Qantas 2005 Annual Report Download - page 81

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79
5. Director and Executive disclosures continued
2002 EXECUTIVE DIRECTOR LONG-TERM INCENTIVE PLAN (EXEC DIRECTOR LTI) AND SENIOR MANAGER LONG-TERM
INCENTIVE PLAN (SEN MGR LTI)
The number of Qantas shares provided as remuneration under the Exec Director LTI and Sen Mgr LTI to each Executive Director and
Specified Executive is set out below. No shares were granted under these Plans in the year ended 30 June 2005. For more information on
the operation of the Exec Director LTI and Sen Mgr LTI, see page 57.
Grant Date
Balance at
30 June 2004
Balance at
30 June 2005
Executive Directors
Geoff Dixon 17 Oct 02 250,000 250,000
Peter Gregg 17 Oct 02 150,000 150,000
Specified Executives
Denis Adams 31 Dec 02 70,000 70,000
Fiona Balfour 31 Dec 02 40,000 40,000
John Borghetti 31 Dec 02 80,000 80,000
Kevin Brown 31 Dec 02 60,000 60,000
Grant Fenn 31 Dec 02 60,000 60,000
Alan Joyce 10 Jan 03 30,000 30,000
No amounts have been paid or are payable by the Executives in relation to the shares.
2002 EXECUTIVE DIRECTOR LONG-TERM INCENTIVE PLAN (EXEC DIRECTOR LTI) AND 2002 PERFORMANCE BONUS PLAN
(2002 BONUS)
The number of Qantas Rights provided as remuneration under the Exec Director LTI and 2002 Bonus to each Executive Director and
Specified Executive is set out below. No Rights were granted under these Plans in the year ended 30 June 2005. For more information on
the operation of the 2002 Bonus, see page 57.
Grant Date
Balance at
30 June 2004
Rights Vested
and Converted
during the Year
Balance at
30 June 2005
Executive Directors
Geoff Dixon 17 Oct 02 30,834 (3,057) 27,777
Peter Gregg 17 Oct 02 18,720 (2,054) 16,666
Specified Executives
Denis Adams 23 Oct 02 1,054 (1,054) –
Fiona Balfour 23 Oct 02 2,751 (2,751) –
John Borghetti 23 Oct 02 1,317 (1,317) –
Kevin Brown 23 Oct 02 2,433 (2,433) –
Grant Fenn 23 Oct 02 1,216 (1,216) –
Alan Joyce n/a–––
No amounts have been paid or are payable by the Executives in relation to the Rights.
QANTAS LONG-TERM EXECUTIVE INCENTIVE PLAN (QLTEIP)
Details of entitlements over shares in Qantas provided as remuneration under the QLTEIP to each Executive Director and Specified
Executive are set out below. For more information on the operation of the QLTEIP, see page 57.
Number of
Entitlements
Granted
Balance at
30 June 2004 Lapsed
Balance at
30 June 2005
Number Vested
at 30 June 2005
Number
Unvested at
30 June 2005
Executive Directors
Geoff Dixon 2,045,000 2,045,000 (61,313) 1,983,687 1,738,693 244,9941
Peter Gregg 838,000 838,000 (9,900) 828,100 705,603 122,4971
Specified Executives
Denis Adams 518,000 518,000 (9,900) 508,100 437,869 70,2311
Fiona Balfour 210,000 210,000 – 210,000 175,701 34,2991
John Borghetti 518,000 518,000 (9,900) 508,100 437,869 70,2311
Kevin Brown 350,000 350,000 – 350,000 – 350,000
Grant Fenn 496,000 496,000 (7,425) 488,575 418,344 70,2311
Alan Joyce 220,000 220,000 – 220,000 184,067 35,9331
1 These Entitlements lapsed on 1 July 2005.
No further vesting occurred for Executives in the year to 30 June 2005. All vested Entitlements may be converted into ordinary shares,
however, this is not on a one-for-one basis. At the time QLTEIP Entitlements lapsed, they were out-of-the-money.
Qantas Annual Report 2005
~Notes to the Financial Statements~
for the year ended 30 June 2005