Neiman Marcus 2004 Annual Report Download - page 58

Based on a total of 569,161 shares subject to options granted to employees under the 1997 Plan during fiscal year 2005.
In accordance with SEC rules, the dollar amounts under these columns are not intended to forecast possible future appreciation, if any, of the
Company's stock price.
AGGREGATED OPTION EXERCISES IN LAST FISCAL YEAR AND FISCAL YEAR-END OPTION VALUES
Number of Securities
Underlying Unexercised
Options at July 30, 2005 (#)
Value of Unexercised
In-the-Money Options at July 30, 2005 ($)(1)
Name
Shares
Acquired on
Exercise (#)
Value
Realized ($) Exercisable Unexercisable Exercisable Unexercisable
Burton M. Tansky 0 0 313,600 175,600 22,311,825 10,931,525
Karen M. Katz 11,000 458,554 47,500 99,000 3,066,469 6,285,475
James E. Skinner 0 0 20,000 61,000 1,384,600 3,863,170
Brendan L. Hoffman 0 0 7,300 93,242 501,112 4,916,545
James J. Gold 2,300 64,250 0 28,600 0 1,591,680
The value of unexercised in-the-money options is calculated by multiplying the number of underlying shares by the difference between the closing
price of the Company's Class A common stock on the NYSE at fiscal 2005 year-end ($98.50) less the option exercise price for those shares. These
values have not been realized.
PENSION PLAN TABLE
We maintain a funded, qualified pension plan known as The Neiman Marcus Group, Inc. Retirement Plan (the "Retirement Plan"). Most non-union
employees over age 21 who have completed one year of service with 1,000 or more hours participate in the Retirement Plan, which pays benefits upon
retirement or termination of employment. The Retirement Plan is a "career-average" plan, under which a participant earns each year a retirement annuity equal
to 1 percent of his or her compensation for the year up to the Social Security wage base and 1.5 percent of his or her compensation for the year in excess of
such wage base. Benefits under the Retirement Plan become fully vested after five years of service with us.
We also maintain a Supplemental Executive Retirement Plan (the "SERP"). The SERP is an unfunded, nonqualified plan under which benefits are paid
from our general assets to supplement Retirement Plan benefits and Social Security. Executive, administrative and professional employees (other than those
employed as salespersons) with an annual base salary at least equal to a minimum established by the Company ($160,000 as of July 30, 2005) are eligible to
participate. At normal retirement age (age 65), a participant with 25 or more years of service is entitled to payments under the SERP sufficient to bring his or
her combined annual benefit from the Retirement Plan and SERP, computed as a straight life annuity, up to 50 percent of the participant's highest consecutive
60 month average of annual pensionable earnings, less 60 percent of his or her estimated annual primary Social Security benefit. If the participant has fewer
than 25 years of service, the combined benefit is proportionately reduced. Benefits under the SERP become fully vested after five years of service with us.
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