Harris Teeter 2012 Annual Report Download - page 100

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Option Exercises and Stock Vested for 2012
Option Awards Stock Awards
Name
Number of
Shares Acquired
on Exercise
(#)
Value
Realized
on Exercise
($)(1)
Number of
Shares Acquired
on Vesting
(#)
Value
Realized
on Vesting
($)(2)
Thomas W. Dickson ........... — — 24,906 1,056,270
Frederick J. Morganthall, II . . . — — 13,000 551,543
John B. Woodlief ............. — — 12,202 517,616
Rodney C. Antolock ........... — — 8,775 372,281
Fred A. Jackson(3) ............ 15,298 383,860 22,500 934,425
(1) The value realized on exercise represents: (a) the difference between the average of the high and low sale price
(“Average Price”) on the day of exercise and the exercise price multiplied by the number of shares acquired
on exercise, in the case of stock swaps, and (b) the actual gain realized in the case of cashless sale or cashless
hold exercises.
(2) The value realized represents the number of shares acquired on vesting multiplied by the Average Price on
the day of vesting.
(3) In connection with the sale of A&E, the Board approved accelerated vesting of all previously unvested
restricted stock awards for Mr. Jackson. Please refer to “Potential Payments Upon Termination of Employment
or Change in Control” for additional information.
Pension Benefits for 2012 (1)
Name Plan Name
Number of Years
Credited Service
(#)
Present Value of
Accumulated Benefit
($)(2)
Payments
During
Last Fiscal Year
($)
Thomas W. Dickson ........... Pension Plan 32 1,271,000 —
SERP 32 10,787,000 —
Frederick J. Morganthall, II . . . Pension Plan 26 949,000 —
SERP 26 6,576,000 —
John B. Woodlief ............. Pension Plan 13 325,000 —
SERP 13 4,174,000 —
Rodney C. Antolock ........... Pension Plan 13 233,000 —
SERP 13 2,446,000 —
Fred A. Jackson .............. Pension Plan 34 — —
SERP 34 2,859,000 —
(1) For a discussion of the valuation methods and material assumptions applied in quantifying the present value
of the current accrued benefit under each of the Pension Plan and SERP, please refer to the note entitled
“Employee Benefit Plans” of the Consolidated Financial Statements included with the Company’s Annual
Report on Form 10-K for the year ended October 2, 2012.
(2) “Present Value of Accumulated Benefit” assumes the value of the benefit as of October 2, 2012 and assumes
that the NEO will wait to receive any benefit thereunder until the NEO would have attained an age where such
NEO would receive an unreduced benefit amount under such benefit plan.
Pension Plan. The Pension Plan is a tax-qualified defined benefit retirement plan for eligible employees. Effective
October 1, 2005 the Pension Plan was amended to limit participation in the Pension Plan to eligible employees of
the Company who were employed on September 30, 2005. All of the current NEOs are participants in the Pension
Plan. Contributions to the Pension Plan are determined annually by the Retirement Plan Committee, the named
fiduciary, based upon an analysis and recommendation from actuarial consultants who estimate the Plan’s total
32