The following table summarises the movement of share options under the Gold Fields Limited 2005 Share Plan during the years ended 31 December 2017, 2016 and 2015:
2017 | 2016 | 2015 | ||||||||||||||||||||||
Share appreciation rights (SARS) |
Average instrument price (US$) |
Share appreciation rights (SARS) |
Average instrument price (US$) |
Share appreciation rights (SARS) |
Average instrument price (US$) |
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Outstanding at beginning of the year |
530,611 | 7.39 | 1,025,178 | 6.03 | 1,818,261 | 7.89 | ||||||||||||||||||
Movement during the year: |
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Forfeited |
(519,090 | ) | 7.75 | (494,567 | ) | 5.27 | (793,083 | ) | 7.34 | |||||||||||||||
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Outstanding at end of the year (vested) |
11,521 | 9.42 | 530,611 | 7.39 | 1,025,178 | 6.03 | ||||||||||||||||||
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2017 | 2016 | 2015 | ||||||||||||||
Performance shares (PS) |
Performance shares (PS) |
Performance shares (PS) |
Bonus shares (BS) |
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Outstanding at beginning of the year |
393,178 | 2,446,922 | 4,316,657 | 2,161,922 | ||||||||||||
Movement during the year: |
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Granted |
— | 393,178 | — | — | ||||||||||||
Exercised and released |
— | (2,428,904 | ) | (1,704,704 | ) | (2,094,343 | ) | |||||||||
Forfeited |
(393,178 | ) | (18,018 | ) | (165,031 | ) | (67,579 | ) | ||||||||
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Outstanding at end of the year |
— | 393,178 | 2,446,922 | — | ||||||||||||
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