Singapore Airlines 2015 Annual Report Download - page 139

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5 Sta Costs (in $ million) (continued)
Share-based compensation expense (continued)
Share option plans (continued)
Terms of share options outstanding as at 31 March 2015:
Exercisable period
Exercise
price
Number
outstanding
and exercisable
1.7.2006 – 30.6.2015 $8.02 233,072
1.7.2007 – 30.6.2015 $8.02 1,418,667
1.7.2008 – 30.6.2015 $8.02 380,690
1.7.2009 – 30.6.2015 $8.02 427,201
3.7.2007 – 2.7.2016 $9.34 463,056
3.7.2008 – 2.7.2016 $9.34 3,039,092
3.7.2009 – 2.7.2016 $9.34 614,210
3.7.2010 – 2.7.2016 $9.34 661,447
2.7.2008 – 1.7.2017 $15.46 1,033,196
2.7.2009 – 1.7.2017 $15.46 6,293,771
2.7.2010 – 1.7.2017 $15.46 1,035,144
2.7.2011 – 1.7.2017 $15.46 1,025,976
1.7.2009 – 30.6.2018 $12.07 950,296
1.7.2010 – 30.6.2018 $12.07 5,454,358
1.7.2011 – 30.6.2018 $12.07 1,081,996
1.7.2012 – 30.6.2018 $12.07 1,120,857
Total number of options outstanding @ 25,233,029
@ The total number of options outstanding includes:
(a) 3,851,524 (2014: 1,554,815) share options not exercised by employees who have retired or ceased to be employed by the Company or any of the
subsidiary companies by reason of (i) ill health, injury or disability or death; (ii) redundancy; or (iii) any other reason approved in writing by the
Board Compensation & Industrial Relations Committee. The said options are exercisable up to the expiration of the applicable exercise period or
the period of five years from the date of retirement or cessation of employment, whichever is earlier; and
(b) 26,410 (2014: 65,978) share options not exercised by employees who have completed their fixed term contracts during the financial year. The said
options, if unvested, shall immediately vest and be exercisable from the date of cessation of employment to the date falling one year from the date
of cessation of employment.
Details and terms of the share options granted by SIAEC and Tiger Airways have been disclosed in the Annual Reports of SIAEC
and Tiger Airways respectively.
Share-based incentive plans
RSP and PSP are share-based incentive plans for senior executives and key Senior Management, which were first approved
by the shareholders of the Company on 28 July 2005. The RSP and PSP are due to expire on 27 July 2015. On 30 July 2014,
the shareholders of the Company approved the RSP 2014 and PSP 2014, which are intended to replace the existing RSP and
PSP respectively.
Singapore Airlines | Annual Report FY2014/15 |137