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81
Telstra Corporation Limited and controlled entities
Remuneration Report
7.4 Summary of LTI Plans as at 30 June 2011
As at 30 June 2011 the vesting status of all LTI equity plans is as follows:
(1) 85% of the Growthshare 2008 LTI plan and 37.5% of the Growthshare 2009 LTI plan expired as at 30 June 2011. Refer to Note 27 of the financial
statements for further information.
(2) The values included in the above table have been calculated by applying option valuation methodologies as described in Note 27 to the financial
statements.
Plan Type of
Instrument
Granted
Performance Period Result (1) Future
Financial Years
in which Grants
Vest
Accounting Value
Yet to Vest (2)
Min ($) Max ($)
Growthshare
2008 Options 30% of the plan had a test
point at 30 June 2009.
30% of the plan had a test
point at 30 June 2010.
40% of the plan was tested
at 30 June 2011 as follows:
1/07/2007 – 30/06/2011 in
respect of TSR (20% of the
total plan)
1/07/2007 – 30/06/2011 in
respect of ROI (20% of the
total plan)
15% (of the 30%) related
to the ROI performance
measures for the entire
plan vested.
0% vested.
0% vested.
0% vested.
No further
testing. n/a n/a
Growthshare
2009 Options
Restricted
Shares
1/07/2008 – 30/06/2012
1/07/2009 – 30/06/2012
30% of the plan was
tested at 30/06/2010 of
which 0% vested.
30% of the plan was
tested at 30/06/2011 of
which 0% vested.
Options and
restricted shares
may vest subject
to plan
performance
measures in fiscal
2012.
n/a
nil
n/a
323,633
Growthshare
2010 Restricted
Shares 1/07/2009 – 30/06/2012 The first and only test
point of the plan is
30/06/2012.
Restricted shares
that may vest in
fiscal 2012 are
subject to a
further one year
restriction period
that ends on 21
August 2013.
nil 929,208
Growthshare
2011 Restricted
Shares 1/07/2010 – 30/06/2013 The first and only test
point of the plan is
30/06/2013.
Restricted shares
that may vest in
fiscal 2013 are
subject to a
further one year
restriction period
that ends on 20
August 2014.
nil 5,202,975