Annual Report (shareholders), page-61

No bearing. That is just the share price as it was on close of market 30 June 2015, so implied value is rights * $3.56.

Whether KMP receive those rights depends on EPS CAGR and Total Shareholder Return using 1 July 2014 as the base year. They vest or lapse after three years depending on whether performance targets are achieved.

A good thing, it aligns part of KMP pay with striving to increase shareholder value.