Qantas 2016 Annual Report Download - page 30

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Directors’ Report continued
For the year ended 30 June 2016
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 2016 2015
Leigh Clifford 362,613 291,622
Alan Joyce 2,728,924 5,379,721
Maxine Brenner 30,065 21,900
Richard Goodmanson 18,780 20,000
Jacqueline Hey 38,170 30,000
Michael L’Estrange –n/a
William Meaney – –
Paul Rayner 220,324 201,622
Todd Sampson 4,695 5,000
Barbara Ward 44,694 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:
2014/15 Short Term Incentive Plan 258,0621274,826
2015/16 Short Term Incentive Plan 490,7382–
1 The number of deferred shares awarded under the 2014/15 Short Term Incentive Plan were impacted by the share consolidation completed on 6 November 2015 through the conversion of
each share into 0.939 shares.
2 The deferred shares under the 2015/16 Short Term Incentive Plan are awarded to Mr Joyce on 2 September 2016.
Number of Rights
2016 2015
Rights granted under:
2014–2016 Long Term Incentive Plan –12,151,000
2015–2017 Long Term Incentive Plan 3,248,00023,248,000
2016–2018 Long Term Incentive Plan 947,0003–
Total rights 4,195,000 5,399,000
1 100 per cent of the 2014–2016 Long Term Incentive Plan Rights awarded to Mr Joyce on 18 October 2013 vested and converted to 2,151,000 shares following the performance hurdle
testing conducted as at 30 June 2016.
2 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.
3 Shareholders approved the award of these Rights on 23 October 2015. Performance hurdles will be tested as at 30 June 2018 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 38 to 40 for further details.
The following table outlines the movements in Rights during the year:
Number of Rights
Performance Rights Reconciliation 2016 2015
Rights outstanding as at 1 July 80,309,588 33,579,432
Rights granted 6,086,500 64,317,000
Rights forfeited (3,995,000) (1,914,000)
Rights lapsed (1,719,450) (15,614,000)
Rights exercised (9,790,023) (58,844)
Rights outstanding as at 30 June 70,891,615180,309,588
1 The movement of Rights outstanding as at 30 June 2016 to the date of this Report is explained in the footnotes on page 29.
28
QANTAS ANNUAL REPORT 2016