Neiman Marcus 2013 Annual Report Download - page 76

Table of Contents

Each exercise of stock options for our named executive officers that occurred during fiscal year 2014 occurred in connection with the Acquisition.
As a result, the following table lists the value realized by our named executive officers as a result of the vesting of unvested Predecessor stock options on the
effective date of the Acquisition and the settlement and cancellation of all Predecessor stock options (other than the Co-Invest Stock Options) in exchange
for an amount equal to the excess of the per share merger consideration over the exercise prices of such stock options.








Karen W. Katz
12,966
24,808,200
James E. Skinner
7,010
13,417,384
James J. Gold
7,066
13,529,412
John E. Koryl
2,907
4,270,356
Joshua G. Schulman
1,816
2,172,126
(1) Represents the number of shares underlying Predecessor stock options that were settled and cancelled in exchange for an amount equal to the excess
of the per share merger consideration over the exercise prices of such stock options in connection with the Acquisition. Any unvested Predecessor
stock options accelerated and vested on the effective date of the Acquisition in accordance with their terms.

The following table sets forth certain information with respect to retirement payments and benefits under the Pension Plan and the SERP Plan for
each of our named executive officers.
















Karen W. Katz
Pension Plan
25
(3)
515,000
—
SERP Plan
26
(3)
4,329,000
—
James E. Skinner
Pension Plan
7
(4)
198,000
—
SERP Plan
7
(4)
636,000
—
James J. Gold
Pension Plan
17
(4)
219,000
—
SERP Plan
17
(4)
622,000
—
John E. Koryl
Pension Plan
—
—
—
SERP Plan
—
—
—
Joshua G. Schulman
Pension Plan
—
—
—
SERP Plan
—
—
—
(1) Computed as of August 2, 2014, which is the same pension measurement date used for financial statement reporting purposes with respect to our
Consolidated Financial Statements and notes thereto.
(2) For purposes of calculating the amounts in this column, retirement age was assumed to be the normal retirement age of the later of age 65 or the fifth
anniversary of the individual’s date of hire, as defined in the Pension Plan. A description of the valuation method and all material assumptions
applied in quantifying the present value of accumulated benefit is set forth in Note 10 of the Notes to Consolidated Financial Statements.
(3) Pursuant to the terms of Ms. Katz’s employment agreement, she will be entitled to an additional one year of credit for each full year of service after she
has reached the 25-year maximum set forth in the SERP Plan with all service frozen as of December 31, 2010. In addition, if her employment is
terminated by us for any reason other than death, “disability,” “cause” or for non-renewal of her employment term, or if she terminates her
employment with us for “good reason” or “retirement” and she has not yet reached 65, her SERP Plan benefit will not be reduced solely by reason of
her failure to reach 65 as of the termination date. Ms. Katz’s employment agreement also provides that the amount credited to her under the DC SERP
shall not be less than the present value of the additional benefits she would have
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