Kroger 2010 Annual Report Download - page 43
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41
(1) Stock options vest on 5/4/2011.
(2) Stock options vest in equal amounts on 6/28/2011 and 6/28/2012.
(3) Stock options vest in equal amounts on 6/26/2011, 6/26/2012, and 6/26/2013.
(4) Stock options vest in equal amounts on 6/25/2011, 6/25/2012, 6/25/2013, and 6/25/2014.
(5) Stock options vest in equal amounts on 6/24/2011, 6/24/2012, 6/24/2013, 6/24/2014, and 6/24/2015.
(6) Performance stock options vest on 11/9/2011 or earlier if performance criteria is satisfied prior to
such date.
(7) Restricted stock vests on 5/4/2011.
(8) Restricted stock vests in equal amounts on 6/28/2011 and 6/28/2012.
(9) Restricted stock vests in equal amounts on 6/26/2011, 6/26/2012, and 6/26/2013.
(10) Restricted stock vests in equal amounts on 6/25/2011, 6/25/2012, 6/25/2013, and 6/25/2014.
(11) Restricted stock vests in equal amounts on 6/24/2011, 6/24/2012, 6/24/2013, 6/24/2014, and
6/24/2015.
(12) Restricted stock vests as follows: 15,000 shares on 6/25/2012, 20,000 shares on 6/25/2013, and 35,000
shares on 6/25/2014.
(13) Restricted stock vests in equal amounts on 6/24/2011, 6/24/2012, 6/24/2013, and 6/24/2014.
(14) Restricted stock vests as follows: 30,000 shares on 6/26/2011.
(15) Restricted stock vests as follows: 16,667 on 6/24/2011 and 33,333 on 6/24/2012.
(16) Restricted stock vests as follows: 8,000 shares on 5/4/2011.
(17) Restricted stock vests as follows: 6,000 shares on 6/26/2011, 12,000 shares on 6/26/2012, and 12,000
shares on 6/26/2013.
(18) Performance units are earned as of the last day of fiscal year 2012, to the extent that the performance
goals are achieved.
Pursuant to the provisions of his stock option and restricted stock agreements, Mr. Becker’s stock
options vested and restrictions on his restricted stock lapsed, earlier than the previously stated periods due
to his death on February 16, 2011.
From 1997 through 2002, Kroger granted to the named executive officers performance-based
nonqualified stock options. These options, having a term of ten years, vest six months prior to their date
of expiration unless earlier vesting because Kroger’s stock price achieved the specified annual rate of
appreciation set forth in the stock option agreement. That rate ranged from 13% to 16%. To date, only the
performance-based options granted in 1997, 1998, 1999, 2000, and 2001 vested, and those granted in 1997,
1998, 1999, and 2000 expired if not earlier exercised.