AJ Lucas Group annual report 2007-08

Analysis of movements in options and rights
The movement during the reporting period, by value, of options and rights over ordinary shares of the Company held by each Company director and
each of the named executives is detailed below:
(i)
Granted
in year
$
(ii)
Value of
options and rights
exercised in year
$
(iii)
Lapsed
in year
$
Directors
AS Campbell 187,000 — —
I Stuart-Robertson 119,000 — —
AJ Lukas 119,000 — —
— —
Executive
I Redfern 252,947 — —
K Lester 173,332 360,000 —
M Summergreene 159,467 — —
B Burden 156,001 — —
B Tredinnick 141,995 — —
M Tonkin 110,617 — —
(i) The value of options and rights is their fair value calculated at grant date using a Black-Scholes pricing model. The total value of the options and
rights is included in the table above. This amount is allocated to remuneration over the vesting period.
(ii) The value of the options and rights is calculated as the market price of the Company’s shares on the Australian Securities Exchange as at close of
trading on the date the options or rights were exercised after deducting the price paid to exercise the options and rights.
(iii) The value of the options and rights that lapsed during the year represents the benefits foregone and is calculated at the date of the option or right
lapses using a Black-Scholes pricing model assuming the performance hurdle has not been met. No options or rights lapsed in the year.
Signed in accordance with a resolution of the directors pursuant to s.298 (2) of the Corporations Act 2001.
Allan Campbell, Director
Dated at Sydney, this 25th day of September 2008.
28 LUCAS group