2.2.0.7 false AngloGold Limited Share Incentive Scheme and Plans 01190 - Disclosure - AngloGold Limited Share Incentive Scheme and Plans true false false false 1 USD false false Monetary Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 EarninsPerShareUSD Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 AngloGold Limited Share Incentive Scheme and Plans 0 us-gaap_ShareBasedCompensationAllocationAndClassificationInFinancialStatementsAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 AngloGold Limited Share Incentive Scheme and Plans 1 us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 Employee share incentive schemeAt a general meeting held on June 4, 1998, shareholders approved the introduction of the AngloGold Limited Share Incentive Scheme ("Share Incentive Scheme") for the purpose of providing an incentive to executive directors and senior employees of the Company and its subsidiaries to identify themselves more closely with the fortunes of the Company and also to promote the retention of such employees by giving them an opportunity to acquire shares in the Company. Employees participate in the scheme to the extent that they are granted options and accept them.At a general meeting held on April 30, 2002, it was approved that the rules of the Share Incentive Scheme be amended to provide for the exercise of options to be based on a condition, related to the performance of the Company, as determined by the directors and which will be objective and specified. An employee would only be able to exercise his options after the date upon which he has received written notification from the directors that the previously specified performance condition has been fulfilled or waived. The options granted prior to May 1, 2002 remained subject to the conditions under which they were granted. Although there are no automatically convertible unsecured debentures currently in issue under the rules of the Share Incentive Scheme, consequential amendments were approved to the rules of the scheme which effectively made the conversion of debentures subject to the same terms as the exercise of options.At December 31, 2009, the maximum number of ordinary shares that may be allocated for the purposes of the scheme is 9,961,618 (December 31, 2008: 9,720,794), equivalent to 2.75 percent of the total number of ordinary shares in issue at that date.At the annual general meeting held on April 29, 2005, shareholders approved the amendment to the maximum aggregate number of ordinary shares which may be acquired by any one participant in the scheme from 300,000 to 5 percent of the 2.75 percent attributable to all schemes and plans adopted by shareholders (or 0.1375 percent of the total number of ordinary shares in issue at any one time). At December 31, 2009 the maximum aggregate number of ordinary shares which may be acquired by any one participant in the scheme was 498,080 shares.Ordinary shares issued in terms of the Share Incentive Scheme shall, subject to the provisions of the Share Incentive Scheme, rank pari passu with issued shares in all respects, including participation in dividends.Non-executive directors are not eligible for participation in the Share Incentive Scheme.Total plan employee costsOn December 31, 2009, the Company has six stock-based compensation plans, which are described below. Total compensation cost charged against income for these plans was $41 million, $40 million and $33 million for 2009, 2008 and 2007, respectively.At the year end, the unallocated balance of shares subject to the Share Incentive Scheme amounts to 6,733,934 (2008: 6,278,998).OptionsAn option may only be granted to an employee to purchase a certain number of shares, specified by the directors, at the option price payable in accordance with the rules of the Share Incentive Scheme. The Share Incentive Scheme provides for the granting of options based on two separate criteria:<ul><li style="margin-left:64.35px;list-style:disc;">Time related options</li></ul>Time related options may be exercised over a five year period from date of grant, and may be exercised in tranches of 20 percent each in years 2, 3 and 4 and 40 percent in year five.No further options will be granted under this plan which will terminate on February 1, 2012, being the date on which the last options granted under this plan, may be exercised or will expire.Resulting from the rights offer made to ordinary shareholders, which was finalized during July 2008, additional options were awarded to existing option holders in terms of the anti-dilution provision of the original grant. As the employees did not receive any benefit in excess of the original grant value, no additional compensation cost was recognized. Approximately one option was awarded for every four held at an exercise price of R194.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 32px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="4" style="width: 635px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:635px;">A summary of time related options showing movement from the beginning of the year to the end of the year, is presented below:</td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td rowspan="5" style="width: 444px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:444px;"> </td><td style="width: 93px; text-align:left;border-color:#000000;min-width:93px;"> </td><td rowspan="5" style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;">2009</td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 93px; text-align:left;border-color:#000000;min-width:93px;"> </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">Weighted- </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">2009</td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">average </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">Options </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">exercise price </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:93px;">(000) </td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:93px;">R </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 444px; text-align:left;border-color:#000000;min-width:444px;">Outstanding at the beginning of the year</td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">116</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">140</td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 