CompUSA 2010 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2010 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

39
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END 2010
The following table sets forth information regarding stock option and restricted stock awards previously
granted which were outstanding at the end of fiscal year 2010.
The market value of the stock award is based on the closing price of one share of our common stock as of
December 31, 2010, which was $14.10.
Option Awards
Stock Awards
Name
(a)
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
(b)
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
(c)
Option
Exercise
Price
($)
(e)
Option
Expiration
Date
(f)
Number of
Shares
or Units of
Stock That
Have Not
Vested
(#)
(g)
Market
Value
of Shares or
Units of
Stock
That Have
Not
Vested
($)
(h)
Lawrence Reinhold
75,000
25,000
(1)
$
20.15
1/17/17
-
-
25,000
25,000 (1)
$
11.51
3/11/18
-
-
25,000
75,000
(1)
$
13.19
5/17/19
-
-
175,000
(2)
$
2,168,250
Gilbert Fiorentino9
70,000
(3)
-
$
1.76
2/28/13
-
-
10,000
-
$
1.95
4/1/13
-
-
166,667
-
$
5.65
10/11/14
-
-
166,667
-
$
6.80
3/22/16
-
-
166,667
$
8.06
8/25/16
-
-
-
-
-
-
300,000
(4)
$
4,230,000
(1) Options vest 25% per year over four years from date of grant.
(2) Restricted shares vest in ten equal installments of 17,500 shares beginning May 15, 2011.
(3) Granted pursuant to Mr. Fiorentino’ s employment agreement (see page 28 above). Options vest 20% per year over
five years from date of grant, subject to earlier termination.
(4) The remaining restrictions lapse annually in 100,000 share increments through April 2013, subject to earlier
termination.
9 See “Employment Arrangements of the Named Executive Officers- Gilbert Fiorentino” at page 33 and “Potential Payments
Upon Termination or Change of Control- Gilbert Fiorentino” at page 40 for additional information. Mr. Fiorentino has been
placed on administrative leave.