Fannie Mae 2006 Annual Report Download - page 203

Name
Award
Type
(1)
Grant Date or
Performance
Period
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
Option
Exercise
Price
($)
Option
Expiration
Date
Number of
Shares or
Units of
Stock That
Have Not
Vested
(#)
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)
Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other
Rights That
Have Not
Vested
(#)
(3)
Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Units or Other
Rights That
Have Not
Vested
($)
(3)
Option Awards
(2)
Stock Awards
(2)
Julie St. John . . .... O 11/18/1997 11,610 51.72 11/16/2007
O 11/17/1998 11,390 69.31 11/17/2008
O 11/16/1999 11,680 71.50 11/16/2009
O 1/18/2000 18,373
(4)
62.50 1/18/2010
O 11/21/2000 35,610 77.10 11/21/2010
O 1/16/2001 17,320
(4)
78.56 1/18/2010
O 11/20/2001 44,735 80.95 11/20/2011
O 1/21/2003 63,836 69.43 1/21/2013
O 1/23/2004 55,410 78.32 1/23/2014
PSP 1/1/2001 to 11,925
(8)
708,226
(8)
12/31/2003
PSP 1/1/2002 to 7,772
(9)
461,579
(9)
12/31/2004
PSP 1/1/2003 to 8,806
(10)
522,988
(10)
12/31/2005
PSP 1/1/2004 to 23,147
(11)
1,374,700
(11)
12/31/2006
(1)
O indicates stock options; RS indicates restricted stock; RSU indicates restricted stock units; and PSP indicates
performance share program awards.
(2)
Except as otherwise indicated, all awards of options, restricted stock, and restricted stock units listed in this table vest
in four equal annual installments beginning on the first anniversary of the date of grant. Amounts reported in this
table for restricted stock and restricted stock units represent only the unvested portion of awards. Amounts reported in
this table for options represent only the unexercised portions of awards.
(3)
As described in “Compensation Discussion and Analysis,” beginning in early 2005 the Board deferred the
determination of whether outstanding awards under our performance share program were earned, because we did not
have reliable financial data for the relevant performance cycles.
(4)
The stock options vested 100% on January 23, 2004.
(5)
The initial award amount vests in three equal annual installments beginning on the first anniversary of the date of
grant.
(6)
The initial award amount vests in three equal annual installments beginning on March 10, 2006.
(7)
The initial award amount vests in four equal annual installments beginning on January 24, 2007. In connection with
the stock awards with a grant date of March 22, 2006, each of our named executives other than Mr. Mudd also
received a cash award payable in four equal annual installments beginning on January 24, 2007. As of December 31,
2006, the unpaid portion of our named executives’ cash awards were as follows: Mr. Blakely and Mr. Williams,
$1,656,270; Mr. Levin, $2,103,750; and Mr. Niculescu, $885,720.
(8)
The amounts shown represent the maximum amount of common stock that the Board could have awarded as of the
end of 2006 for the 2001-2003 performance cycle, which equals the second installment of the awards the
Compensation Committee determined performance for in January 2004. As described in “Compensation Discussion
and Analysis,” the Board determined in February 2007 not to pay any of these shares.
(9)
The amounts shown represent the amount of common stock that would have been paid if the Compensation
Committee had determined that we met threshold performance levels with respect to financial and qualitative goals
for this performance cycle. As described in “Compensation Discussion and Analysis,” the Board determined in
February 2007 not to pay any of these shares.
(10)
As described in “Compensation Discussion and Analysis,” the Board determined in June 2007 that our performance
during this cycle did not meet the threshold performance level for the financial goal and was between the threshold
and target performance levels for the qualitative goals. In accordance with SEC rules, because the payment amounts
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