Neiman Marcus 2009 Annual Report Download - page 67

Table of Contents
FISCAL YEAR 2010 GRANTS OF PLAN BASED AWARDS
The following table sets forth the non-equity incentive award that could have been payable pursuant to our annual cash
incentive plan and equity awards granted pursuant to our long-term equity plans to our named executive officers for fiscal year 2010.
All Other
Option
Awards: Grant Date
Number of Exercise or Fair Value
Estimated Possible Future Payouts Under Securities Base Price of Stock
Non-Equity Incentive Plan Awards (1) Underlying Of Option and Option
Grant Threshold Target Maximum Options Awards Awards
Name Date ($) ($) ($) (#) ($)(5) ($)(6)
Tansky, Burton M. 11-03-09 748,000 1,497,600 2,995,200 — — —
04-01-10 — — — 5,668(2) 1,000 1,606,612
10-06-05 — — — 7,269(3) 1,445 1,776,274
Katz, Karen W. 11-03-09 168,300 673,200 1,346,400 — — —
12-15-09 — — — 3,561(2) 1,000 78,431
10-06-05 — — — 5,341(3) 1,445 453,184
Skinner, James E. 11-03-09 102,180 408,720 817,440 — — —
12-15-09 — — — 1,780(2) 1,000 39,204
10-06-05 — — — 2,671(3) 1,445 226,634
Gold, James J. 11-03-09 74,880 299,520 599,040 — — —
12-15-09 — — — 1,780(2) 1,000 39,204
10-06-05 — — — 2,671(3) 1,445 226,634
Barnes, Gerald A. 11-03-09 63,750 255,000 510,000 — — —
10-05-09 — — — 2,800(4) 1,000 1,404,200
12-15-09 — — — 356(2) 1,000 7,841
10-06-05 — — — 534(3) 1,445 45,310
Footnotes:
(1) Non-equity incentive plan awards represent the threshold, target and maximum opportunities under our performance-based
incentive compensation plan for fiscal year 2010. The actual amounts earned under this plan are disclosed in the Summary
Compensation Table on page 62 of this section. For a detailed discussion of the annual incentive awards for fiscal year 2010,
see "Compensation Discussion and Analysis" beginning on page 54 of this section.
(2) Represents Accreting Options received from the exchange of underwater options at the rate of 1.5 for 1. For a detailed
discussion, see "Long Term Incentive" on page 55 of this section and "Stock Options" on page 59 of this section.
(3) Represents Fixed Price Options for which the option terms were extended in the second and third quarters of fiscal year 2010.
For a detailed discussion, see "Long Term Incentive" on page 55 of this section and "Stock Options" on page 59 of this section.
(4) Options awarded Mr. Barnes under the Management Incentive Plan pursuant to his promotion in fiscal year 2009. Half of the
award is Fixed Price Options and half is Accreting Options. The exercise price of the Accreting Options escalates at a 10%
compound rate on the first through the fifth anniversary dates of the grant. The exercise price of the Fixed Price Options is
fixed at the grant date. The options vest 20% on the first anniversary date of the grant with the remaining portion becoming
exercisable in forty-eight monthly installments over the forty-eight months following October 5, 2010, beginning on
November 5, 2010, until October 5, 2014 when the options become fully exercisable. Both the Fixed Price Options and the
Accreting Options will expire on October 5, 2017. For a detailed discussion, see "Long Term Incentive" on page 55 of this
section and "Stock Options" on page 59 of this section.
(5) Because we are privately held and there is no public market for our common stock, the fair market value of our common stock
is determined by our Compensation Committee at the time option grants are awarded. In determining the fair market value of
our common stock, the Compensation Committee considers such factors as the Company's actual and projected financial
results, the principal amount of the Company's indebtedness, valuations of the Company performed by third parties and other
factors it believes are material to the valuation process.
(6) For new option awards in fiscal year 2010, these amounts reflect the aggregate grant date fair value for the awards computed in
accordance with ASC Topic 718. For option awards in fiscal year 2010 made in connection with the Modification
Transactions, these amounts reflect the incremental aggregate grant date fair value of the modified awards over the grant date
fair value of the original awards. The assumptions used in calculating these amounts are described under the caption Stock-
Based Compensation in Note 11 to the Notes to Consolidated Financial Statements on page F-25 of this Annual Report on
Form 10-K.