444px; text-align:left;border-color:#000000;min-width:444px;">Exercised</td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;"> (88)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;">138</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 444px; text-align:left;border-color:#000000;min-width:444px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;"> </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 444px; text-align:left;border-color:#000000;min-width:444px;">Outstanding at the end of the year</td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:93px;">28</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:93px;">146</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 444px; text-align:left;border-color:#000000;min-width:444px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;"> </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 444px; text-align:left;border-color:#000000;min-width:444px;">Exercisable at the end of the year</td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:93px;">28</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:93px;">146</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 444px; text-align:left;border-color:#000000;min-width:444px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;"> </td></tr><tr style="height: 48px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="4" style="width: 635px; text-align:left;border-color:#000000;min-width:635px;">The total intrinsic value of options outstanding at year-end was R5 million (2008: R13 million), with a weighted average remaining contractual term of 1.12 years (2008: 1.7 years). The intrinsic value of options exercised during the years ended December 31, 2009, 2008 and 2007 was R15 million, R15 million and R48 million, respectively.</td></tr><tr style="height: 48px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="4" style="width: 635px; text-align:left;border-color:#000000;min-width:635px;">During the year ended December 31, 2007 the Company recognized compensation expense related to time-based awards of less than $1 million. There was no income statement charge for the current year, as the total compensation cost was expensed up to date of vesting in 2007.</td></tr></table></div><ul><li style="margin-left:36px;list-style:disc;">Performance related options</li></ul>Performance related options granted vest in full, three years after date of grant, provided that the conditions on which the options were granted, namely related to the performance of the Company (growth in an adjusted earnings per share) as determined by the directors, are met. If the performance conditions are not met at the end of the first three year period, then performance is re-tested each year over the ten year life of the option on a rolling three year basis. Options are normally exercisable, subject to satisfaction of the performance conditions, between three and ten years from date of grant.The performance related options' compensation expense is fixed at grant date and recorded when it is probable that the performance criteria will be met.Resulting from the rights offer made to ordinary shareholders, which was finalized during July 2008, additional options were awarded to existing option holders in terms of the anti-dilution provision of the original grant. As the employees did not receive any benefit in excess of the original grant value, no additional compensation cost was recognized. Approximately one option was awarded for every four held at an exercise price of R194.No further performance related options will be granted and all options granted hereunder will terminate on November 1, 2014, being the date on which the last options granted under these criteria may be exercised or will expire.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 35px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="4" style="width: 633px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:633px;">A summary of performance related options showing movement from the beginning of the year to the end of the year, is presented below:</td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td rowspan="6" style="width: 450px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:450px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td rowspan="6" style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:89px;">2009</td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;">Weighted- </td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;">average </td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;">2009</td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;">exercise</td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;">Options</td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;">price </td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;">(000)</td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;">R </td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;">Outstanding at the beginning of the year</td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"> 1,390</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"> 239</td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;">Exercised</td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"> (726)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"> 237</td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;">Forfeited (terminations)</td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"> (24)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"> 246</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:89px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:89px;"> </td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;">Outstanding at the end of the year</td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"> 640</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"> 241</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:89px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:89px;"> </td></tr><tr style="height: 13px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 450px; text-align:left;border-color:#000000;min-width:450px;">Exercisable at the end of the year</td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"> 640</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"> 241</td></tr></table></div>The total intrinsic value of options outstanding at year-end was R42 million (2008: R18 million), with a weighted average remaining contractual term of 4 years (2008: 5 years). The intrinsic value of options exercised during the years ended December 31, 2009, 2008 and 2007 was R49 million, R3 million and R53 million, respectively.All options which have not been exercised within ten years from the date on which they were granted automatically expire.During the year ended December 31, 2007 the Company recognized $3 million compensation expense related to performance related awards. There was no income statement charge for the current year, as the total compensation cost was expensed up to date of vesting in 2007.During 2009, a total of 813,859 common shares were issued under the share incentive scheme in terms of time-based and performance awards.As of December 31, 2009, there was no unrecognized compensation cost related to unvested stock options.