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DIRECTORS’ REPORT
86 Independence Group NL
Directors' report
30 June 2015
Remuneration report (continued)
(h) Additional statutory information (continued)
(ii) Performance based remuneration granted and forfeited during the year (continued)
Date of grant
Number of
share rights
granted
Fair value of
share right at
grant date
Fair value of
share rights at
grant date Vesting date
Unamortised total
value of grant yet
to vest
$
$
$
Peter Bradford
20/11/2014
175,365
2.84
497,295 01/07/2017
331,984
Matt Dusci
09/01/2015
50,154
2.55
127,868 01/07/2017
100,399
Brett Hartmann
09/01/2015
58,513
2.55
127,868 01/07/2017
117,132
28/02/2014
71,421
2.14
152,537 01/07/2016
60,486
28/02/2013
67,324
2.06
138,643 01/07/2015
-
13/03/2012
58,318
1.69
98,848 01/07/2014
-
Sam Retallack
09/01/2015
10,473
2.55
26,702 01/07/2017
17,826
28/02/2014
16,347
3.45
56,446 01/07/2015
-
28/02/2013
8,656
3.61
31,235 01/07/2014
-
Scott Steinkrug
09/01/2015
50,154
2.55
127,868 01/07/2017
100,399
28/02/2014
66,272
2.14
141,542 01/07/2016
56,126
28/02/2013
62,461
2.06
128,626 01/07/2015
-
13/03/2012
54,106
1.69
91,708 01/07/2014
-
Tony Walsh
09/01/2015
50,154
2.55
127,868 01/07/2017
100,399
28/02/2014
66,596
2.14
142,233 01/07/2016
56,401
1. The value at grant date for share rights granted during the year as part of remuneration is calculated in accordance with AASB 2
Share-based Payment
. Refer to note 31 for details of the valuation techniques used for the PRP.
2. Unamortised total value of grant yet to vest comprises the total fair value of the award at the date of grant less amounts expensed to
date.
3. Share rights only vest if performance targets are achieved.
The number and percentage of share rights that vested in the financial year and the number and percentage of share
rights that were forfeited during the financial year are set out below.
Date of grant Vesting date
Share
rights
granted
Vested during the
year
Value of
share
rights at
vesting
date
Share rights
forfeited during
the year
Value of
share
rights
forfeited
Number % Number
$ % Number
$
Peter Bradford
20/11/2014 01/07/2017 175,365 -
-
- -
-
-
Matt Dusci
09/01/2015 01/07/2017
50,154 -
-
- -
-
-
Brett Hartmann
09/01/2015 01/07/2017
58,513 -
-
- -
-
-
28/02/2014 01/07/2016
71,421 -
-
- -
-
-
28/02/2013 01/07/2015
67,324 -
-
- -
-
-
13/03/2012 01/07/2014
58,318 75
43,738 191,572 25 14,580 63,860
Sam Retallack
09/01/2015 01/07/2017
10,473 -
-
- -
-
-
28/02/2014 01/07/2015
16,347 -
-
- -
-
-
28/02/2013 01/07/2014
8,656 86
7,443 32,600 14
1,213 5,313
Scott Steinkrug
09/01/2015 01/07/2017
50,154 -
-
- -
-
-
28/02/2014 01/07/2016
66,272 -
-
- -
-
-
28/02/2013 01/07/2015
62,461 -
-
- -
-
-
13/03/2012 01/07/2014
54,106 75
40,579 177,736 25 13,527 59,248
Tony Walsh
09/01/2015 01/07/2017
50,154 -
-
- -
-
-
28/02/2014 01/07/2016
66,596 -
-
- -
-
-
Independence Group NL
21