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Qantas Annual Report 2004 47Spirit of Australia
Directors’ Report continued
for the year ended 30 June 2004
DIRECTORS’ INTERESTS AND BENEFITS
Particulars of Directors’ interests in the share capital of Qantas at the date of this Report are as follows:
Ordinary Shares
2004 2003
Director Number Number
Margaret Jackson 122,997 122,997
Geoff Dixon 108,174 43,424
Peter Gregg 64,676 23,460
Paul Anderson 25,000 25,000
Mike Codd 11,577 11,007
Patricia Cross 2,047 –
Trevor Eastwood 13,078 12,434
Jim Kennedy 1,975 1,975
Roger Maynard ––
James Packer ––
John Schubert 34,753 34,753
Nick Tait ––
No rights or options were granted to Directors, or exercised by the Directors, between 30 June 2004 and the date of this Report.
In addition to the interests shown above, indirect interests in Qantas shares held on behalf of Mr Dixon and Mr Gregg are as follows:
2004 2003
Geoff Dixon Number Number
Deferred Shares held in trust under the 2002 Executive Director Long-Term Incentive Plan
and the 2003/04 Executive Director Deferred Share & Performance Rights Plan 312,500 250,000
Rights granted under the 2002 Executive Director Long-Term Incentive Plan
and the 2003/04 Executive Director Deferred Share & Performance Rights Plan 152,777 27,777
Rights granted under the 2002 Performance Bonus Plan 3,057 3,057
Entitlements awarded under the Qantas Long-Term Executive Incentive Plan 2,045,000 2,045,000
Peter Gregg
Deferred Shares held in trust under the 2002 Executive Director Long-Term Incentive Plan
and the 2003/04 Executive Director Deferred Share & Performance Rights Plan 190,000 150,000
Rights granted under the 2002 Executive Director Long-Term Incentive Plan
and the 2003/04 Executive Director Deferred Share & Performance Rights Plan 96,666 16,666
Rights granted under the 2002 Performance Bonus Plan 2,054 2,054
Entitlements awarded under the Qantas Long-Term Executive Incentive Plan 838,000 838,000
SHARE ENTITLEMENTS
In previous years, Entitlements over unissued ordinary shares in Qantas were awarded to Executive Directors and Senior Executives
under the Qantas Long-Term Executive Incentive Plan as detailed on page 74.
During the 2004 financial year, the following movements in Entitlements took place:
2004 2003
Qantas Long-Term Executive Incentive Plan Number Number
Entitlements available for vesting at 1 July 31,352,488 37,601,500
Entitlements issued ––
Entitlements lapsed (598,244) (1,180,500)
Entitlements vested (25,225,600) (5,068,512)
Entitlements available for vesting at 30 June 5,528,644 31,352,488