Baker Hughes 2009 Annual Report Download - page 38

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28 Baker Hughes Incorporated
Grants Of Plan-Based Awards
This table discloses the actual numbers of stock options and RSAs granted during 2009 and the grant date fair value of these
awards. It also captures potential future payouts under the Company’s non-equity and equity incentive plans.
Grants of Plan-Based Awards
All Other All Other
Stock Option
Estimated Future Estimated Future Awards: Awards: Exercise
Payouts Under Non-Equity Payouts Under Equity Number Number of or Base Grant Date
Incentive Plan Awards(1) Incentive Plan Awards of Shares Securities Price of Fair Value
of Stock Underlying Option of Stock
Threshold Target Maximum Threshold Target Maximum or Units Options Awards and Option
Name Grant Date ($) ($) ($) (#) (#) (#) (#)(2) (#) ($/Sh)(3) Awards
Chad C. 7/22/2009 $ 173,250 $ 693,000 –(4) – – – 9,248 107,583 $ 39.52 $ 1,912,524
Deaton 1/21/2009 $ 637,500 $ 2,550,000 $ 5,100,000 72,824 109,941 $ 29.18 $ 3,270,590
Peter A. 7/22/2009 $ 67,491 $ 269,963 –(4) – – – 4,651 37,194 $ 39.52 $ 718,657
Ragauss 1/21/2009 $ 208,750 $ 835,000 $ 1,670,000 21,419 32,336 $ 29.18 $ 961,948
Alan R. Crain 7/22/2009 $ 44,343 $ 177,372 –(4) – – – 2,059 23,946 $ 39.52 $ 425,715
1/21/2009 $ 141,900 $ 567,600 $ 1,135,200 16,210 24,472 $ 29.18 $ 728,006
David H. Barr 7/22/2009 $ 12,115 $ 48,462 –(4) – – – 0 0 $ 0 $ 0
1/21/2009 $ 0 $ 0 $ 0 0 46,563 $ 29.18 $ 485,186
Martin S. 7/22/2009 $ 61,442 $ 245,769 –(4) – – – 7,652 39,149 $ 39.52 $ 865,370
Craighead 1/21/2009 $ 191,250 $ 765,000 $ 1,530,000 15,422 23,282 $ 29.18 $ 692,612
John A. 7/22/2009 $ 26,816 $ 107,266 –(4) – – – 2,325 15,262 $ 39.52 $ 311,352
O’Donnell 1/21/2009 $ 82,500 $ 330,000 $ 660,000 7,711 11,641 $ 29.18 $ 346,306
(1) Target value potential payout amounts shown on the first line represent amounts under the Annual Incentive Plan and discretionary bonuses Expected Value perfor-
mance. If threshold levels of performance are not met, then the payout can be zero. Amounts shown on the second line represent amounts under the 2008–2010
Long-Term Performance Unit Awards, which awards are paid in cash.
(2) Amounts shown represent the number of shares granted in 2009 for RSAs.
(3) Our practice is that the exercise price for each stock option is the fair market value on the date of grant. Under our long-term incentive program, fair market value is
the closing stock price on the day before the date of grant.
(4) There is no maximum amount that may be earned under an Annual Incentive Plan award other than the stockholder approved maximum dollar limitation of
$4,000,000 per award.