Rite Aid 2016 Annual Report Download - page 126

Download and view the complete annual report

Please find page 126 of the 2016 Rite Aid annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 165

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165

RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 27, 2016, February 28, 2015 and March 1, 2014
(In thousands, except per share amounts)
16. Stock Option and Stock Award Plans (Continued)
restricted stock, stock options, phantom stock, stock bonus awards and other equity based awards at the
discretion of the Board of Directors.
In January 2007, the stockholders of Rite Aid Corporation approved the adoption of the Rite Aid
Corporation 2006 Omnibus Equity Plan. Under the plan, 50,000 shares of Rite Aid common stock are
available for granting of restricted stock, stock options, phantom stock, stock bonus awards and other
equity based awards at the discretion of the Board of Directors.
In June 2010, the stockholders of Rite Aid Corporation approved the adoption of the Rite Aid
Corporation 2010 Omnibus Equity Plan. Under the plan, 35,000 shares of Rite Aid common stock are
available for granting of restricted stock, stock options, phantom stock, stock bonus awards and other
equity based awards at the discretion of the Board of Directors. The adoption of the 2010 Omnibus
Equity Plan became effective on June 23, 2010.
In June 2012, the stockholders of Rite Aid Corporation approved the adoption of the Rite Aid
Corporation 2012 Omnibus Equity Plan. Under the plan, 28,500 shares of Rite Aid common stock are
available for granting of restricted stock, stock options, phantom stock, stock bonus awards and other
equity based awards at the discretion of the Board of Directors. The adoption of the 2012 Omnibus
Equity Plan became effective on June 21, 2012.
In June 2014, the stockholders of Rite Aid Corporation approved the adoption of the Rite Aid
Corporation 2014 Omnibus Equity Plan. Under the plan, 58,000 shares of Rite Aid common stock plus
any shares of common stock remaining available for grant under the Rite Aid Corporation 2010
Omnibus Equity Plan and the Rite Aid Corporation 2012 Omnibus Equity Plan as of the effective date
of the 2014 Plan (provided that no more than 25,000 shares may be granted as incentive stock options)
are available for granting of restricted stock, stock options, phantom stock, stock bonus awards and
other equity based awards at the discretion of the Board of Directors. The adoption of the 2014
Omnibus Equity Plan became effective on June 19, 2014.
All of the plans provide for the Board of Directors (or at its election, the Compensation
Committee) to determine both when and in what manner options may be exercised; however, it may
not be more than 10 years from the date of grant. All of the plans provide that stock options may be
granted at prices that are not less than the fair market value of a share of common stock on the date
of grant. The aggregate number of shares authorized for issuance for all plans is 61,446 as of
February 27, 2016.
126