GNC 2008 Annual Report Download - page 141
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Table of Contents
Payment
Imputed on
Value for Common Exercise Payment
Life Stockholder of for
Named Insurance Distributions Numico Cancelled Director
Executive Perquisites Premiums or Dividendsa SARsb Optionsc Fees Severance Total
Officer Year ($) ($) ($) ($) ($) ($) ($) ($)
Joseph Fortunato 2007 94,437 552 — — 7,165,121 — — 7,260,110
2006 56,840 552 683,869 95,850 — — — 837,111
Curtis J. Larrimer 2007 46,720 552 — — 1,791,272 — 87,500d 1,926,044
2006 46,840 552 246,191 75,188 — — — 368,771
Thomas Dowd 2007 42,643 240 — — 985,195 — — 1,028,078
2006 39,840 239 307,740 — — — — 347,819
Joseph J. Weiss 2007 29,510 216 — — 749,480 — — 779,206
Michael Locke 2007 39,000 1,584 — — 806,067 — — 846,651
Robert J. DiNicola 2007 — — — — 8,956,403 12,500 — 8,968,903
2006 — — 729,463 — — 38,500 — 767,963
Mark Weintrub 2007 17,366 277 — — 777,719 — 228,002e 1,023,364
(a) Reflects common stockholder distributions or dividends paid in 2006, which were not factored into the grant date fair value of stock
awards. No common stockholder distributions or dividends were paid in 2007.
(b) Reflects exercise of stock appreciation rights, or SARs, granted by our predecessor, Royal Numico NV, all of which were fully
vested and exercisable. The remaining SARs were exercised in full in 2006 by the following 2007 Named Executive Officers in the
amounts indicated: Mr. Fortunato, 15,000 SARs; Mr. Larrimer, 10,000 SARs.
(c) Reflects payments made to the 2007 Named Executive Officers pursuant to the terms of the Merger on March 16, 2007, for
outstanding options canceled in connection with the Merger in an amount equal to the excess, if any, of the per share merger
consideration paid in the Merger over the exercise price per share of the option, multiplied by the number of shares of GNC Parent
Corporation common stock subject to the option and subject to reduction for required withholding tax.
(d) Reflects severance payments Mr. Larrimer is entitled to receive in connection with the termination of his employment with the
Company effective December 31, 2007. Mr. Larrimer was entitled to elect reimbursement for COBRA costs, but he elected not to
receive this benefit.
(e) Reflects severance payments in the amount of $220,833 and the reimbursement for COBRA costs in an amount up to $7,168 that
Mr. Weintrub is entitled to receive in connection with the termination of his
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