Director/PDMR Shareholding

22nd Feb 2008 16:43

Reed Elsevier PLC22 February 2008 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 22 February 2008 Director/PDMR Shareholding Reed Elsevier received notification today that the following awards were grantedto directors of Reed Elsevier PLC and Reed Elsevier NV on 21 February 2008: (a) Under the Reed Elsevier Group plc Share Option Scheme Director No. of Reed Elsevier PLC options No. of Reed Elsevier NV options Exercisable granted at 627.50p per share granted at €12.21 per share betweenSir Crispin Davis 276,000 182,000 2011 - 2018Mark Armour 144,000 94,000 2011 - 2018Gerard van de Aast 134,000 89,000 2011 - 2018Erik Engstrom 143,000 94,000 2011 - 2018Andrew Prozes 145,000 96,000 2011 - 2018 Exercise of the above options is subject to a post grant performance condition,requiring the achievement of 8% per annum compound growth in adjusted EPSexpressed at constant exchange rates, during the three years following thegrant. There is no re-testing of the performance condition. PDMR No. of Reed Elsevier PLC options No. of Reed Elsevier NV options Exercisable granted at 627.50p per share/ granted at €12.21per share/Nil Nil cost restricted shares cost restricted shares awarded* between/ Vesting awarded* date*Ian Fraser 53,000 34,500 2011 - 2018Nick Baker* 6,500* 4,200* 2011*Mark Popolano* 9,400* 6,200* 2011* * denotes an award of restricted shares under the Executive Share Option Scheme (b) Under the Reed Elsevier Group plc Long Term Incentive Share Option Scheme Director No. of Reed Elsevier PLC nil No. of Reed Elsevier NV nil Vesting Date cost conditional shares cost conditional shares awarded awardedSir Crispin Davis 129,000 85,000 2011Mark Armour 67,000 44,000 2011Gerard van de Aast 64,000 42,000 2011Erik Engstrom 68,500 45,000 2011Andrew Prozes 68,000 44,500 2011 PDMR No. of Reed Elsevier PLC nil No. of Reed Elsevier NV nil Vesting Date cost conditional shares cost conditional shares awarded awardedNick Baker 24,300 16,000 2011Ian Fraser 39,800 26,250 2011Mark Popolano 25,750 17,000 2011 Vesting of the above award is subject to the achievement of 12% per annumaveraged compound growth in adjusted earnings per share (EPS) at constantcurrencies of Reed Elsevier PLC and Reed Elsevier NV and the achievement ofmedian total shareholder return (TSR) against a comparator group of seventeenmedia companies, over the three year performance period 2008-2010. The actualnumber of conditional shares that will vest will be determined by theRemuneration Committee, and in accordance with the Rules of the Scheme, byreference to the actual EPS and TSR performance over the three year performanceperiod. No awards will vest if EPS is below 10% per annum. If EPS is 14% perannum and above and TSR is upper quartile and above, 189% of the award willvest. This information is provided by RNS The company news service from the London Stock Exchange

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