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Notes to the annual financial statements (continued)
for the three years ended March 31, 2009
25. EMPLOYEE BENEFITS (continued)
Telkom Conditional Share Plan (continued)
Telkom Annual Report 2009 307
The weighted average remaining vesting period for the shares outstanding as at March 31, 2009 is 0.71 years (2008: 1.25 years;
2007: 1.75 years).
2007 2008 2009
The following table illustrates the movement of the maximum number
of shares that will vest to employees for the August 2004 grant:
Outstanding at beginning of the year 2,414,207 1,883,991 420,590
Granted during the year 1,212 252 –
Forfeited during the year (80,923) (43,790) (3,985)
Vested during the year (450,505) (1,419,863) (416,605)
Outstanding at end of the year 1,883,991 420,590 –
The following table illustrates the movement of the maximum number
of shares that will vest to employees for the June 2005 grant:
Outstanding at beginning of the year 1,930,687 1,864,041 1,435,387
Granted during the year 1,005 3,469 52,954
Forfeited during the year (67,651) (108,177) (45,188)
Vested during the year – (323,946) (1,135,424)
Outstanding at end of the year 1,864,041 1,435,387 307,729
The following table illustrates the movement of the maximum number
of shares that will vest to employees for the November 2006 grant:
Outstanding at beginning of the year – 1,773,361 1,640,980
Granted during the year 1,825,488 833 –
Forfeited during the year (52,127) (133,214) (132,614)
Outstanding at end of the year 1,773,361 1,640,980 1,508,366
The following table illustrates the movement of the maximum number
of shares that will vest to employees relating to the additional
November 2006 grant:
Outstanding at beginning of the year – – 4,812,305
Granted during the year – 4,984,693 25,775
Forfeited during the year – (172,388) (389,357)
Outstanding at end of the year – 4,812,305 4,448,723
The following table illustrates the movement of the maximum number
of shares that will vest to employees for the September 2007 grant:
Outstanding at beginning of the year – – 5,846,636
Granted during the year – 6,117,163 23,650
Forfeited during the year – (270,527) (509,185)
Outstanding at end of the year – 5,846,636 5,361,101