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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
172 Telstra Annual Report 2013 Telstra Corporation Limited and controlled entities
Telstra Growthshare Trust (continued)
(b) Long term incentive (LTI) plans
The purpose of LTI plans is to align key executives’ rewards with
shareholders’ interests, and reward performance improvement
whilst supporting business plans and corporate strategies. The
Telstra Growthshare Trust Board administers the plans, and the
Remuneration Committee and the Telstra Board determine who is
invited to participate in these plans.
Performance of the LTI plans is measured with respect to the
relevant performance period and subject to subsequent verification,
ratification and sign off by the Remuneration Committee and
approval by the Board.
(i) Outstanding equity based instruments
Allocations have been made over a number of years in the form of
performance rights, restricted shares and options under our LTI
plans. These represent a share or a right to acquire a share in
Telstra subject to certain conditions. Further information regarding
each type of LTI plan that was outstanding during the year is
detailed in the following table:
(#) End date refers to expiry date of options, end of the restriction
period for ESP restricted shares or the end of the service period for
performance rights and GMD Telstra Wholesale restricted shares to
vest.
Refer to section (b)(ii) for a description of the above equity
instruments.
27. EMPLOYEE SHARE PLANS (CONTINUED)
Allocation date
Performance
period
Exercise
price End date (#)
from to
Growthshare 2006 - Feb 2006 allocation
RG & NT performance rights . . . . . . . . . 19 Aug 2005 1 Jul 2005 30 Jun 2010
$1 per parcel
exercised 19 Aug 2012
ROI performance rights . . . . . . . . . . . . . 19 Aug 2005 1 Jul 2005 30 Jun 2008
$1 per parcel
exercised 19 Aug 2012
Growthshare 2008
ESOP options . . . . . . . . . . . . . . . . 17 Aug 2007 n/a n/a $4.34 17 Aug 2012
ROI options. . . . . . . . . . . . . . . . . . 17 Aug 2007 1 Jul 2008 30 Jun 2011 $4.34 30 Jun 2013
Growthshare 2009
ESOP options . . . . . . . . . . . . . . . . 21 Aug 2008 n/a n/a $4.36 21 Aug 2013
US ESOP options . . . . . . . . . . . . . . 21 Aug 2008 n/a n/a $4.25 21 Aug 2013
RTSR options . . . . . . . . . . . . . . . . 21 Aug 2008 1 Jul 2008 30 Jun 2012 $4.36 30 Jun 2014
ROI performance rights . . . . . . . . . . . 21 Aug 2008 1 Jul 2009 30 Jun 2012 nil 21 Aug 2014
Growthshare 2010
ESRP performance rights . . . . . . . . . . 21 Aug 2009 n/a n/a nil 21 Aug 2012
RTSR performance rights . . . . . . . . . . 21 Aug 2009 1 Jul 2009 30 Jun 2012 nil 21 Aug 2013
FCF ROI performance rights . . . . . . . . . 21 Aug 2009 1 Jul 2009 30 Jun 2012 nil 21 Aug 2013
Growthshare 2011
ESRP performance rights . . . . . . . . . . 20 Aug 2010 n/a n/a nil 20 Aug 2013
RTSR performance rights . . . . . . . . . . 20 Aug 2010 1 Jul 2010 30 Jun 2013 nil 20 Aug 2014
FCF ROI performance rights . . . . . . . . . 20 Aug 2010 1 Jul 2010 30 Jun 2013 nil 20 Aug 2014
Growthshare 2012
ESP restricted shares . . . . . . . . . . . . 19 Apr 2012 n/a n/a nil 19 Apr 2015
RTSR performance rights . . . . . . . . . . 19 Aug 2011 1 Jul 2011 30 Jun 2014 nil 19 Aug 2015
FCF ROI performance rights . . . . . . . . . 19 Aug 2011 1 Jul 2011 30 Jun 2014 nil 19 Aug 2015
Growthshare 2013
ESP restricted shares . . . . . . . . . . . . 21 Feb 2013 n/a n/a nil 21 Feb 2016
RTSR performance rights . . . . . . . . . . 17 Aug 2012 1 Jul 2012 30 Jun 2015 nil 17 Aug 2016
FCF ROI performance rights . . . . . . . . . 17 Aug 2012 1 Jul 2012 30 Jun 2015 nil 17 Aug 2016
GMD Telstra Wholesale restricted shares . . 17 Aug 2012 n/a n/a nil 17 Aug 2015