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="5" style="width: 635px; text-align:left;border-color:#000000;min-width:635px;">The weighted average of all options outstanding as at December 31, 2009, is as follows:</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; text-align:left;border-color:#000000;min-width:155px;"> </td><td style="width: 155px; text-align:left;border-color:#000000;min-width:155px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 154px; text-align:left;border-color:#000000;min-width:154px;"> </td><td style="width: 155px; text-align:left;border-color:#000000;min-width:155px;"> </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:155px;">Range of exercise prices R</td><td style="width: 155px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:155px;">Quantity of options within range (000)</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 154px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:154px;">Weighted average exercise price R</td><td style="width: 155px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:155px;">Weighted average contractual life Years</td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">95 – 143</td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">17</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 154px; text-align:right;border-color:#000000;min-width:154px;">122</td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">0.9</td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">144 – 211</td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">125</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 154px; text-align:right;border-color:#000000;min-width:154px;">193</td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">3.4</td></tr><tr style="height: 16px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">212 – 300</td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">526</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 154px; text-align:right;border-color:#000000;min-width:154px;">251</td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;">3.6</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:155px;"> </td><td style="width: 155px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:155px;">668</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> (1)</td><td style="width: 154px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:154px;">237</td><td style="width: 155px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:155px;">2.6</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; text-align:left;border-color:#000000;min-width:155px;"> </td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;"> </td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"> </td><td style="width: 154px; text-align:right;border-color:#000000;min-width:154px;"> </td><td style="width: 155px; text-align:right;border-color:#000000;min-width:155px;"> </td></tr><tr style="height: 16px"><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td colspan="5" style="width: 635px; text-align:left;border-color:#000000;min-width:635px;">(1)Represents a total of 28,252 time related options and 639,975 performance related options outstanding.</td></tr><tr style="height: 4px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 155px; text-align:left;border-color:#000000;min-width:155px;"> </td><td style="width: 155px; text-align:left;border-color:#000000;min-width:155px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 154px; text-align:left;border-color:#000000;min-width:154px;"> </td><td style="width: 155px; text-align:left;border-color:#000000;min-width:155px;"> </td></tr></table></div>No options expired during the year ended December 31, 2009.Since December 31, 2009 to and including March 31, 2010, 13,673 options (granted in respect of time and performance related options) have been exercised.Bonus Share Plan ("BSP") and Long-Term Incentive Plan ("LTIP")At the annual general meeting held on April 29, 2005, shareholders approved the introduction of the BSP and LTIP and the discontinuation of the previous share incentive scheme. Options granted under the previous share incentive scheme will remain subject to the conditions under which they were originally granted.Bonus Share Plan ("BSP")The BSP is intended to provide effective incentives to eligible employees. An eligible employee is one who devotes substantially the whole of his working time to the business of the Company, any subsidiary of the Company or a company under the control of AngloGold Ashanti. An award in terms of the BSP may be made at any date at the discretion of the board, the only vesting condition being three years' service for awards granted prior to 2008. For all BSP awards granted from 2008, 40 percent will vest after one year and the remaining 60 percent will vest after two years. An additional 20 percent of the original award will be granted to employees if the full award remains unexercised after three years. The board is required to determine a BSP award value and this will be converted to a share amount based on the closing price of the Company shares on the JSE on the last business day prior to the date of grant.During 2009 a total of 246,872 common shares were issued in terms of the BSP rules.During 2008, additional BSP awards were made to all scheme participants as a result of the rights offer to ordinary shareholders. The award was made in terms of the anti-dilution provision of the original grant. Employees did not receive any benefit in excess of the original grant value and no additional compensation cost was recognized.