bold spirit - ArcelorMittal South Africa

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ArcelorMittal South Africa
Annual Report 2010
Directors’ remuneration report continued
Directors’ share options
ArcelorMittal South Africa equity-settled share option scheme
Options issued to directors, which form part of the 41.1 million (December 2009: 40.3 million) shares allocated to the
Management Share Trust, totalled 317 397 as at 31 December 2010 (December 2009: 400 791) as follows:
Subscription
price
R
Balance as at 1 January 2010
Number
Date of
issue
Period
granted
(years)
For the year ended 31 December 2010
Name
DK Chugh 50.26 22 876 2005/09/28 6
53.38 48 522 2005/12/12 10
71 398
N Nyembezi-Heita 186.50 31 660 2008/03/25 10
73.75 66 520 2008/11/10 10
105.50 66 520 2009/11/02 10
164 700
RH Torlage 83.88 29 563 2006/11/08 10
82.02 2 946 2006/12/12 10
133.50 16 770 2007/11/20 10
73.75 16 770 2008/11/10 10
106.50 15 250 2009/11/20 10
81 299
HJ Verster 83.88 59 523 2006/11/08 10
82.02 5 950 2006/12/12 10
133.50 34 020 2007/11/20 10
73.75 34 020 2008/11/10 10
105.50 31 180 2009/11/02 10
164 693
Total 482 090
Notes
1.
Appointed on 3 September 2010 as Chief Financial Officer and executive director. These options were offered and accepted before his
appointment as director.
2.
Resigned on 23 August 2010, hence these shares were forfeited.
3.
On 25 October 2010, 11 328 shares were sold at R83.25 each. The remaining 22 692 shares in this tranche were forfeited.
4.
Offer accepted on 13 January 2009.
5.
Offer accepted on 6 November 2009.