Telstra 2002 Annual Report Download - page 237

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Telstra Corporation Limited and controlled entities
234
Notes to the Financial Statements (continued)
19. Employee share plans (continued)
(c) Share plan information (continued)
We provide the following information about Telstra Growthshare:
September 1999 offer of options and restricted shares:
September 2000 offer of options and restricted shares:
March 2001 offer of options and restricted shares:
Growthshare 2000
options (v)
Growthshare 2000
restricted shares (v)
Number of executives who were allocated options and restricted
shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 45
Effective commencement date of options and restricted shares . . . 13 September 1999 13 September 1999
Performance hurdle period - ie. over what time period executives
have to satisfy performance hurdle to be eligible for shares . . . . . .
period between 13 September 2002
and 13 September 2004
period between 13 September 2002
and 13 September 2004
Number of options and restricted shares issued . . . . . . . . . . . . . 3,370,000 573,500
Exercise price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8.02 per option
$1 in total per holding as long as
performance hurdle is met
Market value of shares on commencement date . . . . . . . . . . . . $8.02 per share $8.02 per share
Exercise date (once performance hurdle is met). . . . . . . . . . . . . . any time before 13 September 2009 any time before 13 September 2004
Growthshare 2001
options (v)
Growthshare 2001
restricted shares (v)
Number of executives who were allocated options and restricted
shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113 112
Effective commencement date of options and restricted shares . . . 8 September 2000 8 September 2000
Performance hurdle period - ie. over what time period executives
have to satisfy performance hurdle to be eligible for shares . . . . . .
period between 8 September 2003
and 8 September 2005
period between 8 September 2003
and 8 September 2005
Number of options and restricted shares issued . . . . . . . . . . . . . 4,684,200 961,900
Exercise price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6.28 per option
$1 in total per holding as long as
performance hurdle is met
Market value of shares on commencement date . . . . . . . . . . . . . $6.28 per share $6.28 per share
Exercise date (once performance hurdle is met). . . . . . . . . . . . . . any time before 8 September 2010 any time before 8 September 2005
Growthshare 2001
options (v)
Growthshare 2001
restricted shares (v)
Number of executives who were allocated options and restricted
shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2
Effective commencement date of options and restricted shares . . . 16 March 2001 16 March 2001
Performance hurdle period - ie. over what time period executives
have to satisfy performance hurdle to be eligible for shares . . . . . .
period between 16 March 2004 and
16 March 2006
period between 16 March 2004 and
16 March 2006
Number of options and restricted shares issued . . . . . . . . . . . . . 168,710 43,817
Exercise price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6.55 per option
$1 in total per holding as long as
performance hurdle is met
Market value of shares on commencement date . . . . . . . . . . . . . $6.55 per share $6.55 per share
Exercise date (once performance hurdle is met). . . . . . . . . . . . . . any time before 16 March 2011 any time before 16 March 2006