Lexmark 2008 Annual Report Download - page 28

Equity Compensation Plan Information
The following table provides information about the Company’s equity compensation plans as of
December 31, 2008:
(Number of Securities in Millions)
Plan Category
Number of Securities to be
Issued Upon Exercise of
Outstanding Options,
Warrants and Rights
Weighted Average Exercise
Price of Outstanding
Options, Warrants and
Rights
(1)
Number of Securities
Remaining Available for Future
Issuance Under Equity
Compensation Plans
Equity compensation
plans approved by
stockholders . . . . . . . 11.3
(2)
$67.62 4.7
(3)
Equity compensation
plans not approved by
stockholders
(4)
. . . . . 0.7 45.37 0.3
Total . . . . . . . . . . . . . . . 12.0 $66.16 5.0
(1) The numbers in this column represent the weighted average exercise price of stock options only.
(2) As of December 31, 2008, of the approximately 11.3 million awards outstanding under the equity compensation plans approved
by stockholders, there were approximately 9.8 million stock options (of which 9,395,000 are employee stock options and 398,000
are nonemployee director stock options), 1.4 million restricted stock units (“RSUs”) and supplemental deferred stock units
(“DSUs”) (of which 1,396,000 are employee RSUs and supplemental DSUs and 7,000 are nonemployee director RSUs), and
73,000 elective DSUs (of which 21,000 are employee elective DSUs and 52,000 are nonemployee director elective DSUs) that
pertain to voluntary elections by certain members of management to defer all or a portion of their annual incentive compensation
and by certain nonemployee directors to defer all or a portion of their annual retainer, chair retainer and/or meeting fees, that
would have otherwise been paid in cash.
(3) Of the 4.7 million shares available, 4.3 million relate to employee plans (of which 1.6 million may be granted as full-value awards)
and 0.4 million relate to the nonemployee director plan.
(4) Lexmark has only one equity compensation plan which has not been approved by its stockholders, the Lexmark International, Inc.
Broad-Based Employee Stock Incentive Plan (the “Broad-Based Plan”). The Broad-Based Plan, which was established on
December 19, 2000, provides for the issuance of up to 1.6 million shares of the Company’s common stock pursuant to stock
incentive awards (including stock options, stock appreciation rights, performance awards, RSUs and DSUs) granted to the
Company’s employees, other than its directors and executive officers. The Broad-Based Plan expressly provides that the
Company’s directors and executive officers are not eligible to participate in the Plan. The Broad-Based Plan limits the number of
shares subject to full-value awards (e.g., restricted stock units and performance awards) to 50,000 shares. The Company’s board
of directors may at any time terminate or suspend the Broad-Based Plan, and from time to time, amend or modify the Broad-
Based Plan, but any amendment which would lower the minimum exercise price for options and stock appreciation rights or
materially modify the requirements for eligibility to participate in the Broad-Based Plan, requires the approval of the Company’s
stockholders. In January 2001, all employees other than the Company’s directors, executive officers and senior managers, were
awarded stock options under the Broad-Based Plan. All 0.7 million awards outstanding under the equity compensation plan not
approved by stockholders are in the form of stock options.
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