The Earned LTI Awards for 2014 were related to performance during the year ended 31 December 2013 and granted during 2014. We may amend, suspend or terminate the RSU Plan or any portion thereof at any time. Certain amendments to the RSU Plan may  require approval of the holders of the RSUs who will be affected by the amendment. In the event of a corporate take-over or  change in control (as defined in the RSU Plan), our board in its discretion may cause all unvested RSUs to vest and be satisfied by  the issue of one ordinary share each or provide for the cancellation of outstanding RSUs and a cash payment equal to the then- fair market value of the RSUs.  Starting with the 2015 fiscal year, the RSU Plan has been amended for executives to reflect 50% time based vesting and 50%  vesting based on total shareholder return (TSR) relative to our peer group over a three-year period. The time-based vesting will  vest 1/3 on each of the three anniversaries following the grant date subject to continued employment with Sundance. TSR is  calculated as the change in stock price plus dividends over the three year period. The stock price used to calculate the starting  stock price value will be the average price of Sundance’s stock for the 20 trading days before the first day of the measurement  period. The ending-period stock price will be the average price of Sundance’s stock for the last 20 trading days of the  measurement period.  The number of shares that can be earned under TSR performance ranges from 0% to 200% of the target share grant based on  Sundance’s percentile rank among the peer set. If Sundance’s TSR is negative for the three-year period, but the percentile rank  is above median, the payout will be capped at the target payout. If Sundance’s TSR is between any of the percentile ranks listed  in the table below, the payout as a percent of target will be on a pro-rata basis.  2015 RSU Plan  Earned LTI Awards for 2014  - 37 -  Name  2013 Salary  LTI Target (% of  Salary)  Percent of Target  RSUs  Earned  # of RSUs  granted in 2014  Grant Date  Grant Date  Value of RSU  Award  E. McCrady  $275,000  250%  86.7%  671,988 (1)  30/5/2014  $679,510  C. Anderson  $225,000  175%  86.7%  385,456  15/4/2014  $337,001  G. Ford  $230,000  394,473  $344,885  (1) LTI amount calculated based on a stock price at 15 April 2014 but grant date based on stock price at 30 May 2014, date of  approval at Annual General Shareholders Meeting.  TSR Percentile Rank  Payout % of Target  90 th  and above  200%  50 th 100%  30 th 50%  Below 30 th 0% 