Alaska Airlines and Horizon Air 2013 Annual Report Download - page 75

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EXECUTIVE COMPENSATION
Mr. Johnson — 2,800 on 2/14/14, 2,800 on 2/14/15, and 2,800 on 2/14/16; Mr. Minicucci — 3,450 on
2/14/14, 3,450 on 2/14/15, and 3,450 on 2/14/16; and Mr. Loveless — 1,820 on 2/14/14, 1,820 on
2/14/15, and 1,820 on 2/14/16.
(5) Mr. Tilden’s 2/14/12 performance stock unit award includes an award of 45,460 additional performance
stock units in connection with his election to CEO. The units will vest based on the goals set for the three-year
performance period ending 12/31/14.
(6) The RSUs awarded on 11/7/12 will become fully vested on 11/7/15. Mr. Loveless’s unvested options under
the 11/7/12 grant will become vested as follows 1,933 on 11/7/14, 1,932 on 11/7/15, and 1,933 on
11/7/16.
(7) Mr. Pedersen’s 2/11/13 performance stock unit award includes 13,000 additional stock units in connection
with an incentive grant based on the accomplishment of specific operational and financial goals. The units will
vest based on the goals set for the three-year performance period ending 12/31/15.
(8) The RSUs awarded on 2/11/13 will become fully vested on 2/11/16. The unvested options under the
2/11/13 grant will become vested as follows: Mr. Tilden — 4,737 on 2/11/14, 4,738 on 2/11/15, 4,737 on
2/11/16 and 4,738 on 2/11/17; Mr. Pedersen — 1,672 on 2/11/14, 1,673 on 2/11/15, 1,672 on
2/11/16 and 1,673 on 2/11/17; Mr. Johnson — 2,490 on 2/11/14, 2,490 on 2/11/15, 2,490 on
2/11/16 and 2,490 on 2/11/17; Mr. Minicucci — 2,490 on 2/11/14, 2,490 on 2/11/15, 2,490 on
2/11/16 and 2,490 on 2/11/17; and Mr. Loveless — 2,490 on 2/11/14, 2,490 on 2/11/15, 2,490 on
2/11/16 and 2,490 on 2/11/17.
2013 OPTION EXERCISES AND STOCK VESTED
The following table presents information regarding the exercise of stock options by the Named
Executive Officers during 2013 and the vesting during 2013 of other stock awards previously
granted to the Named Executive Officers.
Option Awards Stock Awards
Name
(a)
Number of Shares
Acquired on
Exercise
(#)
(b)
Value Realized
on Exercise
($)
(c)
Number of Shares
Acquired
on Vesting
(#)
(d)
Value Realized
on Vesting(1)
($)
(e)
Bradley D. Tilden 78,938 3,732,766 17,400 810,318
Brandon S. Pedersen 11,354 483,880 7,030 366,978
Glenn S. Johnson 25,946 715,101 11,200 521,584
Benito Minicucci 27,800 758,529 10,600 493,642
Keith Loveless 15,406 445,894 5,580 259,861
(1) The amounts shown in Column (c) above for option awards are determined by multiplying the number of shares
by the difference between the per-share closing price of our common stock on the date of exercise and the
exercise price of the options. The amounts shown in Column (e) above for stock awards are determined by
multiplying the number of vested units by the per-share closing price of our common stock on the vesting date.
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