Ally Bank 2011 Annual Report Download - page 252

Table of Contents
Ally Financial Inc. • Form 10−K
Outstanding Equity Awards at 2011 Fiscal Year End — Stock Awards
The following table provides information for the named executive officers regarding the Ally RSU and IRSU awards outstanding at December 31,
2011
Name Grant date
Number of
shares or units
of stock that have
not vested (#) (a)
Market value
of shares or
units of stock
that have
not vested ($) (a)
Michael A. Carpenter 1/28/2010 50.6 429,865
12/16/2010 192.0 1,632,001
12/19/2011 187.5 1,593,750
Jeffrey J. Brown (b) (c) 10/28/2009 131.9 1,120,766
12/14/2009 25.7 218,582
12/16/2010 179.2 1,523,201
12/19/2011 174.2 1,480,783
Thomas Marano (b) 10/28/2009 206.2 1,752,700
12/14/2009 36.8 312,800
12/16/2010 316.0 2,686,002
12/19/2011 333.5 2,834,555
Barbara Yastine 12/16/2010 64.0 544,000
12/19/2011 216.1 1,837,189
William Muir 9/15/2008 13.0 110,400
12/31/2009 140.2 1,191,361
12/16/2010 128.0 1,088,001
12/19/2011 152.0 1,291,745
James G. Mackey (c) 3/26/2009 58.4 496,534
12/14/2009 11.7 99,168
12/16/2010 102.8 873,651
12/19/2011 119.0 1,011,408
(a) Amounts shown represent Ally RSU and IRSU awards granted to named executives that have not vested. The RSU awards vest ratably over five years. The IRSU awards granted in
2009 and 2010 cliff vest over three years, in each case subject to continued service with Ally. The 2011 IRSU awards vest two−thirds after two years and in full after three years,
subject to continued service with Ally. No portion of the 2009, 2010 or 2011 IRSU grants vested during 2011. Each award represents one phantom share of Ally. The market value
for the phantom shares is determined by the Board at least annually, as required by the plan. The value for each phantom share at December 31, 2011, was $8,500. During 2011,
Sandler O'Neill & Partners, L.P. (Sandler O'Neill), an independent investment banking firm, was engaged to provide certain valuation analyses and to prepare an annual report
regarding the value of the Company's common equity securities, to prepare quarterly updates starting with September 30, 2011 based on a market index established with Sandler
O'Neill's advice, and to provide other services related thereto. The valuation amounts as of September 30, 2011 and December 31, 2011 were determined based on the analyses
provided by Sandler O'Neill.
(b) Based on TARP restrictions a portion of Mr. Brown's and Mr. Marano's 2009 IRSU awards were converted to DSU awards. The balances shown here have been restated to include
this conversion.
(c) The vesting and payout schedules of Mr. Brown's and Mr. Mackey's 2009 awards changed on December 19, 2009 to comply with TARP rules.
Options Exercised and Shares Vested in 2011
During 2011, no stock options were exercised by the named executive officers.
During 2011, no shares held by the named executive officers vested.
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