Pizza Hut 2008 Annual Report Download - page 84

23MAR200920294881
Option Awards(1) Stock Awards
Number of Number of
Securities Securities
Underlying Underlying Number of Market Value of
Unexercised Unexercised Option Shares or Units of Shares or Units of
Options Options Exercise Option Stock That Stock That
(#) (#) Price Expiration Have Not Vested Have Not Vested
Name Exercisable Unexercisable ($) Date (#)(2) ($)
(a) (b) (c) (d) (e) (g) (h)
Allan 89,420 — $11.74 1/21/2009
198,144 — $ 7.57 1/27/2010
125,132 — $ 8.39 1/25/2011
84,284 — $12.20 12/31/2011
75,316 — $13.28 1/24/2012
86,582 — $12.16 1/23/2013
76,322 — $13.10 5/15/2013
58,040 — $17.23 1/27/2014
117,188 — $17.23 1/27/2014
81,300 27,100(i) $22.53 1/28/2015
62,158 62,158(ii) $24.47 1/26/2016
24,922 74,766(iii) $29.61 1/19/2017
— 332,292(iv) $29.61 1/19/2017
— 160,628(v) $37.30 1/24/2018
——
Creed 39,541 — $12.16 1/23/2013
46,876 — $17.23 1/27/2014
40,650 13,550(i) $22.53 1/28/2015
41,439 41,439(ii) $24.47 1/26/2016
17,861 53,583(iii) $29.61 1/19/2017
— 332,292(iv) $29.61 1/19/2017
— 107,085(v) $37.30 1/24/2018
Proxy Statement
44,771 1,410,337
(1) Except as provided below, all options and SARs listed above vest at a rate of 25% per year over the
first four years of the ten-year option term. In the case of Mr. Novak, options expiring in 2011 with
option exercise prices of $5.70 and $8.62 were granted in 1996 and 1997 with an approximately 14 year
term and vested in 2006. They are now fully vested. With respect to other named executive officers,
grants with expiration dates in 2009 and 2010 as well as grants expiring on September 30, 2012 for
Mr. Su, May 15, 2013 for Mr. Allan and the first grant listed as expiring on January 27, 2014 for
Messrs. Carucci, Su and Allan were granted with 100% vesting after four years.
The actual vesting dates for unexercisable award grants are as follows:
(i) All unexercisable shares vested on January 28, 2009.
(ii) One-half of the unexercisable shares will vest on each of January 26, 2009 and 2010.
(iii) One-third of the unexercisable shares will vest on each of January 19, 2009, 2010 and 2011.
(iv) All unexercisable shares will vest on January 19, 2012.
(v) One-fourth of the unexercisable shares will vest on each of January 24, 2009, 2010, 2011 and
2012.
(vi) All unexercisable shares will vest on January 24, 2013.
(2) Amounts in this column represent RSUs that have not vested. Beginning on page 71 is a discussion of
how these restricted units are awarded and their terms.
66