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43
QANTAS ANNUAL REPORT 2015
Equity Instruments Held by Key Management Personnel
Set out in the following tables are the holdings of equity instruments granted as remuneration to the KMP by Qantas. Non-Executive
Directors do not receive any remuneration in the form of share-based payments, although they may salary sacrifice a portion of their
Directors’ fees to purchase shares.
(i) Short Term Incentive Plan (STIP)
Number of Shares
Key Management Personnel11 July
Commenced as
KMP Granted Forfeited
Vested and
Transferred
Ceased
Employment 30 June
Alan Joyce 2015
2014
284,769
375,014
–
–
–
284,769
–
–
–
(375,014)
–
–
284,769
284,769
Gareth Evans 2015
2014
148,227
174,278
–
–
–
85,607
–
–
(62,620)
(111,658)
–
–
85,607
148,227
Lesley Grant 2015
2014
108,431
107,189
–
–
–
65,505
–
–
(42,926)
(64,263)
–
–
65,505
108,431
Jayne Hrdlicka 2015
2014
128,244
85,784
–
–
–
78,164
–
–
(50,080)
(35,704)
–
–
78,164
128,24 4
Simon Hickey2
ceased as KMP
28February 2015
2015
2014
127,398
158,353
–
–
–
78,164
–
–
(127,398)
(109,119)
–
–
n/a
127, 3 9 8
Lyell Strambi3
ceased as KMP
28February 2015
2015
2014
141,662
159,373
–
–
–
81,889
–
–
(141,662)
(99,600)
–
–
n/a
141,662
1 Mr La Spina and Mr David have no holding in STIP as at 30 June 2015.
2 Mr Hickey ceased as a KMP on 28 February 2015 and ceased employment with Qantas on 15 May 2015.
3 Mr Strambi ceased as a KMP and ceased employment with Qantas on 28 February 2015.
One-third of the 2011/12 STIP awards (granted on 22 August 2012) were delivered to participants in deferred shares subject to a two
year restriction period. The restriction period on these shares ended during 2014/2015.
One-third of the 2012/13 STIP awards (granted on 6 September 2013) were delivered to participants in deferred shares that are
subject to a two year restriction period. The restriction period on these shares applied throughout 2014/2015.
(ii) Long Term Incentive Plan (LTIP)
Number of Rights
Key Management Personnel 1 July
Commenced as
KMP Granted
Lapsed/
Forfeited
Vested and
Transferred
Ceased
Employment 30 June3
Alan Joyce 2015
2014
6,401,000
5,334,000
–
–
3,248,000
2,151,000
(1,675,000)
(1,084,000)
–
–
–
–
7,974,000
6,401,000
Tino La Spina
commenced as KMP 1
March 2015
2015
2014
n/a
n/a
721,500
n/a
–
n/a
–
n/a
–
n/a
–
n/a
721,500
n/a
Andrew David
commenced as KMP
1
March 2015
2015
2014
n/a
n/a
823,000
n/a
–
n/a
–
n/a
–
n/a
–
n/a
823,000
n/a
Gareth Evans 2015
2014
1,865,731
1,351,731
–
–
1,019,000
633,000
(456,000)
(119,000)
–
–
–
–
2,428,731
1,865,731
Lesley Grant 2015
2014
747,000
566,000
–
–
561,000
253,000
(191,000)
(72,000)
–
–
–
–
1,117,000
747,000
Jayne Hrdlicka 2015
2014
1,581,000
948,000
–
–
1,019,000
633,000
(191,000)
–
–
–
–
–
2,409,000
1,581,000
Simon Hickey1
ceased as KMP
28February 2015
2015
2014
1,620,545
1,091,545
–
–
1,019,000
633,000
(2,606,000)
(104,000)
(33,545)
–
–
–
n/a
1,620,545
Lyell Strambi2
ceased as KMP
28February 2015
2015
2014
1,846,000
1,332,000
–
–
1,019,000
633,000
(2,865,000)
(119,000)
–
–
–
–
n/a
1,846,000
1 Mr Hickey ceased as a KMP on 28 February 2015 and ceased employment with Qantas on 15 May 2015. All unvested Rights (2,606,000) lapsed on termination.
2 Mr Strambi ceased as a KMP and ceased employment with Qantas on 28 February 2015. All unvested Rights (2,865,000) lapsed on termination.
3 The 30 June 2015 balance includes the Rights granted under the 2013–2015 LTIP which vested at 85 per cent and converted into shares following the performance hurdle testing
conducted as at 30 June 2015.