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52 SPECTRUM BRANDS | 2006 ANNUAL REPORT
The lapse of restrictions on 11,941 of Mr. Hussey’s shares and on 7,164 of each of
Messrs. Biller’s and Burel’s shares is subject to the achievement of certain perfor-
mance goals. The restrictions on 3,980 of Mr. Hussey’s shares and 4,776 of each of
Messrs. Biller’s and Burel’s shares were scheduled to lapse on December 1, 2005;
however, the corresponding performance goals for 2005 were not met by the Company.
The restrictions on those shares were converted to time-based restrictions and lapsed
on December 1, 2006. The restrictions on 3,980 of Mr. Hussey’s shares and 4,776 of
each of Messrs. Biller’s and Burel’s shares were scheduled to lapse on December 1,
2006; however, the corresponding performance goals for 2006 were not met by the
Company. The restrictions on those shares were converted to time-based restric-
tions and will lapse on December 1, 2007. The restrictions on the remaining 3,980 of
Mr. Hussey’s shares and 4,776 of each of Messrs. Biller’s and Burel’s shares, assum-
ing the corresponding performance goals are met, are scheduled to lapse on
December 1, 2007.
The aggregate number of shares of restricted stock awarded on April 1, 2005
based on participation in our equity-based compensation plans and the aggregate
value at September 30, 2006 was as follows: Mr. Heil—25,000 shares, $211,000;
Mr. Hussey—40,000 shares, $337,600; Mr. Biller—25,000 shares, $211,000; and
Mr. Burel—25,000 shares, $211,000. With respect to the shares received by Messrs.
Hussey and Biller, the restrictions on 50% of the shares lapsed on October 1, 2006
and 50% are scheduled to lapse on October 1, 2007. With respect to the shares
received by Messrs. Heil and Burel, the restrictions on all shares are scheduled to
lapse on October 1, 2008.
The aggregate number of shares of restricted stock awarded on April 1, 2005
based on grants under Superior Achievement Award Agreements and the aggregate
value at September 30, 2006 was as follows: Mr. Heil—21,722 shares, $183,334;
Mr. Hussey—35,638 shares, $300,785; Mr. Biller—30,547 shares, $257,817; and
Mr. Burel—23,274 shares, $196,433. The restrictions on all shares granted under
Superior Achievement Award Agreements lapse on February 7, 2008 if we achieve
certain performance goals.
(19) Includes approximately $6,000 for use of a Company-owned automobile.
(20) Includes approximately $21,000 relating to personal travel and $8,000 for use of a
Company-owned automobile.
(21) Includes approximately $7,000 for use of a Company-owned automobile.
(22) Includes approximately $30,500 for use of a Company-owned automobile, $9,000 in
compensation relating to accrued, unused vacation time, $74,000 related to per-
sonal use of Company aircraft, $7,000 for fi nancial planning services and $101,500
related to a supplemental executive retirement program described below.
(23) Includes approximately $7,000 in compensation relating to accrued, unused vaca-
tion time, $19,000 for use of a Company-owned automobile, $16,500 related to per-
sonal use of Company aircraft and $94,000 related to a supplemental executive
retirement program described below.
(24) Includes approximately $124,000 related to a supplemental executive retirement
program described below and $24,000 for use of a Company-owned automobile.
There were no grants of options or stock appreciation rights
during fi scal 2006 to the Named Executive Offi cers.
2006 Form 10-K Annual Report
Spectrum Brands, Inc.
The following table sets forth information concerning options to purchase Common Stock held by the Named Executive Offi cers.
Aggregated Option Exercises in Fiscal 2006 and Fiscal Year-End Option Values
Number of Securities Value of Unexercised
Underlying Unexercised In-the-Money
Options at Options at
Shares Acquired Fiscal Year End (#) Fiscal Year End ($)(1)
Name on Exercise Value Realized $ (Exercisable/Unexercisable) (Exercisable/Unexercisable)
David A. Jones 0 $0 519,445/29,750 $604,240/$0
John A. Heil 0 $0 0/0 $0/$0
Kent J. Hussey 0 $0 220,006/12,750 $0/$0
Kenneth V. Biller 0 $0 88,213/8,500 $0/$0
Rèmy E. Burel 0 $0 8,500/8,500 $0/$0
(1) These values are calculated using the $8.44 per share closing price of the Common Stock as quoted on the NYSE on September 29, 2006, the last trading day of the Company’s
fiscal year.