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107
Qantas Annual Report 2006
Notes to the Financial Statements
for the year ended 30 June 2006
2002 EXECUTIVE DIRECTOR LONG-TERM INCENTIVE PLAN (EXEC DIRECTOR LTI) AND SENIOR MANAGER LONG-TERM INCENTIVE PLAN (SEN MGR LTI)
The number of Qantas shares provided as remuneration under the Exec Director LTI and Sen Mgr LTI to each Executive Director and Key Management Executive
is set out below. No deferred shares were granted under these Plans in the year ended 30 June 2006. For more information on the operation of the Exec
Director LTI and Sen Mgr LTI, see page 60.
Grant Date
Balance at
30 June 2005
Number of Performance
Shares Vested and Transferred
during the Year
Balance at
30 June 2006 KEY MANAGEMENT PERSONNEL
Geoff Dixon 17 Oct 02 250,000 (250,000) –
Peter Gregg 17 Oct 02 150,000 – 150,000
Denis Adams 31 Dec 02 70,000 (70,000) –
John Borghetti 31 Dec 02 80,000 – 80,000
Kevin Brown 31 Dec 02 60,000 – 60,000
David Cox 10 Jan 03 30,000 – 30,000
Grant Fenn 31 Dec 02 60,000 – 60,000
Alan Joyce 10 Jan 03 30,000 – 30,000
No amounts have been paid or are payable by the Executives in relation to the deferred shares.
2002 EXECUTIVE DIRECTOR LONG-TERM INCENTIVE PLAN (EXEC DIRECTOR LTI)
The number of Qantas Rights provided as remuneration under the Exec Director LTI to each Executive Director is set out below. No Rights were granted under
this Plan in the year ended 30 June 2006. For more information on the operation of the Exec Director LTI, see page 60.
Grant Date
Balance at
30 June 2005
Number of Performance
Rights Vested and Transferred
during the Year
Balance at
30 June 2006
Geoff Dixon 17 Oct 02 27,777 (27,777) –
Peter Gregg 17 Oct 02 16,666 – 16,666
All Rights were granted with a nil exercise price and may be converted on a one-for-one basis to Qantas shares. No amounts have been paid or are payable by
the Executive Directors in relation to the Rights.
QANTAS LONG-TERM EXECUTIVE INCENTIVE PLAN (QLTEIP)
Details of entitlements over shares in Qantas provided as remuneration under QLTEIP to each Executive Director and Key Management Executive are set out
below. For more information on the operation of the QLTEIP, see page 60.
Number of
Entitlements
Granted
Balance at
30 June 2005 Lapsed Exercised
Balance at
30 June 2006
Number
Vested at
30 June 2006
Number
Unvested at
30 June 2006
Geoff Dixon 2,045,000 1,983,687 (244,995) (1,255,005) 483,687 483,687 –
Peter Gregg 838,000 828,100 (122,497) (627,503) 78,100 78,100 –
Denis Adams 518,000 508,100 (70,231) (359,769) 78,100 78,100 –
John Borghetti 518,000 508,100 (70,231) (359,769) 78,100 78,100 –
Kevin Brown 350,000 350,000 – (175,000) 175,0001 – 175,000
David Cox 518,000 508,100 (70,231) (359,769) 78,100 78,100 –
Grant Fenn 496,000 488,575 (70,231) – 418,344 418,344 –
Alan Joyce 220,000 220,000 (35,933) (184,067) – – –
1 These Entitlements lapsed on 1 July 2006.
No further vesting occurred for Executives in the year to 30 June 2006. All vested Entitlements may be converted into Qantas shares, however, this is not on a
one-for-one basis. At the time QLTEIP Entitlements lapsed, they were out-of-the-money.