Dollar General 2010 Annual Report Download - page 52

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Proxy
options with an exercise price of $12.1975; and (f) 12,440 shares per year on February 3, 2012 and
February 1, 2013, 12,439 shares on January 31, 2014 and 2,073 shares on January 30, 2015 for
Mr. Flanigan with respect to options with an exercise price of $25.25. If an annual adjusted
EBITDA-based target is not met, these options may still vest on a ‘‘catch up’’ basis if the
applicable cumulative adjusted EBITDA-based target is achieved at the end of fiscal years (1) 2011
or 2012 in the case of Mr. Dreiling, Mr. Tehle and Ms. Guion; (2) 2011, 2012, 2013, or 2014 in the
case of Mr. Ravener’s options identified in (b) above and Mr. Flanigan’s options identified in
(d) and (e) above; and (3) 2011, 2012, 2013, 2014, or 2015 in the case of Mr. Ravener’s and
Mr. Flanigan’s options identified in (c) and (f), respectively, above. These options also are subject
to certain accelerated vesting provisions as described in ‘‘Potential Payments upon Termination or
Change in Control’’ below.
(2) These options were granted under our 2007 Stock Incentive Plan and vested 331⁄3% per year on
July 6, 2008, July 6, 2009, and July 6, 2010.
(3) These options were granted under our 2007 Stock Incentive Plan and are scheduled to vest 50%
per year on 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.
(4) These options were granted under our 2007 Stock Incentive Plan and vested 25% per year on
February 1, 2008, January 30, 2009, January 29, 2010, and January 28, 2011.
(5) These options were granted under our 2007 Stock Incentive Plan and are scheduled to vest on
April 23, 2011. In addition, these options are subject to certain accelerated vesting provisions as
described in ‘‘Potential Payments upon Termination or Change in Control’’ below.
(6) The options for which these Rollover Options were exchanged vested 25% on August 9, 2005 and
75% on February 3, 2006.
(7) These options were granted under our 2007 Stock Incentive Plan and vested 50% per year on
May 27, 2009 and May 27, 2010.
(8) These options were granted under our 2007 Stock Incentive Plan and are scheduled to vest as to
18,286 shares on May 27, 2011 and 18,285 shares per year on May 27, 2012 and May 27, 2013. In
addition, these options are subject to certain accelerated vesting provisions as described in
‘‘Potential Payments upon Termination or Change in Control’’ below.
(9) These options were granted under our 2007 Stock Incentive Plan and vested as to 12,190 shares on
January 30, 2009 and 18,286 shares per year on January 29, 2010 and January 28, 2011.
(10) These options were granted under our 2007 Stock Incentive Plan and are scheduled to vest 331⁄3%
per year on May 27, 2011, May 27, 2012 and May 27, 2013. In addition, these options are subject
to certain accelerated vesting provisions as described in ‘‘Potential Payments upon Termination or
Change in Control’’ below.
(11) These options were granted under our 2007 Stock Incentive Plan and vested as to 3,048 shares on
January 30, 2009, 4,572 shares on January 29, 2010 and 4,571 shares on January 28, 2011.
(12) These options were granted under our 2007 Stock Incentive Plan and are scheduled to vest as to
12,440 shares per year on March 24, 2011, March 24, 2012 and March 24, 2013 and 12,439 shares
on March 24, 2014. In addition, these options are subject to certain accelerated vesting provisions
as described in ‘‘Potential Payments upon Termination or Change in Control’’ below.
(13) These options were granted under our 2007 Stock Incentive Plan and vested on January 28, 2011.
44