Chesapeake Energy 1997 Annual Report Download - page 80

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Represents Company matching contributions to the Chesapeake Energy Corporation Savings and
Incentive Stock Bonus Plan.
Other annual compensation did not exceed the lesser of $50,000 or 10% of the executive officer's salary
and bonus during the year.
Stock Options Granted in Fiscal 1997
The following table sets forth information concerning options to purchase Common Stock granted in
fiscal 1997 to the executive officers named in the Summary Compensation Table. Amounts represent stock
options granted under the Company's 1994 and 1996 Plans and include both incentive and non-qualified stock
options. One-fourth of each option becomes exercisable on each of the first four grant date anniversaries. The
exercise price of each option represents the market price of the Common Stock on the date of grant (110% of
such market price with respect to incentive stock options granted to Messrs. McClendon and Ward).
Individual Grants
The assumed annual rates of stock price appreciation of 5% and 10% are set by the Securities and
Exchange Commission and are not intended as a forecast of possible future appreciation in stock prices.
Option was canceled upon grant of replacement option.
63
Name
Number of
Securities
Underlying
Options
Granted
Percent of
Total
Options
Granted to
Employees in
Fiscal 1997
Exercise
Price Per
Share Expiration
Date
Potential Realizable Value
at Assumed Annual Rates
of Stock Price Appreciation
for Option Term(a)
5% 10%
Aubrey K. McClendon 15,456(b) 0.4% $28.47 6/13/97 N/A N/A
184,544(b) 5.3% $25.87 6/13/97 N/A N/A
235,176 6.7% $14.75 6/13/07 $958,378 $2,117,765
27,824 0.8% $16.23 6/13/02 $ 83,824 $220,993
Tom L. Ward 15,456(b) 0.4% $28.47 6/13/97 N/A N/A
184,544(b) 5.3% $25.87 6/13/97 N/A N/A
235,176 6.7% $14.75 6/13/07 $958,378 $2,117,765
27,824 0.8% $16.23 6/13/02 $ 83,824 $220,993
Marcus C. Rowland 36,000 1.0% $14.25 4/25/07 $322,623 $ 817,590
Steven C. Dixon 30,000 0.9% $14.25 4/25/07 $268,852 $681,325
Henry J. Hood 19,500 0.6% $14.25 4/25/07 $174,754 $ 442,861
J. Mark Lester 19,500 0.6% $14.25 4/25/07 $174,754 $ 442,861