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74 Qantas Annual Report 2004
Notes to the Financial Statements continued
for the year ended 30 June 2004
9. Director and executive disclosures continued
EQUITY INSTRUMENTS continued
Qantas Long-Term Executive Incentive Plan (QLTEIP)
Details of entitlements over shares in Qantas provided as remuneration under the QLTEIP to each Executive Director and Specified Executive
are set out below. For more information on the operation of the QLTEIP, see page 66.
Number of Number Number
Entitlements Balance at Balance at Vested at Unvested at
Granted 30 June 2003 Expired 30 June 2004 30 June 2004 30 June 2004
Executive Directors
Geoff Dixon 2,045,000 2,045,000 – 2,045,000 (1,738,693) 306,307
Peter Gregg 838,000 838,000 – 838,000 (705,603) 132,397
Specified Executives
Denis Adams 518,000 518,000 – 518,000 (437,869) 80,131
Fiona Balfour 210,000 210,000 – 210,000 (175,701) 34,299
John Borghetti 518,000 518,000 – 518,000 (437,869) 80,131
Kevin Brown 350,000 350,000 – 350,000 – 350,000
Grant Fenn 496,000 496,000 – 496,000 (418,344) 77,656
David Forsyth 816,000 816,000 – 816,000 (691,161) 124,839
No further vesting occurred for Executive Directors and Specified Executives in the year to 30 June 2004. All vested entitlements are
exercisable. David Forsyth’s entitlements will expire 15 December 2004 being 12 months after termination.
Equity Holdings and Transactions
The movement during the year in the number of ordinary shares of Qantas held directly, indirectly or beneficially, by each Specified Director
and Specified Executive, including their personally related entities, is as follows:
Interest Acquired Acquired Interest
in Shares at as through Purchased/ in Shares at
30 June 2003 Remuneration1DRP2(Sold) Lapsed 30 June 2004
Directors
Margaret Jackson 147,338 – – – – 147,338
Geoff Dixon 326,711 125,000 3,290 – – 455,001
Peter Gregg 173,460 80,000 1,216 – – 254,676
Paul Anderson 25,000 – – – – 25,000
Mike Codd 11,007 – 570 – – 11,577
Patricia Cross – – 47 2,000 – 2,047
Trevor Eastwood 12,434 – 644 – – 13,078
Jim Kennedy 1,975 – – – – 1,975
Trevor Kennedy 122,750 – – (71,775) – 50,975
Roger Maynard – – – – – –
James Packer – – – – – –
John Schubert 34,753 – – – – 34,753
Nick Tait 1,592 – 83 – – 1,675
Specified Executives
Denis Adams 95,998 – 1,130 (9,167) – 87,961
Fiona Balfour 71,618 – 1,483 – – 73,101
John Borghetti 95,380 – 796 – – 96,176
Kevin Brown 81,901 – – – – 81,901
Grant Fenn 75,566 – 807 – – 76,373
David Forsyth 93,648 – 1,743 – (60,000) 35,391
1 See details of the PSP on page 72 in this Note.
2 Dividend Reinvestment Plan (DRP).