annual report 2011

IOOF | annual report 2011
Notes to the financial statements (cont’d)
For the year ended 30 June 2011
Disclosure of share-based payment programmes
Series - Recipient
Exercise
price
Opening
balance as
at 1 July 2010
Granted
Forfeited
or Lapsed
Exercised
Closing balance
as at 30 June
2011
2008-4 Options - Senior Management 3.15 80,000 - - (80,000) - -
2008-5 Options - Senior Management 3.15 100,000 - - (100,000) - -
2009-21 Options - Senior Management 3.15 100,000 - - (100,000) - -
2008-8 Options - Senior Management 3.15 150,000 - (75,000) - 75,000 56,250
2009-1 Options - Executives 2.98 160,857 - - (107,238) 53,619 53,619
2009-2 Options - Executives 3.73 26,809 - - - 26,809 26,809
2009-4 Options - Executives 5.52 214,476 - - (80,428) 134,048 134,048
2009-5 Options - Executives 9.17 254,690 - (254,690) - - -
2009-6 Options - Senior Staff 9.69 81,749 - (81,749) - - -
2009-7 Options - Executives 9.36 254,690 - (107,238) - 147,452 147,452
2009-8 Options - Senior Staff 9.36 218,477 - (26,807) - 191,670 191,670
2009-9 Options - Managing Director 9.99 134,047 - - - 134,047 134,047
2009-11 Options - Senior Staff 6.34 1,286,852 - (53,619) (1,233,233) - -
2009-15 Options - Former CEO 9.89 675,000 - - - 675,000 675,000
2009-16 Options - Managing Director 5.20 316,624 - - - 316,624 -
2009-20 Options - Senior Management 5.68 150,000 - - - 150,000 37,500
2010-02 Options - Senior Management 7.40 - 150,000 - - 150,000 18,750
2010-03 Options - Executives 7.01 500,000 - - - 500,000 -
2010-04 Options - Executives 6.14 - 2,000,000 (75,000) - 1,925,000 -
2010-05 Options - Managing Director 6.93 - 300,000 - - 300,000 -
Vested
4,704,271 2,450,000 (674,103) (1,700,899) 4,779,269 1,475,145
2007-1 Rights - Senior Management $nil 20,181 - - (20,181) - -
2007-2 Rights - Senior Management $nil 13,460 - - (13,460) - -
2007-4 Rights - Advisers $nil 46,180 - - (46,180) - -
2007-5 Rights - Senior Management $nil 7,500 - (2,500) (1,250) 3,750 -
2008-1 Rights - Senior Management $nil 41,614 - - - 41,614 -
2008-2 Rights - Senior Management $nil 65,151 - (21,717) (21,717) 21,717 21,717
2008-6 Rights - Advisers $nil 86,799 - (3,199) - 83,600 83,600
2008-7 Rights - Senior Management $nil 8,750 - - (1,250) 7,500 -
2009-14 Rights - Managing Director $nil 150,000 - - - 150,000 -
2009-17 Rights - Senior Management $nil 32,970 - - - 32,970 -
2009-18 Rights - Advisers $nil 116,313 - - - 116,313 -
2010-01 Rights - Senior Management $nil - 10,000 - (1,250) 8,750 -
2010-06 Rights - Managing Director $nil - 150,000 - - 150,000 -
588,918 160,000 (27,416) (105,288) 616,214 105,317
2010-07 Deferred - Managing Director $nil 48,238 - - - 48,238 24,119
2012-03 Deferred - Managing Director $nil - 31,694 - - 31,694 -
48,238 31,694 - - 79,932 24,119
5,341,427 2,641,694 (701,519) (1,806,187) 5,475,415 1,604,581
The options outstanding at 30 June 2011 have an exercise price in the range of $2.98 to $9.99 and a weighted average contractual life
of 3.2 years.
The weighted average share price at the date of exercise for share options exercised during the year ended 30 June 2011
was $6.84 (2010: $6.59).
page 100