Chipotle 2012 Annual Report Download - page 123
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In the event of such a change in control under the plan as of December 31, 2012, if the outstanding
performance share awards were not replaced with a replacement award meeting the criteria specified above, the
executive officers would have had vesting accelerated on awards with the following dollar values as of that date:
Executive Officer
Value of
Vested
Award
Steve Ells ....................................................... $5,949,200
Monty Moran .................................................... $5,949,200
Jack Hartung .................................................... $2,974,600
Bob Blessing .................................................... $ 818,015
Mark Crumpacker ................................................ $ 818,015
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
Section 16(a) of the Securities Exchange Act of 1934 requires our officers and directors and holders of
greater than 10 percent of our outstanding common stock to file initial reports of their ownership of our equity
securities and reports of changes in ownership with the SEC. Based solely on a review of the copies of such
reports furnished to us and written representations from our officers and directors, we believe that all
Section 16(a) filing requirements were complied with on a timely basis in 2012, except that we erroneously filed
a Form 4 late to report withholding of shares of common stock to cover tax obligations in connection with the
vesting of a stock award for Mr. Crumpacker.
53
Proxy Statement