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77
Qantas Annual Report 2005
~Notes to the Financial Statements~
for the year ended 30 June 2005
5. Director and Executive disclosures
This note discloses equity instruments for Executive Directors and Specified Executives as required by AASB 1046 – Director and Executive
Disclosures by Disclosing Entities. Disclosure of Specified Directors and Specified Executive Remuneration is detailed in the Directors’
Report at pages 54 to 63.
EQUITY INSTRUMENTS
Set out in the following tables are the holdings of equity instruments granted as remuneration to Executive Directors and Specified
Executives. No other Director, Specified Executive or personally related entities directly or beneficially held any other shares, options or
rights in the Qantas Group other than as set out below.
PERFORMANCE SHARE PLAN (PSP)
Details of entitlements over shares in Qantas provided as remuneration during the financial year to Executive Directors and Specified
Executives are set out below. For more information on the operation of the PSP, see page 55.
Grant
Date
Value
at Grant
Date
Balance at
30 June 2004
Number of
Performance
Shares
Granted
during the
Year
Number of
Performance
Shares
Vested and
Transferred
to the
Executive
during the
Year
Balance at
30 June 2005
Not
Available
to Call
Available
to Call
Executive Directors
Geoff Dixon 21 Oct 04 $3.34 – 150,000 – 150,0001 75,000 75,000
16 Oct 03 $3.62 62,500 – 62,500 – – –
62,500 150,000 62,500 150,000 75,000 75,000
Peter Gregg 21 Oct 04 $3.34 – 90,000 – 90,000145,000 45,0002
16 Oct 03 $3.62 40,000 – 40,000 – – –
40,000 90,000 40,000 90,000 45,000 45,000
Specified Executives
Denis Adams 18 Aug 04 $3.32 – 35,000 – 35,0003 35,000 –
Fiona Balfour 18 Aug 04 $3.32 – 30,000 – 30,0003 30,000 –
John Borghetti 18 Aug 04 $3.32 – 55,000 – 55,0003 55,000 –
Kevin Brown 18 Aug 04 $3.32 – 35,000 – 35,0003 35,000 –
Grant Fenn 18 Aug 04 $3.32 – 35,000 – 35,0003 35,000 –
Alan Joyce 18 Aug 04 $3.32 – 30,000 – 30,000330,000 –
Alan Joyce418 May 05 $3.18 – 25,000 – 25,000525,000 –
1 Up to one-half of these shares may be “called for” from 30 June 2005.
2 Mr Gregg “called for” these 45,000 deferred shares in July 2005.
3 Up to one-half of these shares may be “called for” from 1 July 2005.
4 In its discretion, the Board resolved to make an allocation of deferred shares to Mr Joyce under the Performance Share Plan.
5 Up to one-half of these shares may be “called for” from 1 March 2006.
No amount has been paid, or is payable by the Executive in relation to these performance shares.