Singapore Airlines 2009 Annual Report Download - page 143

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141
13 Share Capital (in $ million) (continued)
Share-based incentive plans (continued)
Fair values of RSP and PSP (continued)
SATS RSP and SATS PSP (continued)
November 2007 Award July 2007 Award
RSP PSP RSP PSP
SATS
Expected dividend yield (%) Management’s forecast in line with dividend policy
Expected volatility (%) 23.40 – 27.30 23.40 21.70 – 25.60 21.70
Risk-free interest rate (%) 2.10 – 2.40 2.17 2.45 – 2.59 2.47
Expected term (years) 1.7 – 3.7 2.7 1.9 – 3.9 2.9
Share price at date of grant ($) 2.93 2.93 3.04 3.04
The details of the shares awarded under SATS RSP and SATS PSP during the year since commencement of
the plans are as follows:
Number of Restricted shares
Balance at
1.4.2008 / date Balance at
Date of grant of grant Vested Cancelled 31.3.2009
SATS RSP
2.10.2006 176,926 (87,910) (4,972) 84,044
27.7.2007 345,750 - (23,400) 322,350
1.11.2007 41,000 - - 41,000
28.7.2008 532,700 - (21,100) 511,600
17.11.2008 50,000 - - 50,000
1,146,376 (87,910) (49,472) 1,008,994
Number of Performance shares
Balance at
1.4.2008 / date Balance at
Date of grant of grant Cancelled 31.3.2009
SATS PSP
2.10.2006 85,651 - 85,651
27.7.2007 98,200 - 98,200
1.11.2007 55,000 - 55,000
28.7.2008 92,000 - 92,000
330,851 - 330,851