Remuneration repor t (cont ’d) 7.6 Key management personnel deferred shares, options and performance rights holdings (including  movements during the 2012 year) Details on deferred ordinary shares in the Company that were granted as compensation to each key management person during the  reporting period and details on deferred shares that vested during the reporting period are as follows: (1) In July 2011, Mr Kelaher was awarded an STI amount of $612,000 for the 2010-11 financial year (2010: $594,000) of which one-third was settled in the form of deferred  shares (2010: 50%). The number of deferred shares issued was 31,694 which vested in July 2012 (2010: 48,238). (2) In June 2012, the Remuneration Committee assessed Mr Kelaher’s performance against key performance indicators for the 2011-12 financial year and determined an  STI amount of $626,400. In terms of his remuneration arrangements, the STI opportunity was settled two thirds by cash and one third in the form of deferred  shares. The number of deferred shares granted to Mr Kelaher was determined on the basis of the STI deferral amount divided by the  five day Volume Weighted Average Price up to and including 29 June 2012, which was $5.8038. The number of deferred shares to be  issued accordingly is 35,977 (capped at 75,000 annually) and there is no consideration payable for the grant of the deferred shares. Name Type of  instrument Balance as at 1 Jul 11  Granted as  compensation Vested and  transferred Forfeited/  lapsed Balance as at 30 Jun 12 Vested and  exercisable  at 30 Jun 12 Balance  as at date  of report  sign-off Key management personnel C Kelaher 2010 defd shares (1) 48,238   - (24,119)  - 24,119  -  - 2011 defd shares (1) 31,694   -  -  - 31,694   -  - 2012 defd shares (2)  - 35,977   -  - 35,977   - 35,977  2010 rights 150,000   -  -  - 150,000   - 150,000  2011 r ight s 150,000   -  -  - 150,000   - 150,000  2012 rights  - 150,000   -  - 150,000   - 150,000  2007 options 134,048   -  -  - 134,048  134,048 134,048  2010 options 316,624   -  -  - 316,624   - 316,624  2011 options 300,000   -  -  - 300,000   - 300,000  2012 options  - 300,000   -  - 300,000   - 300,000  S Abley 2009 rights 11, 557  -  -  - 11, 557  - 11, 557 2011 options 200,000   -  -  - 200,000   - 200,000  M Carter 2012 rights  - 45,000   -  - 45,000   - 45,000  2009 options 13,404   -  -  - 13,404  13,404  13,404  2010 options 100,000   -  -  - 100,000   - 100,000  2011 options 250,000   -  -  - 250,000   - 250,000  D Coulter 2012 rights  - 45,000   -  - 45,000   - 45,000  2010 options 100,000   -  -  - 100,000   - 100,000  2011 options 200,000   -  -  - 200,000   - 200,000  S Merlicek 2012 rights  - 45,000   -  - 45,000   - 45,000  2011 options 200,000   -  -  - 200,000   - 200,000  R Mota 2008 rights 30,496   - (30,496)  -  -  -  - 2009 rights 18,596   -  -  - 18,596   - 18,596  2012 rights  - 45,000   -  - 45,000   - 45,000  2011 options 200,000   -  -  - 200,000   - 200,000  G Riordan 2012 rights  - 45,000   -  - 45,000   - 45,000  2009 options 53,619   -  -  - 53,619  53,619  53,619  2010 options 100,000   -  -  - 100,000   - 100,000  2011 options 250,000   -  -  - 250,000   - 250,000  page 48