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135ANNUAL REPORT 2011/2012
Notes to the Financial Statements
31 March 2012
5 Staff Costs (in $ million) (continued)
Share-based compensation expense (continued)
Share-based฀incentive฀plans฀(continued)
Movement of share awards during the financial year
Number of Restricted Shares
Balance at
฀ ฀ 1.4.2011/฀ ฀ ฀ ฀ ฀ Balance฀at
Date฀of฀grant฀ date฀of฀grant฀ Adjustment*฀ Vested฀ Modications^฀ Cancelled฀ 31.03.2012
RSP
1.8.2007 116,928 - (116,928) - - -
1.7.2008 210,440 - (122,889) 5,156 (1,154) 91,553
29.7.2009 634,809 (110,029) (310,960) 12,615 (4,034) 222,401
22.07.2010 527,300 - - 31,165 (11,438) 547,027
01.07.2011 553,160 - - 32,690 (12,582) 573,268
2,042,637 (110,029) (550,777) 81,626 (29,208) 1,434,249
* Adjustment at the end of two-year performance period upon meeting performance targets and adjustments for number of days in service
for retirees.
^ Following approval by the Company’s shareholders of the declaration of a special dividend of $0.80 per share on 29 July 2011, the Board
Compensation & Industrial Relations Committee approved an increase in all restricted shares outstanding on 18 August 2011 under the RSP.
Number of Performance Shares
Balance at
฀ ฀ ฀ 1.4.2011/฀ ฀ ฀ ฀ Balance฀at
Date฀of฀grant฀ ฀ date฀of฀grant฀ Adjustment*฀ Vested฀ Modications^฀ 31.03.2012
PSP
1.7.2008 224,224 68,006 (292,230) - -
29.7.2009 193,760 - - 11,462 205,222
22.07.2010 155,400 - - 9,190 164,590
01.07.2011 145,400 - - 8,599 153,999
718,784 68,006 (292,230) 29,251 523,811
* Adjustment at the end of three-year performance period upon meeting performance targets and adjustment for number of days in service
for retirees.
^ Following approval by the Company’s shareholders of the declaration of a special dividend of $0.80 per share on 29 July 2011, the Board
Compensation & Industrial Relations Committee approved an increase in all performance shares outstanding on 18 August 2011 under
the PSP.