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="5" style="width: 633px; text-align:left;border-color:#000000;min-width:633px;">For awards made, the following information is presented:</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;"> </td><td style="width: 115px; text-align:left;border-color:#000000;min-width:115px;"> </td><td style="width: 120px; text-align:left;border-color:#000000;min-width:120px;"> </td><td style="width: 118px; text-align:left;border-color:#000000;min-width:118px;"> </td><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;"> </td></tr><tr style="height: 28px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;">Award date (unvested awards and awards vested during the year)</td><td style="width: 115px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;border-color:#000000;min-width:115px;">2009</td><td style="width: 120px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:120px;">2008</td><td style="width: 118px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:118px;">2007</td><td style="width: 87px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:87px;">2006</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;">Calculated fair value</td><td style="width: 115px; border-top-style:solid;border-top-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:115px;"> 293.99</td><td style="width: 120px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:120px;"> 267.05</td><td style="width: 118px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:118px;"> 322.00</td><td style="width: 87px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:87px;"> 308.00</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;">Vesting date (100%)</td><td style="width: 115px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:115px;">-</td><td style="width: 120px; text-align:right;border-color:#000000;min-width:120px;">-</td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;">January 1, 2010</td><td style="width: 87px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:87px;">March 8, 2009</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;">Vesting date (40%)</td><td style="width: 115px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:115px;">February 18, 2010</td><td style="width: 120px; text-align:right;border-color:#000000;min-width:120px;">January 1, 2009</td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;">-</td><td style="width: 87px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:87px;">-</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;">Vesting date (60%)</td><td style="width: 115px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:115px;">February 18, 2011</td><td style="width: 120px; text-align:right;border-color:#000000;min-width:120px;">January 1, 2010</td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;">-</td><td style="width: 87px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:87px;">-</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;">Vesting date (conditional 20%)</td><td style="width: 115px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:115px;">February 18, 2012</td><td style="width: 120px; text-align:right;border-color:#000000;min-width:120px;">January 1, 2011</td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;">-</td><td style="width: 87px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:87px;">-</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 193px; text-align:left;border-color:#000000;min-width:193px;">Expiry date</td><td style="width: 115px; border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:115px;">February 17, 2019</td><td style="width: 120px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:120px;">December 31, 2017</td><td style="width: 118px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:118px;">December 31, 2016</td><td style="width: 87px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:87px;">March 7, 2016</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 29px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="4" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">A summary of time related equity settled compensation scheme showing movement from the beginning of the year to the end of the year, is presented below:</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 87px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:87px;">2009</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;">Options</td></tr><tr style="height: 12px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:87px;">(000)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Outstanding at the beginning of the year</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> 945</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Granted</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> 667</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Exercised</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> (247)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Forfeited (terminations)</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> (69)</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Outstanding at the end of the year</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:87px;"> 1,296</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;">Exercisable at the end of the year</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:87px;"> 243</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;"> </td></tr><tr style="height: 63px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="4" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">The total intrinsic value of awards outstanding at year-end was R397 million (2008: R238 million), with a weighted average remaining contractual term of 7 years (2008: 8 years). The intrinsic value of awards exercised during the years ended December 31, 2009, 2008 and 2007 was R75 million, R28 million and R13 million, respectively. BSP awards are issued with no exercise price.