22 ANNUAL REPORT  2013 KATHMANDU Shares Issued to Directors and Other Key Management Personnel on Exercise of Options or Performance Rights: No shares were issued to Executive Directors or Other Key Management Personnel on exercise of options or Performance Rights  during FY2012. Performance rights granted to each Executive will, subject to satisfaction of performance conditions, vest on the basis of one  ordinary share for each performance right which vests, at the end of each performance period. 2013 Type Date granted Date Exercised Number of shares  Issued Exercise $ Executive Directors Peter Halkett Rights 29 Nov 2010 18 Dec 2012 25,686 - Mark Todd Rights 29 Nov 2010 18 Dec 2012 9,062 - Other Key Management  Personnel Michelle Adams Rights 29 Nov 2010 18 Dec 2012 2,667 - Tamalin Morton Rights 29 Nov 2010 18 Dec 2012 3,810 - Paul Stern Rights 29 Nov 2010 18 Dec 2012 3,810 - Caleb Nicolson Rights 29 Nov 2010 18 Dec 2012 2,589 - Grant Taylor Rights 29 Nov 2010 18 Dec 2012 2,330 - Total 49,954  -