As I understand, tax is levied in the year that options or shares are granted even if you haven't sold any to realise a gain, they're still assessed as income. you could pay the tax bill with spare cash if you have it or by selling other assets, but it's become pretty common to just sell some of the shares, neater I guess. I imagine the tax bill here was from last financial year.
Ann: Change of Director's Interest Notice, page-4
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