Rayovac 2008 Annual Report Download - page 100

Table of Contents
Index to Financial Statements
(3) Represents performance-based restricted stock granted to executives pursuant to the Company’s 2007 LTIP, granted under the 2004 Rayovac Incentive Plan. The 2007 LTIP restricted
stock grants are described under the heading “Long Term Incentive Plan” beginning on page 78.
(4) Represents performance-based restricted stock granted to executives under the 1997 Rayovac Incentive Plan. The terms and details of these restricted stock grants are described under the
heading “One-Time Performance-Based Restricted Stock Incentive Grant” beginning on page 83.
(5) Represents performance-based restricted stock granted to executives during Fiscal 2007 pursuant to the Company’s 2008 LTIP, granted under the 1997 Rayovac Incentive Plan. The terms
and details of the 2008 LTIP restricted stock grants are described under the heading “Long Term Incentive Plan” beginning on page 78.
(6) Represents performance-based restricted stock granted to executives during Fiscal 2008 pursuant to the Company’s 2008 LTIP, granted under the 2004 Rayovac Incentive Plan. The terms
and details of the 2008 LTIP restricted stock grants are described under the heading “Long Term Incentive Plan” beginning on page 78.
(7) Represents time-based restricted stock granted to the executive under the 2004 Rayovac Incentive Plan. All such shares are time-based, with the restrictions as to 50% of the these shares to
lapse on June 9, 2009 and the restrictions on the remaining 50% of these shares to lapse on June 9, 2010, provided that Mr. Hussey’s employment with the Company has not been
terminated with cause by the Company or voluntarily by Mr. Hussey prior to such date.
(8) 50% of the shares will vest on December 1, 2009. The remaining 50% of the shares will also vest on December 1, 2009 if it is deemed performance measures are met and, if not, they vest
on December 1, 2010 unless executive’s employment terminates for any reason prior to these date.
(9) 50% of the Shares vested on December 1, 2008 and the remaining 50% will vest on December 1, 2009 unless executive’s employment terminates for any reason prior to that date.
(10) Shares vest on January 17, 2009 unless executive’s employment terminates for any reason prior to that date.
(11) Shares vest on January 10, 2010 unless executives voluntarily terminates his employment for any reason other than good reason (as described under the heading “Termination in the event
Mr. Lumley elects to invoke his right to terminate his employment for good reason” beginning on page 102 and under the heading “Termination in the event Mr. Heil elects to invoke his
right to terminate his employment for good reason”, respectively) or employment is terminated for cause prior to that date.
(12) Shares vested on October 1, 2008.
(13) Shares will vest on March 31, 2010.
Option Exercises and Stock Vested
The following table and footnotes provide information regarding stock option exercises and stock vesting during Fiscal 2008 for the named executive
officers. None of the named executive officers exercised any stock options during Fiscal 2008.
Option Exercises and Stock Vested Information
Option Awards Stock Awards
Name
Number
Of Shares
Exercised
Market
Value
Realized
Shares
Acquired
on Vesting
Market
Value
Realized
Kent J. Hussey — $ — — $ —
Anthony L. Genito — $ — 11,978 $ 63,902
John A. Heil — $ — 17,129 $ 90,869
David R. Lumley — $ — 20,453 $ 108,503
Amy J. Yoder — $ — — $ —
Pension Benefits Table
None of our named executive officers participated in any Company pension plans during or as of the end of Fiscal 2008.
Non-Qualified Deferred Compensation
The following table and footnotes provide information regarding the Company’s non tax-qualified defined contribution and deferred compensation plans
for each of the named executive officers who participate in any such plans. Mr. Genito and Ms. Yoder did not participate in any such plans. The plans are
described under the heading “Deferral and Post-Termination Rights” beginning on page 85.
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Source: Spectrum Brands, Inc, 10-K, December 10, 2008