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NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
246
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
11.
EQUITY COMPENSATION BENEFIT (continued)
Forfeitable shares (continued)
Movements in the number of forfeitable shares outstanding during the year are as follows:
Grant
date
Vesting
date
Number
shares
Fair value
of grant
R’000
At 31 May 2012
5 411 291
26 612
Second award
1 391 009
8 137
Third award
1 920 023
9 024
Fourth award
2 100 259
9 451
Granted during the year
1 451 573
9 740
Fifth award
3 September 2012 31 August 2015
1 451 573
9 740
Shares forfeited during the
year
(251 503)
(1 353)
Second award
(158 978)
(930)
Third award
(31 856)
(150)
Fourth award
(60 669)
(273)
Shares vested during the
year
(1 232 031)
(7 207)
Second award
1 September 2012
(1 232 031)
(7 207)
At 31 May 2013
5 379 330
27 792
Third award
1 888 167
8 874
Fourth award
2 039 590
9 178
Fifth award
1 451 573
9 740
Granted during the year
1 140 180
9 977
Sixth award
2 September 2013 31 August 2016
1 140 180
9 977
Shares forfeited during
the year
(461 206)
(2 449)
Third award
(70 875)
(333)
Fourth award
(227 595)
(1 024)
Fifth award
(162 737)
(1 092)
Shares vested during the
year
(1 817 292)
(8 541)
Third award
31 August 2013 (1 817 292)
(8 541)
At 31 May 2014
4 241 011
26 779
Fourth award
1 811 995
8 154
Fifth award
1 288 836
8 648
Sixth award
1 140 180
9 977