Singapore Airlines 2009 Annual Report Download - page 141

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139
13 Share Capital (in $ million) (continued)
Share-based incentive plans (continued)
Fair values of RSP and PSP (continued)
SIA RSP and PSP (continued)
For non-market conditions, achievement factors are determined based on inputs from the Board
Compensation & Industrial Relations Committee for the purpose of accrual for the RSP until the achievement
of the targets can be accurately ascertained.
The details of the shares awarded under the new share plans during the year since commencement of the
RSP and PSP are as follows:
Number of Restricted shares
Balance at
1.4.2008 / date Balance at
Date of grant of grant Adjustment * Vested Cancelled 31.3.2009
RSP
27.7.2006 260,505 41,226 (152,969) (9,013) 139,749
1.8.2007 527,805 - - (30,963) 496,842
1.7.2008 676,424 - - (25,812) 650,612
1,464,734 41,226 (152,969) (65,788) 1,287,203
* Adjustment at the end of two-year performance period upon meeting stated performance targets.
Number of Performance shares
Balance at
1.4.2008 / date Balance at
Date of grant of grant Cancelled 31.3.2009
PSP
27.7.2006 144,701 - 144,701
1.8.2007 157,952 - 157,952
1.7.2008 222,200 - 222,200
524,853 - 524,853
Based on the Monte Carlo simulation model, the estimated fair value at date of grant for each share granted
under the RSP ranges from $11.21 to $12.72 (2007-08: $17.24 to $18.04) and the estimated fair value at
date of grant for each share granted under the PSP is $9.62 (2007-08: $15.53).