Energy Transfer 2010 Annual Report Download - page 114

Download and view the complete annual report

Please find page 114 of the 2010 Energy Transfer 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 187

  • 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
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187

Grants of Plan-Based Awards Table
Estimated Future Payouts Under
Equity Incentive Plan Awards
All Other
Unit
Awards:
Number of
Units
(#)
All Other Option
Awards:
Number of
Securities
Underlying
Options
(#)
Exercise
or Base
Price of
Option
Awards
($ / Unit)
Grant Date
Fair Value
of Unit
Awards (1)Name
Grant
Date
Threshold
(#)
Target
(#)
Maximum
(#)
Kelcy L. Warren N/A — — — — — $ — $ —
Martin Salinas, Jr. 12/15/10 — — — 20,000 — — 999,600
Marshall S. (Mackie) McCrea, III 1/14/11 — — — 250,000 — — 13,455,000
Thomas P. Mason 12/15/10 — — — 20,000 — — 999,600
William G. Powers, Jr. 12/15/10 — — — 10,000 — — 499,800
(1) We have computed the grant date fair value of unit awards in accordance with generally accepted accounting
principles, as further described above and in Note 8 to our consolidated financial statements.
We do not have any non-equity incentive plans.
The amounts above do not include the equity awards granted to certain named executive officers in equity of
ETE held by a partnership controlled by Mr. McReynolds. These awards are not issued pursuant to our equity
incentive plans and such awards are in the sole discretion of Mr. McReynolds. The grant date fair value of these
awards is included above in the “Summary Compensation Table” and related footnotes.
Outstanding Equity Awards at Year-End Table
Unit Awards
Name
Grant Date
(1)
Equity Incentive Plan
Awards: Number of
Units That Have Not
Vested
(#) (1)
Equity Incentive
Plan Awards:
Market or Payout
Value of Units
That Have Not
Vested
($) (2)
Kelcy L. Warren N/A — $ —
Martin Salinas, Jr. 12/15/10 20,000 1,036,400
12/15/09 15,349 795,385
12/22/08 12,000 621,840
12/5/07 2,400 124,368
Marshall S. (Mackie) McCrea, III 1/14/11 250,000 12,955,000
12/15/09 16,000 829,120
12/22/08 12,000 621,840
12/5/07 8,800 456,016
Thomas P. Mason 12/15/10 20,000 1,036,400
12/15/09 14,549 753,929
12/22/08 12,000 621,840
10/17/08 30,000 1,554,600
12/5/07 7,200 373,104
William G. Powers, Jr. 12/15/10 10,000 518,200
12/15/09 8,000 414,560
12/22/08 6,000 310,920
2/28/08 12,000 621,840
12/5/07 2,400 124,368
(1) Unit awards outstanding as of December 31, 2010 reflected in the table above ratably vest on each
anniversary of the grant date through 2015 for awards granted in 2010, through 2014 for awards granted in
2009, and through 2013 for awards granted in 2008.
(2) Market value was computed as the number of unvested awards as of December 31, 2010 multiplied by the
closing price of our Common Units on December 31, 2010.
The amounts above do not include the equity awards granted to certain named executive officers in equity of
ETE held by a partnership controlled by Mr. McReynolds. These awards are not issued pursuant to the 2004 Unit
Plan or the 2008 Incentive Plan, and such awards are in the sole discretion of Mr. McReynolds.
112