Singapore Airlines 2011 Annual Report Download - page 132

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SINGAPORE AIRLINES
130
NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
5 Staff Costs (in $ million) (continued)
Share-based compensation expense (continued)
Share option plans (continued)
Movement of share options during the financial year
The following table illustrates the number and weighted average exercise prices of, and movements in,
the ESOP during the financial year:
2010-11 2009-10
Weighted Weighted
Number of average Number of average
options exercise price options exercise price
Balance at 1 April 52,411,320 $9.22 63,383,492 $13.88
Cancelled (3,531,268) $14.22 (2,543,095) $13.21
Exercised (5,666,519) $11.15 (8,429,077) $11.68
Balance at 31 March 43,213,533 $12.25 52,411,320 $9.22
Exercisable at 31 March 39,413,208 $11.00 37,888,409 $8.54
The range of exercise prices for options outstanding at the end of the year is $8.13 to $16.51 (2009-10:
$8.13 to $16.51).
Following the expiry of the share option plans in March 2009, the Company ceased to grant options
under ESOP.
The weighted average share price for options exercised during the year was $15.11 (2009-10: $13.45).
The weighted average remaining contractual life for these options is 5.24 years (2009-10: 5.75 years).
Terms of share options outstanding as at 31 March 2011:
Number Number
Exercisable period Exercise price outstanding exercisable
2.7.2002 - 1.7.2011 $9.75 185,566 185,566
2.7.2003 - 1.7.2011 $9.75 824,449 824,449
2.7.2004 - 1.7.2011 $9.75 223,976 223,976
2.7.2005 - 1.7.2011 $9.75 234,124 234,124
1.7.2003 - 30.6.2012 $10.61 332,712 332,712
1.7.2004 - 30.6.2012 $10.61 1,335,696 1,335,696
1.7.2005 - 30.6.2012 $10.61 360,137 360,137
1.7.2006 - 30.6.2012 $10.61 378,248 378,248
1.7.2004 - 30.6.2013 $8.13 219,904 219,904
1.7.2005 - 30.6.2013 $8.13 718,868 718,868
1.7.2006 - 30.6.2013 $8.13 262,451 262,451
1.7.2007 - 30.6.2013 $8.13 495,968 495,968