Chipotle 2012 Annual Report Download - page 116

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SOSAR subject to each such time-based vesting date). Vesting of all of the SOSARs may also accelerate as
described in the footnotes to the Equity Award Vesting table appearing below under “Potential Payments Upon
Termination or Change-in-Control.” We filed the form of SOSAR Agreements for these grants as an exhibit to
our Quarterly Report on Form 10-Q filed with the SEC on April 20, 2012.
OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2012
Option Awards Stock Awards
Name
Number of
Securities
Underlying
Unexercised
Options
Exercisable
Number of
Securities
Underlying
Unexercised
Options
Unexercisable
Option
Exercise
Price
Option
Expiration
Date
Equity Incentive
Plan Awards:
Number of
Unearned Shares,
Units or Other
Rights That Have
Not Vested
Equity Incentive
Plan Awards:
Market or Payout
Value of
Unearned Shares,
Units or Other
Rights That Have
Not Vested
Steve Ells .............. — 75,000(1) $103.79 2/16/2017 10,000(2) $2,974,600(3)
— 75,000(4) $268.73 2/11/2018
— 75,000(5) $268.73 2/11/2018
— 75,000(6) $371.63 2/6/2019
— 75,000(7) $371.63 2/6/2019
Monty Moran ........... — 75,000(1) $103.79 2/16/2017 10,000(2) $2,974,600(3)
— 75,000(4) $268.73 2/11/2018
— 75,000(5) $268.73 2/11/2018
— 75,000(6) $371.63 2/6/2019
— 75,000(7) $371.63 2/6/2019
Jack Hartung ........... — 25,000(1) $103.79 2/16/2017 5,000(2) $1,487,300(3)
— 25,000(4) $268.73 2/11/2018
— 25,000(5) $268.73 2/11/2018
— 25,000(6) $371.63 2/6/2019
— 25,000(7) $371.63 2/6/2019
Bob Blessing ........... — 8,000(1) $103.79 2/16/2017 1,375(2) $ 409,008(3)
— 8,000(4) $268.73 2/11/2018
— 8,000(5) $268.73 2/11/2018
— 8,000(6) $371.63 2/6/2019
— 8,000(7) $371.63 2/6/2019
Mark Crumpacker ....... 6,500 6,500(1) $103.79 2/16/2017 1,375(2) $ 409,008(3)
— 7,000(4) $268.73 2/11/2018
— 7,000(5) $268.73 2/11/2018
— 8,000(6) $371.63 2/6/2019
— 8,000(7) $371.63 2/6/2019
(1) SOSARs vested in full on February 16, 2013.
(2) Represents shares issuable under the 2010 performance share awards, assuming achievement at the
threshold level of cumulative total cash flow from operations through September 30, 2013.
(3) Based on the closing stock price of our common stock on December 31, 2012 of $297.46 per share.
(4) One half of these SOSARs vested on February 11, 2013; the remaining half will vest on February 11, 2014,
subject to potential accelerated vesting as described in the footnotes to the table below under “Potential
Payments Upon Termination or Change-in-Control.”
46
Proxy Statement