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14 Share Capital (in $ million) (continued)
Terms of share options outstanding as at 31 March 2003:
SIA ESOP
Exercisable period Exercise price Number outstanding Number exercisable
28.3.2001 – 27.3.2010 $15.34 1,316,107 1,316,107
28.3.2002 – 27.3.2010 $15.34 9,254,148 9,254,148
28.3.2003 – 27.3.2010 $15.34 1,279,087 1,279,087
28.3.2004 – 27.3.2010 $15.34 1,277,088 –
3.7.2001 – 2.7.2010 $16.65 1,502,930 1,502,930
3.7.2002 – 2.7.2010 $16.65 7,438,745 7,438,745
3.7.2003 – 2.7.2010 $16.65 1,463,330 –
3.7.2004 – 2.7.2010 $16.65 1,463,345 –
2.7.2002 – 1.7.2011 $11.96 1,808,979 1,808,979
2.7.2003 – 1.7.2011 $11.96 7,863,198 –
2.7.2004 – 1.7.2011 $11.96 1,750,796 –
2.7.2005 – 1.7.2011 $11.96 1,751,017 –
1.7.2003 – 30.6.2012 $12.82 1,877,390 41,040
1.7.2004 – 30.6.2012 $12.82 8,155,609 –
1.7.2005 – 30.6.2012 $12.82 1,812,451 –
1.7.2006 – 30.6.2012 $12.82 1,812,702 –
Total number of options issued @ 51,826,922 22,641,036
@ The total number of options outstanding includes:
(a) 2,043,705 share options not exercised by departed employees who have retired or ceased to be employed
by the Company or any of the subsidiary companies by reason of (i) ill health, injury or disability or death;
(ii) redundancy; or (iii) any other reason approved in writing by the Committee. The said options are
exercisable up to the expiration of the applicable exercise period or the period of 5 years from the date
of retirement or cessation of employment, whichever is earlier; and
(b) 144,350 share options not exercised by departed employees who have completed their fixed term contracts
during the financial year. The said options, if unvested yet, shall immediately vest and be exercisable from the
date of cessation of employment to the date falling 1 year from the date of cessation of employment.
SATS ESOP
Exercisable period Exercise price Number outstanding Number exercisable
28.3.2001 – 27.3.2010 $2.50 275,150 275,150
28.3.2002 – 27.3.2010 $2.50 17,011,750 17,011,750
28.3.2003 – 27.3.2010 $2.50 275,150 275,150
28.3.2004 – 27.3.2010 $2.50 275,150 –
3.7.2001 – 2.7.2010 $2.10 356,350 356,350
3.7.2002 – 2.7.2010 $2.10 12,710,950 12,710,950
3.7.2003 – 2.7.2010 $2.10 356,350 –
3.7.2004 – 2.7.2010 $2.10 356,350 –
2.7.2002 – 1.7.2011 $1.54 466,150 466,150
2.7.2003 – 1.7.2011 $1.54 13,682,350 –
2.7.2004 – 1.7.2011 $1.54 466,150 –
2.7.2005 – 1.7.2011 $1.54 466,150 –
1.7.2003 – 30.6.2012 $1.90 499,500 –
1.7.2004 – 30.6.2012 $1.90 13,602,700 –
1.7.2005 – 30.6.2012 $1.90 499,500 –
1.7.2006 – 30.6.2012 $1.90 499,500 –
Total number of options issued @ 61,799,200 31,095,500
@ The total number of options outstanding includes 1,532,150 share options not exercised by departed employees
who have retired or ceased to be employed by the Company or any of the subsidiary companies by reason of (i)
ill health, injury or disability or death; (ii) redundancy; or (iii) any other reason approved in writing by the
Committee. The said options are exercisable up to the expiration of the applicable exercise period or the period
of 5 years from the date of retirement or cessation of employment, whichever is earlier.
SIA Annual Report 02/03 85
Notes to the Financial Statements
31 March 2003