Can these Options (approved for Jason at the Feb GM) be...

Can these Options (approved for Jason at the Feb GM) be handballed to straight to his wife so that it becomes an indirect interest? I guess they must be. Could not quite understand the "exceptions" in Section 10 of the ASX rules.

I like to see these employee incentives which can be coverted to shares held at least in the name of the director or his own superfund/family trust so that some direct link in the options/shares remain. If Jason's marriage breaks down in the next year or so (I hope it doesn't but always a chance)there won't be much incentive!

One might look at this as a positive though. Jason is so positive that there will be capital gains issues down the line that they are best held in the name of his wife as a way of minimising tax.

Also raises the query of disposal in the future. If the shares on conversion are issued in his wifes name can they be disposed of without notification? Probably not but how can Jason necessarily control what his wife does with her shares.