6-K 1 c04239e6vk.htm FORM 6-K Form 6-K
 
 
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of August, 2010
Commission File Number: 001-09531
Telefónica, S.A.
(Translation of registrant’s name into English)
Distrito C, Ronda de la Comunicación s/n,
28050 Madrid, Spain
3491-482 85 48
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F þ     Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes o     No þ
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes o     No þ
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes o     No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
 
 

 

 

 

Telefónica, S.A.
TABLE OF CONTENTS
                 
            Sequential
            Page
Item       Number
       
 
        
  1.    
Telefónica — Performance Share Plan
    4  

 

 

 

(TELEFONICA LOGO)
RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES
General Secretary and
Secretary to the Board of Directors
TELEFÓNICA, S.A.
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), TELEFÓNICA, S.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 28, 2010, has agreed to proceed with the delivery of the total number of shares allotted to the beneficiaries for the second cycle (2007-2010) of this Plan, as long as the Total Shareholder Return (TSR) on TELEFÓNICA, S.A. shares has been higher, during this second 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 to be delivered to the Directors and Executive Officers of TELEFÓNICA, S.A who are beneficiaries of this Plan, during this second cycle.
Additionally, the 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 fifth cycle (2010-2013) of the said Plan, as per the attached breakdown, included as Schedule II, as far as Directors and Executive Officers are concerned.
Madrid, August 3, 2010.
Gran Vía, 28 — 9a Planta — 28013 Madrid

 

 

 

(TELEFONICA LOGO)
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
(SECOND CYCLE 2007-2010)
I.- Executive Directors
                 
    Number of shares     Percentage of share  
First name and surname   delivered     capital  
Mr. César Alierta Izuel
     116,239       0.003 %
Mr. Julio Linares López
     57,437       0.001 %
Mr. José María Álvarez-Pallete López
     53,204       0.001 %
II.- Executive Officers
                 
    Number of shares     Percentage of share  
First name and surname   delivered     capital  
Mr. Santiago Fernández Valbuena
     53,204       0.001 %
Mr. Guillermo Ansaldo Lutz
     31,439       0.001 %
Mr. Matthew Key*
     89,331       0.002 %
Mr. Luis Abril Pérez
     31,274       0.001 %
Mr. Calixto Ríos Pérez*
     15,671       0.000 %
Mr. Ramiro Sánchez de Lerín García-Ovies
     30,762       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.
Gran Vía, 28 — 9a Planta — 28013 Madrid

 

 

 

(TELEFONICA LOGO)
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
(FIFTH CYCLE 2010-2013)
I.- Executive Directors.
                 
    Maximum number of     Percentage of share  
First name and surname   shares allotted     capital  
Mr. César Alierta Izuel
     170,897       0.004 %
Mr. Julio Linares López
     128,173       0.003 %
Mr. José María Álvarez-Pallete López
     77,680       0.002 %
II.- Executive Officers.
                 
    Maximum number of     Percentage of share  
First name and surname   shares allotted     capital  
Mr. Santiago Fernández Valbuena
     77,680       0.002 %
Mr. Guillermo Ansaldo Lutz
     76,608       0.002 %
Mr. Matthew Key
     99,118       0.002 %
Mr. Luis Abril Pérez
     45,486       0.001 %
Mr. Calixto Ríos Pérez
     6,860       0.000 %
Mr. Ramiro Sánchez de Lerín García-Ovies
     44,733       0.001 %
Gran Vía, 28 — 9a Planta — 28013 Madrid

 

 

 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
  Telefónica, S.A.
 		  
Date: August 3rd, 2009  By:   /s/ Ramiro Sánchez de Lerín García-Ovies    
    Name:   Ramiro Sánchez de Lerín García-Ovies   
    Title:   General Secretary and Secretary to the Board of Directors