Allstate 2008 Annual Report Download - page 61

GRANTS OF PLAN-BASED AWARDS AT FISCAL YEAR-END 2008(1)
The following table provides information about non-equity incentive plan awards and equity awards
granted to our named executives during the fiscal year 2008.
All Other
Stock All Other
Awards: Option
Number Awards: Exercise
Estimated Future Payouts of Number of or Base
Under Non-Equity Incentive Grant Date
Shares Securities Price of
Plan Awards
(2)
Fair Value ($)
(4)
of Stock Underlying Option
Threshold Target Maximum or Units Options Awards Stock Option
Name Grant Date Plan Name ($) ($) ($) (#) (#) ($/Shr)
(3)
Awards Awards
Mr. Wilson — Long-term cash incentive, 0 1,488,000 4,464,000
2008-2010 cycle
— Annual cash incentive 338,400 1,152,000 3,456,000
Feb. 26, 2008 Restricted stock units — — — 36,705 1,791,938
Feb. 26, 2008 Stock options — — — 338,316 $48.82 3,393,309
Mr. Civgin — Long-term cash incentive, 0 339,142 1,017,425
2008-2010 cycle
— Annual cash incentive 40,611 138,251 414,754
Sept. 8, 2008 Restricted stock units
(5)
— — — 6,300 292,824
Sept. 8, 2008 Stock options
(5)
— — — 65,000 $46.48 594,100
Ms. Mayes — Long-term cash incentive, 0 367,500 1,102,500
2008-2010 cycle
— Annual cash incentive 107,953 367,500 1,102,500
Feb. 26, 2008 Restricted stock units — — — 7,800 380,796
Feb. 26, 2008 Stock options — — — 72,100 $48.82 723,163
Mr. Ruebenson — Long-term cash incentive, 0 625,008 1,875,024
2008-2010 cycle
— Annual cash incentive 56,251 562,507 1,687,522
Feb. 26, 2008 Restricted stock units — — — 13,500 659,070
Feb. 26, 2008 Stock options — — — 124,400 $48.82 1,247,732
Mr. Simonson — Long-term cash incentive, 0 500,198 1,500,595
2008-2010 cycle
— Annual cash incentive 250,099 500,198 1,500,595
Feb. 26, 2008 Restricted stock units — — — 11,600 566,312
Feb. 26, 2008 Stock options — — — 107,300 $48.82 1,076,219
Mr. Hale — Long-term cash incentive, 0 40,064 120,193
2008-2010 cycle
— Annual cash incentive 35,601 121,196 363,589
Feb. 26, 2008 Restricted stock units — — — 1,900 92,758
Feb. 26, 2008 Stock options — — — 17,400 $48.82 174,522
Mr. Pilch — Long-term cash incentive, 0 155,602 466,805
2008-2010 cycle
— Annual cash incentive 57,135 194,502 583,506
Feb. 26, 2008 Restricted stock units — — — 3,300 161,106
Feb. 26, 2008 Stock options — — — 30,700 $48.82 307,921
Sept. 8, 2008 Restricted stock units
(6)
— — — 7,000 325,360
Sept. 8, 2008 Stock options
(6)
— — — 22,000 $46.48 201,080
(1) Awards under the Annual Covered Employee Incentive Compensation Plan, the Annual Executive Incentive Compensation Plan, the Long-Term Executive
Incentive Compensation Plan, and the 2001 Equity Incentive Plan.
(2) Mr. Civgin’s award has been prorated to reflect his effective hire date as of September 8, 2008 and Mr. Hale’s award has been prorated to reflect his
retirement as of March 31, 2008. Because Mr. Civgin was guaranteed an annual cash incentive award at target, a portion of it has been reported as bonus
in the Summary Compensation Table.
(3) The exercise price of each option is equal to the fair market value of Allstate’s common stock on the date of grant. Fair market value is equal to the closing
sale price on the date of grant or, if there was no such sale on the date of grant, then on the last previous day on which there was a sale.
(4) The aggregate grant date fair value of restricted stock unit and stock option awards for 2008, computed in accordance with FAS123R. The assumptions
used in the valuation are discussed in note 17 to our audited financial statements for 2008.
(5) Stock options and restricted stock units awarded as a new hire grant.
(6) Stock options and restricted stock units awarded for serving as Acting Chief Financial Officer and Vice President for the period of March 3, 2008 through
September 8, 2008.
The following discussion of incentive compensation for 2008 elaborates on the more general information provided
above in the CD&A.
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Proxy Statement