0 million the following table summarizes information

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Unformatted text preview: nce share unit plan In 2009, the Company implemented a RPSU plan. The RPSUs are subject to certain vesting requirements and vest at the end of three years. The vesting requirements are based on certain criteria established by the Company. The following table summarizes information about the restricted performance share units outstanding at December 31, 2012 and 2011: Balance at January 1 Granted Reinvested Redeemed Forfeited Outstanding at end of period iv. Restricted performance share units 2012 Weighted average Number of units exercise price (000's) (CDN$/unit) 548 $ 17.38 770 10.75 17 13.26 (16) 22.65 (476) 14.12 843 $ 12.98 2011 Weighted average Number of units exercise price (000's) (CDN$/unit) 2 23 $ 19.94 3 94 16.07 4 1 7.51 (38) 18.31 (35) 17.87 5 48 $ 17.38 Deferred share unit plan The Company has a DSU plan for its outside directors which provides that each outside director receives, on the last date in each quarter that number of DSUs having a value equal to a minimum of 50% of the compensation of the outside director for the current quarter. Each outside director can elect to receive a greater percentage of their compensation in DSUs. The number of DSUs granted to an outside director is based on the closing price of the Company's common shares on the Toronto Stock Exchange on the last date of each quarter. At such time as an outside director ceases to be a director, the Company will make a cash payment to the outside director, equal to the market value of a Kinross common share on the date of departure, multiplied by the number of DSUs held on that date. Years ended December 31, 2 012 DSUs granted (000's) Weighted average grant-date fair value per unit (CDN$) 2011 158 $ 61 9 .39 $ 1 4.02 There were 450,445 DSUs outstanding, for which the Company had recognized a liability of $4.4 million, as at December 31, 2012 ($3.6 million at December 31, 2011). v. Employee share purchase plan The Company has an Employee Share Purchase Plan whereby certain employees of the Company have the opportunity to contribute up to a maximum of 10% of their annual base salary to purchase common shares. Since 2004, the Company makes a contribution which is equal to 50% of the employees' contribut...
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This document was uploaded on 03/30/2014.

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