FINANCIAL STATEMENTS (Full Version) - Sembcorp

Notes to the
Financial Statements
Year Ended December 31, 2008
4. SHARE-BASED INCENTIVE PLANS (cont’d)
a. Share Option Plan (cont’d)
At the end of the financial year, details of the options granted under the Share Option Plan on unissued ordinary
shares of Sembcorp Marine Ltd are as follows:
Sembcorp Marine Ltd
Ordinary shares
2008
Options
Options cancelled / Options Options Options
Date of grant Exercise price outstanding Options lapsed / outstanding exercisable exercisable
of options per share at Jan 1, 2008 exercised not accepted at Dec 31, 2008 at Jan 1, 2008 at Dec 31, 2008 Exercise period
08/09/2000 S$0.50 198,870 (7,700) – 191,170 198,870 191,170 08/09/2001 to 07/09/2010
27/09/2001 S$0.47 259,280 (80,570) – 178,710 259,280 178,710 28/09/2002 to 27/09/2011
07/11/2002 S$0.64 513,650 (177,250) (700) 335,700 513,650 335,700 08/11/2003 to 07/11/2012
08/08/2003 S$0.71 142,800 (142,800) – – 142,800 – 09/08/2004 to 08/08/2008
08/08/2003 $0.71 2,130,490 (1,106,820) (8,400) 1,015,270 2,130,490 1,015,270 09/08/2004 to 08/08/2013
10/08/2004 S$0.74 430,500 (378,000) – 52,500 280,000 52,500 11/08/2005 to 10/08/2009
10/08/2004 S$0.74 6,856,205 (3,154,220) (115,100) 3,586,885 2,412,955 3,586,885 11/08/2005 to 10/08/2014
11/08/2005 S$2.11 365,750 (115,500) – 250,250 134,750 147,000 12/08/2006 to 11/08/2010
11/08/2005 S$2.11 12,635,335 (2,609,460) (322,400) 9,703,475 3,582,935 5,348,775 12/08/2006 to 11/08/2015
02/10/2006 S$2.38 724,500 (75,250) – 649,250 136,500 281,750 03/10/2007 to 02/10/2011
02/10/2006 S$2.38 11,319,490 (894,585) (469,071) 9,955,834 2,388,059 4,318,857 03/10/2007 to 02/10/2016
35,576,870 (8,742,155) (915,671) 25,919,044 12,180,289 15,456,617
Sembcorp Marine Ltd
Ordinary shares
2007
Options
granted for
Options
Options bonus shares cancelled / Options Options Options
Date of grant Exercise price # outstanding issued during Options lapsed / outstanding exercisable exercisable
of options per share at Jan 1, 2007 the year exercised not accepted at Dec 31, 2007 at Jan 1, 2007 at Dec 31, 2007 Exercise period
08/09/2000 S$0.50 298,000 61,260 (80,440) (79,950) 198,870 298,000 198,870 08/09/2001 to 07/09/2010
27/09/2001 S$0.47 510,200 108,680 (333,850) (25,750) 259,280 510,200 259,280 28/09/2002 to 27/09/2011
07/11/2002 S$0.64 140,000 – (140,000) – – 140,000 – 08/11/2003 to 07/11/2007
07/11/2002 S$0.64 3,202,450 182,700 (2,688,750) (182,750) 513,650 3,202,450 513,650 08/11/2003 to 07/11/2012
08/08/2003 S$0.71 367,000 40,800 (265,000) – 142,800 265,750 142,800 09/08/2004 to 08/08/2008
08/08/2003 $0.71 5,311,650 721,240 (3,682,150) (220,250) 2,130,490 2,358,150 2,130,490 09/08/2004 to 08/08/2013
10/08/2004 S$0.74 510,000 129,000 (187,500) (21,000) 430,500 280,000 280,000 11/08/2005 to 10/08/2009
10/08/2004 S$0.74 8,968,200 2,085,380 (3,726,325) (471,050) 6,856,205 2,357,200 2,412,955 11/08/2005 to 10/08/2014
11/08/2005 S$2.11 505,000 130,500 (185,750) (84,000) 365,750 257,500 134,750 12/08/2006 to 11/08/2010
11/08/2005 S$2.11 13,405,650 3,803,910 (3,902,275) (671,950) 12,635,335 3,146,150 3,582,935 12/08/2006 to 11/08/2015
02/10/2006 S$2.38 560,000 224,000 (59,500) – 724,500 – 136,500 03/10/2007 to 02/10/2011
02/10/2006 S$2.38 9,224,075 3,480,850 (648,335) (737,100) 11,319,490 – 2,388,059 03/10/2007 to 02/10/2016
43,002,225 10,968,320 (15,899,875) (2,493,800) 35,576,870 12,815,400 12,180,289
# Adjusted for two Bonus Shares credited as fully paid for every five existing ordinary shares.
Except as disclosed above, there were no unissued shares of the Company or its subsidiaries under options granted
by the Company or its subsidiaries as at the end of the financial year.
144 Delivering Essential Solutions Sembcorp Industries Annual Report 2008 145