Kroger 2013 Annual Report Download - page 41

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39
(16)฀ Restricted฀ stock฀ vests฀ as฀ follows:฀ 3,250฀ shares฀ on฀ 12/17/2014,฀ 3,250฀ shares฀ on฀ 12/17/2015฀ and฀
6,500฀shares฀on฀12/17/2016.
(17)฀ Restricted฀stock฀vests฀as฀follows:฀3,333฀shares฀on฀12/6/2014฀and฀3,334฀shares฀on฀12/6/2015.
(18)฀ Performance฀units฀granted฀under฀the฀2012฀Long฀Term฀Incentive฀Plan฀are฀earned฀as฀of฀the฀last฀day฀of฀
fiscal฀year฀2014,฀to฀the฀extent฀performance฀goals฀are฀achieved.฀Because฀the฀awards฀are฀not฀currently฀
determinable,฀the฀number฀of฀units฀and฀value฀as฀of฀fiscal฀year-end฀in฀the฀table฀reflect฀the฀probable฀outcome฀
of฀such฀conditions.฀The฀maximum฀number฀of฀units฀achievable฀and฀the฀value฀of฀the฀maximum฀number฀of฀
units฀as฀of฀fiscal฀year-end฀if฀such฀maximum฀would฀be฀achieved฀are฀as฀follows:฀Mr.฀Dillon:฀74,645฀units;฀
$2,826,806;฀Mr.฀McMullen:฀24,360฀units;฀$922,513;฀Mr.฀Schlotman:฀13,660฀units;฀$517,304;฀Ms.฀Barclay:฀
8,260฀units;฀$312,806;฀Mr.฀Heldman:฀12,350฀units;฀$467,695;฀and฀Mr.฀Ellis:฀5,500฀units;฀$208,285.
(19)฀ Performance฀units฀granted฀under฀the฀2013฀ Long฀Term฀Incentive฀Plan฀are฀earned฀as฀of฀the฀last฀day฀of฀
fiscal฀year฀2015,฀to฀the฀extent฀performance฀goals฀are฀achieved.฀Because฀the฀awards฀are฀not฀currently฀
determinable,฀the฀number฀of฀units฀and฀value฀as฀of฀fiscal฀year-end฀in฀the฀table฀reflect฀the฀probable฀outcome฀
of฀such฀conditions.฀The฀maximum฀number฀of฀units฀achievable฀and฀the฀value฀of฀the฀maximum฀number฀of฀
units฀as฀of฀fiscal฀year-end฀if฀such฀maximum฀would฀be฀achieved฀are฀as฀follows:฀Mr.฀Dillon:฀74,645฀units;฀
$2,839,123;฀Mr.฀McMullen:฀24,360฀units;฀$926,533;฀Mr.฀Schlotman:฀13,660฀units;฀$519,558;฀Ms.฀Barclay:฀
8,260฀units;฀$314,169;฀Mr.฀Heldman:฀12,350฀units;฀$469,732;฀and฀Mr.฀Ellis:฀6,340฀units;฀$241,142.
OP T I O N E X E R C I S E S A N D S T O C K V E S T E D
The฀following฀table฀provides฀the฀stock฀options฀exercised฀and฀restricted฀stock฀vested฀during฀2013,฀as฀well฀
as common shares issued to the named executive officers pursuant to performance units awarded under the
2011 Long Term Incentive Plan.
2013 OPTION EXERCISES AND STOCK VESTED
Name
Option Awards(1) Stock Awards(2)
Number of
Shares Acquired
on Exercise
(#)
Value Realized
on Exercise
($)
Number of
Shares Acquired
on Vesting
(#)
Value Realized
on Vesting
($)
David฀B.฀Dillon ...................... — — 162,142 $6,103,134
W.฀Rodney฀McMullen ................. — — 69,418 $2,554,100
J.฀Michael฀Schlotman ................. 57,250 $1,370,567 21,383 $ 818,869
Kathleen฀S.฀Barclay ................... — — 16,135 $624,652
Paul฀W.฀Heldman ..................... 80,000 $1,940,200 33,805 $1,242,360
Michael฀L.฀Ellis ...................... 42,000 $ 890,220 15,983 $609,000
(1)฀ Options฀ granted฀ under฀ our฀ various฀ long-term฀ incentive฀ plans฀ have฀ a฀ ten-year฀ life฀ and฀ expire฀ if฀ not฀
exercised฀within฀that฀ten-year฀period.
(2)฀ The฀Stock฀Awards฀columns฀of฀the฀table฀include฀the฀following฀two฀components:
฀In฀ 2011,฀ executives฀ were฀ awarded฀ performance฀ units฀ that฀ are฀ earned฀ based฀ on฀ performance฀ criteria฀
established฀by฀the฀Compensation฀Committee฀at฀the฀beginning฀of฀the฀three฀year฀performance฀period.฀
Actual฀payouts฀are฀based฀on฀the฀degree฀to฀which฀improvements฀are฀achieved฀and฀are฀earned฀in฀Kroger฀
common฀ shares.฀ The฀ number฀ of฀ common฀ shares฀ issued฀ and฀ the฀ value฀ realized฀ based฀ on฀ the฀ closing฀
share฀price฀on฀March฀13,฀2014,฀the฀date฀of฀deemed฀delivery฀of฀the฀shares,฀are฀ as฀follows:฀Mr.฀Dillon:฀
49,630฀common฀shares,฀$2,158,409฀value฀realized;฀Mr.฀McMullen:฀16,002฀common฀shares,฀$695,927฀value฀
realized;฀ Mr.฀ Schlotman:฀ 7,987฀ common฀ shares,฀ $347,355฀ value฀ realized;฀ Ms.฀ Barclay:฀ 5,782฀ common฀
shares,฀ $251,459฀ value฀ realized;฀ Mr.฀ Heldman:฀ 7,595฀ common฀ shares,฀ $330,307฀ value฀ realized;฀ and฀
Mr.฀Ellis:฀3,850฀common฀shares;฀$167,437฀value฀realized.
฀The฀table฀also฀includes฀the฀number฀of฀shares฀acquired฀on฀vesting฀and฀the฀value฀realized฀on฀the฀vesting฀of฀
restricted฀shares฀as฀follows:฀Mr.฀Dillon:฀112,512฀common฀shares,฀$3,944,725฀value฀realized;฀Mr.฀McMullen:฀
53,416฀common฀shares,฀$1,858,173฀value฀realized;฀Mr.฀Schlotman:฀13,396฀common฀shares,฀$471,514฀value฀
realized;฀Ms.฀Barclay:฀10,353฀common฀shares,฀$373,193,฀value฀realized;฀Mr.฀Heldman:฀26,210฀common฀
shares,฀$912,053฀value฀realized;฀and฀Mr.฀Ellis:฀12,133฀common฀shares,฀$441,563฀value฀realized.