Kroger 2014 Annual Report Download - page 41
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(4) Stockoptionsvestinequalamountson7/15/2015,7/15/2016,7/15/2017and7/15/2018.
(5) Stockoptionsvestinequalamountson7/15/2015,7/15/2016,7/15/2017,7/15/2018and7/15/2019.
(6) Restrictedstockvestson6/24/2015.
(7) Restrictedstockvestsinequalamountson6/23/2015and6/23/2016.
(8) Restrictedstockvestsinequalamountson7/12/2015,7/12/2016and7/12/2017.
(9) Restrictedstockvestsinequalamountson7/15/2015,7/15/2016,7/15/2017and7/15/2018.
(10) Restrictedstockvestsinequalamountson12/12/2015,12/12/2016,12/12/2017and12/12/2018.
(11) Restrictedstockvestsinequalamountson7/15/2015,7/15/2016,7/15/2017,7/15/2018and7/15/2019.
(12)Restrictedstockvestsasfollows:3,250shareson12/12/2015and6,500shareson12/12/2016.
(13) Restrictedstockvestsasfollows:2,000shareson7/15/2015,2,000shareson7/15/2016and6,000shares
on7/15/2017.
(14) Restrictedstockvestson12/6/15.
(15) Restrictedstockvestson7/12/2015.
(16) Restrictedstockvestson7/15/2015.
(17) Restrictedstockvestsasfollows:3,250shareson12/17/2015and6,500shareson12/17/2016.
(18)Restrictedstockvestsinequalamountson7/12/2015and7/12/2016.
(19)Performanceunits grantedunderthe2013 Long-TermIncentivePlanare earned asofthe last dayof
fiscal year 2015, to the extent performance conditions are achieved. Because the awards earned are
notcurrentlydeterminable,thenumberofunitsandthecorrespondingmarketvalue,includingcash
paymentsequaltoprojecteddividendequivalentpayments,reflecttheprobableoutcomeofperformance
conditionsasoffiscalyear-end.Assumingthatthehighestlevelofperformanceconditionsisachieved,
thenumberofunitspayableandthemarketvalue,includingcashpaymentsequaltoprojecteddividend
equivalentpayments,areasfollows:Mr.McMullen:24,360units,$1,731,631;Mr.Schlotman:13,660units,
$971,021;Mr.Ellis:6,340units,$450,679;Ms.Barclay:8,260units,$587,162;Mr.Donnelly:6,340units,
$450,679;andMr.Dillon:51,677units,$3,673,460.Duetohisretirement,Mr.Dillon’sperformanceunits
areproratedforservicecreditedthroughFebruary28,2015andthatproratedamountisreflectedin
thetable.
(20) Performanceunitsgrantedunderthe 2014 Long-TermIncentivePlan are earned asofthelast dayof
fiscal year 2016, to the extent performance conditions are achieved. Because the awards earned are
notcurrentlydeterminable,thenumberofunitsandthecorrespondingmarketvalue,includingcash
paymentsequaltoprojecteddividendequivalentpayments,reflecttheprobableoutcomeofperformance
conditionsasoffiscalyear-end.Assumingthatthehighestlevelofperformanceconditionsisachieved,
thenumberofunitspayableandthemarketvalue,includingcashpaymentsequaltoprojecteddividend
equivalentpayments,areasfollows:Mr.McMullen:37,500units,$2,670,375;Mr.Schlotman:10,000units,
$712,100;Mr.Ellis:11,250units,$801,113;Ms.Barclay:8,750units,$623,088;Mr.Donnelly:7,500units,
$534,075;andMr.Dillon:13,462units,$958,629.Duetohisretirement,Mr.Dillon’sperformanceunits
areproratedforservicecreditedthroughFebruary28,2015andthatproratedamountisreflectedin
thetable.
(21) Bythetermsofourstockoptionawardagreementsand2013and2014restrictedstockawardagreements,
ifaparticipantretiresafterreachingage62withatleast5yearsofservice,vestingoftheawardswill
continueontheregularscheduleandstockoptionswillremainexercisablethroughtheoriginalterm,
providedtheparticipantdoesnotprovideservicestoacompetitorofours.Mr.Dillonhasmettheage
andservicerequirementsandaccordingly,hisstockoptionsandhis2013and2014restrictedawardswill
continuetovestaccordingtotheiroriginalscheduleandtheoptionswillremainexercisablethrough
their original term. As described in the Compensation Discussion and Analysis section, Mr. Dillon’s