22 annual report 2012  kathmandu 2011 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 29 Nov 2010 59,048 1 Dec 2012 1 Dec 2014 139,353 - Peter Halkett 29 Nov 2010 59,048 1 Dec 2013 1 Dec 2014 132,858 - Peter Halkett 29 Nov 2010 59,048 1 Dec 2014 1 Dec 2014 126,363 - Mark Todd 29 Nov 2010 20,833 1 Dec 2012 1 Dec 2014 49,166 - Mark Todd 29 Nov 2010 20,833 1 Dec 2013 1 Dec 2014 46,874 - Mark Todd 29 Nov 2010 20,833 1 Dec 2014 1 Dec 2014 44,583 - Other Key Management Personnel Michelle Adams 29 Nov 2010 6,131 1 Dec 2012 1 Dec 2014 14,469 - Michelle Adams 29 Nov 2010 6,131 1 Dec 2013 1 Dec 2014 13,795 - Michelle Adams 29 Nov 2010 6,131 1 Dec 2014 1 Dec 2014 13,120 - Tamalin Morton 29 Nov 2010 8,759 1 Dec 2012 1 Dec 2014 20,671 - Tamalin Morton 29 Nov 2010 8,759 1 Dec 2013 1 Dec 2014 19,708 - Tamalin Morton 29 Nov 2010 8,759 1 Dec 2014 1 Dec 2014 18,744 - Paul Stern 29 Nov 2010 8,759 1 Dec 2012 1 Dec 2014 20,671 - Paul Stern 29 Nov 2010 8,759 1 Dec 2013 1 Dec 2014 19,708 - Paul Stern 29 Nov 2010 8,759 1 Dec 2014 1 Dec 2014 18,744 - Caleb Nicolson 29 Nov 2010 5,952 1 Dec 2012 1 Dec 2014 14,047 - Caleb Nicolson 29 Nov 2010 5,952 1 Dec 2013 1 Dec 2014 13,392 - Caleb Nicolson 29 Nov 2010 5,952 1 Dec 2014 1 Dec 2014 12,737 - Grant Taylor 29 Nov 2010 5,357 1 Dec 2012 1 Dec 2014 12,643 - Grant Taylor 29 Nov 2010 5,357 1 Dec 2013 1 Dec 2014 12,053 - Grant Taylor 29 Nov 2010 5,357 1 Dec 2014 1 Dec 2014 11,464 - Total 344,517 775,163 - 1.  Matthew Spencer was General Manager, Retail until his resignation on 6 January 2012, consequently 29,775 rights granted to him under this plan have now lapsed. 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. testing for the vesting of options granted under the  Company employee option plan is 1 october in each year  (for one-third of the options granted). From 1 october 2010  onwards in the event that the initial tranche of options do  not vest on initial testing because the tSr performance  target for the tested period has not been met, the options  do not lapse. there is annual retesting against the 15%  compound tSr growth target on 1 october each year  through to 2013 for each tranche.  as noted above, for the current year no cash bonuses that  were available to be paid to key management personnel  based on achievement of financial performance targets and  individual KpI’s were paid as a result of the Company not  meeting those performance targets.  options and performance e – additional information cash bonuses and performance