Page 31 - Sun Resources 2014 Annual Report

Shares under option
Unissued ordinary shares of the Company under option at 30 June 2014 are as follows:
Date options granted Expiry date Exercise price of
options
Number under
options Vested
3 May 2013 3 May 2016 $0.076 15,000,000 15,000,000
3 May 2013 3 May 2016 $0.067 15,000,000 15,000,000
3 May 2013 3 May 2016 $0.057 15,000,000 15,000,000
12 September 2012 12 September 2015 $0.105 5,000,000 5,000,000
9 August 2012 8 August 2015 $0.094 1,000,000 1,000,000
16 November 2011 16 November 2014 $0.036 23,650,000 23,650,000
No option holder has any right under the options to participate in any other share issue of the Company or any other entity.
Date options granted Class E Performance Options
at 0.1c milestone expiring
Class F Performance Options
at 0.1c milestone expiring
31 August 2016 31 August 2016
21 March 2012 49,432,500 57,037,500
18 May 2012 4,823,000 5,565,000
12 September 2012 10,744,500 12,397,500
65,000,000 75,000,000
Indemnification of Officers
Insurance and indemnity arrangements established in the previous year concerning officers of the Company were retained
during the year ended 30 June 2014. The Company has paid insurance premiums in respect of Directors’ and officers’
liability and legal expenses’ insurance contracts, for current and former Directors and officers, including executive officers,
Directors and secretaries of the Company. The terms of the insurance policy contract do not allow disclosure of the
premium. The insurance premiums relate to:
(i) costs and expenses incurred by the relevant officers in defending proceedings, whether civil or criminal and whatever their
outcome;
(ii) other liabilities that may arise from their position, with the exception of conduct involving a wilful breach of duty or
improper use of information or position to gain a personal advantage.
Meetings of the Company’s Directors
The number of meetings of the Company’s Board of Directors and each board committee held during the year ended 30
June 2014 and the numbers of meetings attended by each Director were:
Full meetings
of Directors
Meetings of committees
Audit Remuneration
A B A B A B
Prof I R Plimer 8 8 - - - -
Hon A Downer 3 3 - - - -
Mr M A Battrick 2 2 - - - -
Dr G van Ek 10 10 3 3 - -
Mr J D Kenny 4 5 1 1 - -
Mr D Kestel 9 10 2 3 1 1
Dr W G Martinick 9 10 3 3 1 1
A Number of meetings attended
B Number of meetings held during the time the Director held office or was a member of the committee during the year
** Not a member of the relevant committee
In addition, a total of 11 circular resolutions were resolved during the financial year ended 30 June 2014.
Retirement, Election and Continuation in Office of Directors
The Directors retire by rotation in terms of the Constitution of the Company.
DIRECTORS’ REPORT
SUN RESOURCES ANNUAL REPORT 2014  29