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145
QANTAS ANNUAL REPORT 2013
(i) Short Term Incentive Plan (STIP)
Key Management Personnel Opening
Balance
Number
Granted
Number
Forfeited
Number Vested
and Transferred
Closing
Balance
Alan Joyce 2013 Total 958,014––(583,000)375,014
2012 Total 1,166,000 375,014 – (583,000) 958,014
Bruce Buchanan12013 Total n/a n/a n/a n/a n/a
2012 Total 259,000 103,166 – (129,500) 232,666
Gareth Evans 2013 Total 200,658 62,620 – (89,000) 174,278
2012 Total 178,000 111,658 – (89,000) 200,658
Lesley Grant 2013 Total 140,263 42,926 – (76,000) 107,189
2012 Total n/a n/a n/a n/a n/a
Rob Gurney22013 Total n/a n/a n/a n/a n/a
2012 Total 238,000 81,671 – (200,671) 119,0003
Simon Hickey 2013 Total 230,619 49,234 – (121,500) 158,353
2012 Total 243,000 109,119 – (121,500) 230,619
Jayne Hrdlicka 2013 Total 35,704 50,080 – – 85,784
2012 Total–35,704––35,704
Lyell Strambi 2013 Total 251,100 59,773 – (151,500) 159,373
2012 Total 303,000 99,600 – (151,500) 251,100
1 Bruce Buchanan ceased to be a KMP on 30 June 2012 and ceased employment with Qantas on 31 January 2013.
2 Rob Gurney ceased to be a KMP and employment with Qantas on 30 June 2012.
3 The deferred shares vested on 30 June 2012 and were released from holding lock and transferred to Mr Gurney on 13 August 2012.
STIP share-based payments were granted on 1 March 2012 (2012: 31 August 2011) at a fair value of $1.17 (2012: $1.58). No amount has
been paid, or is payable, by the Executive in relation to these deferred shares.
(ii) Long Term Incentive Plan (LTIP)
Key Management Personnel Opening
Balance
Number
Granted
Number Lapsed/
Forfeited
Number Vested
and Transferred
Closing
Balance
Alan Joyce 2013 Total 3,074,000 2,575,000 (315,000) – 5,334,000
2012 Total 1,710,350 1,675,000 (255,280) (56,070) 3,074,000
Bruce Buchanan12013 Total n/a n/a n/a n/a n/a
2012 Total 320,500 426,000 (70,500) – 676,000
Gareth Evans 2013 Total 674,731 757,000 (80,000) – 1,351,731
2012 Total 270,651 456,000 (51,920) – 674,731
Lesley Grant 2013 Total 365,000 303,000 (102,000) – 566,000
2012 Total n/a n/a n/a n/a n/a
Rob Gurney22013 Total n/a n/a n/a n/a n/a
2012 Total 279,460 414,000 (562,920) (1,540) 129,0003
Simon Hickey 2013 Total 481,545 757,000 (147,000) – 1,091,545
2012 Total 358,405 197,000 (73,860) – 481,545
Jayne Hrdlicka 2013 Total 191,000 757,000 – – 948,000
2012 Total – 191,000 – – 191,000
Lyell Strambi 2013 Total 701,000 757,000 (126,000) – 1,332,000
2012 Total 320,000 456,000 (75,000) – 701,000
1 Bruce Buchanan ceased to be a KMP on 30 June 2012 and ceased employment with Qantas on 31 January 2013.
2 Rob Gurney ceased to be a KMP and employment with Qantas on 30 June 2012.
3 As a result of performance hurdle testing conducted as at 30 June 2012, all unvested Rights lapsed subsequent to 30 June 2012.
During the year 5,906,000 Rights were granted on 2 November 2012 (2012: 2,140,000 Rights were granted on 23 August 2011 and
1,675,000 Rights were granted on 28 October 2011).
The fair value of Rights granted is calculated at the date of grant using a Monte Carlo model to value the Rights with TSR
performance conditions. The fair value of Rights granted on 2 November 2012 was $0.88 (2012: $0.86 and $0.815 for Rights granted on
23 August 2011 and 28 October 2011, respectively). No amount has been paid, or is payable, by the Executive in relation to these Rights.