First Data 2008 Annual Report Download - page 217

GRANTS OF PLAN-BASED AWARDS
Name Grant Date
Estimated
Future
Payouts
Under
Non-Equity
Incentive
Plans (1)
Estimated
Future
Payouts
Under
Equity
Incentive
Plans (1)
All
Other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#) (2)
All Other
Option
Awards:
Number of
Securities
Underlying
Options (#)
(3)
Exercise
or Base
Price of
Option
Awards
($)
Grant Date
Fair Value of
Stock and
Option
Awards ($) (4)
Michael D. Capellas 1/24/2008 6,000,000 5.00 $ 17,496,000
1/24/2008 6,000,000 5.00 17,496,000
1/24/2008 1,714,285 8.75 3,872,570
Philip M. Wall 1/24/2008 225,000 5.00 656,100
1/24/2008 225,000 5.00 656,100
6/10/2008 50,000 5.00 160,800
6/10/2008 50,000 5.00 160,800
Kimberly S. Patmore n/a
Edward A. Labry III 1/24/2008 3,750,000 5.00 10,935,000
1/24/2008 3,750,000 5.00 10,935,000
Grace Chen Trent 1/24/2008 825,000 5.00 2,405,700
1/24/2008 825,000 5.00 2,405,700
David G. Yates 1/24/2008 562,458 5.00 1,640,128
1/24/2008 562,458 5.00 1,640,128
1/24/2008 309,060 1,545,300
(1) No executive officers were eligible for any Non-Equity or Equity Incentive Plans during 2008.
(2) Grants reflected in this column are grants of Restricted Stock made under the 2007 Stock Incentive Plan for Key Employees of First Data Corporation
and its Affiliates. All restricted shares granted to Mr. Yates vest on September 24, 2012.
(3) Grants reflected in this column are grants of Stock Options made under the 2007 Stock Incentive Plan for Key Employees of First Data Corporation and
its Affiliates. Options were granted on a proportional basis to the number of shares purchased by each executive officer. With the exception of
Mr. Capellas, half of all options granted are subject to time-based vesting over five years and the other half are subject to performance-based vesting
over five years. Vesting of time-vested options occurs in equal increments on September 24 of each year beginning in 2008. Performance-based options
vest on a calendar year basis in equal increments (20% per year over the five year vesting term) following each year in which Board-established
EBITDA targets are met. If the EBITDA target is not met in a given year, the options which did not vest may become vested following any subsequent
year in which the cumulative EBITDA target for the years 2008 through that year has been attained. Mr. Capellas' time and performance options vest in
equal increments over four year periods. He also received a grant of premium priced time-vested options which vest over four years. Mr. Wall's time-
vested options granted on June 10, 2008 vest equally on each of the first five anniversaries of the grant date. For clarity, time and performance option
grants have been listed separately in both this table and the Outstanding Equity Awards table.
(4) Grant Date Fair Value for restricted stock and options is based on their SFAS 123R valuation at the time of grant. SFAS 123R valuations were based on
a price of $5 per share.
Letter Agreement with Mr. Capellas
On September 24, 2007, the Company assumed a letter agreement, dated as of June 27, 2007, between Michael Capellas and New Omaha Holdings,
L.P. (the "Letter Agreement"). During 2008, New Omaha Holdings, L.P. was renamed as First Data Holdings, Inc. Pursuant to the Letter Agreement,
Mr. Capellas became
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