Lexmark 2010 Annual Report Download - page 31

Equity Compensation Plan Information
The following table provides information about the Company’s equity compensation plans as of
December 31, 2010:
(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 . . . . . . . 9.7
(2)
$60.09 6.8
(3)
Equity compensation
plans not approved by
stockholders
(4)
. . . . . . 0.7 45.60 0.3
Total . . . . . . . . . . . . . . . 10.4 $59.02 7.1
(1) The numbers in this column represent the weighted average exercise price of stock options only.
(2) As of December 31, 2010, of the approximately 9.7 million awards outstanding under the equity compensation plans approved by
stockholders, there were approximately 7.7 million stock options (of which 7,400,000 are employee stock options and 307,000
are nonemployee director stock options), approximately 2.0 million restricted stock units (“RSUs”) and supplemental deferred
stock units (“DSUs”) (of which 1,865,000 are employee RSUs and supplemental DSUs and 94,000 are nonemployee director
RSUs), and 78,000 elective DSUs (of which 8,000 are employee elective DSUs and 70,000 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 6.8 million shares available, 6.5 million relate to employee plans (of which 4.3 million may be granted as full-value awards)
and 0.3 million relate to the nonemployee director plan.
(4) As of December 31, 2010, Lexmark had only one equity compensation plan which had 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.
On February 24, 2011, the Company’s Board of Directors terminated the Broad-Based Plan and cancelled the remaining
available shares that had been authorized for issuance under the Plan. As of such date, approximately 192,000 shares remained
outstanding under the Broad-Based Plan (of which approximately 148,000 are in the form of stock options and 44,000 are in the
form of RSUs).
(5) RSUs granted in 2010 were included at the target level of achievement. Refer to Part II, Item 8, Note 6 for more information.
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