</td></tr><tr style="height: 4px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 458px; text-align:left;border-color:#000000;min-width:458px;"> </td><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;"> </td></tr></table></div>Long-Term Incentive Plan ("LTIP")The LTIP is an equity settled share-based payment arrangement, intended to provide effective incentives for executives to earn shares in the Company based on the achievement of stretched Company performance conditions. Participation in the LTIP will be offered to executive directors, executive officers/management and selected members of senior management. An award in terms of the LTIP may be granted at any date during the year that the board of the Company determine and may even occur more than once a year. The board is required to determine an LTIP award value and this will be converted to a share amount based on the closing price of the Company shares on the JSE on the last business day prior to the date of grant.The main performance conditions in terms of the LTIP issued in 2006 and 2007 are:<ul><li style="margin-left:64.35px;list-style:disc;">up to 40 percent of an award will be determined by the performance of total shareholder returns compared with that of a group of comparative gold-producing companies;</li><li style="margin-left:64.35px;list-style:disc;">up to 30 percent of an award will be determined by an adjusted earnings per share compared to a planned adjusted earnings per share over the performance period;</li><li style="margin-left:64.35px;list-style:disc;">up to 30 percent of an award will be dependent on the achievement of strategic performance measures which will be set by the Remuneration Committee; and</li><li style="margin-left:64.35px;list-style:disc;">three year's service is required.</li></ul>The main performance conditions in terms of the LTIP issued in 2008 and 2009 are:<ul><li style="margin-left:64.35px;list-style:disc;">up to 30 percent of an award will be determined by the performance of total shareholder returns compared with that of a group of comparative gold-producing companies;</li><li style="margin-left:64.35px;list-style:disc;">up to 30 percent of an award will be determined by real growth (above US inflation) in adjusted earnings per share over the performance period;</li><li style="margin-left:64.35px;list-style:disc;">up to 40 percent of an award will be dependent on the achievement of strategic performance measures which will be set by the Remuneration Committee; and</li><li style="margin-left:64.35px;list-style:disc;">three-year's service is required.</li></ul>During 2008, additional LTIP awards were made to all scheme participants as a result of the rights offer to ordinary shareholders. The award was made in terms of the anti-dilution provision of the original grant. Employees did not receive any benefit in excess of the original grant value and no additional compensation cost was recognized.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="4" style="width: 513px; text-align:left;border-color:#000000;min-width:513px;">For awards made, the following information is presented:</td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td></tr><tr style="height: 7px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td></tr><tr style="height: 28px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;">Award date (unvested awards and awards vested during the year)</td><td style="width: 113px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;border-color:#000000;min-width:113px;">2009</td><td style="width: 117px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:117px;">2008</td><td style="width: 117px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:117px;">2007</td><td style="width: 113px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;border-color:#000000;min-width:113px;">2006</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;">Calculated fair value</td><td style="width: 113px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:113px;">293.99</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;">267.05</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;">322.00</td><td style="width: 113px; border-top-style:solid;border-top-width:1px;border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:113px;">327.00</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;">Vesting date</td><td style="width: 113px; border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:113px;">February 18, 2012</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;">January 1, 2011</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;">January 1, 2010</td><td style="width: 113px; border-right-style:solid;border-right-width:1px;text-align:right;border-color:#000000;min-width:113px;">August 1, 2009</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;">Expiry date</td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;border-left-style:solid;border-left-width:1px;text-align:right;border-color:#000000;min-width:113px;">February 17, 2019</td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:117px;">December 31, 2017</td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:117px;">December 31, 2016</td><td style="width: 113px; border-right-style:solid;border-right-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:113px;">July 31, 2016</td></tr><tr style="height: 16px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td></tr><tr style="height: 29px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="5" style="width: 626px; text-align:left;border-color:#000000;min-width:626px;">A summary of time related equity settled compensation scheme showing movement from the beginning of the year to the end of the year, is presented below:</td></tr><tr style="height: 7px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:113px;">2009</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;">Options</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:113px;">(000)</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="2" style="width: 279px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:279px;">Outstanding at the beginning of the year</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;">990</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="2" style="width: 279px; text-align:left;border-color:#000000;min-width:279px;">Granted</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;">535</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="2" style="width: 279px; text-align:left;border-color:#000000;min-width:279px;">Exercised</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;">(71)</td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="2" style="width: 279px; text-align:left;border-color:#000000;min-width:279px;">Forfeited (terminations)</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:113px;">(190)</td></tr><tr style="height: 