kathmandu annual report 2012 21 no options in the Company were granted or vested in the  previous year. no grants have been made subsequent to  year end. period, with 50% of the value of rights allocated under  each target. For senior management vesting of the rights was  dependent firstly upon achievement of Company epS  targets for FY2011, and given those targets were achieved,  the rights granted vested on 31 July 2012 for personnel  that remained employed by the Company on that date. For each executive the number of rights granted and the  applicable performance period over which epS and relative  tSr is measured is set out below, along with the fair value  of the rights at the grant date. For executives vesting of the rights will be dependent upon  the Company achieving earnings per Share (epS) and / or relative tSr targets over a 2, 3 and 4 year performance  the Company long term incentive plan entitles the Board  to grant performance rights for no cash consideration, at  intervals determined by the Board. rights were offered in  2010 to all executives and senior management personnel  domiciled in australia and new Zealand.  long term incentive plan november 2010 2012 Grant Date Rights  Granted  during the  year Date  exercisable expiry Date Total fair value  of Performance  Rights at Grant  Date $ Performance Rights  granted in prior  periods vested  during the year executive Directors Peter Halkett 30 Nov 2011 46,498 1 Dec 2013 1 Dec 2015 86,487 - Peter Halkett 30 Nov 2011 46,497 1 Dec 2014 1 Dec 2015 84,160 - Peter Halkett 30 Nov 2011 46,497 1 Dec 2015 1 Dec 2015 81,137 - Mark Todd 30 Nov 2011 27,476 1 Dec 2013 1 Dec 2015 51,105 - Mark Todd 30 Nov 2011 27,476 1 Dec 2014 1 Dec 2015 49,732 - Mark Todd 30 Nov 2011 27,476 1 Dec 2015 1 Dec 2015 47,945 - Other Key Management Personnel Michelle Adams - - - - - - Tamalin Morton - - - - - - Paul Stern - - - - - - Caleb Nicolson - - - - - - Grant Taylor - - - - - - Matthew Watts - - - - - - Brandon Beveridge - - - - - - Total 221,920 400,566 -