Singapore Airlines 2009 Annual Report Download - page 74

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5 Options on Shares in the Company (continued)
(i) Employee Share Option Plan (continued)
At the end of the fi nancial year, options to take up 63,383,492 unissued shares in the Company
were outstanding:
Number of options to subscribe for unissued ordinary shares
Balance at
1.4.2008 / Balance at Exercise
Date of grant date of grant Cancelled Exercised 31.3.2009 price* Exercisable period
28.3.2000 4,943,581 (459,000) (147,250) 4,337,331 $14.84 28.3.2001 - 27.3.2010
3.7.2000 5,168,825 (552,780) (10,600) 4,605,445 $16.15 3.7.2001 - 2.7.2010
2.7.2001 2,710,618 (217,600) (176,600) 2,316,418 $11.46 2.7.2002 - 1.7.2011
1.7.2002 3,995,176 (239,050) (350,015) 3,406,111 $12.32 1.7.2003 - 30.6.2012
1.7.2003 2,986,378 (119,225) (342,777) 2,524,376 $ 9.84 1.7.2004 - 30.6.2013
1.7.2004 4,772,140 (66,025) (486,428) 4,219,687 $10.20 1.7.2005 - 30.6.2014
1.7.2005 8,211,437 (116,404) (653,369) 7,441,664 $10.78 1.7.2006 - 30.6.2015
3.7.2006 11,794,466 (193,321) (1,464,437) 10,136,708 $12.10 3.7.2007 - 2.7.2016
2.7.2007 12,088,175 (335,255) - 11,752,920 $18.22 2.7.2008 - 1.7.2017
1.7.2008 12,836,062 (193,230) - 12,642,832 $14.83 1.7.2009 - 30.6.2018
69,506,858 (2,491,890) (3,631,476) 63,383,492
* Following approval by the Company’s shareholders of the declaration of a special dividend of $0.50 on 31 July 2007, the
Board Compensation & Industrial Relations Committee approved a reduction of $0.50 in the exercise prices of the share
options outstanding on 2 August 2007. The exercise prices refl ected here are the exercise prices after such adjustment.
The details of options granted to and exercised by directors of the Company:
Aggregate Aggregate
options options
granted since exercised since Aggregate
Exercise price commencement commencement options
Options for options of scheme of scheme outstanding
granted during granted during to end of to end of at end of
Name of fi nancial year fi nancial year fi nancial year fi nancial year Options fi nancial year
participant under review under review under review under review lapsed under review
Chew Choon Seng - - 1,194,000 - - 1,194,000
The particulars of options on shares in subsidiary companies are as follows:
(a) Singapore Airport Terminal Services Limited (“SATS”)
The Singapore Airport Terminal Services Limited Employee Share Option Plan (“SATS ESOP”), which
comprises the Senior Executive Share Option Scheme and the Employee Share Option Scheme for
senior executives and all other employees respectively, was approved on 20 March 2000.
REPORT BY THE BOARD OF DIRECTORS