Singapore Airlines 2016 Annual Report Download - page 145
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5 Sta Costs (in $ million) (continued)
Share-based compensation arrangements (continued)
(b) Share-based incentive plans (equity-settled) (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:
FY2015/16 FY2014/15
Number of
options
Weighted
average
exercise price
Number of
options
Weighted
average
exercise price
Balance at 1 April 25,233,029 $12.42 30,809,844 $12.16
Cancelled (1,754,354) $10.52 (2,117,481) $12.06
Exercised (2,365,478) $8.71 (3,459,334) $8.29
Balance at 31 March 21,113,197 $13.03 25,233,029 $12.42
Exercisable at 31 March 21,113,197 $13.03 25,233,029 $12.42
The range of exercise prices for options outstanding at the end of the year is $9.34 to $15.46 (FY2014/15: $8.02 to $15.46).
The weighted average share price for options exercised during the year was $11.01 (FY2014/15: $10.76). The weighted average remaining
contractual life for these options is 1.46 years (FY2014/15: 2.21 years).
Movement of share awards during the financial year
Number of Restricted Shares
Date of grant
Balance at
01.04.2015/
date of grant Adjustment* Vested
Balance at
31.03.2016
RSP/RSP 2014
01.07.2011 15,216 – (15,216) –
10.07.2012 220,910 – (118,722) 102,188
15.07.2013 650,438 (242,788) (221,475) 186,175
03.07.2014 689,073 – – 689,073
03.07.2015 715,092 – – 715,092
2,290,729 (242,788) (355,413) 1,692,528
* Adjustment at the end of two-year performance period upon meeting performance targets and adjustment for number of days in service for retirees.
Number of Performance Shares
Date of grant
Balance at
01.04.2015/
date of grant Adjustment#
Balance at
31.03.2016
PSP/PSP 2014
10.07.2012 173,405 (173,405) –
15.07.2013 228,425 – 228,425
03.07.2014 248,568 – 248,568
03.07.2015 239,700 – 239,700
890,098 (173,405) 716,693
# Adjustment at the end of three-year performance period upon meeting performance targets and adjustment for number of days in service for retirees.
Annual Report FY2015/16 143