Neiman Marcus 2010 Annual Report Download - page 70

Table of Contents
(5) For new option awards in fiscal year 2011, these amounts reflect the aggregate grant date fair value for the awards computed in
accordance with ASC Topic 718. The assumptions used in calculating these amounts are described under the caption Stock-
Based Compensation in Note 10 of the Notes to Consolidated Financial Statements beginning on page F-31 of this Annual
Report on Form 10-K.
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END
The following table sets forth certain information regarding the total number and aggregate value of stock options held by
each of our named executive officers at July 30, 2011.
Option Awards
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Option
Exercise
Price
($)
Option
Expiration
Date
Burton M. Tansky 1,465 — 361.25 05-15-2011 (7)
2,076 — 354.03 09-22-2011
7,269 — (1) 1,445.00 10-06-2015
2,244 3,424 (2) 1,100.00(2) 10-05-2015
Karen W. Katz 5,341 — (3) 1,445.00 12-15-2017
1,410 2,151 (4) 1,100.00(4) 12-15-2017
— 4,300 (5) 1,576.00(5) 09-30-2017
James E. Skinner 2,671 — (3) 1,445.00 12-15-2017
705 1,075 (4) 1,100.00(4) 12-15-2017
— 2,200 (5) 1,576.00(5) 09-30-2017
James J. Gold 2,671 — (3) 1,445.00 12-15-2017
705 1,075 (4) 1,100.00(4) 12-15-2017
— 2,200 (5) 1,576.00(5) 09-30-2017
Nelson A. Bangs 1,068 — (3) 1,445.00 12-15-2017
282 430 (4) 1,100.00(4) 12-15-2017
Phillip L. Maxwell 988 — (3) 1,445.00 12-15-2017
261 398 (4) 1,100.00(4) 12-15-2017
Marita Glodt 988 — (3) 1,445.00 06-30-2014
247 — (4) 1,100.00(4) 06-30-2014
Gerald A. Barnes 534 — (3) 1,445.00 12-15-2017
141 215 (4) 1,100.00(4) 12-15-2017
490 910 (6) 1,000.00 10-05-2017
490 910 (6) 1,100.00(6) 10-05-2017
Footnotes:
(1) Nonqualified stock options granted November 29, 2005 vested with respect to 460 shares on the first anniversary date of
October 6, 2005 and thereafter on the subsequent three anniversary dates of October 6, 2005 with respect to 2,270 shares.
(2) Nonqualified stock options exchanged for underwater options at the ratio of 1.5 to 1 on April 1, 2010, which vests 25% on the
first anniversary of December 15, 2010 and thereafter in thirty-six equal monthly installments over the thirty-six months
following December 15, 2010 beginning on January 15, 2011 and becoming fully vested on December 15, 2013. The options
were granted at the initial exercise price of $1,000 per share which will increase at a 10% compound rate on each anniversary of
December 15, 2010 until the earlier to occur of (i) the exercise of the option, (ii) December 15, 2013, or (iii) the occurrence of a
change of control, or in the event the equity investors sell a portion of their investment, with respect to a portion of the options
bearing the same ratio as the portion of the equity investor's equity sold. On December 15, 2011, the option price will increase
to $1,210 per share.
(3) Nonqualified stock options granted on November 29, 2005 at the exercise price of $1,445 per share which vests 20% on the
first anniversary of October 6, 2005 and thereafter in forty-eight equal monthly installments over the forty-eight months
following the first
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