7px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;"> </td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="2" style="width: 279px; text-align:left;border-color:#000000;min-width:279px;">Outstanding at the end of the year</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:113px;">1,264</td></tr><tr style="height: 7px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td style="width: 166px; text-align:left;border-color:#000000;min-width:166px;"> </td><td style="width: 113px; text-align:left;border-color:#000000;min-width:113px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; text-align:right;border-color:#000000;min-width:113px;"> </td></tr><tr style="height: 15px"><td style="width: 41px; text-align:left;border-color:#000000;min-width:41px;"> </td><td colspan="2" style="width: 279px; text-align:left;border-color:#000000;min-width:279px;">Exercisable at the end of the year</td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 117px; text-align:right;border-color:#000000;min-width:117px;"> </td><td style="width: 113px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:113px;">72</td></tr></table></div>The total intrinsic value of awards outstanding at year-end was R387 million (2008: R250 million), with a weighted average remaining contractual term of 7 years (2008: 8 years). The intrinsic value of awards exercised during the years ended December 31, 2009 and 2008 was R22 million and R11 million, respectively. No awards were exercised during 2007. LTIP awards are issued with no exercise price.During the years ended December 31, 2009, 2008 and 2007 the Company recognized a compensation expense of $27 million, $20 million and $12 million, respectively, related to BSP and LTIP awards.As of December 31, 2009, there was $18 million of unrecognized compensation cost related to unvested awards of the BSP and LTIP plans. This cost is expected to be recognized over a weighted-average period of approximately 2 years.Employee Share Ownership Plan ("ESOP")On December 12, 2006, AngloGold Ashanti announced the finalization of the Bokamoso Employee Share Ownership Plan (Bokamoso ESOP) for employees of the South African operations. The Bokamoso ESOP creates an opportunity for AngloGold Ashanti and the unions to ensure a closer alignment of the interest between South African based employees and the Company. Participation is restricted to those employees not eligible for participation in any other South African share incentive plan.In order to facilitate these transactions the Company established a trust to acquire and administer the ESOP shares. AngloGold Ashanti allotted and issued free ordinary shares to the trust and also created, allotted and issued E ordinary shares to the trust for the benefit of employees. The Company also undertook an empowerment transaction with a Black Economic Empowerment investment vehicle, Izingwe Holdings (Proprietary) Limited ("Izingwe") and recorded a cost of $19 million during 2006, which was included in general and administrative expenses. The Company also created, allotted and issued E ordinary shares to Izingwe. The key terms of the E ordinary share are:<ul><li style="margin-left:64.35px;list-style:disc;">AngloGold Ashanti will have the right to cancel the E ordinary shares, or a portion of them, in accordance with the ESOP and Izingwe cancellation formula, respectively;</li><li style="margin-left:64.35px;list-style:disc;">the E ordinary shares will not be listed;</li><li style="margin-left:64.35px;list-style:disc;">the E ordinary shares which are not cancelled will be converted into ordinary shares; and</li><li style="margin-left:64.35px;list-style:disc;">the E ordinary shares will each be entitled to receive a cash dividend equal to one-half of the dividend per ordinary share declared by the Company from time to time and a further one-half is included in the calculation of the strike price calculation.</li></ul>The award of free shares to employees:The fair value of each free share awarded in 2008 was R188 (2007: R306). The fair value is equal to the market value at the date-of-grant. Dividends declared and paid to the trust will accrue and be paid to ESOP members, pro rata to the number of shares allocated to them. An equal number of shares vests from 2009, and each subsequent year up to expiry date of November 1, 2013.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 29px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td colspan="4" style="width: 641px; text-align:left;border-color:#000000;min-width:641px;">A summary of time related equity settled compensation scheme showing movement from the beginning of the year to the end of the year, is presented below:</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:465px;"> </td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:110px;"> </td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:465px;"> </td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;">2009</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;"> </td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;">Options</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:465px;"> </td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:110px;">(000)</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;">Outstanding at the beginning of the year</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"> 856</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;">Granted</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"> 25</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;">Exercised</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"> (190)</td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;">Forfeited (terminations)</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:110px;"> (25)</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;"> </td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"> </td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;">Outstanding at the end of the year</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:110px;"> 666</td></tr><tr style="height: 7px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;"> </td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"> </td></tr><tr style="height: 15px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 465px; text-align:left;border-color:#000000;min-width:465px;">Exercisable at the end of the year</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:110px;"> -</td></tr></table></div>The