Sunoco 2008 Annual Report Download - page 99

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The following tables set forth separately information with respect to common stock unit awards to be settled
in stock and awards to be settled in cash under Sunoco’s management incentive plans (dollars in millions, except
per-unit amounts):
Stock Settled Awards Awards
Weighted-
Average
Fair Value
Per Unit*
Fair/
Intrinsic
Value
Nonvested, December 31, 2005 ...................... 105,580 $32.36
Granted ........................................... 115,785 $74.06
Performance factor adjustment** ....................... 27,600
Vested ............................................ (81,200) $23.41 $5
Canceled .......................................... (4,830) $46.57
Nonvested, December 31, 2006 ...................... 162,935 $64.70
Granted ........................................... 117,490 $65.42
Performance factor adjustment** ....................... 20,760
Vested ............................................ (66,040) $40.58 $4
Canceled .......................................... (3,980) $73.62
Nonvested, December 31, 2007 ...................... 231,165 $69.69
Granted ........................................... 348,879*** $38.19
Performance factor adjustment** ....................... (30,867)
Vested ............................................ (17,363) $80.20 $1
Canceled .......................................... (3,710) $70.92
Nonvested, December 31, 2008 ...................... 528,104 $47.91
*Represents the weighted-average fair value per unit as of the date of grant.
**Consists of adjustments to vested performance-based awards to reflect actual performance. The adjustments are required since
the original grants of these awards were at 100 percent of the targeted amounts.
***Includes 217,520 performance-based awards that were granted in December 2008 for which performance targets were not
established until January 2009. Accordingly, these awards were not deemed to be granted for accounting purposes until January
2009 and no expense has been recognized on the awards during 2008.
Cash Settled Awards Awards
Weighted-
Average
Fair Value
Per Unit*
Fair/
Intrinsic
Value
Nonvested, December 31, 2005 ...................... 531,140 $40.68
Granted ........................................... 128,980 $68.43
Performance factor adjustment** ...................... 233,530
Vested*** .......................................... (467,060) $24.51 $31
Nonvested, December 31, 2006 ...................... 426,590 $57.92
Granted ........................................... 143,170 $63.98
Performance factor adjustment** ...................... 198,440
Vested*** .......................................... (396,880) $41.28 $29
Nonvested, December 31, 2007 ...................... 371,320 $69.15
Granted ........................................... —
Performance factor adjustment** ...................... (63,469)
Vested*** .......................................... (35,701) $77.54 $2
Nonvested, December 31, 2008 ...................... 272,150†$66.09
*Represents the weighted-average fair value per unit as of the date of grant.
**Consists of adjustments to vested performance-based awards to reflect actual performance. The adjustments are required since
the original grants of these awards were at 100 percent of the targeted amounts.
***Cash payments for vested awards are made in the first quarter of the following year.
†Includes 195,800 awards attributable to retirement-eligible employees for whom no further service is required.
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