One third of the options, worth a total $9.7m, will vest on 31 December 2014, with the rest following on the same date in 2015 and 2016 - dependent on holders still being employed by the group companies.

The Oslo-listed LNG carrier operator announced its stock option programme in 2012 after which a first round of 822,000 options was granted.

The total number of shares and options now held by staff are:

· Sveinung Stohle, president and CEO: 10,946 shares and 500,000 options

· Steffen Foreid, CFO: 414 shares and 200,000 options

· Ragnar Wisloff, CCO: 2,625 shares and 170,000 options

· Vegard Hellekleiv, CTO: 1,972 shares and 170,000 options

· Stephan Tschudi-Madsen, CAO: 2,276 shares and 170,000 options

· Oivin Iversen, CEO Hoegh FLNG Ltd: 789 shares and...