Qantas 2015 Annual Report Download - page 27

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26
QANTAS ANNUAL REPORT 2015
DIRECTORS’ INTERESTS AND BENEFITS
Particulars of Directors’ interests in the issued capital of Qantas at the date of this Report are as follows:
Number of Shares
Directors 2015 2014
Leigh Clifford 291,622 251,622
Alan Joyce 5,379,721 2,906,202
Maxine Brenner 21,900 15,000
Richard Goodmanson 20,000 20,000
Jacqueline Hey 30,000 30,000
William Meaney – –
Paul Rayner 201,622 71,622
Todd Sampson 5,000 n/a
Barbara Ward 47,597 47,597
In addition to the interests shown, indirect interests in Qantas shares held in trust on behalf of Mr Joyce are as follows:
Deferred shares held in trust under:
2012/13 Short Term Incentive Plan –1284,769
1 The 2012/13 Short Term Incentive Plan shares were released from restriction and transferred to Mr Joyce on 21 August 2015.
Number of Rights
2015 2014
Rights granted under:
2013–2015 Long Term Incentive Plan –12,575,000
2014–2016 Long Term Incentive Plan 2,151,00022,151,000
2015–2017 Long Term Incentive Plan 3,248,0003
5,399,000 4,726,000
1 85 per cent of the 2013–2015 Long Term Incentive Plan Rights awarded to Mr Joyce in 2012 vested and converted to 2,188,750 shares following the performance hurdle testing conducted
as at 30 June 2015.
2 Shareholders approved the award of these Rights on 18 October 2013. Performance hurdles will be tested as at 30 June 2016 to determine whether any Rights vest to Mr Joyce.
3 Shareholders approved the award of these Rights on 24 October 2014. Performance hurdles will be tested as at 30 June 2017 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 36 to 37 for further details.
The following table outlines the movements in Rights during the year:
Number of Rights
Performance Rights Reconciliation 2015 2014
Rights outstanding as at 1 July 33,579,432 28,174,047
Rights granted 64,317,000 13,790,000
Rights forfeited (1,914,000) (4,571,000)
Rights lapsed (15,614,000) (3,755,000)
Rights exercised (58,844) (58,615)
Rights outstanding as at 30 June 80,309,588133,579,432
1 The movement of Rights outstanding as at 30 June 2015 to the date of this Report is explained in the footnotes on page 27.
Rights will be converted to Qantas shares to the extent performance hurdles have been achieved. The Rights do not allow the holder
DIRECTORS’ REPORT CONTINUED
FOR THE YEAR ENDED 30 JUNE 2015