Kodak 2008 Annual Report Download - page 181

55
GRANTS OF PLAN-BASED AWARDS IN 2008
The compensation plans under which the grants were made in 2008 that are shown in the following table include the Company’s annual
bonus plan (EXCEL), the 2005 Omnibus Long-Term Compensation Plan, which provides for the grant of stock options, restricted stock
grants and performance stock units, and any individual non-equity incentive bonus plan in which a Named Executive Officer participated.
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards
(1)
Estimated Future Payouts
Under Equity Incentive Plan
Awards (2)
Name
Award
Description
Grant
Date
Thresh-
old
($)
Target
($)
Max.
($) (3)
Thresh-
old
(#)
Target
(#)
Max.
(#)
All Other
Stock
Awards
Or Units
(#)
All Other
Option
Awards
(#)
Exercise
or Base
Price of
Option
Awards
($)
Grant Date
Fair Value
of Stock &
Option
Awards
($) (4)
A.M.
Perez
EXCEL
2008 LS
Option Grant
2/26/08
1/1/08
12/9/08
—$1,705,000 $5,000,000
—106,140 212,280
751,540 $7.41
$2,321,282
683,901
F.S.
Sklarsky
EXCEL
2008 LS
Option Grant
2/26/08
1/1/08
12/9/08
—450,000 3,000,000
—29,350 58,700
207,800 7.41
641,885
189,098
P.J. Faraci EXCEL
2008 LS
2007 EXCEL(5)
Option Grant
2/26/08
1/1/08
3/27/08
12/9/08
—595,000 3,500,000
—34,850 69,700
30,322
246,750 7.41
762,170
538,822
224,543
M.J.
Hellyar
EXCEL
2008 LS
2007 EXCEL(5)
Option Grant
2/26/08
1/1/08
3/27/08
12/9/08
—313,600(6)2,450,000
—18,670 37,340
18,806
132,200 7.41
408,313
334,183
120,302
R.L.
Berman
EXCEL
2008 LS
Option Grant
2/26/08
1/1/08
12/9/08
—246,400(6) 1,925,000
—14,230 28,460
100,740 7.41
311,210
91,673
Former Executive
J.T.
Langley(7)
EXCEL
2008 LS
Option Grant
2/26/08
1/1/08
12/9/08
—— —
—— —
———
—
—
(1) The amounts shown for the "Threshold", "Target" and "Maximum" levels represent the possible payouts for 2008 under the
EXCEL plan. There is no amount in the "threshold" level for either the EXCEL plan or the individual bonus plan as the potential
payouts can range from zero to the maximum amount allowable under the respective plan based on performance. Due to
Company results, the actual payout under the EXCEL plan for 2008 was $0.
(2) The amounts shown represent the "threshold", "target" and "maximum" number of shares of common stock that Named
Executive Officers can earn under the 2008 Leadership Stock (LS) performance cycle. There is no amount in the "threshold"
level as participants can earn any amount between zero and the maximum award payable, depending on performance. Due to
Company results, there were no shares of common stock earned under the 2008 LS performance cycle.
(3) The maximum amounts for the EXCEL plan represent the maximum payout permitted under the plan in accordance with the
formula established under the plan. The maximum bonus payout for the EXCEL plan is the lesser of: 1) 10% of the corporate
funding pool determined in accordance with performance against pre-established performance targets; 2) 500% of a Named
Executive Officer's annual base salary as of December 31, 2007; or 3) $5 million. The maximum amount shown for the EXCEL
plan is the lesser of 500% of annual base salary or $5 million since the amount representing 10% of the corporate funding pool is
not determinable as of the beginning of the year.
(4) The amounts shown represent the full grant date fair value, as calculated in accordance with SFAS 123R.
(5) In accordance with EXCEL and our share ownership program, Mr. Faraci and Ms. Hellyar received the above-target portion of
their EXCEL bonus for 2007 in the form of fully-vested shares of common stock, which were awarded on March 27, 2008. The
entire EXCEL bonus paid to Mr. Faraci and Ms. Hellyar was included in the Non-Equity Incentive Compensation Column in the
Summary Compensation Table for 2007.