Pizza Hut 2010 Annual Report Download - page 77

9MAR201101440694
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
Options Options Exercise Option Have Not That Have that have that have
(#) (#) Price Expiration Vested Not Vested not vested not vested
Name Exercisable Unexercisable ($) Date (#)(2) ($)(3) (#)(4) ($)(3)
(a) (b) (c) (d) (e) (f) (g) (h) (i)
Allan 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
124,316 — $24.47 1/26/2016
74,766 24,922(i) $29.61 1/19/2017
— 332,292(vi) $29.61 1/19/2017
80,314 80,314(ii) $37.30 1/24/2018
50,744 152,233(iii) $29.29 2/5/2019
— 172,118(iv) $32.98 2/5/2020
— — 40,336 1,978,481
Bergren 52,032 — $22.53 1/28/2015
62,158 — $24.47 1/26/2016
53,583 17,861(i) $29.61 1/19/2017
66,928 66,928(ii) $37.30 1/24/2018
33,829 101,489(iii) $29.29 2/5/2019
— 67,659(vii) $29.29 2/5/2019
— 81,756(iv) $32.98 2/5/2020
— — 23,420 1,148,751
Proxy Statement
(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 19, 2011.
(ii) One-half of the unexercisable shares will vest on each of January 24, 2011 and 2012.
(iii) One-third of the unexercisable shares will vest on each of February 5, 2011, 2012 and 2013.
(iv) One-fourth of the unexercised shares will vest on each of February 5, 2011, 2012, 2013 and 2014.
(v) All unexercisable shares will vest on January 24, 2013.
(vi) All unexercisable shares will vest on January 19, 2012.
(vii) All unexercisable shares will vest on February 5, 2013.
(2) Amounts in this column represent RSUs that have not vested. Beginning on page 63 is a discussion of how these
restricted units are awarded and their terms; except, however, in the case of Mr. Novak in which the 199,100
RSUs represent a 2008 retention award (including accrued dividends) that vests after 4 years and Mr. Su in
which 173,137 RSUs represent a 2010 retention award (including accrued dividends) that vests after 5 years.
(3) The market value of these awards are calculated by multiplying the number of shares covered by the award by
$49.05, the closing price of YUM stock on the NYSE on December 31, 2010.
(4) The awards reflected in this column are unvested performance-based PSUs that are scheduled to be paid out on
March 27, 2012 or February 5, 2013 if the performance targets and vesting requirements are met. In accordance
with SEC rules, the PSU awards are reported at their maximum payout value.
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