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Whitehaven Coal Limited : Annual Report 2012
Whitehaven Coal Limited -- Annual Report 2012 55 Executive Remuneration component Received under standard remuneration arrangements Received as a result of Merger or one-off payment Total actually received for FY2012 Tony Haggarty STI $147,163* $125,000** $272,163 LTI -- -- -- Retention bonus -- -- -- Andy Plummer STI $82,798* $71,417** $154,215 LTI -- -- -- Retention bonus -- -- -- Allan Davies STI $165,211* $80,342** $245,553 LTI -- -- -- Retention bonus -- $450,000 $450,000 Austen Perrin STI $85,064* $201,604** $286,668 LTI $263,500*** $144,215**** $407,715 Retention bonus -- $411,322 $411,322 Timothy Burt STI $55,825* $143,125** $198,950 LTI $173,494*** $98,621**** $272,115 Retention bonus -- $261,325 $261,325 Tony Galligan STI $76,332* $65,842** $142,174 LTI $202,391*** $106,621**** $309,012 Retention bonus -- $368,754 $368,754 * The STI amount received under standard remuneration arrangements represents the FY2011 STI award which was determined based on performance to 30 June 2011 and which was paid in line with the original terms of the STI plan in August 2011. ** The STI amount received as a result of the Merger or as a one-off payment represents the FY2012 STI award, which would ordinarily have been tested based on performance to 30 June 2012 and paid in August 2012, but which was accelerated to a vesting date of 30 April 2012 and paid on 15 May 2012 as a result of the Merger. *** The LTI amount received under standard remuneration arrangements represents the accounting value of the FY2012 and prior year LTI grants which would have accrued during FY2012 based on the expected vesting dates. ****The LTI amount received as a result of the Merger or as a one-off payment represents the balance of the accounting value of the FY2012 and prior year LTI grants which vested in full as a result of the Merger, resulting in the full accounting value being recognised and disclosed in FY2012. 7.4.4 Equity instruments granted as remuneration SARs granted to senior executives Details of SARs over ordinary shares in the Company that were granted to senior executives during FY2012 are set out in the table below. The grants to senior executives constituted their full LTI entitlement for FY2012 and were made on the terms summarised above. All SARs vested in full following the change of control in the Company and subsequent approval of the Merger. Upon vesting, senior executives were allocated one fully paid ordinary share in the Company for each SAR that vested.
Annual Report 2011
Annual Report 2013