Telstra 2012 Annual Report Download - page 213

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Telstra Corporation Limited and controlled entities
183
Notes to the Financial Statements (continued)
(b) Long term incentive (LTI) plans (continued)
(iv) Summary of movements and other information (continued)
(*) Options include RTSR, TSR, ROI, ESOP and US ESOP options.
The options “exercised” includes those participants that have been
made redundant and are then consequently entitled to the Telstra
shares.
(^) Performance rights include TSR, RG, NT and ESRP
performance rights.
(#) Restricted shares relate to RTSR, FCFROI ROI and ESP
restricted shares.
(**) The fair value of these instruments is calculated using an option
pricing model that takes into account various factors, including the
exercise price and expected life of the instrument, the current price
of the underlying share and its expected volatility, expected
dividends, the risk-free rate for the expected life of the instrument,
and the expected average volatility of Telstra’s peer group
companies.
(^^)The weighted average share price for instruments exercised
during fiscal 2011 was $2.58 for fiscal 2008 and fiscal 2009 ESOP
allocation of options, and $2.76 for fiscal 2005 and fiscal 2010
allocation of performance rights respectively. These share prices
were based on the closing market price on the exercise dates.
(##) The weighted average share price for instruments exercised
during fiscal 2012 was $3.25 for the fiscal 2006 and fiscal 2009
allocation of performance rights, and $3.59 for fiscal 2012 allocation
of ESP restricted shares respectively. These share prices were
based on the closing market price on the exercise dates.
27. Employee share plans (continued)
Options (*) Performance rights (^) Restricted Shares (#)
Number
Weighted
average fair
value (**) Number
Weighted
average fair
value (**) Number
Weighted
average fair
value (**)
Outstanding
as at 30 June 2010 . . . . . . 74,782,829 $0.45 2,373,932 $2.91 18,388,242 $2.01
Granted. . . . . . . . . . . . . - - 1,168,590 $2.37 14,295,364 $1.75
Forfeited . . . . . . . . . . . . (9,065,777) $0.39 (228,308) $2.86 (4,726,114) $1.95
Exercised (^^) . . . . . . . . . (409) $0.35 (379,008) $3.16 - -
Expired . . . . . . . . . . . . . (17,910,447) $0.50 - - (1,253,641) $2.83
Outstanding
as at 30 June 2011 . . . . . . 47,806,196 $0.45 2,935,206 $2.69 26,703,851 $1.84
Granted. . . . . . . . . . . . . - - - - 8,413,844 $2.67
Forfeited . . . . . . . . . . . . (13,096,052) $0.84 (168,843) $2.63 (5,180,200) $1.88
Exercised (##) . . . . . . . . . - - (75,503) $2.97 (16,600) $3.36
Expired . . . . . . . . . . . . . (5,242,121) $0.16 - - (4,589,689) $2.39
Outstanding
as at 30 June 2012 . . . . . . 29,468,023 $0.32 2,690,860 $2.66 25,331,206 $2.01
Exercisable
as at 30 June 2012 . . . . . . 25,159,853 $0.35 58,830 $3.18 - -