Download Annual Report 2008 - Sembcorp

Notes to theFinancial StatementsYear Ended December 31, 20084. 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 ordinaryshares of Sembcorp Marine Ltd are as follows:Sembcorp Marine LtdOrdinary shares2008OptionsOptions cancelled / Options Options OptionsDate of grant Exercise price outstanding Options lapsed / outstanding exercisable exercisableof options per share at Jan 1, 2008 exercised not accepted at Dec 31, 2008 at Jan 1, 2008 at Dec 31, 2008 Exercise period08/09/2000 S$0.50 198,870 (7,700) – 191,170 198,870 191,170 08/09/2001 to 07/09/201027/09/2001 S$0.47 259,280 (80,570) – 178,710 259,280 178,710 28/09/2002 to 27/09/201107/11/2002 S$0.64 513,650 (177,250) (700) 335,700 513,650 335,700 08/11/2003 to 07/11/201208/08/2003 S$0.71 142,800 (142,800) – – 142,800 – 09/08/2004 to 08/08/200808/08/2003 $0.71 2,130,490 (1,106,820) (8,400) 1,015,270 2,130,490 1,015,270 09/08/2004 to 08/08/201310/08/2004 S$0.74 430,500 (378,000) – 52,500 280,000 52,500 11/08/2005 to 10/08/200910/08/2004 S$0.74 6,856,205 (3,154,220) (115,100) 3,586,885 2,412,955 3,586,885 11/08/2005 to 10/08/201411/08/2005 S$2.11 365,750 (115,500) – 250,250 134,750 147,000 12/08/2006 to 11/08/201011/08/2005 S$2.11 12,635,335 (2,609,460) (322,400) 9,703,475 3,582,935 5,348,775 12/08/2006 to 11/08/201502/10/2006 S$2.38 724,500 (75,250) – 649,250 136,500 281,750 03/10/2007 to 02/10/201102/10/2006 S$2.38 11,319,490 (894,585) (469,071) 9,955,834 2,388,059 4,318,857 03/10/2007 to 02/10/201635,576,870 (8,742,155) (915,671) 25,919,044 12,180,289 15,456,617Sembcorp Marine LtdOrdinary shares2007Optionsgranted forOptionsOptions bonus shares cancelled / Options Options OptionsDate of grant Exercise price # outstanding issued during Options lapsed / outstanding exercisable exercisableof 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 period08/09/2000 S$0.50 298,000 61,260 (80,440) (79,950) 198,870 298,000 198,870 08/09/2001 to 07/09/201027/09/2001 S$0.47 510,200 108,680 (333,850) (25,750) 259,280 510,200 259,280 28/09/2002 to 27/09/201107/11/2002 S$0.64 140,000 – (140,000) – – 140,000 – 08/11/2003 to 07/11/200707/11/2002 S$0.64 3,202,450 182,700 (2,688,750) (182,750) 513,650 3,202,450 513,650 08/11/2003 to 07/11/201208/08/2003 S$0.71 367,000 40,800 (265,000) – 142,800 265,750 142,800 09/08/2004 to 08/08/200808/08/2003 $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 08/08/201310/08/2004 S$0.74 510,000 129,000 (187,500) (21,000) 430,500 280,000 280,000 11/08/2005 to 10/08/200910/08/2004 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 10/08/201411/08/2005 S$2.11 505,000 130,500 (185,750) (84,000) 365,750 257,500 134,750 12/08/2006 to 11/08/201011/08/2005 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 11/08/201502/10/2006 S$2.38 560,000 224,000 (59,500) – 724,500 – 136,500 03/10/2007 to 02/10/201102/10/2006 S$2.38 9,224,075 3,480,850 (648,335) (737,100) 11,319,490 – 2,388,059 03/10/2007 to 02/10/201643,002,225 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 grantedby the Company or its subsidiaries as at the end of the financial year.144 Delivering Essential Solutions Sembcorp Industries Annual Report 2008 145