Dollar General 2007 Annual Report Download - page 136

134
Estimated Possible Payouts Under Non-
Equity Incentive Plan Awards(2)
Estimated
Future
Payouts
Under Equity
Incentive
Plan Awards
Name
Grant
Date
Date of
Board
Action(1)
Threshold
($)
Target
($)
Maximum
($)
Target
(#)(3)
All Other
Stock
Awards:
Number of
Shares of
Stock or
Units
(#)(4)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)
Exercise
or Base
Price of
Option
Awards
($/Sh)
Grant Date
Fair Value
of Stock
and Option
Awards
($)
Ms. Guion 167,375 334,750 669,500 -- -- -- -- --
3/23/07 3/19/07 -- -- -- -- -- 39,883(6) 21.25(6) 215,021
3/23/07 3/19/07 -- -- -- -- 14,076 -- -- 299,115
7/6/07 -- -- -- -- -- 437,500(5) 5.00(5) 1,183,088
7/6/07 -- -- -- 437,500 -- -- 5.00(3) 1,183,088
7/6/07 -- -- -- -- -- 22,942(7) 1.25(7) 86,033(7)
7/6/07 -- -- -- -- -- 35,504(7) 1.25(7) 133,140(7)
7/6/07 -- -- -- -- -- 66,364(7) 1.25(7) 248,865(7)
7/6/07 -- -- -- -- -- 7,976(7) 1.25(7) 29,910(7)
Ms. Lowe 137,248 274,495 548,990 -- -- -- -- --
3/23/07 3/19/07 -- -- -- -- -- 35,733(6) 21.25(6) 192,647
3/23/07 3/19/07 -- -- -- -- 12,612 -- -- 268,005
7/6/07 -- -- -- -- -- 337,500(5) 5.00(5) 912,668
7/6/07 -- -- -- 337,500 -- -- 5.00(3) 912,668
7/6/07 -- -- -- -- -- 39,088(7) 1.25(7) 146,580(7)
7/6/07 -- -- -- -- -- 59,466(7) 1.25(7) 222,998(7)
7/6/07 -- -- -- -- -- 7,146(7) 1.25(7) 26,798(7)
(1) Our Board of Directors authorized Mr. Dreiling’ s equity grants on the same day that it approved his employment and related agreements.
Because the 2007 Stock Incentive Plan does not allow us to make grants to non-employees, the Board set the grant date effective as of Mr.
Dreiling’ s hire date. Our Board of Directors authorized Mr. Perdue’ s equity grants, and our Compensation Committee authorized the equity
grants to Messrs. Beré, Tehle and Buley and Mss. Guion and Lowe, at the meetings where other annual executive compensation matters
were considered, consistent with historical practice. Such grants, however, were conditioned upon receipt of KKR’ s approval per certain
provisions in the Merger Agreement. The date of KKR’ s approval was considered the grant date for those awards.
(2) Represents each NEO’ s fiscal 2007 Teamshare bonus opportunity. Mr. Dreiling’ s payout levels are prorated for 12 days of service in fiscal
2007.
(3) Represents post-Merger grants of performance-based options under the 2007 Stock Incentive Plan. Because there is no market for our
common stock, the per share exercise price is the fair market value of one share of our common stock on the grant date as determined in
good faith by our Board of Directors. If we achieve specific EBITDA targets, these options are eligible to become exercisable in
installments of 20% on February 1, 2008, January 30, 2009, January 29, 2010, January 28, 2011, and February 3, 2012. If an EBITDA
target for a given fiscal year is not met, these options may still vest on a “catch up” basis if, at the end of fiscal years 2008, 2009, 2010,
2011, or 2012, the applicable cumulative EBITDA target is achieved. In addition, these options are subject to certain accelerated vesting
provisions as described in “Potential Payments Upon Termination or Change-in-Control” below.
(4) Represents post-Merger grants of time-vested restricted stock to Mr. Dreiling under the 2007 Stock Incentive Plan and pre-Merger grants of
time-vested RSUs to all other NEOs under the 1998 Stock Incentive Plan. The restricted shares granted to Mr. Dreiling are scheduled to
vest upon the earliest to occur of: a change in control of the company, an initial public offering of the company, Mr. Dreiling’ s termination
without cause or due to death or disability, Mr. Dreiling’ s resignation for good reason, or February 3, 2012. The pre-Merger RSU grants
vested in connection with the Merger.
(5) Represents post-Merger grants of time-vested, non-qualified stock options under the 2007 Stock Incentive Plan. Because there is no market
for our common stock, the per share exercise price is the fair market value of one share of our common stock on the grant date as
determined in good faith by our Board of Directors. These options are scheduled to become exercisable ratably in installments of 20% on
July 6, 2008, July 6, 2009, July 6, 2010, July 6, 2011 and July 6, 2012. In addition, these options are subject to certain accelerated vesting
provisions as described in “Potential Payments upon Termination or Change-in-Control” below.