Qantas 2012 Annual Report Download - page 42
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FOR THE YEAR ENDED 30 JUNE 2012
Directors’ Report continued
Alan Joyce
2012
Number
2011
Number
Deferred shares held in trust under:
Performance Share Plan –1,
Alan Joyce Award () –1,
Performance Share Plan –1,
Performance Share Plan –1,
Retention Plan –1,
Performance Share Plan –1,
Retention Plan –1,
Performance Share Plan –1,
Performance Share Plan –1,
/ Short Term Incentive Plan –2,
/ Short Term Incentive Plan , –
, ,,
Rights granted under:
Performance Rights Plan –3,
Performance Rights Plan –3,
Performance Rights Plan –4,
- Long Term Incentive Plan –4,
- Long Term Incentive Plan ,,5 ,,
- Long Term Incentive Plan ,,6–
,, ,,
1 The deferred shares were released from holding lock and transferred to Mr Joyce on 17 February 2012.
2 The deferred shares were released from holding lock and transferred to Mr Joyce on 13 August 2012.
3 6,350 and 49,720 vested rights were converted to Qantas shares on 17 February 2012.
4 As a result of performance hurdle testing conducted as at 30 June 2012, all unvested Rights (65,000 and 250,000 Rights) were lapsed subsequent to 30 June 2012.
5 Shareholders approved the award of these Rights on 29 October 2010. Performance hurdles will be tested as at 30 June 2013 to determine whether any rights vest to Mr Joyce.
6 Shareholders approved the award of these Rights on 28 October 2011. Performance hurdles will be tested as at 30 June 2014 to determine whether any rights vest to Mr Joyce.
RIGHTS
Performance Rights are awarded to select Qantas Group Executives under the Qantas Deferred Share Plan (DSP) and the Qantas
Employee Share Plan (ESP). Refer to pages 54 to 56 for further details.
The following table outlines the movements in Rights during the year:
Performance Rights Reconciliation
Rights outstanding as at July ,, ,,
Rights granted ,, ,,
Rights forfeited (,,) (,,)
Rights lapsed (,,) (,)
Rights exercised (,) (,)
Rights outstanding as at June ,,1,,
1 The movement of Rights outstanding as at 30 June 2012 to the date of this Report is explained in the footnotes on page 41.
QANTAS ANNUAL REPORT 2012040