Page 42 - Icon Energy 2014 Annual Report

REMUNERATION REPORT - AUDITED
NOTES ON 2013 STI and LTI Performance Rights:
(i) The aggregate fair value of rights granted with effect from 4 March 2014 (at the date of their grant) was $474,612
of which $359,401 was expensed in the 2013/14 financial year, with the remainder lapsing. In accordance with the
requirements of the Australian Accounting Standards, remuneration includes the fair value of equity compensation
granted or outstanding during the year. The fair value of equity instruments granted during the reporting period
is determined as at the grant date and is progressively allocated over the vesting period. The amount included as
remuneration is not related to or indicative of the benefit (if any) that individuals may ultimately realise should the
rights vest. The value of the rights as at the grant date has been determined in accordance with AASB 2 Share Based
Table 5: Details of STI Performance Rights on Issue
Total
-
754,881
-
436,571
-
334,742
-
-
-
228,777
-
1,754,971
1,260,217
834,860
728,823
482,826
597,483
395,817
395,221
-
408,346
270,518
3,390,090
1,984,021
176,430
192,018
102,035
111,050
83,648
91,038
55,331
-
57,168
62,219
474,612
456,325
-
754,881
-
436,571
-
334,742
-
-
-
228,777
-
1,754,971
-
-
-
-
-
-
-
-
-
-
-
-
976,668
-
564,838
-
433,175
-
296,416
-
296,051
-
2,567,148
-
283,549
-
163,985
-
164,308
-
98,805
-
112,295
-
822,941
-
976,668
-
564,838
-
433,175
-
296,416
-
296,051
-
2,567,148
-
30-Jun-14
30-Jun-13
30-Jun-14
30-Jun-13
30-Jun-14
30-Jun-13
30-Jun-14
30-Jun-13
30-Jun-14
30-Jun-13
-
-
Name Rights on
issue at 30
June 2013
(number)
Issued
at grant
date
(number)
FairValue
at Grant
Date
$ (i)
Exercised
during
the year
(number)
Exercise
Price
$
Vested
during
the year
(number)
Lapsed
during
the year
(number)
Rights on
issue at 30
June 2014
(number)
DateRights
FirstVest
&CanBe
Exercised
Date of
Grant
Ray
James
Kevin
Jih
Ross
Mallett
Martin
Berry
Richard
Holliday
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
Table 6: Details of LTI Performance Rights on Issue
Total
-
1,192,658
-
689,751
-
565,452
-
-
-
257,636
-
2,705,497
1,800,310
-
1,041,175
-
853,547
-
410,604
-
388,901
-
4,494,537
-
147,625
226,605
85,376
131,053
69,991
107,436
33,670
-
31,890
48,951
368,552
514,045
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,800,310
1,192,658
1,041,175
689,751
853,547
565,452
410,604
-
388,901
257,636
4,494,537
2,705,497
30-Jun-16
30-Jun-15
30-Jun-16
30-Jun-15
30-Jun-16
30-Jun-15
30-Jun-16
30-Jun-16
30-Jun-15
-
-
Name Rights on
issue at 30
June 2013
(number)
Issued
at grant
date
(number)
FairValue
at Grant
Date
$ (i)
Exercised
during
the year
(number)
Exercise
Price
$
Vested
during
the year
(number)
Lapsed
during
the year
(number)
Rights on
issue at 30
June 2014
(number)
DateRights
FirstVest
&CanBe
Exercised
Date of
Grant
Ray
James
Kevin
Jih
Ross
Mallett
Martin
Berry
Richard
Holliday
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
14-Mar-14
14-Dec-12
42 ICON ENERGY LIMITED 2014 Annual Report ABN 61 058 454 569