Singapore Airlines 2010 Annual Report Download - page 75
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ANNUAL REPORT 2009/10
73
5 Equity Compensation Plans of the Company (continued)
(i) Employee Share Option Plan (“ESOP”)
Details of the ESOP are disclosed in Note 5 to the financial statements.
At the end of the financial year, options to take up 52,411,320 unissued shares in the Company were outstanding:
Number of options to subscribe for unissued ordinary shares
Balance at Balance at Exercise
Date of grant 1.4.2009 Cancelled Exercised 31.3.2010 price* Exercisable period
28.3.2000 4,337,331 (836,929) (3,500,402) - $ 13.13 28.3.2001 - 27.3.2010
3.7.2000 4,605,445 (349,940) (595,980) 3,659,525 $ 14.44 3.7.2001 - 2.7.2010
2.7.2001 2,316,418 (144,785) (307,570) 1,864,063 $ 9.75 2.7.2002 - 1.7.2011
1.7.2002 3,406,111 (124,000) (358,222) 2,923,889 $ 10.61 1.7.2003 - 30.6.2012
1.7.2003 2,524,376 (118,271) (419,157) 1,986,948 $ 8.13 1.7.2004 - 30.6.2013
1.7.2004 4,219,687 (130,323) (678,793) 3,410,571 $ 8.49 1.7.2005 - 30.6.2014
1.7.2005 7,441,664 (63,850) (1,014,651) 6,363,163 $ 9.07 1.7.2006 - 30.6.2015
3.7.2006 10,136,708 (113,273) (1,429,299) 8,594,136 $ 10.39 3.7.2007 - 2.7.2016
2.7.2007 11,752,920 (307,420) (950) 11,444,550 $ 16.51 2.7.2008 - 1.7.2017
1.7.2008 12,642,832 (354,304) (124,053) 12,164,475 $ 13.12 1.7.2009 - 30.6.2018
63,383,492 (2,543,095) (8,429,077) 52,411,320
* 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 said Committee approved another $1.71 reduction in the exercise prices of the share options outstanding
on 28 August 2009 following approval by the Company’s shareholders of the dividend in specie of SATS shares on 31 July 2009.
The exercise prices reflected 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 Aggregate
granted since exercised since options
Exercise price commencement commencement outstanding
Options for options of scheme of scheme at end of
granted during granted during to end of to end of financial
Name of financial year financial year financial year financial year Options year under
participant under review under review under review under review lapsed review
Chew Choon Seng - - 1,194,000 120,000 - 1,074,000