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Message: Re: Why are there no insiders owning TRE? And could it be someone wants to acquire?

See hereunder. Most get paid in shares which they cannot sell for 1 to 3 years. no cash!

"Annual compensation for outside directors is $68,750 per year, plus $6,875 per year for serving on Committees, plus $3,437.50 per year for serving as Chair of a Committee. At the election of each individual director, up to one-third of the annual compensation may be received in cash, paid quarterly. The remainder of the director’s annual compensation (at least two-thirds, and up to 100%) will be awarded as RSUs, in accordance with the terms of the RSU Plan, and shall vest within a minimum of one (1) year and a maximum of three (3) years, at the election of the director, subject to the conditions of the RSU Plan with respect to earlier vesting."

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=7670438-2852-74141&SessionID=tg3HHSP2nUnFy47

Year up to august 2010:

Name

Date of Grant

No. of RSUs (1)

Cash Compensation Election

Vesting Period (2)

Expiration Date

Norman Betts

June 2, 2010

17,981

Nil

1 year

June 2, 2011

Anton Esterhuizen

June 2, 2010

17,200

Nil

1 year

June 2, 2011

William Harvey

June 2, 2010

17,200

Nil

1 year

June 2, 2011

Joseph Kahama

June 2, 2010

19,086

N/A

3 years

June 2, 2013

Marek Kreczmer (3)

June 2, 2010

11,295

$26,090

1 year

Expired

Regina Kuo-Lee

June 2, 2010

10,128

N/A

3 years

June 2, 2013

Rosalind Morrow

June 2, 2010

15,636

Nil

3 years

June 2, 2013

Ulrich Rath

June 2, 2010

17,200

Nil

1 year

June 2, 2011

Riaan Van der Westhuizen

June 2, 2010

10,661

N/A

3 years

June 2, 2013

Peter Zizhou

June 2, 2010

8,761

N/A

3 years

June 2, 2013

RSUs granted to directors and executive
officers as a group: 145,148

Year up to August 2009:

Name

Date of Grant

No. of Shares (1)

Cash Compensation Election

Vesting Period

Expiration Date

Norman Betts

May 27, 2009

15,381

$20,000

1 year

May 27, 2010

Anton Esterhuizen

May 27, 2009

16,569

$12,000

1 year

May 27, 2010

William Harvey

May 27, 2009

16,412

$12,604

1 year

May 27, 2010

Joseph Kahama

May 27, 2009

17,903

N/A

1 year

May 27, 2010

Marek Kreczmer (2)

May 27, 2009

13,795

$26,090

1 year

May 27, 2010

Ulrich Rath

May 27, 2009

13,129

28,208

1 year

May 27, 2010

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