Page 146 - Paladin_Annual_Report_2011

Notes to the Consolidated Financial Statements

for the year ended 30 June 2011

Pal ad i n Energy LTD » Annual report 2011

144

NOTE 20. KEY MANAGEMENT PERSONNEL (continued)

(c) Option Holdings of Key Management Personnel (Consolidated and Parent Entity)

30 June 2011 01 Jul 10

Granted as remune-ration

Options exercised

Net change

other 30 Jun 11

Vested/ exercisable

Not vested/ not exercisable

Directors

Mr John Borshoff 2,750,000 - - (1,500,000) (2) 1,250,000 657,000 593,000

Executives

Ms Gillian Swaby 333,785 - - (75,000) (2) 258,785 136,018 122,767 Mr Wyatt Buck 351,533 - - (351,533) (1) - - - Mr Dustin Garrow 344,769 - - (78,570) (2) 266,199 139,915 126,284

Total 3,780,087 - - (2,005,103) 1,774,984 932,933 842,051

No other Key Management Personnel held options during the year ended 30 June 2011.

(1) Mr Wyatt Buck resigned on 6 May 2011. 105,926 options lapsed on 6 June 2011 and 95,607 were forfeited on 6 May 2011. 150,000 lapsed during the year as the vesting conditions were not met.

(2) Lapsed during the year as the vesting conditions were not met.

30 June 2010 01 Jul 09

Granted as remune-ration

Options exercised

Net change

other 30 Jun 10

Vested/ exercisable

Not vested/ not exercisable

Directors

Mr John Borshoff 2,750,000 - - - 2,750,000 - 2,750,000

Executives

Ms Gillian Swaby 333,785 - - - 333,785 - 333,785 Mr Wyatt Buck 351,533 - - - 351,533 - 351,533 Mr Dustin Garrow 344,769 - - - 344,769 - 344,769 Mr Simon Solomons 600,000 - - - 600,000 - 600,000

Total 4,380,087 - - - 4,380,087 - 4,380,087

No other Key Management Personnel held options during the year ended 30 June 2010.

(d) Share Rights Holdings of Key Management Personnel (Consolidated and Parent Entity)

30 June 2011 01 Jul 10

Granted as remuneration

Vested as

shares Forfeited 30 Jun 11

Directors

Mr John Borshoff 300,000 500,000 - - 800,000

Executives

Ms Gillian Swaby 180,000 385,000 (18,000) - 547,000 Mr Garry Korte 90,000 50,000 (9,000) - 131,000 Mr Dustin Garrow 200,000 80,000 (20,000) - 260,000 Mr Wyatt Buck 160,000 50,000 (16,000) (194,000) (1) -

Total 930,000 1,065,000 (63,000) (194,000) 1,738,000

No other Key Management Personnel held share rights during the year ended 30 June 2011.

(1) Mr Wyatt Buck resigned on 6 May 2011 and his outstanding share rights were forfeited.