Kodak 2001 Annual Report Download - page 106

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OPTION/SAR GRANTS IN LAST FISCAL YEAR
INDIVIDUAL GRANTS
Name
Number of
Securities
Underlying
Options/
SARs
Granted(a)
Percentage
of Total
Options/SARs
Granted to
Employees
in Fiscal Year
Exercise or
Base Price
Per Share
Expiration
Date
Grant Date
Present
Value(e)
D. A. Carp 160,000(b) 1.96% $40.97 01/11/11 $1,625,600
250,000(c) 3.06 29.31 11/15/11 1,815,000
P. F. Russo 500,000(d) 6.12 39.77 04/05/11 4,880,000
100,000(c) 1.22 29.31 11/15/11 726,000
R. H. Brust 78,000(c) 0.95 29.31 11/15/11 566,280
E. L. Steenburgh 0 0 N/A N/A N/A
M. M. Coyne 95,000(c) 1.16 29.31 11/15/11 689,700
(a) Termination of employment, for other than death or a permitted reason, prior to the first anniversary of the
grant date results in forfeiture of the options. Thereafter, termination of employment prior to vesting
results in forfeiture of the options unless the termination is due to retirement, death, disability or an
approved reason. Vesting accelerates upon death. One third of the options vest on each of the first three
anniversaries of the date of grant.
(b) These options were granted in January 2001 in recognition of D. A. Carp’s election as Chairman.
(c) These awards were granted in November 2001 under the management stock option program. Beginning
with this grant, stock options are granted in the fourth quarter of a year to coordinate with the timing of
the Company’s annual management appraisal process. P. F. Russo forfeited her options when she resigned
from the Company on January 4, 2002.
(d) These options were granted to P. F. Russo in April 2001 pursuant to her offer letter. P. F. Russo forfeited
these options when she resigned from the Company on January 4, 2002.
(e) The present value of these options was determined using the Black-Scholes model of option valuation in a
manner consistent with the requirements of Statement of Financial Accounting Standards No. 123,
“Accounting for Stock-Based Compensation.”
AGGREGATED OPTION/SAR EXERCISES IN LAST FISCAL YEAR
AND FISCAL YEAR-END OPTION/SAR VALUES
Number of
Shares Acquired
on Exercise
Value
Realized
Number of
Securities Underlying
Unexercised Options/SARs
at Fiscal Year-End
Value of Unexercised
In-the-Money Options/
SARs at Fiscal Year-End*
Name Exercisable Unexercisable Exercisable Unexercisable
D. A. Carp 13,148 $80,048 595,494 656,820 $0 $30,000
P. F. Russo 0 0 0 60,000 0 12,000
R. H. Brust 0 0 55,990 250,010 0 9,360
E. L. Steenburgh 0 0 38,168 38,704 0 0
M. M. Coyne 2,630 18,305 126,128 233,364 0 11,400
* Based on the closing price on the New York Stock Exchange – Composite Transactions of the Company’s
common stock on December 31, 2001, of $29.43 per share.
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