Earned LTI Awards for 2014 
The Earned LTI Awards for 2014 were related to performance during the year ended 31 December 2013 and granted during 2014.   
Name 2013 Salary 
LTI Target  
(% of 
Salary) 
Percent of  
Target 
RSUs 
Earned 
# of RSUs 
granted  
in 2014 
 
 
Grant Date 
Grant Date 
Value of RSU 
Award 
E. McCrady $275,000 250% 86.7% 671,988 (1) 30/5/2014 $679,510 
C. Anderson $225,000 175% 86.7% 385,456 15/4/2014 $337,001 
G. Ford $230,000 175% 86.7% 394,473 15/4/2014 $344,885 
(1) LTI amount calculated based on a stock price at 15 April 2014 but grant date based on stock price at 30 May 2014, date of 
approval at Annual General Shareholders Meeting. 
 
We may amend, suspend or terminate the RSU Plan or any portion thereof at any time. Certain amendments to the RSU Plan may 
require approval of the holders of the RSUs who will be aff ected by the amendment.  In the event of a corporate take- over or 
change in control (as defined in the RSU Plan), our board in its discretion may cause all unvested RSUs to vest and be satisfied by 
the issue of one ordinary share each or provide for the ca ncellation of outstanding RSUs and a cash payment equal to the then -
fair market value of the RSUs. 
 
2015 RSU Plan 
Starting with the 2015 fiscal  year, the RSU Plan has been  amended for executives to reflect 50% time based vesting and 50% 
vesting based on total shareholder return (TSR) relative to our peer group over a three-year period.  The time-based vesting will 
vest 1/3 on each of the three anniversaries following the gr ant date subject to continued employment with Sundance.  TSR is 
calculated as the change in stock price plus dividends over the three year period. The stock price used to calculate the star ting 
stock price value will be the average price of Sundance’s stoc k for the 20 trading days before the first day of the measurement 
period.  The ending -period stock price will be the average price of Sundance’s stock for the last 20 trading days of the 
measurement period. 
The number of shares  that can be earned under TSR  performance ranges from 0% to 200% of the target share grant based on 
Sundance’s percentile rank among the peer set.  If Sundance’s TSR is negative for the three -year period, but the percentile rank 
is above median, the payout will be capped at the target payout.  If Sundance’s TSR is between any of the percentile ranks listed 
in the table below, the payout as a percent of target will be on a pro-rata basis. 
TSR Percentile Rank Payout % of Target 
90th and above 200% 
50th 100% 
30th  50% 
Below 30th  0% 
 
 
  
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