Redbox 2008 Annual Report Download - page 101

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2008 Grants of Plan-Based Awards Table
The following table shows equity awards granted to our Named Executive Officers under the 1997 Amended
and Restated Equity Incentive Plan, as amended (the “1997 Plan”), for the fiscal year ended December 31, 2008.
Name
Grant
Date
Threshold
(#)
Target
(#)
Maximum
(#)
All Other
Stock
Awards:
Number of
Shares of
Stock or
Units
(#)(1)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)
Exercise
or Base
Price of
Option
Awards
($ / Sh)
Grant Date
Fair Value
of Stock
and Option
Awards
($)
Estimated Future Payouts
Under
Equity Incentive Plan Awards
David W. Cole . . . . . . . . . . . . — 3,309 6,619 9,928
2/20/08 $447,584
2/20/08 14,306 78,334 $31.94 739,473
Paul D. Davis . . . . . . . . . . . . . — 2,627 5,253 7,880
4/7/08 $308,200
4/7/08 10,000 100,000 $30.82 937,000
Brian V. Turner . . . . . . . . . . . . — 1,753 3,507 5,260
2/20/08 $231,298
2/20/08 7,388 41,506 $31.94 391,817
Donald R. Rench . . . . . . . . . . — 571 1,142 1,713
2/20/08 $ 74,777
2/20/08 2,388 13,516 $31.94 127,591
Alexander C. Camara . . . . . . . — 827 1,654 2,481
2/20/08 $102,095
2/20/08 3,255 19,578 $31.94 184,816
James C. Blakely . . . . . . . . . . — 827 1,654 2,481
2/20/08 3,255 $102,095
2/20/08 19,578 $31.94 184,816
4/1/08 4,000 114,000
(1) Includes performance-based restricted stock earned for 2007 performance as follows: Mr. Cole, 6,417 shares;
Mr. Turner, 3,208 shares; Mr. Rench, 1,027 shares; Mr. Camara, 1,283 shares; and Mr. Blakely, 1,283 shares.
Employment Agreements
David W. Cole, Chief Executive Officer. In January 2004, the Company entered into an employment
agreement with our Chief Executive Officer, David W. Cole. The agreement superseded all prior employment
agreements between Mr. Cole and the Company. Under the terms of the employment agreement, the Company
agreed to pay Mr. Cole an initial annual base salary of $346,700, subject to possible increase at the discretion of the
Compensation Committee. Mr. Cole is also eligible to receive annual cash awards (under the non-equity incentive
plan) based on the achievement of certain performance targets applicable to the award. For a description of the
severance provisions in Mr. Cole’s employment agreement, please refer to the section entitled “Elements of Post-
Termination Compensation and Benefits.”
Paul D. Davis, Chief Operating Officer. In April 2008, the Company entered into an employment agreement
with our Chief Operating Officer, Paul D. Davis. Under the terms of the employment agreement, the Company
agreed to pay Mr. Davis an initial annual base salary of $400,000, subject to possible increase at the discretion of the
Compensation Committee. Mr. Davis is also eligible to receive annual cash awards (under the non-equity incentive
plan) based on the achievement of certain performance targets applicable to the award. In addition, Mr. Davis
received a stock option grant to purchase 100,000 shares of the Company’s common stock, with an exercise price
equal to the closing price of the Company’s common stock on April 7, 2008 and a four-year vesting period, and a
grant of 10,000 shares of restricted stock, with a four-year vesting period. For a description of the severance
provisions in Mr. Davis’s employment agreement, please refer to the section below entitled “Elements of Post-
Termination Compensation and Benefits.”
19