Qantas 2007 Annual Report Download - page 112

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110 Qantas |Annual Report 2007
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 an Executive Director and each Key Management
Executive is set out below. No deferred shares were granted under these Plans in the year ended 30 June 2007. For more information on the operation
of the Exec Director LTI and Sen Mgr LTI, see page 63.
Key Management Personnel Grant Date
Balance as at
30 June 2006
Number of Performance
Shares Vested and Transferred
during the Year
Balance as at
30 June 2007
Peter Gregg 17 Oct 02 150,000 (150,000) –
John Borghetti 31 Dec 02 80,000 (80,000) –
Kevin Brown 31 Dec 02 60,000 (60,000) –
David Cox 10 Jan 03 30,000 (30,000) –
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 deferred shares.
2002 Executive Director Long-Term Incentive Plan (Exec Director LTI)
The number of Qantas Rights provided as remuneration under the Exec Director LTI is set out below. No Rights were granted under this Plan in the year
ended 30 June 2007. For more information on the operation of the Exec Director LTI, see page 63.
Key Management Personnel Grant Date
Balance as at
30 June 2006
Number of Performance
Rights Vested and Transferred
during the Year
Balance as at
30 June 2007
Peter Gregg 17 Oct 02 16,666 (16,666) –
All Rights were granted with a nil exercise price and were converted on a one-for-one basis to Qantas shares. No amounts have been paid, or are payable,
by the Executive Director 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 Key Management Executive are
set out below. For more information on the operation of the QLTEIP, see page 63.
Key Management Personnel
Number of
Entitlements
Granted
Balance as at
30 June 2006 Lapsed Exercised
Balance as at
30 June 2007
Number
Vested as at
30 June 2007
Number
Unvested as at
30 June 2007
Geoff Dixon 2,045,000 483,688 – – 483,688 483,688 –
Peter Gregg 838,000 78,100 – – 78,100 78,100 –
John Borghetti 518,000 78,100 – – 78,100 78,100 –
Kevin Brown 350,000 175,000 (175,000) – – – –
David Cox 518,000 78,100 – – 78,100 78,100 –
Grant Fenn 496,000 418,344 – (418,344) – – –
Alan Joyce 220,000––––––
No further vesting occurred for Executives in the year to 30 June 2007. All vested Entitlements may be converted into Qantas shares, however, this is not
on a one-for-one basis. At the time QLTEIP Entitlements lapsed, they were out-of-the-money.
24. Key Management Personnel and Executive Equity Benefits continued
Notes to the Financial Statements
for the year ended 30 June 2007