Kodak 2007 Annual Report Download - page 156

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33
Share Ownership Program
In order to closely align the interests of our executives with those of our shareholders, the Company strongly encourages executives to
acquire a significant ownership stake in Company stock. Effective February 26, 2008, our share ownership program was revised to require
our Section 16 Executive Officers to retain 100% of shares attributable to stock option exercises or the vesting or earn-out of full value
shares (such as restricted shares or Leadership Stock) until they attain specified ownership levels, which are expressed below as a
multiple of base salary. Also, stock acquired upon stock option exercise, restricted stock, restricted stock units, any shares held in the
executive’s account under Kodak’s Employee Stock Ownership Plan or Savings & Investment Plan and any “phantom stock” selected by
an executive as an investment option in the EDCP count toward meeting the executive’s share ownership requirement. The Compensation
Committee monitors each executive’s status regarding achievement of the applicable minimum ownership requirement throughout the year
utilizing a fixed stock price of $25.66 per share that was established at the commencement of the program. As of January 31, 2008, Mr.
Perez and Mr. Sklarsky had met their share ownership targets. Ms. Hellyar met her share ownership target on March 27, 2008 after
receiving a portion of her 2007 Executive Compensation for Excellence and Leadership Plan award in shares of common stock.
Effective February 26, 2008, our Named Executive Officers have the following share ownership requirements:
Named Executive Officer Salary Multiple Retention Ratio
Mr. Perez 5X 100%
Mr. Faraci 4X 100%
Mr. Sklarsky 3X 100%
Ms. Hellyar
Mr. Langley 2X 100%