52 Dialog Semiconductor Plc | Annual report and accounts 2012 |  Section 3 | Management and governance Directors’ remuneration report continued Share options granted to the  executive Director Share options granted to the  non-executive Directors 14 February 2013 Tim Anderson Secretary Approved by the Board of Directors and signed on its behalf by: 1)The market price as a weighted average price 2) Before broker fees as appropriate Market price Gain on  31 31 of exercised  the exercise Director Exercise price  December December options¹$^{)}$  of options$^{2)}$  €  Date of grant  Expiry date  Vesting period  2011  Forfeited  Granted  Exercised  2012 € € Chris Burke 1.40  12.07.2006  11.07.2013  48 months  5,210  –  (5,210)  – 16.30 77,629 1.17  22.04.2009  24.04.2016  12 months  18,547  –  (18,547)  – 16.30 280,616 0.15 21.07.2011 21.07.2018 48 months 2,039 – – 2,039 – – 0.15 18.07.2012 18.07.2019 48 months – – 1,850 – 1,850 – – Aidan Hughes 1.27 19.06.2006 18.06.2013 48 months 4,168 – – (4,168) – 15.75 60,353 1.35 30.04.2008 29.04.2015 12 months 20,000 – – (20,000) – 15.75 288,000 1.17  22.04.2009  21.04.2016  12 months  20,000  –  –  (20,000)  – 15.75 291,600 0.15 21.07.2011 21.07.2018 48 months 2,293 – – – 2,293 – – 0.15 18.07.2012 18.07.2019 48 months – – 2,081 – 2,081 – – John McMonigall 1.27 19.06.2006 18.06.2013 48 months 5,210 – – (5,210) – 15.75 75,441 1.17  22.04.2009  21.04.2016  12 months  3,340  –  –  (3,340)  – 15.75 48,697 0.15 21.07.2011 21.07.2018 48 months 2,039 – – – 2,039 – – 0.15 18.07.2012 21.07.2019 48 months – – 1,850 – 1,850 – – Gregorio Reyes 0.15 21.07.2011 21.07.2018 48 months 2,803 – – – 2,803 – – 0.15 18.07.2012 21.07.2019 48 months – – 2,544 – 2,544 – – Russ Shaw 1.35  30.04.2008  29.04.2015  12 months  20,000  –  –  (20,000)  – 15.75 288,000 1.17  22.04.2009  21.04.2016  12 months  20,000  –  –  (20,000)  – 15.75 291,600 0.15 21.07.2011 21.07.2018 48 months 2,293 – – – 2,293 – – 0.15 18.07.2012 21.07.2019 48 months – – 2,081 – 2,081 – – Peter Tan 0.15  21.07.2011  21.07.2018  48 months  2,039  (2,039)  –  –  – – – Peter Weber 0.15 21.07.2011 21.07.2018 48 months 2,039 – – – 2,039 – – 0.15 18.07.2012 21.07.2019 48 months – – 1,850 – 1,850 – – Chang-Bun Yoon 0.15 18.07.2012 21.07.2019 48 months – – 1,850 – 1,850 – – Total 132,020 (2,039) 14,106 (116,475) 27,612 – 1,701,936 The share option grants to non-executive Directors are as follows: Each non-executive Director was previously  entitled to an initial grant of 50,000 options  vesting monthly in 48 equal tranches. Up to the 2009 AGM each non-executive Director  received a further 20,000 options vesting over 12 months.  This practice ceased at the 2010 AGM. All remaining options were exercised during  2012. At the 2011 AGM Shareholders resolved  that one-third of the non-executive Directors’  remuneration should be satisfied in market value  shares in the Company, via nominal price options  (with an exercise price of €0.15), the exercise of which is conditional on the Director  still being a member of the Board immediately  before the third AGM following grant. Subject to Shareholder approval, it is intended  that for 2013 onwards all non-executive  Directors’ fees will be paid in cash.  Market price of  Gain on the  exercised options¹ ) exercise of options  Exercise price  Date of grant  Expiry date  Vesting period 31 December 2011  Granted  Exercised  31 December 2012 € € €1.52  13.05.2009  12.05.2016  1-44 months  58,892  –  (39,650)  19,242 16.71 602,204 £0.10  21.02.2010  04.02.2015 0 and 12 months  445,290  –  (290,290)  155,000 16.27 4,692,245 £0.10 18.02.2011 18.02.2016 Immediately 508,170 – – 508,170 – – €0.12 16.02.2012 16.02.2018 3 years – 97,603 – 97,603  – – 1,012,352 97,603 (329,940) 780,015 5,292,626 The grants in 2010 and 2011 reflect awards  made at the end of the performance period  under the LTIP. The 2012 award was made under the EIP. As at 31 December 2012, Jalal Bagherli,  executive Director, held 780,015 options over  ordinary shares which entitle him to acquire the same amount of shares. 1)The market price as a weighted average price