Page 28 - Sun Resources 2014 Annual Report

2014
No share-based compensation was granted during the year ended 30 June 2014.
Name Date Granted No. Granted No. Vested Vesting % Expiry Date Exercise Price
per Option
Fair Value of
Options $ (i)
2013
Dr G van Ek 3 May 2013 10,000,000 10,000,000 100 3 May 2016 5.7 cents 143,608
Dr G van Ek (i) 3 May 2013 10,000,000 10,000,000 100 3 May 2016 6.7 cents 129,977
Dr G van Ek 3 May 2013 10,000,000 10,000,000 100 3 May 2016 7.6 cents 119,587
Mr M A Battrick 3 May 2013 5,000,000 5,000,000 100 3 May 2016 5.7 cents 71,804
Mr M A Battrick (i) 3 May 2013 5,000,000 5,000,000 100 3 May 2016 6.7 cents 64,988
Mr M A Battrick 3 May 2013 5,000,000 5,000,000 100 3 May 2016 7.6 cents 59,794
Mr D Kestel 12 September 2012 5,000,000 5,000,000 100 12 September 2015 10.5 cents 171,676
Mr S Bayford 8 August 2012 1,000,000 1,000,000 100 8 August 2015 9.4 cents 30,263
(i) Vesting date is 3 May 2014.
E Additional information (audited)
Share-based compensation: Options
Further details relating to options are set out below.
2014
There were no share-based compensation options for the year ended 30 June 2014.
A B C D
Name Remuneration consisting
of options
Value of options
granted
Value of options
exercised
Value of options
lapsed
$ $ $
2013
Dr G van Ek 79% 393,172 - -
Mr M A Battrick 31% 196,586 - -
Mr D Kestel 77% 171,676 - -
Mr S Bayford 9% 30,263 - -
A The percentage of the value of remuneration consisting of options, based on the value of options expensed during the
current year.
B The value at grant date calculated in accordance with AASB 2 Share-based payment of options granted during the year
as part of remuneration.
C The value at exercise date of options that were granted as part of remuneration and were exercised during the year,
being the intrinsic value of the options on that date.
D The value at lapse date of options that were granted as part of remuneration and that lapsed during the year. Lapsed
options refer to options that vested but expired unexercised.
DIRECTORS’ REPORT
26  SUN RESOURCES ANNUAL REPORT 2014