Dollar General 2011 Annual Report Download - page 48

Proxy
Outstanding Equity Awards at 2011 Fiscal Year-End
The table below sets forth information regarding awards granted under our 2007 Stock
Incentive Plan and held by our named executive officers as of the end of fiscal 2011. We have omitted
the columns pertaining to stock awards because they are inapplicable. The exercise prices set forth in
the table below reflect an adjustment made in connection with a special dividend paid to our
shareholders in September 2009 to reflect the effects of such dividend on such options, as required by
the terms of such options. In October 2009, we completed a reverse split of 1 share for each 1.75
shares of common stock outstanding. The exercise prices of, and number of shares outstanding under,
our equity awards existing at the time of the reverse stock split were retroactively adjusted to reflect
the reverse stock split and are reflected in the table below.
Option Awards
Equity Incentive
Plan Awards:
Number of Number of Number of
Securities Securities Securities
Underlying Underlying Underlying
Unexercised Unexercised Unexercised Option
Options Options Unearned Exercise Option
(#) (#) Options Price Expiration
Name Exercisable Unexercisable (#) ($) Date
Mr. Dreiling 362,033(1) 142,857(1) — 7.9975 07/06/2017
428,571(2) — — 7.9975 07/06/2017
100,000(3) — — 29.38 04/23/2020
Mr. Tehle 134,743(1) 62,857(1) — 7.9975 07/06/2017
188,571(2) — — 7.9975 07/06/2017
Ms. Guion 100,965(1) 50,000(1) — 7.9975 07/06/2017
150,000(2) — — 7.9975 07/06/2017
Mr. Vasos 113,383(1) 100,000(1) — 7.9975 12/19/2018
150,000(4) — 91,667(4) 7.9975 12/19/2018
Ms. Lanigan 80,972(1) 38,571(1) — 7.9975 07/06/2017
115,713(2) — — 7.9975 07/06/2017
(1) These options are part of a grant of time-based options scheduled to vest 20% per year on each of the
first five anniversaries of (a) July 6, 2007 (in the case of all listed officers other than Mr. Vasos) or
(b) December 1, 2008 (in the case of Mr. Vasos); in each case subject to certain accelerated vesting
provisions as described in ‘‘Potential Payments upon Termination or Change in Control’’ below.
(2) These options are part of a grant of performance-based options scheduled to vest 20% per year on each
of February 1, 2008, January 30, 2009, January 29, 2010, January 28, 2011 and February 3, 2012 if we
achieve specific annual adjusted EBITDA-based targets for the applicable fiscal year, all of which have
been achieved.
(3) These options vested on April 23, 2011.
(4) These options are part of a grant of performance-based options scheduled to vest (a) as to 8,333 shares
on January 30, 2009, 50,000 shares on each of January 29, 2010, January 28, 2011, February 3, 2012 and
February 1, 2013, and 41,667 shares on January 31, 2014, if we achieve specific annual adjusted
EBITDA-based targets for the applicable fiscal year; or (b) on a ‘‘catch up’’ basis if an applicable
cumulative adjusted EBITDA-based target is achieved at the end of fiscal year 2012, 2013 or 2014.
These options are subject to certain accelerated vesting provisions as described in ‘‘Potential Payments
upon Termination or Change in Control’’ below. We achieved the annual financial targets for each of
the 2009, 2010 and 2011 fiscal years, and a portion (417 shares) of the options reported as exercisable
vested on an accelerated basis on December 14, 2010.
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