Freddie Mac 2010 Annual Report Download - page 319

Outstanding Equity Awards at Fiscal Year-End — 2010
The following table shows outstanding equity awards held by the Named Executive Officers as of December 31, 2010.
Table 80 — Outstanding Equity Awards at Fiscal Year-End — 2010
Name Award Type
(1)
Grant Date
Number of
Securities
Underlying
Unexercised Options
Exercisable (#)
Number of
Securities
Underlying
Unexercised Options
Unexercisable (#)
Option
Exercise
Price ($)
(2)
Option
Expiration
Date
Number of
Shares or Units of
Stock That Have
Not Vested (#)
Market Value of
Shares or Units of
Stock That Have
Not Vested ($)
(4)
Option Awards
(3)
Stock Awards
(3)
Mr. Haldeman ..... — — — $ — — — $ —
Mr.Kari ........ — — — — — — —
Mr. Bostrom ...... SO 06/05/06 11,950 0 $60.45 06/04/16 — —
RSU 03/29/07 — — — — 3,762 1,147
RSU 03/07/08 — — — — 31,044 9,469
Mr. Federico ...... SO 03/02/01 1,870 0 $67.85 03/01/11 — —
SO 03/01/02 2,870 0 $64.35 02/29/12 — —
SO 03/13/03 4,000 0 $52.65 03/12/13 — —
SO 04/01/04 3,590 0 $59.51 03/31/14 — —
SO 06/04/04 2,330 0 $58.92 06/03/14 — —
SO 04/11/05 4,730 0 $62.79 04/10/15 — —
RSU 03/29/07 — — — — 4,573 1,395
RSU 03/07/08 — — — — 30,413 9,276
Mr. Bisenius ...... SO 03/02/01 4,720 0 $67.85 03/01/11 — —
SO 03/01/02 5,480 0 $64.35 02/29/12 — —
SO 11/26/03 4,700 0 $54.30 11/25/13 — —
SO 08/09/04 4,500 0 $64.36 08/08/14 — —
SO 04/11/05 4,420 0 $62.79 04/10/15 — —
RSU 03/29/07 — — — — 1,513 461
RSU 03/07/08 — — — — 11,451 3,493
(1) The rows labeled “SO” indicate stock options and the rows labeled “RSU” indicate restricted stock units.
(2) Consistent with the terms of our 2004 Employee Plan, the option exercise price was set at a price equal to the fair market value of our common stock
on the grant date.
(3) Amounts reported in this table for RSUs represent the unvested portion of awards, while amounts reported in this table for options represent the
unexercised portion of awards. Except for those awards noted in the two bullets below, the option and stock awards listed in the table vest in four equal
annual installments beginning on the anniversary of the grant date:
• A portion of the RSUs granted on March 7, 2008 vest in three annual installments (33%, 33%, and 34%) beginning on the anniversary of the grant
date. The outstanding portion of these awards consisted of 4,326 RSUs for Mr. Bostrom and 2,423 RSUs for Mr. Federico; and
• Stock options granted on March 2, 2001, March 1, 2002, March 13, 2003, and June 4, 2004 vested at a rate of 25% on each of the second, third,
fourth, and fifth anniversaries of the grant date.
• Stock options granted on November 26, 2003 vested at a rate of 25% annually beginning on March 6, 2005.
• Stock options granted on August 9, 2004 vested at a rate of 25% beginning on the first anniversary of the grant date, and 25% on April 1, 2006,
April 1, 2007, and April 1, 2008.
(4) Market value is calculated by multiplying the number of RSUs held by each Named Executive Officer on December 31, 2010 by the closing price of
our common stock on December 31, 2010 ($0.305), the last trading day of the year.
For information on alternative settlement provisions of RSU and stock option grants in the event of certain terminations,
see “Table 84 — Potential Payments Upon Termination of Employment or Change-in-Control as of December 31, 2010”
below.
Option Exercises and Stock Vested — 2010
The following table sets forth information concerning value realized upon the vesting of RSUs during 2010 by each of
the Named Executive Officers. No Named Executive Officer exercised options in 2010.
Table 81 — Option Exercises and Stock Vested — 2010
Name
Number of Shares
Acquired on Vesting (#)
(1)
Value Realized
on Vesting ($)
(2)
Stock Awards
Mr. Haldeman .............................................................. 0 $ 0
Mr. Kari . . ................................................................ 0 0
Mr. Bostrom ............................................................... 27,067 33,105
Mr. Federico ............................................................... 23,821 29,278
Mr. Bisenius ............................................................... 8,226 10,107
(1) Amounts reported reflect the number of RSUs that vested during 2010 prior to our withholding of shares to satisfy applicable taxes.
(2) Amounts reported are calculated by multiplying the number of RSUs that vested during 2010 by the fair market value of our common stock on the date
of vesting.
Pension Benefits — 2010
The following table shows the actuarial present value of the accumulated retirement benefits payable to each of the
Named Executive Officers under our Pension Plan and the Pension SERP Benefit (the component of the SERP that relates to
the Pension Plan), computed as of December 31, 2010. A summary of the material terms of each plan follows the table,
including information on early retirement.
316 Freddie Mac