Chesapeake Energy 1997 Annual Report Download - page 83

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Messrs. McClendon and Ward administer the Company's 1992 stock options plans. The grant of new
options under the 1992 Incentive Stock Option Plan (the "1992 ISO Plan") was terminated in December
1994. The only options issued under the 1992 NSO Plan during fiscal 1997 were those to the Company's non-
employee directors pursuant to an annual formula award provision. Messrs. McClendon and Ward also
administer the 1994 and 1996 Plans with respect to non-director employee participants. Messrs. Heizer and
Whittemore, administer the 1994 and 1996 Plans with respect to executive officers or employee participants
who are directors.
Messrs. McClendon and Ward participate as working interest owners in the Company's oil and gas wells
pursuant to the terms of their employment agreements with the Company. See "Employment Agreements."
Accounts receivable from Messrs. McClendon and Ward are generated by joint interest billings relating to
such participation and as a result of miscellaneous expenses paid on their behalf by the Company. The
Company has extended certain registration rights to Messrs. McClendon and Ward. Mr. Self is a partner in
the firm of Self, Giddens & Lees, Inc., counsel to the Company. See "Certain Transactions."
ITEM 12. Security Ownership
The table below sets forth as of the Record Date (i) the name and address of each person known by
management to own beneficially 5% or more of the Company's outstanding Common Stock, the number of
shares beneficially owned by each such shareholder and the percentage of outstanding shares owned and
(ii) the number and percentage of outstanding shares of Common Stock beneficially owned by each of the
Company's nominees, directors and executive officers listed in the Summary Compensation Table below and
by all directors and executive officers of the Company as a group. Unless otherwise noted, the persons named
below have sole voting and investment power with respect to such shares.
Common Stock
66
Tom L. Ward*t 11,263,072(a) (b) 16%
6100 North Western Avenue
Oklahoma City, OK 73118
Aubrey K. McClendon*j. 1l,005,978(b)(c) 15%
6100 North Western Avenue
Oklahoma City, OK 73118
Pilgrim Baxter & Associates 5,303,008(d) 8%
1255 Drummers Lane
Wayne, PA 19087-1590
Shannon T. Self* 2,731,998(e) 4%
E. F. Heizer, Jr.* 1,054,400(f) 1%
Frederick B. Whittemore* 919,000(g) 1%
Steven C. Dixont 407,584(b) (h) **
Breene M. Kerr* 346,250(i) **
Walter C. Wilson* 248,000(j) **
Marcus C. Rowlandt 165,2l5(b)(k) **
J. Mark Lestert 106,105(b) (1) **
Henry J. Hoodf 23,162(b)(m) **
All directors and executive officers as a group 30,948,588(n) 42%
*Director
Executive officer of the Company
** Less than 1%
Number of Percent of
Beneficial Owner Shares Class