CSL Ltd Annual Report 2019

8.4.2 Non-Executive Director Shareholdings Details of shares held directly, indirectly or beneficially by each NED, including their related parties, is provided in Table 17. Any amounts are presented in US Dollars. Details of Rights held directly, indirectly or beneficially by each NED, including their related parties, is provided in Table 18. Following the vesting of awards, any trading undertaken by KMP was subject to the Group Securities Dealing Policy (outlined in section 9.4). Table 17: Non-Executive Director Shareholdings KMP Balance at 1 July 2018 Number of shares acquired on exercise of Rights during year Value of shares acquired on exercise of Rights during year Number of (Shares Sold) / Purchased Balance at 30 June 2019 Non-Executive Director B McNamee 177,604 421 56,531 24 178,049 B Brook 4,782 158 21,216 24 4,964 M Clark 2,314 105 14,099 244 2,663 A Hussain 17 – – 24 41 M McDonald 2,546 131 17,590 24 2,701 C O’Reilly 3,202 158 21,216 24 3,384 T Yamada 257 – – 26 283 Former Key Management Personnel D Anstice 60 13,530 – – 30 13,560 J Shine 61 9,644 – – 79 9,723 There have been no movements in shareholdings of NEDs between 30 June 2019 and the date of this Report. Table 18: Non-Executive Director Right Holdings KMP Instrument Balance at 1 July 2018 Number Granted 62 Face Value of Rights Granted 63 Fair Value of Rights Granted 64 Number Exercised Value of Rights Exercised 65 Number Lapsed Balance at 30 June 2019 Number Vested During Year Balance at 30 June 2019 Vested 66 Unvested Non-Executive Director B McNamee Right – 841 131,681 129,574 421 56,531 – 420 421 – 420 B Brook Right – 315 49,322 48,533 158 21,216 – 157 158 – 157 M Clark Right – 210 32,881 32,355 105 14,099 – 105 105 – 105 A Hussain Right – 210 32,881 32,355 – – – 210 105 105 105 M McDonald Right – 262 41,023 40,367 131 17,590 – 131 131 – 131 C O’Reilly Right – 315 49,322 48,533 158 21,216 – 157 158 – 157 T Yamada Right – 1,051 164,562 161,929 – – – 1,051 526 526 525 Former Key Management Personnel D Anstice 67 Right – 1,051 164,562 161,929 – – – 1,051 – – 1,051 J Shine 68 Right – 723 113,205 111,394 – – – 723 – – 723 60 The closing balance for D Anstice is 17 October 2018 being the date D Anstice ceased to be a KMP. 61 The closing balance for J Shine is 17 October 2018 being the date J Shine ceased to be a KMP. 62 The number of Rights granted is determined by dividing the NEDs elected percentage of pre-tax base fee (minimum 20%) by the five day volume weighted average price at which CSL shares were traded on the ASX ending on (and including) the last ASX trading day prior to the date of grant of the Rights being 22 August 2018 of A$216.28. The Rights were granted on 23 August 2019 in two tranches. Tranche one had a vesting date of 18 February 2019 and tranche two vests 19 August 2019. 63 The value at grant date has been determined by the share price at the close of business on the grant date of 23 August 2018 being A$218.10. The AUD value was converted to USD at an average exchange rate for the year of 1.39293. 64 The number of Rights is calculated based on an assessment of the fair market value of the instruments in accordance with the accounting standards (refer to Note 18 in the Financial Statements). The fair value of each Right granted on 23 August 2018 was Tranche 1: A$215.17 and Tranche 2: A$214.05. 65 The value at exercise date has been determined by the share price at the close of business on the exercise date. The AUD value was converted to USD at an average exchange rate for the year of 1.39293. Australian based NEDs have Rights exercised at the vesting date and a holding lock is placed on the shares for a period of three to fifteen years as elected by the NED. UK and US based NEDs hold vested but unexercisable Rights until the end of their nominated restriction period. 66 Vested awards are exercisable to the NED at the end of the nominated restriction period. All vested Rights are currently unexercisable. 67 The closing balance for D Anstice is 17 October 2018 being the date D Anstice ceased to be a KMP. 68 The closing balance for J Shine is 17 October 2018 being the date J Shine ceased to be a KMP. CSL Limited Annual Report 2019 86 Directors' Report