Pizza Hut 2009 Annual Report Download - page 71

21MAR201012032309
Option Awards(1) Stock Awards
Equity
incentive
Equity plan
incentive awards:
plan market or
awards: payout
Number of value of
Number of Number of Number of Market Value unearned unearned
Securities Securities Shares or of Shares shares, shares,
Underlying Underlying Units of or Units units or units or
Unexercised Unexercised Option Stock That of Stock other rights other rights
Name and Options Options Exercise Option Have Not That Have that have that have
Principal (#) (#) Price Expiration Vested Not Vested not vested not vested
Position Exercisable Unexercisable ($) Date (#)(2) ($)(3) (#)(4) ($)(3)
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Allan 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
108,400 — $22.53 1/28/2015
93,237 31,079(i) $24.47 1/26/2016
49,844 49,844(ii) $29.61 1/19/2017
— 332,292(iii) $29.61 1/19/2017
40,157 120,471(iv) $37.30 1/24/2018
— 202,977(vi) $29.29 2/5/2019
89,459 3,128,381 21,536 753,114
Creed 46,876 — $17.23 1/27/2014
54,200 — $22.53 1/28/2015
62,158 20,720(i) $24.47 1/26/2016
35,722 35,722(ii) $29.61 1/19/2017
— 332,292(iii) $29.61 1/19/2017
26,771 80,314(iv) $37.30 1/24/2018
Proxy Statement
— 169,148(vi) $29.29 2/5/2019
55,474 1,939,926 13,546 473,704
(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. Grants with expiration dates in 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 the unexercisable shares will vest on January 26, 2010.
(ii) One-half of the unexercisable shares will vest on each of January 19, 2010 and 2011.
(iii) All unexercisable shares will vest on January 19, 2012.
(iv) One-third of the unexercisable shares will vest on each of January 24, 2010, 2011 and 2012.
(v) All unexercisable shares will vest on January 24, 2013.
(vi) One-fourth of the unexercised shares will vest on each of February 5, 2010, 2011, 2012 and 2013.
(2) Amounts in this column represent RSUs that have not vested. Beginning on page 58 is a discussion of how these
restricted units are awarded and their terms; except, however, in the case of Mr. Novak in which the
194,877 RSUs represent a 2008 retention award (including accrued dividends) that vests after 4 years.
(3) The market value of these awards are calculated by multiplying the number of shares covered by the award by
$34.97, the closing price of YUM stock on the NYSE on December 31, 2009.
(4) The awards reflected in this column are unvested performance-based PSUs that are scheduled to be paid out on
March 27, 2012 if the performance targets and vesting requirements are met. In accordance with SEC rules, the
PSU awards are reported at maximum.
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