Directors’  Report 2011 56 Details of Share Performance Rights granted to Key Management Personnel as part of remuneration for the year ended  30 June 2011  (a) Fair value of SPRs granted is determined using the Black-Scholes and Monte Carlo simulation methods. (b) SPRs will vest at no cost to the recipient providing performance conditions are satisfi ed. Balance at  1 July 2010 Adjustment to  SPRs awarded SPRs notionally  granted during  the year Grant date Fair value  per SPR at  grant date (a) Lapsed/  forfeited Vested Balance at 30 June 2011 (b) Jeff Dimery 12,188   –   –  11-Jan-08 9.16  –  (12,188)  –  Jeff Dimery 18,056   –   –  27-Oct-08 10.30 (18,056)  –   –  Jeff D imery 20,364  (3,157)  – 26-Feb-10 12.09 (10,324) (6,883)  – Anthony Fowler 2,111   –   –  11-Jan-08 9.16  –  (2,111)  –  Anthony Fowler 5,209   –   –  27-Oct-08 10.30  –   –  5,209  Anthony Fowler 2,864  (444)  –  26-Feb-10 12.09  –  (968) 1,452  Anthony Fowler  –   –  16,461  20-Jun-11 7.08  –   –  16,461  Michael Fraser 103,915   –   –  25-Feb-08 7.66  –  (103,915)  –  Michael Fraser 107,639   –   –  27-Oct-08 10.30  –   –  107,639  Michael Fraser 134,546  (20,855)  –  26-Feb-10 12.09  –  (45,476) 68,215  Michael Fraser  –   –  137,175  20-Jun-11 7.08  –   –  137,175  Ken Hodgson 15,011  (2,327)  –  26-Feb-10 12.09  –  (5,074) 7,610  Ken Hodgson  –   –  24,075  20-Jun-11 7.08  –   –  24,075  Paul McWilliams 6,140   –   –  11-Jan-08 9.16  –  (6,140)  –  Paul McWilliams 3,132   –   –  27-Oct-08 10.30  –   –  3,132  Paul McWilliams 3,379  (525)  –  26-Feb-10 12.09  –  (1,142) 1,712  Paul McWilliams  –   –  7,545  20-Jun-11 7.08  –   –  7,545  Stephen Mikkelsen 19,647   –   –  11-Jan-08 9.16  –  (19,647)  –  Stephen Mikkelsen 14,000   –   –  27-Oct-08 10.30  –   –  14,000  Stephen Mikkelsen 15,099  (2,341)  –  26-Feb-10 12.09 – (5,103) 7,655  Stephen Mikkelsen  –   –  24,692  20-Jun-11 7.08  –   –  24,692  Michael Moraza 5,294   –   –  11-Jan-08 9.16  –  (5,294)  –  Michael Moraza 7,639   –   –  27-Oct-08 10.30  –   –  7,639  Michael Moraza 16,728  (2,593)  –  26-Feb-10 12.09  –  (5,654) 8,481  Michael Moraza  –   –  20,577  20-Jun-11 7.08  –   –  20,577 