Priceline 2010 Annual Report Download - page 55

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53
upon termination or change of control assuming the event occurred on December 31, 2010, the last day of the
Company’s most recently-completed fiscal year. However, the payments to named executive officers could
differ, in some instances materially, if the triggering event were to occur on or after January 1, 2011.
Equity Plans
The Company has one primary equity compensation plan: the 1999 Omnibus Plan, as amended, (the
“Plan”). Under the terms of the Plan, the Compensation Committee of the Board of Directors is granted broad
authority to, among other things, grant equity awards and determine the terms, conditions and restrictions
relating to those equity awards.
The table below presents information as of December 31, 2010 on the Plan:
Plan Category
Number of securities
to be issued upon
exercise of outstanding
options, warrants and
rights(1)
Weighted-average
exercise price of
outstanding
options, warrants
and rights
Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding securities
reflected in the first
column)
Equity Compensation plans
approved by security holders
1999 Omnibus Plan 349,417 $23.68 806,763
Equity Compensation plans not
approved by security holders
2000 Plan(2) 6,051 $18.78 0
Total: 355,468 $23.59 806,763
(1) Excludes an aggregate of 1,688,910 unvested shares of restricted stock, unvested restricted stock units
and unvested performance share units outstanding at December 31, 2010. With respect to performance
share units, this table assumes that the maximum number of shares underlying the performance share
units will be issued at the end of the relevant performance periods. The actual number of shares to be
issued, if any, has not been determined and will be determined based on the relevant performance
criteria over the applicable performance periods.
(2) The 2000 Plan was adopted in connection with the Company’s turnaround in 2000. The 2000 Plan
expired in November 2010, although the stock options shown in the table remain outstanding.