Nyrada Inc - Annual Report 2021

NYRADA INC (ASX:NYR) 56 17. Share-based payments During the period, Nyrada Inc agreed to grant the following share-based payments to its directors, and other executives and advisers. 2021 Expiry date Balance at start of the year Granted Exercised Expired/ Forfeited/ Other Balance at the end of the year Grant date 41,255,656 - 441,901 2,283,755 38,500,000 - 18/01/2021 15/02/2021 - 1,000,000 1,000,000 - - 18/01/2021 18/01/2024 - 600,000 - - 600,000 18/01/2021 18/01/2025 - 600,000 - - 600,000 18/01/2021 18/01/2026 - 600,000 - - 600,000 24/02/2021 3 years fromvesting date - 1,200,000 - - 1,200,000 29/06/2021 29/06/2026 - 8,000,000 - - 8,000,000 41,225,656 12,000,000 1,441,901 2,283,755 49,500,000 2020 Expiry date Balance at start of the year Granted Exercised Expired/ Forfeited/ Other Balance at the end of the year Grant date 15/02/2018 3 years from vesting date 440,000 - - 440,000 2 - 15/02/2018 15/02/2021 33,000 - - 33,000 2 - 1/05/2018 15/02/2021 22,000 - - 22,000 2 - 23/05/2018 15/02/2021 44,000 - - 44,000 2 - 23/05/2018 31/12/2019 22,000 22,000 2 - 23/05/2018 3 years from vesting date 22,000 - - 22,000 2 - 25/11/2019 30/06/2024 - 6,000,000 - - 6,000,000 25/11/2019 25/11/2022 2,000,000 2,000,000 25/11/2019 30/11/2020 - 1,725,656 - - 1,725,656 25/11/2019 5 years from vesting date - 18,000,000 2 - - 18,000,000 25/11/2019 25/11/2023 - 3,600,000 1, 2 - - 3,600,000 25/11/2019 25/11/2024 - 3,600,000 1, 2 - - 3,600,000 25/11/2019 25/11/2025 - 3,600,000 - - 3,600,000 25/11/2019 16/01/2023 - 800,000 - - 800,000 25/11/2019 3 years from vesting date - 600,000 2 - - 600,000 25/11/2019 3 years from vesting date - 300,000 - - 300,000 25/11/2019 15/02/2021 - 1,000,000 2 - - 1,000,000 583,000 41,225,656 - 583,000 41,225,656 1 Note 2 below also applies in respect of 600,000 options in each of these tranches. 2 On the date when the options were granted, the Company identified these as replacement options for cancelled options, which were granted during the 2018 financial year. Therefore, in accordance with AASB 2: Share-Based Payments the new options are treated as a modification of the original grant of options, whereby the incremental fair value of the new options granted is recognised over the vesting period of the new options. The incremental fair value is the difference between the fair value of the replacement options and the net fair value of the cancelled options, at the date of grant of the replacement options. The increment is recognised in addition to the amount based on the grant date fair value of the original cancelled options, which continue to be recognised over the remainder of the original vesting period.