(i) Acquisition of an interest in 92,390 shares arising from a conditional award of shares under the Group Performance Share Plan being the long-term incentive plan of the HSBC Share Plan 2011. (ii) Acquisition of an interest in 46,230 shares arising from a deferred award of Restricted Shares under the HSBC Share Plan 2011. (iii) Acquisition of an interest in 30,820 shares arising from a non-deferred award of Restricted Shares under the HSBC Share Plan 2011. The Trustees of the Plan sold 15,411 shares to meet the tax liability arising on the immediate vesting of this award. The interest in the balance of 15,409 shares has been transferred to S P O'Sullivan as beneficial owner and must be retained for six months. (iv) Release by the Trustees of 23,928 ordinary shares upon the partial vesting of Restricted Shares awarded previously to S P O'Sullivan. The Trustees of the Plan sold 11,964 shares to meet the tax liability. 11,964 shares have been transferred to S P O'Sullivan as beneficial owner and must be retained for six months. |
