Harris Teeter 2011 Annual Report Download - page 94

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(3) The amounts listed for Fiscal 2011 are attributable to the change in actuarial present value for the Pension Plan
and the SERP from October 4, 2010 through October 2, 2011. For a discussion of the assumptions underlying
this valuation, please refer to the note to the table entitled “Pension Benefits for 2011”. The Company’s non-
qualified deferred compensation plan does not provide above-market or preferential earnings on deferred
compensation, and therefore, in accordance with Securities and Exchange Commission rules, there were no
changes of value attributable to nonqualified deferred compensation earnings. A change in the actuarial present
value of the benefits under the Pension Plan and the SERP can occur due to changes in the discount rate. The
present values of the accumulated Pension Plan and SERP benefits of Messrs. Dickson, Woodlief, Morganthall
and Jackson were negatively impacted due to an increase in the discount rate from 5.05% for the Pension Plan
and 4.65% in the SERP for Fiscal 2010 to 5.50% for the Pension Plan and 5.40% for the SERP for Fiscal 2011.
(4) All other compensation for each of the NEOs consists of the following:
Thomas W.
Dickson
($)
John B.
Woodlief
($)
Frederick J.
Morganthall, II
($)
Fred A.
Jackson
($)
Executive Bonus Insurance Plan .................. 28,303 52,858 41,052 48,519
Ruddick Retirement and Savings Plan .............. 17,150 14,494 17,150 11,717
Ruddick Corporation Flexible Deferral Plan ......... 21,253 4,850 11,225 —
Key Employee Life Insurance Plan ................ 21,446 17,309 17,122 12,260
Tax Reimbursement ............................. 21,485 31,306 26,928 26,956
Executive Long Term Disability Plan .............. 6,921 3,778 3,215 3,213
Dividends on unvested Restricted Stock Awards ...... 37,294 17,997 19,175 9,360
Meals and Entertainment Expenses (a) ............. 1,975 — — —
Aircraft Usage (a) .............................. 14,253 — — —
Personal Group Excess Liability Insurance (a) ....... 1,878 — — —
(a) Amounts represent the incremental value of perquisites reportable under the Securities and Exchange
Commission rules.
(5) Subsequent to Fiscal 2011, in November 2011 the Company sold A&E, at which point Mr. Jackson was no
longer an employee of the Company or its subsidiaries.
(6) Amount represents a discretionary bonus provided to Mr. Jackson in the amount of ten percent of his base
salary for the Fiscal 2010 based on A&E’s operating profit achievement.
Grants of Plan-Based Awards for 2011
Estimated
Future
Payouts Under
Non-Equity
Incentive Plan
Awards (1)
Estimated
Future Payouts
Under Equity
Incentive Plan
Awards (2)
All Other
Stock Awards:
Number of
Shares of Stock
or Units
Grant Date
Fair Value of
Stock and
Option Awards
Name Grant Date Threshold($) Target(#) (#)(3) ($)(4)
Thomas W. Dickson
Incentive Bonus ................... 11/18/10 — NA NA NA
Performance Shares ............... 11/18/10 NA 17,500 NA 672,700
Restricted Stock .................. 11/18/10 NA NA 17,500 672,700
John B. Woodlief
Incentive Bonus ................... 11/18/10 — NA NA NA
Performance Shares ............... 11/18/10 NA 7,500 NA 288,300
Restricted Stock .................. 11/18/10 NA NA 7,500 288,300
28