Qantas 2009 Annual Report Download - page 137

135 Qantas Annual Report 2009
Notes to the Financial Statements
for the year ended 30 June 2009
31. Related Parties continued
LONG TERM INCENTIVE PLAN (LTIP)
KEY MANAGEMENT PERSONNEL
Kevin Brown 12 Dec 07 $4.42 53,000 – (53,000) – –
22 Aug 06 $2.39 55,000 – (55,000) – –
17 Aug 05 $1.98 50,000 – (7,400) (42,600) –
18 Aug 04 $2.25 8,000 – (8,000) – –
20 09 Total 166,000 – (123,400) (42,600) –
2008 Total 145,000 53,000 – (32,000) 166,000
Bruce Buchanan 4 May 09 $1.64 – 70,500 – – 70,500
31 Mar 08 $2.75 20,000 – – – 20,000
13 Jan 05 $2.47 1,600 – – – 1,6004
20 09 Total 21,600 70,500 – – 92,100
David Cox 12 Dec 07 $4.42 44,000 – – – 44,000
22 Aug 06 $2.39 45,000 – – – 45,0002
17 Aug 05 $1.98 40,000 – – (34,080) 5,9203
18 Aug 04 $2.25 9,000 – – – 9,0004
2009 Total 138,000 – – (34,080) 103,920
2008 Total 130,000 44,000 – (36,000) 138,000
Grant Fenn 4 May 09 $1.64 – 85,500 – – 85,500
12 Dec 07 $4.42 53,000 – – – 53,000
22 Aug 06 $2.39 55,000 – – – 55,0002
17 Aug 05 $1.98 50,000 – – (42,600) 7,4003
18 Aug 04 $2.25 9,000 – – – 9,0004
20 09 Total 167,000 85,500 – (42,600) 209,900
2008 Total 150,000 53,000 – (36,000) 167,000
Rob Gurney 4 May 09 $1.64 – 50,000 – – 50,000
31 Mar 08 $2.75 25,000 – – – 25,000
4 Oct 06 $2.95 20,000 – – – 20,0002
22 Nov 05 $2.67 13,000 – – (9,425) 3,5753
13 Jan 05 $2.47 2,500 – – – 2,5004
2009 Total 60,500 50,000 – (9,425) 101,075
Simon Hickey 4 May 09 $1.64 – 70,500 – – 70,500
12 Dec 07 $4.42 35,000 – – – 35,000
4 Oct 06 $2.95 35,000 – – – 35,0002
22 Nov 05 $2.67 15,000 – – (10,875) 4,1253
13 Jan 05 $2.47 1,600 – – – 1,6004
2009 Total 86,600 70,500 – (10,875) 146,225
Lyell Strambi 4 May 09 $1.64 – 75,000 – – 75,000
2009 Total – 75,000 – – 75,000
1. The fair value of Rights granted is calculated at the date of grant using a Monte-Carlo model and/or Black Scholes model.
2. While these Right s may convert to Qantas shares on the 10th anniversary of the date of award, E xecutives may call for the Rights to be conver ted to the extent per formance hurdles have been achieved
upon testing, which commenced 30 June 2009.
3. While these Rights may conver t to Qantas shares on the 10th anniversar y of the date of award, Executives may call for the Rights to be converted to the extent performance hurdles have been achieved
upon testing, which commenced 30 June 2008.
4. While these Rights may convert to Qantas shares on the 10th anniversary of the date of award, Executives may call for the Rights to be converted to the extent performance hurdles have been achieved
The final test occurred on 30 June 2009 and Rights will lapse to the ex tent performance hurdles have not been achieved.
All Rights were granted with a nil exercise price and subject to the achievement of the performance hurdle may be converted on a one-for-one basis to
Qantas shares. No amount has been paid, or is payable by, the Executive in relation to these Rights.
Grant Date
Fair Value as
at Grant Date
Number Granted
Number Forfeited
Number Vested and
Transferred
Balance as at
30 June
Balance as at
30 June