2012 Integrated report - Sappi

35. Directors’ and prescribed officers’ participation in the Sappi Limited share schemes
Changes in executive directors’ and prescribed officers’ share options, allocation shares and performance
shares before fiscal year-end
Executive directors
Allocated
price
R J Boëttger M R Thompson Total 2012 Total 2011
Number of
shares
Allocated
price
Number of
shares
Number of
shares
Number of
shares
Outstanding at beginning
of year
Number of shares held 654,000 463,200 1,117,200 1,087,200
Issue 28a ZAR47.08 39,600
Issue 29 ZAR46.51 39,600
Performance shares 32 ZAR11.06 110,000 ZAR11.06 88,000
Performance shares 34 154,000 88,000
Performance shares 35 195,000 120,000
Performance shares 36 195,000 88,000
Offered and accepted
during the year
Performance shares 36 283,000
Performance shares 37 200,000 70,000 270,000
Paid for during the year
Number of shares (55,000) (44,000) (99,000) (110,000)
Returned, lapsed and
forfeited during the year
Number of shares (55,000) (83,600) (138,600) (143,000)
Outstanding at end of year
Number of shares held 744,000 405,600 1,149,600 1,117,200
Issue 29 ZAR46.51 39,600
Performance shares 34 154,000 88,000
Performance shares 35 195,000 120,000
Performance shares 36 195,000 88,000
Performance shares 37 200,000 70,000
Performance shares are issued when all conditions per note 28 are met. The position of participants in regard to the rights offer is also
explained in note 28.
Expiry dates
Issue 29 13 December 2012
Performance shares 34 22 December 2012
Performance shares 35 09 December 2013
Performance shares 36 03 December 2014
Performance shares 37 02 December 2015
sappi Integrated Report 2012 177