Pizza Hut 2014 Annual Report Download - page 85

EQUITY COMPENSATION PLAN INFORMATION
The following table summarizes, as of December 31, 2014, the equity compensation plans under which we may issue shares of
stock to our directors, officers and employees under the 1999 Long Term Incentive Plan (‘‘1999 Plan’’), the 1997 Long Term
Incentive Plan (the ‘‘1997 Plan’’), SharePower Plan and Restaurant General Manager Stock Option Plan (‘‘RGM Plan’’).
Equity compensation plans approved by security holders 16,017,266(1) 46.41(2) 6,445,530(3)
Equity compensation plans not approved by security holders(4) 255,917 54.69(2) 7,730,305
TOTAL 16,273,183(1) 46.68(2) 14,175,835(3)
(1) Includes 5,329,592 shares issuable in respect of RSUs, performance units and deferred units.
(2) Weighted average exercise price of outstanding options and SARs only.
(3) Includes 3,222,765 shares available for issuance of awards of stock units, restricted stock, restricted stock units and performance share unit
awards under the 1999 Plan.
(4) Awards are made under the RGM Plan.
What are the key features of the 1999 Plan?
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The 1999 Plan provides for the issuance of up to a stock option grant or SAR under the 1999 Plan may not be
70,600,000 shares of stock as non-qualified stock options, less than the average market price of our stock on the date
incentive stock options, SARs, restricted stock, restricted of grant for years prior to 2008 or the closing price of our
stock units, performance shares or performance units. Only stock on the date of the grant beginning in 2008, and no
our employees and directors are eligible to receive awards options or SARs may have a term of more than ten years.
under the 1999 Plan. The purpose of the 1999 Plan is to The options and SARs that are currently outstanding under
motivate participants to achieve long range goals, attract the 1999 Plan generally vest over a one to four year period
and retain eligible employees, provide incentives and expire ten years from the date of the grant. Our
competitive with other similar companies and align the shareholders approved the 1999 Plan in May 1999, and the
interest of employees and directors with those of our plan as amended in 2003 and again in 2008. The
shareholders. The 1999 Plan is administered by the performance measures of the 1999 Plan were re-approved
Management Planning and Development Committee of the by our shareholders in May 2013.
Board of Directors (the ‘‘Committee’’). The exercise price of
What are the key features of the 1997 Plan?
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The 1997 Plan provides for the issuance of up to deferral plans and was originally approved by PepsiCo, Inc.
90,000,000 shares of stock. Effective January 1, 2002, only as the sole shareholder of the Company in 1997, prior to the
restricted shares could be issued under this plan. This plan spin-off of the Company from PepsiCo, Inc. on October 6,
is utilized with respect to payouts on shares from our 1997.
What are the key features of the SharePower Plan?
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The SharePower Plan provides for the issuance of up to the Committee. The exercise price of a stock option or SAR
28,000,000 shares of stock. The SharePower Plan allows grant under the SharePower Plan may not be less than the
us to award non-qualified stock options, SARs, restricted closing price of our stock on the date of the grant and no
stock and restricted stock units. Employees, other than option or SAR may have a term of more than ten years. The
executive officers, are eligible to receive awards under the options that are currently outstanding under the
SharePower Plan. The SharePower Plan is administered by SharePower Plan generally vest over a one to four year
2015 Proxy Statement YUM! BRANDS, INC. 63
Number of Weighted- Number of Securities
Securities To Average Remaining Available for
be Issued Upon Exercise Price Future Issuance Under
Exercise of of Outstanding Equity Compensation
Outstanding Options, Plans (Excluding
Options, Warrants Warrants and Securities Reflected in
Plan Category and Rights Rights Column (a))
(a) (b) (c)
Proxy Statement