |
Will Ethridge | 128,758 | 262,988 |
Rona Fairhead | 209,259 | 270,982 |
Robin Freestone | 44,379 | 118,996 |
Susan Fuhrman | 7,365 | 9,384 |
Ken Hydon | 8,559 | 9,774 |
John Makinson | 397,733 | 474,581 |
CK Prahalad | 969 | 2,197 |
Note 1 Ordinary shares include both ordinary shares listed on the London Stock Exchange and American Depositary Receipts (ADRs) listed on the New York Stock Exchange. The figures include both shares and ADRs acquired by individuals investing part of their own after-tax annual bonus in Pearson shares under the annual bonus share matching plan.
Note 2 No director sold shares during the year other than to satisfy income tax liability on the release of restricted shares.
Note 3 At 31 December 2009, John Makinson held 1,000 shares in Interactive Data Corporation.
Note 4 From 2004, Marjorie Scardino is also deemed to be interested in a further number of shares under her unfunded pension arrangement described in this report, which provides the opportunity to convert a proportion of her notional cash account into a notional share account reflecting the value of a number of Pearson shares.
Note 5 The register of directors' interests (which is open to inspection during normal office hours) contains full details of directors' shareholdings and options to subscribe for shares. The market price on 31 December 2009 was 891.0p per share and the range during the year was 578.0p to 892.5p.
Note 6 At 31 December 2009, Patrick Cescau held 168,000 Pearson bonds.
Note 7 There were no movements in ordinary shares between 1 January 2010 and a month prior to the sign-off of this report.