Neiman Marcus 2012 Annual Report Download - page 67

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 August 3, 2013.
Option Awards
Name
Number of Securities
Underlying
Unexercised Options
(#) Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
Option
Exercise Price
($)(1)
Option
Expiration
Date
Karen W. Katz 5,341 —(2) 1,227.50(2) 12-15-2017
2,003 —(3) 1,091.75(3) 12-15-2017
1,187 371(3) 852.50(3) 12-15-2017
1,523 —(4) 1,358.50(4) 09-30-2017
1,523 1,254(4) 1,141.00(4) 09-30-2017
578 1,000(5) 1,556.50(5) 10-01-2018
1,075 1,856(6) 1,415.00(6) 10-01-2018
— 1,450(7) 2,025.00(7) 11-07-2019
James E. Skinner 2,671 —(2) 1,227.50(2) 12-15-2017
1,001 —(3) 1,091.75(3) 12-15-2017
593 186(3) 852.50(3) 12-15-2017
779 —(4) 1,358.50(4) 09-30-2017
779 642(4) 1,141.00(4) 09-30-2017
313 540(5) 1,556.50(5) 10-01-2018
581 1,003(6) 1,415.00(6) 10-01-2018
—650(7) 2,025.00(7) 11-07-2019
James J. Gold 2,671 —(2) 1,227.50(2) 12-15-2017
1,001 —(3) 1,091.75(3) 12-15-2017
593 186(3) 852.50(3) 12-15-2017
779 —(4) 1,358.50(4) 09-30-2017
779 642(4) 1,141.00(4) 09-30-2017
313 540(5) 1,556.50(5) 10-01-2018
581 1,003(6) 1,415.00(6) 10-01-2018
— 850(7) 2,025.00(7) 11-07-2019
John E. Koryl 513 887(5) 1,556.50(5) 10-01-2018
953 1,647(6) 1,415.00(6) 10-01-2018
—550(7) 2,025.00(7) 11-07-2019
Joshua G. Schulman 204 671(8) 1,993.20(8) 05-25-2019
379 1,246(9) 1,812.00(9) 05-25-2019
—400(7) 2,025.00(7) 11-07-2019
(1) The exercise prices of all outstanding stock options granted under the Management Incentive Plan prior to the declaration of the 2012 Dividend were
adjusted following the declaration of the 2012 Dividend on March 28, 2012. The exercise prices of the unvested Fixed Price Options and unvested
Accreting Options were reduced by the amount of the 2012 Dividend, or by $435. The exercise prices of the vested Fixed Price Options and vested
Accreting Options were reduced by 50% of the 2012 Dividend, or by $217.50. The exercise prices of the vested and unvested Accreting Options will
continue to accrete in accordance with the terms of the Management Incentive Plan based on the adjusted exercise prices. For a detailed discussion, see
“Long-Term Incentives” on page 54.
(2) Nonqualified stock options designated as Fixed Price Options granted on November 29, 2005 at the initial exercise price of $1,445 per share, adjusted to
$1,227.50 following the 2012 Dividend declaration on March 28, 2012, which vested 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 became fully vested on October 6, 2010.
(3) Nonqualified stock options designated as Accreting Options exchanged in a tender offer for underwater options at the ratio of 1.5 to 1 on December 15,
2009 which vested 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 1) the exercise of the option, 2) December 15, 2013, or 3) 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