Notes to the Financial Statements 106 29. Key management personnel disclosures  continued Option holdings The number of options over ordinary shares in the Company held during the financial year by each Director of Kingsgate Consolidated Limited and each of  the specified executives of the Group, including their personally-related entities, are set out as follows: www.kingsgate.com.au Balance at start of year Granted /  (expired) during  the year Exercised  during the year Other changes during  the year Balance at year end Vested and  exercisable at year end 2013  Directors Ross Smyth-Kirk 400,000 (400,000) – – – – Peter McAleer 200,000 (200,000) – – – – Craig Carracher 100,000 (100,000) – – – – Peter Alexander – – – – – – Gavin Thomas – – – – – – Other Key Management Personnel Duane Woodbury 280,000 (280,000) – – – – Tim Benfield – – – – – – Phil MacIntyre – – – – – – Ron James 80,000 (80,000) – – – – Ross Coyle – – – – – – Joel Forwood – – – – – – Brett Dunstone  – – – – – – 2012 Directors Ross Smyth-Kirk 400,000 – – – 400,000 400,000 Peter McAleer 200,000 – – – 200,000 200,000 Craig Carracher 100,000 – – – 100,000 100,000 Peter Alexander – – – – – – Gavin Thomas – – – – – – Other Key Management Personnel Duane Woodbury 280,000 – – – 280,000 280,000 Tim Benfield – – – – – – Phil MacIntyre 50,000 – 50,000 – – – Ron James 80,000 – – – 80,000 80,000 Ross Coyle – – – – – – Joel Forwood – – – – – –