Allstate 2008 Annual Report Download - page 66

Option Awards(1) Stock Awards
Number of Number of Number of
Securities Securities Shares or Market Value
Underlying Underlying Units of of Shares or
Unexercised Unexercised Option Option Stock That Units of Stock
Option Grant Options (#) Options (#) Exercise Expiration Stock Award Have Not That Have Not
Name Date Exercisable(2) Unexercisable(3) Price Date(4) Grant Date Vested (#)(5) Vested(6)
Mr. Pilch Feb. 06, 2004 5,290 0 $45.96 Feb. 06, 2014 Feb. 22, 2005 3,255 $ 106,634
Feb. 22, 2005 10,650 5,325 $52.57 Feb. 22, 2015 Apr. 12, 2005 455 $ 14, 906
Apr. 12, 2005 1,092 364 $54.30 Apr. 12, 2015 Feb. 21, 2006 3,009 $ 98,575
Feb. 21, 2006 7,000 7,000 $53.84 Feb. 21, 2016 Feb. 21, 2006 2,000 $ 65,520
Feb. 21, 2006 9,957 9,958 $53.84 Feb. 21, 2016 Feb. 20, 2007 2,918 $ 95,594
Feb. 20, 2007 5,294 15,884 $62.24 Feb. 20, 2017 Feb. 26, 2008 3,300 $ 108,108
Feb. 26, 2008 0 30,700 $48.82 Feb. 26, 2018 Sep. 08, 2008 7,000 $ 229,320
Sept. 08, 2008 0 22,000 $46.48 Sep. 08, 2016
Aggregate
Market Value
$ 718,657
(1) Options vest in four installments on the first four anniversaries of the grant date except as otherwise noted. The exercise price of each option is equal to
the fair market value of Allstate’s common stock on the date of grant. For options granted prior to 2007, fair market value is equal to the average of high
and low sale prices on the date of grant, and for options granted in 2007 and thereafter, fair market value is equal to the closing sale price on the date
of grant or in each case, if there was no sale on the date of grant, then on the last previous day on which there was a sale. An asterisk (*) denotes
reload options issued to replace shares tendered in payment of the exercise price of prior option awards. These reload options are subject to the same
vesting terms and expiration date as the original options including becoming exercisable in four annual installments beginning one year after the reload
option grant date. For option awards granted after 2003, the Compensation and Succession Committee eliminated the reload feature and no new option
awards will be granted that contain a reload feature.
(2) The aggregate value and aggregate number of exercisable in-the-money options as of December 31, 2008 for each of the named executives is as
follows: Mr. Wilson—$98,980 (101,000 aggregate number exercisable), Mr. Civgin—$0 (0 aggregate number exercisable), Ms. Mayes—$0 (0 aggregate
number exercisable), Mr. Ruebenson—$0 (0 aggregate number exercisable), Mr. Simonson—$61,740 (63,000 aggregate number exercisable), Mr. Hale—
$71,540 (73,000 aggregate number exercisable), and Mr. Pilch—$0 (0 aggregate number exercisable).
(3) The aggregate value and aggregate number of unexercisable in-the-money options as of December 31, 2008 for each of the named executives is $0 (0
aggregate number unexercisable).
(4) March 2013 expiration dates for Mr. Hale reflect vested stock options that expire on the fifth anniversary of the date of Mr. Hale’s termination of
employment. Unvested stock options and restricted stock units continue to vest as scheduled.
(5) Except as otherwise noted, each restricted stock unit award vests in one installment on the fourth anniversary of the grant date. Double asterisk (**)
denotes restricted stock units that vest in four equal installments on the first four anniversaries of the grant date.
(6) Amount is based on the closing price of our common stock of $32.76 on December 31, 2008.
(7) Restricted stock units awarded as a new hire grant. 2,000 restricted stock units vest on the second anniversary of the grant date and the remaining 4,300
restricted stock units vest on the fourth anniversary of the grant date.
(8) Restricted stock units awarded as a new hire grant. 6,250 restricted stock units vest on the second anniversary of the grant date and the remaining 6,250
restricted stock units vest on the fourth anniversary of the grant date.
(9) Stock options awarded as a new hire grant; options vested in two equal installments on the third anniversary, January 7, 2006, and the fifth anniversary,
January 7, 2008, of the grant date.
Option Exercises and Stock Vested at Fiscal Year-End 2008
The following table summarizes the options exercised by the named executives during 2008 and the
restricted stock and restricted stock unit awards that vested during 2008.
OPTION EXERCISES AND STOCK VESTED AT FISCAL YEAR-END 2008
Option Awards
(as of 12/31/08) Stock Awards
Number of Shares Number of Shares
Acquired on Value Realized Acquired on Value Realized
Name Exercise (#) on Exercise ($) Vesting (#) on Vesting ($)
Mr. Wilson 53,850 200,322 19,050 888,632
Mr. Civgin 0 0 0 0
Ms. Mayes 0 0 0 0
Mr. Ruebenson 0 0 7,375 344,034
Mr. Simonson 0 0 12,250 571,348
Mr. Hale 0 0 13,150 613,270
Mr. Pilch 0 0 4,121 192,226
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Proxy Statement