Qantas 2012 Annual Report Download - page 43
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FOR THE YEAR ENDED 30 JUNE 2012
Directors’ Report continued
Rights will be converted to Qantas shares to the extent performance hurdles have been achieved. The Rights do not allow the holder
to participate in any share issue of Qantas. No dividends are payable on Rights. The fair value of Rights granted is calculated at the
date of grant using a Monte Carlo model and/or Black Scholes model.
The following Rights were outstanding at 30 June 2012:
Number of Rights
Name Testing Period Grant Date
Value at
Grant Date
2012
Net Vested
2012
Unvested
2012
Total
2011
Net Vested
2011
Unvested
2011
Total
2004 Performance
Rights Plan
Jun
– 30 Jun 091
Jan $. , –, , –,
2005 Performance
Rights Plan
Jun
– 30 Jun 101
Aug $. – – – , –,
2005 Performance
Rights Plan
Jun
– 30 Jun 101
Nov $. , –, , –,
2006 Performance
Rights Plan
Jun
– 30 Jun 112
Aug $. – – – , , ,
2006 Performance
Rights Plan
Jun
– 30 Jun 112
Oct $. , –, , , ,
2006 Performance
Rights Plan
Jun
– 30 Jun 112
Oct $. – – – – , ,
2007 Performance
Rights Plan
Jun
– 30 Jun 12
Dec $. – ,3, –, ,
2007 Performance
Rights Plan
Jun
– 30 Jun 12
Mar $. – ,3, –,, ,,
2008 Performance
Rights Plan
Jun May $. – – – – ,,4,,
2010-2012 Long Term
Incentive Plan
Jun Sep $. – ,,3,, –,, ,,
2011-2013 Long Term
Incentive Plan
Jun Aug $. – ,, ,, –,, ,,
2011-2013 Long Term
Incentive Plan
Jun Oct $. – ,, ,, –,, ,,
2012-2014 Long Term
Incentive Plan
Jun Aug $. – ,, ,, –––
2012-2014 Long Term
Incentive Plan
Jun Oct $. – ,, ,, –––
Total , ,, ,, , ,, ,,
1 These Rights convert to Qantas shares on the 10th anniversary of the date of award, however Executives may call for the Rights to be converted sooner at their request.
2 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 upon testing, which commenced 30 June 2009. As a result of performance hurdle testing conducted as at 30 June 2011, all unvested Rights were
lapsed in 2011/2012.
3 As a result of performance hurdle testing conducted as at 30 June 2012, all unvested Rights were lapsed subsequent to 30 June 2012.
4 As a result of performance hurdle testing conducted as at 30 June 2011, all unvested Rights were lapsed in 2011/2012.
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