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61
SIA Annual Report 02/03
Report by the Board of Directors
9 Options on Shares in the Company (continued)
At the end of the financial year, options to take up 51,826,922 unissued shares of $0.50 each in the Company
were outstanding:
Number of unissued ordinary shares of $0.50 each
Balance at
1.4.2002/ Balance at Exercise
Date of grant Date of grant Cancelled Exercised 31.3.2003 price Exercisable period
28.3.2000 13,310,630 (184,200) – 13,126,430 $15.34 28.3.2001 – 27.3.2010
3.7.2000 11,973,150 (104,800) – 11,868,350 $16.65 3.7.2001 – 2.7.2010
2.7.2001 13,286,140 (111,150) (1,000) 13,173,990 $11.96 2.7.2002 – 1.7.2011
1.7.2002 13,787,922 (129,770) – 13,658,152 $12.82 1.7.2003 – 30.6.2012
52,357,842 (529,920) (1,000) 51,826,922
The details of options granted to and exercised by directors of the Company:
Aggregate Aggregate
Exercise price options granted options exercised
for options since since Aggregate
granted commencement commencement options
during of scheme to of scheme to outstanding
Options granted financial end of end of at end of
during financial year under financial year financial year financial year
Name of participant year under review review under review under review Options lapsed under review
Cheong Choong Kong 228,000 $12.82 936,000 – – 936,000
Chew Choon Seng 152,000 $12.82 454,000 _ _ 454,000
10 Options on Shares in Subsidiary Companies
The particulars of options on shares in subsidiary companies are as follows:
(a) Singapore Airport Terminal Services Limited ("SATS")
The Singapore Airport Terminal Services Limited Employee Share Option Plan ("SATS ESOP"), which comprises
the Senior Executive Share Option Scheme and the Employee Share Option Scheme for senior executives and all
other employees respectively, was approved on 20 March 2000.
The basis upon which an option may be exercised is identical to that of the Plan implemented by the Company.
During the financial year, in consideration of the payment of $1.00 for each offer accepted, offers of options
were granted pursuant to the SATS ESOP in respect of 15,239,500 unissued shares of $0.10 each in SATS at an
exercise price of $1.90 per share.
At the end of the financial year, options to take up 61,799,200 unissued shares of $0.10 each in SATS were
outstanding:
Number of unissued ordinary shares of $0.10 each
Balance at
1.4.2002/ Balance at Exercise
Date of grant Date of grant Cancelled Exercised 31.3.2003 price Exercisable period
28.3.2000 18,150,000 (312,800) – 17,837,200 $2.50 28.3.2001 – 27.3.2010
3.7.2000 13,917,300 (137,300) – 13,780,000 $2.10 3.7.2001 – 2.7.2010
2.7.2001 15,243,400 (162,600) – 15,080,800 $1.54 2.7.2002 – 1.7.2011
1.7.2002 15,239,500 (138,300) – 15,101,200 $1.90 1.7.2003 – 30.6.2012
62,550,200 (751,000) – 61,799,200