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SIA Annual Report 04/05 85
Notes to the Financial Statements
31 March 2005
CC
฀MOD: CN1323
M Y
C K
While every effort has been taken to carry out instruction to customers satisfaction
NO RESPONSIBILITY liablilty will be accepted for errors
CUSTOMERS ARE THEREFOREURGED TO CHECK THOROUGHLY BEFORE
AUTHORISING PRINTRUNS
DALIM
1 2 3 4 5 6 7 8 9 10 OK TS
CC196777 DLMAC13 10.06.2005 150#
1
3col
13 Share Capital (in $ million) (continued)
Share option plans (continued)
SATS ESOP
Exercisable period Exercise price* Number outstanding Number exercisable
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
28.3.2001 - 27.3.2010 $2.20 262,900 262,900
28.3.2002 - 27.3.2010 $2.20 16,499,600 16,499,600
28.3.2003 - 27.3.2010 $2.20 262,900 262,900
28.3.2004 - 27.3.2010 $2.20 262,900 262,900
3.7.2001 - 2.7.2010 $1.80 259,300 259,300
3.7.2002 - 2.7.2010 $1.80 6,884,400 6,884,400
3.7.2003 - 2.7.2010 $1.80 274,775 274,775
3.7.2004 - 2.7.2010 $1.80 277,975 277,975
2.7.2002 - 1.7.2011 $1.24 7,500 7,500
2.7.2003 - 1.7.2011 $1.24 1,898,900 1,898,900
2.7.2004 - 1.7.2011 $1.24 10,400 10,400
2.7.2005 - 1.7.2011 $1.24 445,150 –
1.7.2003 - 30.6.2012 $1.60 138,200 138,200
1.7.2004 - 30.6.2012 $1.60 4,469,550 4,469,550
1.7.2005 - 30.6.2012 $1.60 474,150 –
1.7.2006 - 30.6.2012 $1.60 474,150 –
1.7.2004 - 30.6.2013 $1.47 64,725 64,725
1.7.2005 - 30.6.2013 $1.47 12,932,225 –
1.7.2006 - 30.6.2013 $1.47 332,425 –
1.7.2007 - 30.6.2013 $1.47 332,425 –
1.7.2005 - 30.6.2014 $2.09 359,975 –
1.7.2006 - 30.6.2014 $2.09 15,112,375 –
1.7.2007 - 30.6.2014 $2.09 359,975 –
1.7.2008 - 30.6.2014 $2.09 359,975 –
–––––––––––––––––––––––––––––––––––––––––––––
Total number of options outstanding 62,756,850 @ 31,574,025
–––––––––––––––––––––––––––––––––––––––––––––
* At the extraordinary general meeting of SATS held on 20 July 2004, SATS’ shareholders approved an amendment
to the Plan allowing for adjustment to the exercise prices of existing options by SATS Committee administering the
Plan, in the event of the declaration of a special dividend. At the same meeting, SATS’ shareholders approved the
declaration of a special dividend. The said Committee then approved a $0.30 reduction of the exercise prices of the
outstanding share options. The exercise prices reflected here are the exercise prices after such adjustment.
@ The total number of options outstanding includes 12,860,975 share options not exercised by employees who have
retired or ceased to be employed by SATS or any of its 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 Remuneration 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.