Kroger 2014 Annual Report Download - page 39
Download and view the complete annual report
Please find page 39 of the 2014 Kroger annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.37
Restrictionsonrestrictedstockawardsmadetothenamedexecutiveofficersnormallylapse,solongas
theofficeristheninouremploy,inequalamountsoneachofthefiveanniversariesofthegrantdate,except
that:10,000sharesofrestrictedstockgrantedtoeachofMessrs.SchlotmanandEllisin2014vestasfollows:
2,000shareson7/15/2015,2,000shareson7/15/2016,and6,000shareson7/15/2017;andthe13,000shares
ofrestricted stock grantedtoMs.Barclay vestson7/15/2015. Any dividends declaredonKroger common
sharesarepayableonrestrictedstock.Nonqualifiedstockoptionsgrantedtothenamedexecutiveofficers
normallyvest,solongastheofficeristheninouremploy,inequalamountsoneachofthefiveanniversaries
of the grant date.
2 0 1 4 OU T S T A N D I N G E Q U I T Y A W A R D S A T F I S C A L Y E A R - E N D
Thefollowingtableprovidesinformationaboutoutstandingequity-basedincentivecompensationawards
forthenamedexecutiveofficersasoftheendoffiscal2014.Eachoutstandingawardisshownseparately.The
vesting schedule foreach award is describedinthe footnotes to thistable.The marketvalueofunvested
restrictedstockandunearnedperformanceunitsisbasedontheclosingpriceofKroger’scommonsharesof
$69.05onJanuary30,2015,thelasttradingdayoffiscal2014.
Option Awards Stock Awards
Name
Number of
Securities
Underlying
Unexercised
Options
Exercisable
(#)
Number of
Securities
Underlying
Unexercised
Options
Unexercisable
(#)
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or
Units of Stock
That Have
Not Vested
(#)
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)
Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other
Rights That
Have
Not Vested
(#)
Equity
Incentive
Plan
Awards:
Market or
Payout Value
of Unearned
Shares,
Units or
Other Rights
That Have
Not Vested
($)
W.RodneyMcMullen 75,000 — $16.39 5/5/2015 5,250(6) $ 362,513
60,000 — $19.94 5/4/2016 13,716(7) $ 947,090
60,000 — $28.27 6/28/2017 21,924(8) $1,513,852
65,000 — $28.61 6/26/2018 29,232(9) $2,018,470
65,000 — $22.34 6/25/2019 64,000(10) $4,419,200
56,000 14,000(1) $20.16 6/24/2020 56,250(11) $3,884,063
54,864 36,576(2) $24.74 6/23/2021 20,219(19) $1,437,253
38,976 58,464(3) $21.96 7/12/2022 23,438(20) $1,668,984
19,488 77,952(4) $37.76 7/15/2023
— 150,000(5) $49.33 7/15/2024
J.MichaelSchlotman 20,000 5,000(1) $20.16 6/24/2020 1,875(6) $ 129,469
27,384 18,256(2) $24.74 6/23/2021 6,846(7) $ 472,716
21,856 32,784(3) $21.96 7/12/2022 12,294(8) $ 848,901
10,928 43,712(4) $37.76 7/15/2023 16,392(9) $1,131,868
— 40,000(5) $49.33 7/15/2024 9,750(12) $ 673,238
10,000(13) $ 690,500
15,000(11) $1,035,750
11,338(19) $ 805,948
6,250(20) $ 445,063