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04
Transparency and accountability
Remuneration
report
Remuneration
structure
– continued
Vesting of 2013 forfeitable shares
In accordance with theTelkomFSP, the following shares vested in 2016 based on the achievement of the following
performance vesting condition:
> Additional shares award (ASA) for exco members
100 percent if a share price of R50 is achieved after the three-year performance period – the full award vested
based on the actual achievement of the performance condition:
> LTI Plan (M0 to M3 level management employees):
50 percent of the shares vested in 2016 subject to the extent that the TSR was met over the three-year performance
period:
NPS target was not met and therefore, 0 percent of the ESOP shares vested.
A total of 796 224 forfeitable shares vested (excluding shares that vested to good leavers) on 6 June 2016 at a
share price of R59.63
> ASA – 133 341 shares
> LTI Plan – 637 811 shares
> ESOP – 0 shares
> Performance shares – 25 072 shares
The full 50 percent forfeitable shares vested for qualifying employees.
> ESOP (M4 – A level employees):
100 percent of forfeitable shares will vest in year three based on achievements of NPS - customer index
Vesting of 2013 forfeitable shares – Performance conditions achieved
ASA award price
ASA target price
Share price as at 31 March 2016
R23.80
R50.00
R57.57
Year
TSR target
TSR achievement
Percent achieved
March 2014
RFR (6 percent) +6 percent
on a share price of R27.30
(19/11/2013)
R33.65
23%
March 2015
RFR (6 percent) +6 percent
on a share price of R27.30
(19/11/2013)
R80.00
193%
March 2016
RFR (6 percent) +6 percent
on a share price of R27.30
(19/11/2013)
R57.57 + R2.45 dividend
declaration
120%
Segment: NPS
Actual 2013/14 Actual 2014/15 Actual 2015/16 Target 2015/16 Target achieved
TotalTelkomcomposite
score
9
5.7
3.8
6.6
No