total intrinsic value of awards outstanding at year-end was R204 million (2008: R216 million), with a weighted average remaining contractual term of 2 years (2008: 3 years). The intrinsic value of awards exercised during the years ended December 31, 2009, 2008 and 2007 was R58 million, R14 million and R14 million, respectively. The Company awarded the right to acquire approximately one AngloGold Ashanti ordinary share for every four free ordinary shares held in the rights offer finalized during July 2008. The benefit to employees was in terms of the anti-dilution provision of the original grant and no additional compensation cost was recognized.The award of E ordinary shares to the employees: The average fair value of the E ordinary shares awarded to employees in 2008 was R13 (2007: R79) per share. Dividends declared in respect of the E ordinary shares will firstly be allocated to cover administration expenses of the trust, whereafter it will accrue and be paid to ESOP members, pro rata to the number of shares allocated to them. At each anniversary over a five year period commencing on the third anniversary of the original 2006 award, the Company will cancel the relevant number of E ordinary shares as stipulated by a cancellation formula. Any E ordinary shares remaining in the tranche will be converted to ordinary shares for the benefit of the employees. All unexercised awards will be cancelled on May 1, 2014.The value of each share granted is estimated on the date of grant using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model requires the input of subjective assumptions, including the expected term of the option award and stock price volatility. These estimates involve inherent uncertainties and the application of management judgment. In addition, the Company is required to estimate the expected forfeiture rate and only recognize expense for those options expected to vest. As a result, if other assumptions had been used, the Company's recorded compensation expense could have been different from that reported. <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="4" style="width: 480px; text-align:left;border-color:#000000;min-width:480px;">The Black-Scholes option-pricing model used the following assumptions, at grant date:</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 375px; text-align:left;border-color:#000000;min-width:375px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 375px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:375px;"> </td><td style="width: 26px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:26px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">2008</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">2007</td><td style="width: 4px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:4px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">2006</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Risk-free interest rate</td><td style="width: 26px; text-align:right;border-color:#000000;min-width:26px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">7.00%</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">7.00%</td><td style="width: 4px; text-align:right;border-color:#000000;min-width:4px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">7.00%</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 375px; text-align:left;border-color:#000000;min-width:375px;">Dividend yield</td><td style="width: 26px; text-align:right;border-color:#000000;min-width:26px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">1.39%</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">2.06%</td><td style="width: 4px; text-align:right;border-color:#000000;min-width:4px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">2.30%</td></tr><tr style="height: 13px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 375px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:375px;">Volatility factor of market share price</td><td style="width: 26px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:26px;"> </td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">35.00%</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">33.00%</td><td style="width: 4px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:4px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">36.00%</td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 29px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="6" style="width: 639px; text-align:left;border-color:#000000;min-width:639px;">A summary of E ordinary shares, awarded to employees, showing movement from the beginning of the year to the end of the year, is presented below:</td></tr><tr style="height: 7px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:left;border-color:#000000;min-width:92px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 21px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:92px;">2009</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;">Weighted-</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;">2009</td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;">average</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;">Options</td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;">exercise price</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;">(000)</td><td style="width: 21px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;">R</td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;">Outstanding at the beginning of the year</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"> 2,567</td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 327</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;">Granted</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"> 75</td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 342</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;">Converted</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"> (34)</td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 333</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;">Forfeited (terminations)</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"> (75)</td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> 335</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;">Cancelled</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"> (138)</td><td style="width: 21px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> 