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Abacus Property Group – Annual Financial Report 2017

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ABACUS PROPERTY GROUP<br />

DIRECTORS’ REPORT<br />

30 June <strong>2017</strong><br />

REMUNERATION REPORT (audited) (continued)<br />

Table 12: Securities acquired on exercise of options<br />

Securities<br />

acquired<br />

Paid per<br />

security<br />

No. $<br />

F Wolf 269,845 2.84<br />

R Baulderstone 70,158 2.84<br />

C Laird 79,682 2.84<br />

P Strain 73,675 2.84<br />

E Varejes 77,411 2.84<br />

The number of securities acquired is based on the SARs that vested in the year and the distributions that would<br />

have been paid on that number of securities from the grant date to the allocation date.<br />

Table 13: Movements in SARs holdings of key management personnel during the year<br />

Balance Granted as SARs Balance Vested<br />

1 July 2016 remuneration exercised 30 June <strong>2017</strong> 30 June <strong>2017</strong><br />

Director<br />

F Wolf 588,680 230,260 (235,316) 583,624 -<br />

Executives<br />

R Baulderstone 146,574 57,564 (60,858) 143,280 -<br />

C Laird 172,385 65,788 (69,400) 168,773 -<br />

P Strain 159,898 57,564 (64,189) 153,273 -<br />

E Varejes 153,601 46,052 (66,746) 132,907<br />

Total 1,221,138 457,228 (496,509) 1,181,857 -<br />

Table 14: Securityholdings of key management personnel<br />

Balance Vesting of Purchases/ Balance<br />

1 July 2016 SARs (sales) 30 June <strong>2017</strong><br />

DirecPors<br />

J Thame 84,590 - - 84,590<br />

F Wolf 3,336,537 269,845 - 3,606,382<br />

W Bartlett 33,125 - - 33,125<br />

a Irving 49,370 - 2,973 52,343<br />

ExecuPives<br />

R Baulderstone 121,044 70,158 - 191,202<br />

F Iaird 119,832 79,682 (34,000) 165,514<br />

P Strain 165,831 73,675 15,498 255,004<br />

ToPal 3,910,329 493,360 (15,529) 4,388,160<br />

All equity transactions with key management personnel other than those arising from the vesting of the security<br />

acquisition rights have been entered into under terms and conditions no more favourable than those the <strong>Group</strong><br />

would have adopted if dealing at arm’s length.<br />

Loans to key management personnel<br />

There were no loans to key management personnel and their related parties at any time in <strong>2017</strong> or in the prior<br />

year.<br />

30

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