Creative 2010 Annual Report Download - page 14

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CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
(b) Share options outstanding
The number of unissued ordinary shares of the Company under option in relation to the 1999 Scheme outstanding at the
end of the nancial year was as follows:
Number
of unissued
ordinary shares Weighted
under option at average
Grant date 30.6.2010 exercise price Expiry date
October 2001 982,610 US$4.53 17 October 2011
January 2002 325,067 US$7.60 2 January 2012
19 October 2010 to
June 2002 214,178 US$3.39 29 December 2011
October 2002 5,500 US$6.41 11 October 2012
April 2003 17,500 US$6.31 30 April 2013
January 2004 37,500 US$10.31 5 January 2014
October 2005 2,228,000 US$7.43 18 October 2015
December 2005 160,000 US$8.21 12 December 2010
December 2007 2,566,500 US$4.70 31 December 2017
December 2008 277,000 US$2.64 24 December 2018
6,813,855
6. PERFORMANCE SHARES
The Creative Performance Share Plan (the “Plan”) was approved by shareholders at an Extraordinary General Meeting on 29
October 2009 under which awards (the “Award”) of fully-paid shares, their equivalent cash value or combinations thereof,
will be issued free of charge, to eligible employees and non-executive directors of the Company and its subsidiaries, provided
that certain prescribed performance targets are met and/or upon expiry of the prescribed vesting periods.
The aggregate number of shares for which an Award may be granted on any date under the Plan, when added to the number
of shares issued and/or issuable in respect of all Awards granted under the Plan and all shares, options or awards granted
under any other share option or share scheme of the Company then in force, shall not exceed 15% of the total issued shares
of the Company (excluding treasury shares) on the day preceding that date. Outstanding options under the 1999 Scheme
are excluded from the computation of the 15% limit for the Plan. The Plan shall continue in force at the discretion of the
Committee, subject to a maximum period of 10 years commencing on 29 October 2009.
During the nancial year ended 30 June 2010, 2,793,600 performance shares were granted to non-executive directors and
employees on 31 March 2010 under the Plan. Of the total performance shares granted, 716,950 shares were vested immediately
on the date of grant. The remaining performance shares will be released over 4 annual performance periods subject to the
completion of service and the achievement of prescribed performance targets in each of the performance periods.
Included in the performance shares granted during the nancial year ended 30 June 2010 were 180,000 performance shares
granted to the non-executive directors (60,000 shares to each of the three non-executive directors, namely, Lee Kheng Nam,
Ng Kai Wa and Lee Gwong-Yih). There were no new shares issued and no existing shares transferred to any of the directors
during the nancial year ended 30 June 2010. Since the commencement of the Plan to the end of the nancial year, there
were no new shares issued and no existing shares transferred to any of the directors.
No participant was granted 5% or more of the total awards available under the Plan.
No performance shares were awarded to controlling shareholders of the Company or their associates.
5. SHARE OPTIONS (cont’d)
dIRectoRs’ RePoRt
– For the nancial year ended 30 June 2010