Sunoco 2012 Annual Report Download - page 140
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following such period, assuming continued employment with the general partner at such time. See “Other
Post-Employment Payments” for a discussion of the treatment of these awards under certain termination
events, or in the event of a change in control.
(3) Reflects performance-based restricted units awarded January 27, 2011, with a performance period ending on
December 31, 2013.
(4) Reflects time-vesting restricted units awarded February 29, 2012, with a vesting period ending on
December 31, 2014.
(5) Reflects performance-based restricted units awarded January 26, 2012, with a performance period ending on
December 31, 2014.
(6) Reflects time-vesting restricted units awarded December 5, 2012, vesting incrementally over a five-year
period ending on December 5, 2017.
OPTION EXERCISES AND STOCK VESTED
The following table provides information concerning the vesting in 2012 of certain restricted units,
previously awarded under the LTIP to the NEOs:
Name
Stock Awards
Number of Shares
Acquired on Vesting(1)
(#)
Value Realized
on Vesting(2)
($)
M. J. Hennigan ...................... 77,485 3,829,309
President and Chief Executive Officer
M. Salinas, Jr. ....................... n/a n/a
Chief FinancialOfficer
K. Shea-Ballay ....................... n/a n/a
Vice President, General Counsel &
Secretary
L. L. Elsenhans ...................... n/a n/a
Former Chairman and Chief Executive
Officer
B. P. MacDonald ..................... 10,527 520,244
Vice President and Chief Financial Officer
M. J. Colavita ....................... n/a n/a
Former Interim Chief Financial Officer
NOTES TO TABLE:
(1) The amounts shown in this column reflect the acceleration of vesting and payout, in the form of our
common units, of LTIP grants as a result of the Merger with ETP on October 5, 2012. Of the amount shown
for Mr. Hennigan, 53,947 common units were received as a result of the acceleration of performance-based
restricted units, and 23,538 were received from the accelerated vesting of time-vesting units. For the
performance-based restricted units, the number of common units to be paid out was determined by
multiplying the target number of such restricted units by the applicable performance factor (191%).
(2) Value realized on vesting was determined by multiplying the number of common units to be issued upon
vesting by the closing market price of our common units on the Merger closing date ($49.42). These
amounts do not reflect the value of units withheld by our General Partner to satisfy tax withholding
obligations.
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