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89 ANNUAL REPORT 2010
for the year ended 30 June 2010
Notes to the Financial Statements continued
(iv) Equity Holdings and Transactions
KMPs or their related parties directly, indirectly or bene cially held shares in the Qantas Group as detailed in the table below:
Key Management
Personnel
Interest in
Shares as
at 30 June
2008
Awarded as
Remuner-
ation1
Rights
Converted to
Shares
Other
Change2
Interest in
Shares as
at 30 June
20093
Awarded as
Remuner-
ation1
Rights
Converted to
Shares
Other
Change2
Interest in
Shares as
at 30 June
20103
Leigh Clifford 45,000 – – 6,622 51,622 – – – 51,622
Alan Joyce 992,883 100,000 36,250 6,622 1,135,755 173,363 – – 1,309,118
Colin Storrie 584,013 52,000 – – 636,013 54,270 45,249 (118,603) 616,929
Peter Cosgrove 4,599 – – 5,407 10,006 – – 5,245 15,251
Patricia Cross 2,163 – – 3,311 5,474 – – – 5,474
Richard Goodmanson – – – 20,000 20,000 – – – 20,000
Garry Hounsell 33,811 – – 9,638 43,449 – – – 43,449
Paul Rayner n/a – – 21,622 21,622 – – – 21,622
John Schubert 34,753 – – 6,622 41,375 – – – 41,375
James Strong 41,056 – – 3,661 44,717 – – – 44,717
Barbara Ward 10,975 – – 6,622 17,597 – – – 17,597
Bruce Buchanan 13,054 25,066 – 246 38,366 51,000 – – 89,366
Gareth Evans n/a n/a n/a n/a 37,342 27,522 – – 64,864
Rob Gurney 44,115 31,326 9,425 (43,824) 41,042 34,000 18,191 (43,570) 49,663
Simon Hickey 447,613 49,000 10,875 – 507,488 53,000 – – 560,488
Lyell Strambi n/a 75,000 – – 75,000 37,000 – – 112,000
Geoff Dixon 3,422,550 287,000 – – 3,709,550 n/a n/a n/a n/a
Peter Gregg 1,473,496 96,000 76,680 (838,028) 808,148 n/a n/a n/a n/a
Mike Codd 13,408 – – 655 14,063 n/a n/a n/a n/a
John Borghetti 1,061,902 96,000 63,900 (202,435) 1,019,367 n/a n/a n/a n/a
Kevin Brown 794,000 63,000 42,600 (68,500) 831,100 n/a n/a n/a n/a
David Cox 913,708 42,000 34,080 – 989,788 n/a n/a n/a n/a
Grant Fenn 810,500 60,000 42,600 3,530 916,630 n/a n/a n/a n/a
1. Refer to details of the PSP on page 42.
2. Other change includes shares acquired through the DRP, salary sacri ce, purchased, sold or lapsed.
3. Where appropriate, the number shown is at the date the person ceased to be KMP.
Other than share-based payment compensation, all equity instrument transactions between the KMP, including their related parties, and Qantas
during the year have been on an arm’s length basis.
Loans and other transactions with Key Management Personnel
No KMP or their related parties held any loans from the Qantas Group during or at the end of the year ended 30 June 2010 or prior year.
A number of KMPs and their related parties have transactions with the Qantas Group. All transactions, including air travel, are conducted
on normal commercial arm’s length terms. The nature of transactions, other than air travel, is set out below:
— Toolangi Vineyards is a related entity to Mr Hounsell. Throughout the year, the Qantas Group purchases wine from Toolangi Vineyards for use
on Qantas Business Class services
— Woolworths Limited and its subsidiaries (Woolworths Group) are related entities to Mr Strong, who is Chairman of Woolworths Limited.
The Qantas Frequent Flyer (QFF) loyalty partnership with the Woolworths Group commenced in June 2009. Mr Strong has not participated
in any Qantas Board discussions relating to the QFF-Woolworths Group loyalty partnership
31. Related Parties continued