41.3 DBSH Share Plan
Under the DBSH Share Plan the Share Plan, the Company’s ordinary shares may be granted to Group executives who hold
such rank as may be determined by the Committee appointed to administer the Share Plan from time to time. The awards
could be performance-based andor time-based. Where time-based awards are granted, they will only vest after
the satisfactory completion of time-based service conditions. Participants are awarded shares of the Company, their
equivalent cash value or a combination of both as part of their deferred bonus at the discretion of the Committee.
A time-based award comprises two elements, namely, the main award and the retention also known as “kicker” award. The
shares comprised in the retention award constitute twenty percent of the shares comprised in the main award. Effective
2010, the deferral period for unvested shares was extended from a 3-year period to a 4-year period showing a more
prudent risk management arrangement. Under the new vesting schedule, thirty-three percent of the shares comprised in the
main award will vest two years after the date of grant. A further thirty-three percent of the shares comprised in the main
award will vest three years after the date of grant. The remainder thirty-four percent of the shares comprised in the
main award, together with the shares comprised in the retention award, will vest four years after the date of grant. For
time-based awards, the fair value of the shares awarded are computed based on the market price of the ordinary shares at
the time of the award and is amortised through the income statement over the vesting period. At each balance sheet date,
the Group revises its estimates of the number of shares expected to vest based on non-market vesting conditions and
the corresponding adjustments are made to the income statement and Share Plan reserves.
The following table sets out the movement of the unissued ordinary shares of the Company under outstanding options, the weighted average exercise prices and expiration dates.
2011 2010
Unissued number of Weighted
Unissued number of Weighted
ordinary shares average
ordinary shares average
under outstanding exercise
under outstanding exercise
options price
options price
Balance at 1 January 11,417,819
12.58 14,920,398