Neiman Marcus 2009 Annual Report Download - page 69

Table of Contents
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END
The following table sets forth certain information regarding the total number and aggregate value of stock options held by
each of our named executive officers at July 31, 2010.
Option Awards
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Option
Exercise
Price
($)
Option
Expiration
Date
Burton M. Tansky 3,742 — 361.25 10-06-2015
1,465 — 361.25 10-06-2015
2,076 — 354.03 10-06-2015
7,269 —(1) 1,445.00 10-06-2015
— 5,668(2) 1,000.00(2) 10-06-2015
Karen W. Katz 5,074 267(3) 1,445.00 12-15-2017
— 3,561(4) 1,000.00(4) 12-15-2017
James E. Skinner 2,537 134(3) 1,445.00 12-15-2017
— 1,780(4) 1,000.00(4) 12-15-2017
James J. Gold 2,537 134(3) 1,445.00 12-15-2017
— 1,780(4) 1,000.00(4) 12-15-2017
Gerald A. Barnes 507 27(3) 1,445.00 12-15-2017
— 356(4) 1,000.00(4) 12-15-2017
— 1,400(5) 1,000.00 10-05-2017
— 1,400(5) 1,000.00(5) 10-05-2017
Footnotes:
(1) Nonqualified stock options granted November 29, 2005 vested with respect to 460 shares on the first anniversary date of
October 6, 2005 and thereafter on the subsequent three anniversary dates of October 6, 2005 with respect to 2,270 shares.
(2) Nonqualified stock options exchanged for underwater options at the ratio of 1.5 to 1 on April 1, 2010, which vests 25% on the
first anniversary of December 15, 2010 and thereafter in thirty-six equal monthly installments over the thirty-six months
following December 15, 2010 beginning on January 15, 2011 and becoming fully vested on December 15, 2013. The options
were granted at the initial exercise price of $1,000 per share which will increase at a 10% compound rate on each anniversary
of December 15, 2010 until the earlier to occur of (i) the exercise of the option, (ii) December 15, 2013, or (iii) the occurrence
of a change of control, or in the event the equity investors sell a portion of their investment, with respect to a portion of the
options bearing the same ratio as the portion of the equity investor's equity sold. On December 15, 2010, the option price will
increase to $1,100 per share.
(3) Nonqualified stock options granted on November 29, 2005 at the exercise price of $1,445 per share which vests 20% on the
first anniversary of October 6, 2005 and thereafter in forty-eight equal monthly installments over the forty-eight months
following the first anniversary of October 6, 2005, beginning on the one-month anniversary of such first anniversary and
becoming fully vested on October 6, 2010, subject to earlier vesting in certain circumstances following a change in control.
(4) Nonqualified stock options exchanged in a tender offer for underwater options at the ratio of 1.5 to 1 on December 15, 2009
which vests 25% on the first anniversary of December 15, 2009 and thereafter in thirty-six equal monthly installments over the
thirty-six months following the first anniversary of December 15, 2009, beginning on January 15, 2011 and becoming fully
vested on December 15, 2013. The options were granted at the initial exercise price of $1,000 per share which will increase at a
10% compound rate on each anniversary of December 15, 2009 until the earlier to occur of (i) the exercise of the option,
(ii) December 15, 2013, or (iii) the occurrence of a change of control, or in the event the equity investors sell a portion of their
investment, with respect to a portion of the options bearing the same ratio as the portion of the equity investor's equity sold. On
December 15, 2010, the option price will increase to $1,100 per share.
(5) Nonqualified stock options granted on October 5, 2009 at the exercise price of $1,000 per share which vests 20% on the first
anniversary of October 5, 2009 and thereafter in forty-eight equal monthly installments over the forty-eight months following
the first anniversary of October 5, 2009, beginning on the one-month anniversary of such first anniversary and becoming fully
vested on October 5, 2014. The options were granted at the initial exercise price of $1,000 per share which will increase at a
10% compound rate on each anniversary of October 5, 2009 until the earlier to occur of (i) the exercise of the option,
(ii) October 5, 2014, or (iii) the occurrence of a change of control, or in the event the equity investors sell a portion of their
investment, with respect to a portion of the options bearing the same ratio as the portion of the equity investor's equity sold. On
October 5, 2010, the option price will increase to $1,100 per share.
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