Harris Teeter 2011 Annual Report Download - page 98

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(2) Calculated by multiplying the unvested shares of restricted stock by the closing market price of the Company’s
Common Stock on September 30, 2011, the last trading day in Fiscal 2011 ($38.99) (the “Closing Market
Price”).
(3) Amounts shown are target number of shares of performance shares granted in Fiscal 2011, assuming Harris
Teeter and A&E meet or exceed their respective operating profit projections, which are discussed in greater
detail in the “Compensation Discussion and Analysis” section. For executives employed by A&E, issuances
of performance shares were 100% subject to A&E meeting its operating profit projections for Fiscal 2011,
while issuances to holding Company executives were dependent as to 95% on Harris Teeter meeting its
operating profit projections and as to 5% on A&E meeting its operating profit projections. For the NEO
employed by Harris Teeter, issuance of Performance Shares was subject to Harris Teeter meeting its operating
profit projections for Fiscal 2011. Once issued, these performance-based shares of restricted stock vest 25%
per year on each of the first four anniversaries of the date of the issuance.
(4) Calculated by multiplying the target number of shares of performance shares by the Closing Market Price.
Option Exercises and Stock Vested for 2011
Option Awards Stock Awards
Name
Number of Shares
Acquired on Exercise
(#)
Value Realized
on Exercise
($)(1)
Number of Shares
Acquired on Vesting
(#)
Value Realized
on Vesting
($)(2)
Thomas W. Dickson ........... — — 21,168 800,026
John B. Woodlief ............. — — 10,790 407,727
Frederick J. Morganthall, II . . . — — 11,487 434,014
Fred A. Jackson .............. 8,511 220,992 4,250 160,577
(1) The value realized on exercise represents: (a) the difference between the average of the high and low sale price
(“Average Price”) on the day of exercise and the exercise price multiplied by the number of shares acquired
on exercise, in the case of stock swaps, and (b) the actual gain realized in the case of cashless sale or cashless
hold exercises.
(2) The value realized represents the number of shares acquired on vesting multiplied by the Average Price on
the day of vesting.
Pension Benefits for 2011(1)
Name Plan Name
Number of Years
Credited Service
(#)
Present Value of
Accumulated Benefit
($)(2)
Payments During
Last Fiscal Year
($)
Thomas W. Dickson ........... Pension Plan 31 1,101,000 —
SERP 31 7,291,000 —
John B. Woodlief ............. Pension Plan 12 252,000 —
SERP 12 3,042,000 —
Frederick J. Morganthall, II . . . Pension Plan 25 835,000 —
SERP 25 5,672,000 —
Fred A. Jackson .............. Pension Plan 34 710,000 —
SERP 34 1,983,000 —
(1) For a discussion of the valuation methods and material assumptions applied in quantifying the present value
of the current accrued benefit under each of the Pension Plan and SERP, please refer to the note entitled
“Employee Benefit Plans” of the Consolidated Financial Statements included with the Company’s Annual
Report on Form 10-K for the year ended October 2, 2011.
32