Sally Beauty Supply 2006 Annual Report Download - page 128

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OPTION GRANTS IN FISCAL YEAR 2006
Individual Grants
Percent of
Number
of Total Potential Realizable Value at
Securitie Options Assumed Annual Rates of
Underlyi
ng
Granted
to Stock Price Appreciation
Options Employee Exercise for
Granted( in Fiscal price Expiration Option Term(3)
Name
(
#
)
Year
(
2
)
(
$/sh
)
Date 5%
(
$
)
10%
(
$
)
Gary G. Winterhalter 50,000 3.2% $44.40 9/30/2015 $ 1,396,146 $3,538,108
W. Richard Dowd 12,000 0.8% $ 44.40 9/30/2015 $ 335,075 $ 849,146
John R. Golliher 6,400 0.4% $44.40 9/30/2015 $ 178,707 $452,878
Bennie L. Lowery 16,000 1.0% $ 44.40 9/30/2015 $ 446,767 $ 1,132,195
Gary T. Robinson 12,000 0.8% $44.40 9/30/2015 $ 335,075 $849,146
(1) All of these options were granted on October 1, 2005. Options are non-qualified and granted under the 2003 ACSOP. All options
have a maximum term of ten years from the date of grant and an exercise price per share equal to the fair market value of a share
of common stock on the date of grant. Generally, options become exercisable on a cumulative basis in four equal annual
increments, commencing one year after the date of grant. The Alberto-Culver compensation and leadership development
committee may accelerate the exercisability of any options subject to such terms and conditions as it deems necessary and
appropriate. If a participant retires, all options (a) vested at the time of retirement may be exercised for a period of two years
following retirement and (b) unvested at the time of retirement may be exercised as they become vested under the regular vesting
schedule for a period of five years from the date of grant, but in each case not after their stated expiration date. Retirement will
be reached when a participant’ s employment terminates and at the time of such termination the sum of the participant’ s age and
years of service with the company equals or exceeds 75 years. In the event of a change in control, as defined in the 2003
ACSOP, all outstanding options will immediately become fully vested. In certain circumstances, outstanding stock option
awards may become options to purchase shares of the acquiring corporation, and in certain other circumstances, outstanding
stock option awards may be cancelled in exchange for a cash payment.
(2) The percentages were calculated by taking the number of options granted to the New Sally named executive officer and dividing
that number by the total number of options granted to all employees of Alberto-Culver.
(3) The dollar amounts in these columns assume that the market price per share of common stock appreciates in value from the date
of grant to the expiration date of the option at the annualized rates indicated. These rates are set by the SEC and are not intended
to forecast possible future appreciation, if any, of the price of common stock.
***
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