Performance Share Plan

RNS Number : 7416W
Telefonica SA
03 August 2009
 






In accordance with article 47 of Royal Decree 1362/2007 of October 19, and article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores), TELEFÓNICAS.A. hereby reports the following



RELEVANT INFORMATION



In accordance with the general terms and conditions of the 'Performance Share Plan 2006'(PSP) authorised by the Annual General Shareholders' Meeting of the Company held on June 21st, 2006,  the Board of Directors of TELEFÓNICA, S.A, at its meeting held on July 29, 2009, has agreed to proceed with the delivery of the total number of shares allotted to the beneficiaries for the first cycle (2006-2009) of this Plan, as long as the Total Shareholder Return (TSR) on TELEFÓNICA, S.A. shares has been higher, during this cycle, than the TSR of the companies that account for 75% of the Comparison Group's stock market capitalisation.

 

In accordance with the above, it is attached as Schedule I the breakdown of shares delivered to the Directors and Executive Officers of TELEFÓNICA, S.A who are beneficiaries of this Plan.


Additionallythe Board of Directors resolved, preceded by the relevant favourable report of the Nominating, Compensation and Corporate Governance Committee, to allocate the shares corresponding to the fourth cycle (2009-2012) of the said Plan, as per the attached breakdown, included as Schedule II, as far as Directors and Executive Officers are concerned.


MadridAugust 3, 2009.






Communication of remuneration plans for Directors or Executive Officers

(Royal Decree 1362/2007 of October 19th)


SCHEDULE I


LIST OF DIRECTORS AND EXECUTIVE OFFICERS WHO ARE BENEFICIARIES OF THE PLAN

(FIRST CYCLE 2006-2009)



I.-  Executive Directors


First name and surname

Number of shares delivered

Percentage of share capital

Mr. César Alierta Izuel

129,183

0.003%

Mr. Julio Linares López

65,472

0.001%

Mr. José María Álvarez-Pallete López

62,354

0.001%


II.-  Executive Officers


First name and surname

Number of shares delivered

Percentage of share capital

Mr. Santiago Fernández Valbuena 

62,354

0.001%

Mr. Guillermo Ansaldo Lutz

36,165

0.001%

Mr.  Matthew Key*

91,037

0.002%

Mr. Luis Abril Pérez

38,036

0.001%

Mr. Calixto Ríos Pérez*

19,244

0.000%

Mr. Ramiro Sánchez de Lerín García-Ovies

37,412

0.001%


*  It is stated that the number of shares delivered to the beneficiary is lower than the number of shares allotted included in the table, because the number of shares equivalent to the amount to be withheld for tax purposes in the case of Spanish tax residents has been deducted from the total amount of shares allotted.


  Communication of remuneration plans for Directors or Executive Officers

(Royal Decree 1362/2007 of October 19th)


SCHEDULE II


LIST OF DIRECTORS AND EXECUTIVE OFFICERS WHO ARE BENEFICIARIES OF THE PLAN

(FOURTH CYCLE 2009-2012)

I.-  Executive Directors.



First name and surname

Maximum number of shares allotted

Percentage of share capital

Mr. César Alierta Izuel

173,716

0.004%

Mr. Julio Linares López

130,287

0.003%

Mr. José María Álvarez-Pallete López

78,962

0.002%


II.-  Executive Officers.



First name and surname

Maximum number of shares allotted

Percentage of share capital

Mr. Santiago Fernández Valbuena 

78,962

0.002%

Mr. Guillermo Ansaldo Lutz

77,872

0.002%

Mr.  Matthew Key

111,995

0.002%

Mr. Luis Abril Pérez

55,141

0.001%

Mr. Calixto Ríos Pérez

16,572

0.000%

Mr. Ramiro Sánchez de Lerín García-Ovies

54,237

0.001%



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