Singapore Airlines 2008 Annual Report Download - page 78

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Singapore Airlines Annual Report 2007-08
76
5 Options on Shares in the Company (continued)
(ii) Restricted Share Plan (“RSP”) and Performance Share Plan (“PSP”) (continued)
The details of the shares awarded under RSP and PSP are as follows:
Number of Restricted shares
Balance at
1.4.2007/later Balance at
Date of grant date of grant Adjustment # Cancelled 31.3.2008
RSP
27.7.2006 258,330 6,825 (4,650) 260,505
1.8.2007 513,950 13,855 - 527,805
772,280 20,680 (4,650) 788,310
Number of Performance shares
Balance at
1.4.2007/later Balance at
Date of grant date of grant Adjustment # Cancelled 31.3.2008
PSP
27.7.2006 140,900 3,801 - 144,701
1.8.2007 153,800 4,152 - 157,952
294,700 7,953 - 302,653
# Following approval by the Company’s shareholders of the declaration of a special dividend of $0.50 per share on 31 July 2007,
the Board Compensation & Industrial Relations Committee approved a revision in all restricted shares and performance shares
outstanding on 2 August 2007 under the RSP and PSP respectively. The number of outstanding restricted shares and performance
shares reflected here are after such adjustment.
The details of RSP and PSP granted to directors of the Company:
Aggregate awards
granted since Aggregate
Conditional awards commencement of awards not
granted during plans to end of released at end
financial year financial year of financial year
Name of participant under review under review under review
RSP
Chew Choon Seng 47,025 77,025 77,025
PSP
Chew Choon Seng 50,025 77,025 77,025
REPORT BY THE BOARD OF DIRECTORS