AGL Energy Limited Annual Report 2012 117 2011 Share performance rights Balance at 1 July 2010 Deposited (deducted)  during the year  (a) Notionally  granted during the year  Vested  during the  year Forfeited  during the  year Balance at  30 June  2011 Stephen Mikkelsen – TSR share bank account –  9,361  –  (3,744) –  5,617  – EBIT/Funds Employed share bank account –  3,397  –  (1,359) –  2,038  – Notional grant 20/6/11 –  –  24,692  –  –  24,692  – Notional grant 26/2/10 15,099  (15,099) –  –  –  –  – Old LTIP grant 27/10/08 14,000  –  –  –  –  14,000  – Old LTIP grant 11/1/08 19,647  –  –  (19,647) –  –  48,746  (2,341) 24,692  (24,750) –  46,347  Michael Moraza – TSR share bank account –  10,371  –  (4,148) –  6,223  – EBIT/Funds Employed share bank account –  3,764  –  (1,506) –  2,258  – Notional grant 20/6/11 –  –  20,577  –  –  20,577  – Notional grant 26/2/10 16,728  (16,728) –  –  –  –  – Old LTIP grant 27/10/08 7,639  –  –  –  –  7,639  – Old LTIP grant 11/1/08 5,294  –  –  (5,294) –  –  29,661  (2,593) 20,577  (10,948) –  36,697 Date granted Number of SPRs Performance period Vesting date Weighted  average fair value 20 June 2011 230,525  1 July 2010–30 June 2011 1 September 2011 $7.08 Shareholdings of key management personnel Details of movements during the financial year in the number of ordinary shares in the Parent Entity held directly, indirectly or beneficially,  by each key management person, including their related parties, are set out below: 2012  Ordinary shares Balance at 1 July  2011 AGL Share Purchase  Plan (a) Dividend Reinvestment  Plan (b) Received on vesting of  SPRs Net change other (c) Balance at 30 June  2012 Balance held  nominally Non-executive Directors Jeremy Maycock 55,625  352  –  –  9,313  65,290  –  Les Hosking 2,000  –  –  –  334  2,334  –  Belinda Hutchinson 6,540  –  –  –  1,090  7,630  –  Sandra McPhee 12,750  –  –  –  4,371  17,121  –  Max Ould 28,662  –  1,011  –  4,946  34,619  –  Bruce Phillips 29,000  –  –  –  4,834  33,834  –  John Stanhope –  –  69  –  3,373  3,442  –  Executive Directors Michael Fraser 519,865  –  –  125,506  25,896  671,267  –  Executives Anthony Fowler 3,079  –  –  5,530  1,435  10,044  –  Ken Hodgson 5,179  –  317  2,234  1,289  9,019  –  Paul McWilliams 11,033  –  –  3,571  2,434  17,038  –  Stephen Mikkelsen 32,990  –  –  15,967  (24,000) 24,957  –  Michael Moraza 23,920  –  –  9,975  5,650  39,545  – (a) After testing the SPRs notionally granted on 26 February 2010 against the relevant performance hurdle, the SPRs are deposited into (or deducted from) the relevant share bank account for  each participant. There were nil SPRs vested but not exercisable at 30 June 2011. Details of SPRs notionally granted to key management personnel during the 2011 financial year are as follows: (a) Shares acquired under the AGL Share Purchase Plan in lieu of remuneration non-executive Directors and executives would have received. Beneficial interest held subject to the conditions of the Plan. (b) Shares issued as a result of participation in the AGL Dividend Reinvestment Plan. (c) Includes shares purchased and disposed in the ordinary course of trading on the ASX, and shares acquired as a result of their take-up of the pro-rata entitlements under the rights issue in June 2012.