Alaska Airlines and Horizon Air 2007 Annual Report Download - page 66

2007 OPTION EXERCISES AND STOCK VESTED
The following table presents information regarding the exercise of stock options by Named
Executive Officers during 2007, and on the vesting during 2007 of other stock awards previously
granted to the Named Executive Officers.
Option Awards Stock Awards
Name
(a)
Number of Shares
Acquired on
Exercise
(#)
(b)
Value Realized on
Exercise
($)(1)
(c)
Number of Shares
Acquired on Vesting
(#)
(d)
Value Realized
on Vesting
($)
(e)
William S. Ayer 0 0 15,400 335,720
Bradley D. Tilden 0 0 5,350 116,630
Gregg A. Saretsky 26,410 418,841 5,570 121,426
Kevin P. Finan 0 0 3,880 84,584
Jeffrey D. Pinneo 0 0 4,870 106,166
(1) The dollar amounts shown in Column (c) above for option awards are determined by multiplying (i) the number
of shares of our common stock to which the exercise of the option related, by (ii) the difference between the
per-share closing price of our common stock on the date of exercise and the exercise price of the options. The
dollar amounts shown in Column (e) above for stock awards are determined by multiplying the number of
shares or units, as applicable, that vested by the per-share closing price of our common stock on the vesting
date.
2007 PENSION BENEFITS
The following table presents information regarding the present value of accumulated benefits that
may become payable to the Named Executive Officers under our qualified and nonqualified defined-
benefit pension plans.
Name
(a)
Plan Name
(b)
Number of Years
Credit Service
(#)(1)
(c)
Present Value of
Accumulated
Benefit
($)(1)
(d)
Payments During
Last Fiscal Year
($)
(e)
William S. Ayer Salaried Retirement Plan 12.308 367,576 0
Supplemental Retirement Plan 12.398 1,545,646 0
Bradley D. Tilden Salaried Retirement Plan 16.844 354,626 0
Supplemental Retirement Plan 8.919 577,810 0
Gregg A. Saretsky Salaried Retirement Plan 9.771 218,057 0
Supplemental Retirement Plan 9.771 486,807 0
Kevin P. Finan Salaried Retirement Plan 7.458 863,690 0
Supplemental Retirement Plan 7.430 933,185 0
Jeffrey D. Pinneo(2) Salaried Retirement Plan 3.816 19,815 0
Supplementary Retirement Plan 5.920 935,670 0
(1) The years of credited service and present value of accumulated benefits shown in the table above are
presented as of December 31, 2007 assuming that each Named Executive Officer retires at normal retirement
age and that benefits are paid out in accordance with the terms of each plan described below. For a
description of the material assumptions used to calculate the present value of accumulated benefits shown
above, please see Note 8 (Employee Benefits Plans) to the Company’s Consolidated Financial Statements,
included as part of the Company’s 2007 Annual Report filed on Form 10-K with the SEC and incorporated
herein by reference.
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