[Financial and Operating Highlights]
[IPSCO Product At-a-Glance]
[Features]
[Letter to our Shareholders]
[Letter from our Chairman]
[Governance at IPSCO]
[Our Responsibilities]
[Financial and Operating Review]
[Shareholder and Corporate Information]
[Shaping Their Future]
[Form 10-K]
[Printed Version]
Form 10K - Note 16 page 1/1
Print Section (PDF)    backPrevious | Nextnext

16    Deferred Share Unit Plan

The Company has a deferred share unit plan into which directors must defer at least half of their annual retainer. Such deferrals are converted to deferred share units, each of which has a value equal to the value of one common share. On retirement from the Board, the director may receive payment of their deferred share units in cash, shares purchased on the open market or shares issued by the Company. The liability for deferred share units is included in other long-term liabilities.

Following is the continuity of deferred share units outstanding:

 

 

2006

 

2005

 

2004

 

 

 

Number

 

Amount

 

Number

 

Amount

 

Number

 

Amount

 

Balance at beginning of year

 

116,550

 

$

9,692

 

105,400

 

 

$

5,025

 

 

87,267

 

 

$

1,618

 

 

Granted

 

6,728

 

643

 

11,150

 

 

654

 

 

18,133

 

 

488

 

 

Revaluation

 

—

 

1,257

 

—

 

 

4,013

 

 

—

 

 

2,919

 

 

Balance at end of year

 

123,278

 

$

11,592

 

116,550

 

 

$

9,692

 

 

105,400

 

 

$

5,025

 

 







Print Section (PDF)    backPrevious | Top | Nextnext
This is an interactive electronic version of IPSCO's 2006 Annual Report, and it is intended to be complete and accurate. The contents of this version are qualified in their entirety by reference to the printed version. A reproduction of the printed version is available in PDF format on this Web site.