Singapore Airlines 2012 Annual Report Download - page 85
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083ANNUAL REPORT 2011/2012
Report by the Board Of Directors
5 Equity Compensation Plans of the Company (continued)
(ii) Restricted Share Plan (“RSP”) and Performance Share Plan (“PSP”)
Details of the RSP and PSP are disclosed in Note 5 to the financial statements.
The RSP and PSP were approved by the shareholders of the Company on 28 July 2005.
Under the RSP and PSP, a base number of conditional share awards (“Base Award”) is granted to eligible participants
annually. Depending on the achievement of pre-determined targets over a two-year performance period for the
RSP and a three-year performance period for the PSP, the Board Compensation & Industrial Relations Committee
will determine an achievement factor which will then be applied to the Base Award to determine the final number
of RSP shares and PSP shares to be awarded at the end of the respective performance periods (“Final Award”).
The achievement factor could range from 0% to 150% for the RSP and from 0% to 200% for the PSP.
Half of the RSP Final Awards of fully paid ordinary shares will be released to the participants upon vesting.
The balance will be released equally over the subsequent two years with fulfilment of service requirements.
All the PSP Final Awards of fully paid ordinary shares will be released to the participants at the end of the three-year
performance period.
No awards have been granted to controlling shareholders or their associates, or parent group directors or employees
under the RSP and PSP.
No employee has received 5% or more of the total number of options or awards granted under the ESOP, RSP
and PSP.
The details of the shares awarded under RSP and PSP to directors of the Company are as follows:
1. RSP Base Awards
Aggregate
Base Awards
granted since
Base Awards Base Awards commencement
granted vested Balance as at of RSP to end of
Name of during the during the 31 March financial year
participant financial year financial year Modifications^ 2012 under review
Goh Choon Phong 40,000 14,560 3,371 60,371 115,256
2. RSP Final Awards (Pending Release) R1
Aggregate
ordinary shares
released to
participant since
Final Awards Final Awards commencement
granted released Balance as at of RSP to end of
Name of during the during the 31 March financial year
participant financial year# financial year Modifications^ 2012 under review
Goh Choon Phong 13,110 13,811 619 11,106 40,458