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## 7.7 Short Term Incentive (STI) and Long Term Incentive (LTI) equity allocations 

The following table sets out the STI and LTI equity allocation awarded or forfeited in respect of the financial year. 

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There were no LTI schemes that vested during the period for which performance hurdles were required to be tested. 

## 7.8 Equity Vested/Exercised/Lapsed during 2012 

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The deferred shares and performance rights above were exercised during the period therefore no deferred shares or performance rights remain exercisable as at 30 Jun 12. 

(1) The value of deferred shares, options or performance rights is based on the closing share price on the ASX on the date of vesting, lapsing or exercising, multiplied by the number of deferred shares/options/performance rights. The value of options is based on the difference between the closing share price and the exercise price, multiplied by the number of options. 

