Singapore Airlines 2010 Annual Report Download - page 133

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ANNUAL REPORT 2009/10
131
5 Staff Costs (in $ million) (continued)
Share-based compensation expense (continued)
Share-based incentive plans (continued)
Movement of share awards during the financial year
The details of the shares awarded under the share-based incentive plans are as follows:
Number of Restricted Shares
Balance at
1.4.2009 / Balance at
Date of grant date of grant Adjustment* Vested Cancelled Modification# 31.3.2010
RSP
27.7.2006 139,749 - (74,432) (734) 7,726 72,309
1.8.2007 496,842 46,710 (282,960) (8,692) 30,199 282,099
1.7.2008 650,612 - - (5,400) 77,411 722,623
29.7.2009 586,811 - - - 70,398 657,209
1,874,014 46,710 (357,392) (14,826) 185,734 1,734,240
* Adjustment at the end of two-year performance period upon meeting stated performance targets.
# Following approval by the Company’s shareholders of the dividend in specie of SATS shares on 31 July 2009, the Board Compensation
& Industrial Relations Committee approved an increase in all restricted shares outstanding on 12 August 2009 under the RSP.
Number of Performance Shares
Balance at
1.4.2009 / Balance at
Date of grant date of grant Adjustment* Vested Cancelled Modification# 31.3.2010
PSP
27.7.2006 144,701 (35,000) (104,966) (4,735) - -
1.8.2007 157,952 - - - 18,947 176,899
1.7.2008 222,200 - - - 26,664 248,864
29.7.2009 195,000 - - - 23,400 218,400
719,853 (35,000) (104,966) (4,735) 69,011 644,163
* Adjustment at the end of three-year performance period upon meeting stated performance targets.
# Following approval by the Company’s shareholders of the dividend in specie of SATS shares on 31 July 2009, the Board Compensation
& Industrial Relations Committee approved an increase in all performance shares outstanding on 12 August 2009 under the PSP.