Kroger 2014 Annual Report Download - page 39

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37
Restrictions฀on฀restricted฀stock฀awards฀made฀to฀the฀named฀executive฀officers฀normally฀lapse,฀so฀long฀as฀
the฀officer฀is฀then฀in฀our฀employ,฀in฀equal฀amounts฀on฀each฀of฀the฀five฀anniversaries฀of฀the฀grant฀date,฀except฀
that:฀10,000฀shares฀of฀restricted฀stock฀granted฀to฀each฀of฀Messrs.฀Schlotman฀and฀Ellis฀in฀2014฀vest฀as฀follows:฀
2,000฀shares฀on฀7/15/2015,฀2,000฀shares฀on฀7/15/2016,฀and฀6,000฀shares฀on฀7/15/2017;฀and฀the฀13,000฀shares฀
of฀restricted฀ stock฀ granted฀to฀Ms.฀Barclay฀ vests฀on฀7/15/2015.฀ Any฀ dividends฀ declared฀on฀Kroger฀ common฀
shares฀are฀payable฀on฀restricted฀stock.฀Nonqualified฀stock฀options฀granted฀to฀the฀named฀executive฀officers฀
normally฀vest,฀so฀long฀as฀the฀officer฀is฀then฀in฀our฀employ,฀in฀equal฀amounts฀on฀each฀of฀the฀five฀anniversaries฀
of the grant date.
2 0 1 4 OU T S T A N D I N G E Q U I T Y A W A R D S A T F I S C A L Y E A R - E N D
The฀following฀table฀provides฀information฀about฀outstanding฀equity-based฀incentive฀compensation฀awards฀
for฀the฀named฀executive฀officers฀as฀of฀the฀end฀of฀fiscal฀2014.฀Each฀outstanding฀award฀is฀shown฀separately.฀The฀
vesting฀ schedule฀ for฀each฀ award฀ is฀ described฀in฀the฀ footnotes฀ to฀ this฀table.฀The฀ market฀value฀of฀unvested฀
restricted฀stock฀and฀unearned฀performance฀units฀is฀based฀on฀the฀closing฀price฀of฀Kroger’s฀common฀shares฀of฀
$69.05฀on฀January฀30,฀2015,฀the฀last฀trading฀day฀of฀fiscal฀2014.฀
Option Awards Stock Awards
Name
Number of
Securities
Underlying
Unexercised
Options
Exercisable
(#)
Number of
Securities
Underlying
Unexercised
Options
Unexercisable
(#)
Option
Exercise
Price
($)
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
($)
Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other
Rights That
Have
Not Vested
(#)
Equity
Incentive
Plan
Awards:
Market or
Payout Value
of Unearned
Shares,
Units or
Other Rights
That Have
Not Vested
($)
W.฀Rodney฀McMullen 75,000 — $16.39฀ 5/5/2015 5,250(6) $ 362,513฀
60,000 — $19.94฀ 5/4/2016 13,716(7) $ 947,090฀
60,000 — $28.27฀ 6/28/2017 21,924(8) $1,513,852฀
65,000 — $28.61฀ 6/26/2018 29,232(9) $2,018,470฀
65,000 — $22.34฀ 6/25/2019 64,000(10) $4,419,200฀
56,000 14,000(1) $20.16฀ 6/24/2020 56,250(11) $3,884,063฀
54,864 36,576(2) $24.74฀ 6/23/2021 20,219(19) $1,437,253฀
38,976 58,464(3) $21.96฀ 7/12/2022 23,438(20) $1,668,984฀
19,488 77,952(4) $37.76฀ 7/15/2023
— 150,000(5) $49.33฀ 7/15/2024
J.฀Michael฀Schlotman 20,000 5,000(1) $20.16฀ 6/24/2020 1,875(6) $ 129,469฀
27,384 18,256(2) $24.74฀ 6/23/2021 6,846(7) $ 472,716฀
21,856 32,784(3) $21.96฀ 7/12/2022 12,294(8) $ 848,901฀
10,928 43,712(4) $37.76฀ 7/15/2023 16,392(9) $1,131,868฀
— 40,000(5) $49.33฀ 7/15/2024 9,750(12) $ 673,238฀
10,000(13) $ 690,500฀
15,000(11) $1,035,750฀
11,338(19) $ 805,948฀
6,250(20) $ 445,063฀