Kroger 2015 Annual Report Download - page 49

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47
(1) Stock options vest on 6/23/2016.
(2) Stock options vest in equal amounts on 7/12/2016 and 7/12/2017.
(3) Stock options vest in equal amounts on 7/15/2016, 7/15/2017 and 7/15/2018.
(4) Stock options vest in equal amounts on 7/15/2016, 7/15/2017, 7/15/2018 and 7/15/2019.
(5) Stock options vest in equal amounts on 7/15/2016, 7/15/2017, 7/15/2018, 7/15/2019 and 7/15/2020.
(6) Restricted stock vests on 6/23/2016.
(7) Restricted stock vests in equal amounts on 7/12/2016 and 7/12/2017.
(8) Restricted stock vests in equal amounts on 7/15/2016, 7/15/2017 and 7/15/2018.
(9) Restricted stock vests in equal amounts on 12/12/2016, 12/12/2017 and 12/12/2018.
(10) Restricted stock vests in equal amounts on 7/15/2016, 7/15/2017, 7/15/2018 and 7/15/2019.
(11) Restricted stock vests in equal amounts on 7/15/2016, 7/15/2017, 7/15/2018, 7/15/2019 and 7/15/2020.
(12) Restricted stock vests on 12/12/2016.
(13) Restricted stock vests as follows: 4,000 shares on 7/15/2016 and 12,000 shares on 7/15/2017.
(14) Restricted stock vests in equal amounts on 9/17/2016, 9/17/2017 and 9/17/2018.
(15) Restricted stock vests in equal amounts on 1/30/2017, 1/30/2018 and 1/30/2019.
(16) Performance units granted under the 2014 Long-Term Incentive Plan are earned as of the last day
of fiscal 2016, to the extent performance conditions are achieved. Because the awards earned
are not currently determinable, the number of units and the corresponding market value, including
cash payments equal to projected dividend equivalent payments, reflect the probable outcome of
performance conditions as of fiscal year-end.
(17) Performance units granted under the 2015 Long-Term Incentive Plan are earned as of the last day
of fiscal 2017, to the extent performance conditions are achieved. Because the awards earned
are not currently determinable, the number of units and the corresponding market value, including
cash payments equal to projected dividend equivalent payments, reflect the probable outcome of
performance conditions as of fiscal year-end.
2015 Option Exercises and Stock Vested
The following table provides information for 2015 regarding stock options exercised, restricted stock
vested, and common shares issued to the NEOs pursuant to performance units earned under the 2013
Long-Term Incentive Plan.
Option Awards(1) Stock Awards(2)
Name
Number
of Shares
Acquired on
Exercise
(#)
Value
Realized on
Exercise
($)
Number
of Shares
Acquired on
Vesting
(#)
Value
Realized on
Vesting
($)
W. Rodney McMullen 150,000 $4,141,875 156,668 $6,019,970
J. Michael Schlotman ——70,808 $2,696,280
Michael J. Donnelly 36,000 $1,124,280 43,426 $1,668,288
Christopher T. Hjelm ——41,426 $1,593,233
Frederick J. Morganthall II ——43,034 $1,656,157
(1) Stock options have a ten-year life and expire if not exercised within that ten-year period. The value
realized on exercise is the difference between the exercise price of the option and the closing price
of Kroger’s common shares on the respective date(s) of exercise.