McPHERSON’S LIMITED
ANNUAL REPORT 2015
33
The fair value at grant date was independently valued using the market price of the Company’s shares on grant date and the Company’s dividend
yield (both historic and future yield estimates) as key inputs.
Restriction on removing the at risk aspect of any instruments granted as part of remuneration
The Company’s Securities Trading Policy contains a restriction on removing the ‘at risk’ aspect of any instruments granted to executives as part of their
remuneration package. Plan participants may not enter into any transaction designed to remove any ‘at risk’ aspect before the instruments vest.
Performance rights and options held by key management personnel
NAME
BALANCE AT
START OF THE
YEAR
GRANTED AS
COMPENSATION
EXERCISED (OPTIONS)/
VESTED (RIGHTS)
CANCELLED
BALANCE AT THE
END OF THE YEAR
VESTED AND
EXERCISABLE
UNVESTED
P.J. Maguire
Options
Performance Rights
750,000
192,000
-
196,000
-
-
(750,000)
-
-
388,000
-
-
-
388,000
S.K.S. Chan
Performance Rights
51,000
-
-
-
51,000
-
51,000
C.J. Muir
Performance Rights
38,000
39,000
-
-
77,000
-
77,000
P. Witheridge
Performance Rights
46,000
47,000
-
-
93,000
-
93,000
Shares held by key management personnel
NAME
BALANCE AT THE
START OF THE YEAR
OTHER NON-REMUNERATION
CHANGES DURING THE YEAR
BALANCE AT THE
END OF THE YEAR
Directors of McPherson’s Limited
D.J. Allman
593,096
-
593,096
P.J. Maguire
1,250,143
183,000
1,433,143
J.P. Clifford
-
-
-
G.A. Cubbin
10,000
100,000
110,000
A.M. Lacaze
18,642
-
18,642
J.M. McKellar
-
-
-
Other key management personnel
S.K.S. Chan
-
-
-
G.P. Mitchell
-
-
-
C.J. Muir
-
-
-
P. Witheridge
21,000
57,000
78,000
None of the shares above are held nominally by the Directors or any of the other key management personnel.
Employee share schemes
The Company does not currently operate an employee share scheme.
Additional information
Loans to Directors and Executives
There were no loans made to Directors of McPherson’s Limited or to any key management personnel of the Group, including their personally-
related entities during the year, nor were there any loans outstanding at the end of the current or prior financial year.
Other transactions with Directors and Executives
During the year the Group sold minor quantities of its products for domestic use to key management personnel on terms and conditions no more
favourable than those adopted when dealing with other employees at arm’s length in the same circumstances.
There were no transactions between the Group and the Directors of McPherson’s Limited or with any other key management personnel of the
Group, including their personally-related entities, during the current or previous financial year other than those disclosed above, and relating to
remuneration and to transactions concerning options and shares.