ADT 2014 Annual Report Download - page 50

FISCAL YEAR 2014 NEO COMPENSATION—CONTINUED
Option Exercises and Stock Vested Table
The following table sets forth information regarding option awards exercised and stock awards vested during fiscal year 2014 for the NEOs.
Values have been rounded to the nearest dollar, where applicable.
Option Awards Stock Awards
Name
Number of Shares
Acquired on
Exercise (#) Value Realized on Exercise ($) (1)
Number of Shares
Acquired on Vesting (#) Value Realized on Vesting ($) (2)
Naren Gursahaney 18,000 $787,500 67,282 $2,429,890
Michael Geltzeiler — — — —
Alan Ferber — — 2,835 $ 89,614
N. David Bleisch — — 13,084 $ 476,206
Jerri DeVard — — — —
(1) The amounts in this column reflect the value realized upon the exercise of vested stock options. The value realized is the difference between the sale price of the shares acquired via the
exercise of the options and the exercise price of the options.
(2) The amounts shown in this column reflect the value of stock awards that vested based on the NYSE closing price per share of the Company’s Common Stock on the date of vesting.
Non-Qualified Deferred Compensation Table
The following table presents information related to the non-qualified deferred compensation accounts of each of our NEOs as of September 26,
2014.
Name
Executive
Contributions in Last
Fiscal Year ($) (1)
Registrant
Contributions in Last
Fiscal Year ($) (1)
Aggregate Earnings in
Last Fiscal Year ($) (2)
Aggregate
Withdrawals/
Distributions ($)
Aggregate Balance
at Last Fiscal Year
End ($)
(a) (b) (c) (d) (e) (f)
Naren Gursahaney 36,002 59,025 517,893 — 5,779,880
Michael Geltzeiler — — — — —
Alan Ferber 17,917 8,246 503 — 26,666
N. David Bleisch 3,063 16,895 14,847 (9,891) 166,275
Jerri DeVard — — — — —
(1) The amounts in columns (b) and (c) reflect employee and Company contributions, respectively, under the SSRP, the Company’s non-qualified retirement savings plan. All of the amounts in
column (c) are included in the Summary Compensation Table under the column heading “All Other Compensation.” Under the terms of the SSRP, an eligible executive may elect to defer up
to 50% of his or her base salary and up to 100% of his or her performance bonus.
(2) The amounts in this column include earnings (or losses) on the NEO’s notional account in the SSRP.
Potential Payments Upon Termination or Change in Control
Our NEOs are eligible for certain payments and benefits upon a
termination of employment under either the Severance Plan or the
CIC Severance Plan, depending on the circumstances of their
termination.
Severance Plan. Our NEOs would receive benefits under the
Severance Plan upon an involuntary termination of employment other
than for Cause, permanent disability, or death. Upon such
termination, an NEO would be entitled to the following:
•A payment equal to one and a half times his or her base salary
and one and a half times his or her target annual bonus (two times
base salary and two times target annual bonus for
Mr. Gursahaney).
•Continued participation in the Company’s medical, dental and
health care reimbursement account coverage for 12 months
following termination of employment (or until the NEO commences
employment by another company and becomes eligible for
coverage under the new employer’s plans), subject to the NEO’s
payment of the employee portion of such coverage.
•To the extent the NEO has not become eligible for medical, dental
and health care reimbursement account coverage by a new
employer after the 12-month period following termination of
employment, a cash payment equal to the projected value of the
employer portion of the premiums for such coverage for an
additional period up to 12 months.
•At the Company’s discretion and subject to the Officer Bonus
Plan, a pro-rata bonus for the year of termination based on the
actual performance of the Company and paid when bonuses are
paid to other participants in the plan.
•At the Company’s discretion, outplacement services for a period
not to exceed 12 months.
Each NEO must execute a general release of claims in favor of the
Company in order to receive these benefits. Following termination,
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