Neiman Marcus 2014 Annual Report Download - page 77

Table of Contents
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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 the end of fiscal year 2015.


























Karen W. Katz
5,699
—
(1) —
363.08
(1) 9/30/2017
9,211
—
(1) —
450.26
(1) 10/1/2018
4,556
—
(1) —
644.37
(1) 11/7/2019
5,020
20,079
(2) —
1,000.00
(2) 11/5/2023
—
—
25,099
(3) 1,000.00
(3) 11/5/2023
Donald T. Grimes
—
5,500
(4) —
1,205.00
(4) 7/21/2025
—
—
5,500
(5) 1,205.00
(5) 7/21/2025
James J. Gold
1,375
—
(1) —
363.08
(1) 9/30/2017
4,979
—
(1) —
450.26
(1) 10/1/2018
2,671
—
(1) —
644.37
(1) 11/7/2019
1,614
6,454
(2) —
1,000.00
(2) 11/5/2023
—
—
8,067
(3) 1,000.00
(3) 11/5/2023
John E. Koryl
5,164
—
(1) —
450.26
(1) 10/1/2018
896
3,586
(2) —
1,000.00
(2) 11/5/2023
—
—
4,483
(3) 1,000.00
(3) 11/5/2023
Joshua G. Schulman
3,407
—
(1)
576.59
(1) 5/25/2019
896
3,586
(2)
1,000.00
(2) 11/5/2023
—
—
4,483
(3) 1,000.00
(3) 11/5/2023
James E. Skinner
1,551
—
(1) —
363.08
(1) 9/30/2017
4,979
—
(1) —
450.26
(1) 10/1/2018
2,042
—
(1) —
644.37
(1) 11/7/2019
1,165
2,331
(2)(6) —
1,000.00
(2) 11/5/2023
(1) Non‑qualified Co‑Invest Stock Options rolled over from Predecessor stock options as a result of the Acquisition with number of options and exercise
prices adjusted pursuant to an exchange ratio. The Co‑Invest Stock Options are fully vested and exercisable at any time prior to the expiration dates
related to the original grant of the Predecessor stock options. Co‑Invest Stock Options and Predecessor stock options are more fully described in the
sections entitled “Co‑Invest Stock Options” and “Predecessor Stock Options.”
(2) Non‑qualified stock options designated as time‑vested stock options granted pursuant to the Management Incentive Plan on November 5, 2013 at an
exercise price of $1,000. Each grant of time‑vested stock options consists of options to purchase an equal number of shares of Class A Common
Stock and Class B Common Stock. 20% of the time‑vested non‑qualified options vest and become exercisable on each of the first five anniversaries
of the closing date of the Acquisition, resulting in such options becoming fully vested and exercisable on October 25, 2018. The time‑vested stock
options expire on the tenth anniversary of the grant date.
(3) Non‑qualified stock options designated as performance‑vested stock options granted pursuant to the Management Incentive Plan on November 5,
2013 at an exercise price of $1,000. The performance‑vested options vest on the achievement of certain performance hurdles. The
performance‑vested options vest when the amount of capital returned to the Sponsors (at least 50% of which is in cash) exceeds the applicable
multiple of the capital invested by the Sponsors, and the internal rate of return exceeds 15%. The applicable multiple with respect to 40% of the
performance‑vested options is 2.0x, with respect to 30% of the performance‑vested options is 2.25x and with respect to 30% of the
performance‑vested options is 2.75x. If the named executive’s officer employment is terminated by us without cause or by the named executive
officer for good reason, the performance-vested stock options will be eligible to vest in connection with a change in control or initial public offering
for 180 days following such termination. If Ms. Katz's employment is terminated as a result of her retirement after the third anniversary of the grant
date, certain
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