Urbanise.com Annual Report 2019

29. Share-based payments (continued) Financial Year 2018 Grant Date Expiry Date Exercise Price Balance at beginning of year Granted during year Exercised during year Expired/ forfeited during year Balance at end of year Balance vested at end of year 9/08/12 (ii) 9/08/17 $0.20 2,000,000 – – (2,000,000) – – 5/10/12 (ii) 9/08/17 $0.20 1,400,000 – – (1,400,000) – – 30/06/13 (ii) 30/06/18 $0.20 3,000,000 – – (3,000,000) – – 11/12/13 31/12/18 $0.20 2,000,000 – – – 2,000,000 2,000,000 11/12/13 31/12/18 $0.24 2,000,000 – – – 2,000,000 2,000,000 11/12/13 31/12/18 $0.30 2,000,000 – – – 2,000,000 2,000,000 6/06/14 6/06/19 $0.20 3,000,000 – – – 3,000,000 2,300,000 4/08/14 4/08/19 $0.20 400,000 – – – 400,000 400,000 7/08/14 31/08/19 $0.19 5,426,405 – – – 5,426,405 5,426,405 10/12/14 17/12/19 $0.65 100,000 – – – 100,000 100,000 22/04/15 (ii) 6/02/23 $0.75 100,000 – – (100,000) – – 4/05/15 (ii) 15/11/22 $0.75 100,000 – – (100,000) – – 1/05/15 31/12/18 $1.00 200,000 – – – 200,000 200,000 15/12/15 (iii) 15/12/20 $0.69 162,500 – – (17,500) 145,000 48,333 29/04/16 28/04/21 $0.40 100,000 – – – 100,000 100,000 1/12/16 (iv) 30/11/17 $0.47 500,000 – – (500,000) – – 21/11/17 (i) 23/11/20 $0.18 – 250,000 – (250,000) – – 21/11/17 (i) 23/11/20 $0.23 – 300,000 – (300,000) – – Total 22,448,905 550,000 – (7,667,500) 15,371,405 14,574,738 (i) On 21 November 2017, a resolution was passed at the Annual General Meeting to issue 550,000 share options to Anthony Scotton with exercise prices of $0.175 on 250,000 options and $0.225 on the remaining 300,000 options. These options were forfeited due to resignation. (ii) 6,600,000 share options expired during the year 30 June 2018. (iii) 17,500 share options were forfeited during the year ended 30 June 2018 following employee departures. (iv) On 1 December 2016, 500,000 options were issued as part of the PICA arrangement with an expiry date of 12 months from grant date. The options lapsed on 23 November 2017. (v) No share options were excisable at 30 June 2018. Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 79