337</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 7px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;">Outstanding at the end of the year</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"> 2,395</td><td style="width: 21px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> 347</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 7px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"> </td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; text-align:right;border-color:#000000;min-width:92px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr><tr style="height: 13px"><td style="width: 6px; text-align:left;border-color:#000000;min-width:6px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;">Exercisable at the end of the year</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"> -</td><td style="width: 21px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 92px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:92px;"> -</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td></tr></table></div>The options outstanding at year-end had no intrinsic value as the share price at year-end of R306 was lower than the weighted average exercise price of R347 (2008: total intrinsic value of awards outstanding totaled Rnil million). The options have a weighted average remaining contractual term of 2 years (2008: 3 years). The intrinsic value of options exercised during the years ended December 31, 2009, 2008 and 2007 was less than R1 million per year. Weighted average exercise price is calculated as the initial grant price of R288 plus interest factor less dividend apportionment. This value will change on a monthly basis.During the years ended December 31, 2009, 2008 and 2007, the Company recognized a compensation expense of $12 million, $14 million and $18 million, respectively, related to the ESOP scheme.In addition to the above share scheme expenses relating to the Bokamoso ESOP plan, the Company awarded the right to acquire approximately one AngloGold Ashanti ordinary share for every four E ordinary shares held in the rights offer finalized during July 2008. The benefit to employees was in excess of the anti-dilution provision of the original grant and additional compensation cost was recognized. The fair value at grant date of these rights awarded to Bokamoso was calculated at R76 per right. The income statement charge relating to the rights offer to Bokamoso participants was $6 million in 2008. As the rights were issued as fully vested, the expense was recorded immediately.As of December 31, 2009, there was $16 million of unrecognized compensation cost related to unvested awards of the ESOP scheme. This cost is expected to be recognized over the remaining scheme term of 4 years.Cash Settled Share Incentive SchemeGhana Employee Share Ownership Plan ("Ghana ESOP")A memorandum of understanding was signed with the Ghanaian employees on April 28, 2009 to introduce the Ghana ESOP under defined rules.In terms of the rules of the scheme, every eligible employee is entitled to 20 AngloGold Ashanti Limited share appreciation rights ("phantom shares"), which will be paid out in four equal tranches, commencing May 2009 and ending in May 2012.The value of the rights are equal to the value of AngloGold Ashanti Limited American Depositary receipts ("ADR's") as listed on the New York Stock Exchange, converted into Ghanaian Cedis at the prevailing US dollar exchange rate.The share price on the day of issue as of April 29, 2009 was $32.15, whilst the share price used in the payment of the first tranche was $28.46 per share.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;">The award of share appreciation rights to employees</td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="5" style="width: 637px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:637px;">A summary of share appreciation rights showing movement from the beginning of the year to the end of the year, is presented below:</td></tr><tr style="height: 32px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:405px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:67px;">Number of Rights</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;">Outstanding at beginning of the year</td><td style="width: 27px; text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;">-</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;">Granted</td><td style="width: 27px; text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;"> 100,860</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;">Exercised</td><td style="width: 27px; text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;"> (25,290)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;">Forfeited (terminations)</td><td style="width: 27px; text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;"> (455)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;">Rights outstanding at the end of the year</td><td style="width: 27px; text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:67px;"> 75,115</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;">Rights exercisable at the end of the year</td><td style="width: 27px; text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:67px;">-</td></tr><tr style="height: 6px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 405px; text-align:left;border-color:#000000;min-width:405px;"> </td><td style="width: 27px; text-align:right;border-color:#000000;min-width:27px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 69px; text-align:left;border-color:#000000;min-width:69px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 33px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="5" style="width: 637px; text-align:left;border-color:#000000;min-width:637px;">The income statement charge for the current year was $2 million. The liability recognized in the consolidated balance sheet in respect of unexercised rights was $1 million.</td></tr></table></div> Employee share incentive schemeAt a general meeting held on June 4, 1998, shareholders approved the introduction of the AngloGold Limited Share Incentive false false false us-types:textBlockItemType textblock Disclosure that sets forth the allocation of share-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64 -Subparagraph b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph g(1) Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F false 1 2 false UnKnown UnKnown UnKnown false true