Dollar General 2007 Annual Report Download - page 140

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138
Option Exercises and Stock Vested During Fiscal 2007
The table below provides information regarding the value realized by our NEOs upon the
transfer for value of stock options and the vesting of stock awards during fiscal 2007.
Option Awards(1) Stock Awards
Name
Number of Shares
Acquired on
Exercise
(#)
Value Realized
on Exercise
($)
Number of Shares
Acquired on Vesting
(#)
Value Realized
on Vesting
($)
Mr. Dreiling -- -- -- --
Mr. Perdue 1,313,630 9,555,223 587,516 12,888,955
Mr. Beré 136,009 182,675 49,443 1,085,841
Mr. Tehle 235,217 720,034 40,113 877,225
Mr. Buley 195,683 784,780 39,692 870,668
Ms. Guion 200,483 497,956 33,107 724,171
Ms. Lowe 127,733 396,380 30,693 672,946
(1) Represents the transfer for value of options held by the NEOs in connection with the Merger. All of the
value realized by Messrs. Beré and Tehle and by Mss. Guion and Lowe and $754,868 of the value realized
by Mr. Buley was rolled over into Rollover Options.
Pension Benefits
Fiscal 2007
We provided retirement benefits to Mr. Perdue under an unfunded, non-qualified defined
benefit pension plan, or SERP. As a result of the Merger, which constituted a change-in-control
under the terms of the SERP and the related grantor trust agreement, and Mr. Perdue’ s
resignation effective July 6, 2007, Mr. Perdue became 100% vested in his SERP account and the
actuarial equivalent of the lump sum value of Mr. Perdue’ s accrued benefit was funded to the
grantor trust. The material terms of Mr. Perdue’ s SERP are discussed following the table.
Name Plan Name
Number of Years
Credited Service
(#)
Present
Value of
Accumulated Benefit
($)
Payments During
Last Fiscal Year
($)(1)
Mr. Perdue
Supplemental Executive
Retirement Plan for
David A. Perdue
N/A
0
6,208,966
(1) On January 7, 2008, distribution was made to Mr. Perdue of the entire benefit obligation under the terms of his
SERP consisting of $6,028,122 of vested benefit and $180,844 in interest. The distribution to Mr. Perdue was
made six months following his termination date to comply with Section 409A of the Internal Revenue Code (the
“Code”).
Mr. Perdue’ s SERP provided for an annual normal retirement benefit equal to 25% of
“final average compensation” upon retirement on or after his “normal retirement date”, payable