Sunoco 2013 Annual Report Download - page 122

120
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
The following table provides information concerning the unvested and outstanding equity awards to each current NEO as
of December 31, 2013:
Name
Unit Awards
Time-based Awards Performance-based Awards
Grant Date (1)
Number Units
That Have Not
Vested
(#)
Market Value of
Units That
Have Not Vested (2)
($)
Equity Incentive Plan
Awards: Number of
Unearned Units
or Other Rights That
Have Not Vested (3)
(#)
Equity Incentive Plan
Awards: Market or
Payout Value of
Unearned
Units or Other
Rights That Have
Not Vested (2)
($)
M. J. Hennigan 12/5/2013 43,700 3,298,476
President and Chief Executive Officer 1/24/2013 32,000 2,415,360
12/5/2012 90,000 6,793,200
3/1/2012 19,535 1,474,502
3/1/2012 35,033 2,644,291
M. Salinas, Jr. 12/5/2013 6,550 494,394
Chief Financial Officer 1/24/2013 6,666 503,150
K. Shea-Ballay 12/5/2013 7,000 528,360
Senior Vice President, 1/24/2013 5,600 422,688
General Counsel & Secretary 1/26/2012 6,152 464,353
K. Lauterbach 12/5/2013 7,000 528,360
Senior Vice President, 1/24/2013 5,600 422,688
Lease Acquisitions 7/24/2012 29,260 2,208,545
1/26/2012 5,381 406,158
D. Chalson 12/5/2013 7,000 528,360
Senior Vice President, Operations 1/24/2013 5,600 422,688
1/26/2012 2,071 156,319
NOTES TO TABLE:
(1) Time-based restricted unit awards vest as follows:
• 100% in December 2014 for Mr. Hennigan’s award granted in March 2012;
• 100% in December 2014 for M. Lauterbach’s award granted in July 2012;
• ratably in December of each year through 2017 for awards granted in December 2012;
• ratably in December of each year through 2017 for awards granted in January 2013; and
• 60% in December 2016 and the remaining 40% in December 2018 for awards granted in December 2013.
The performance-based restricted unit awards vest in December 2014.
(2) The market value or payout value of the unearned restricted units assumes a payout at the target of 100 percent, and is equal to the
closing price of our common units on December 31, 2013 of $75.48, multiplied by the number of restricted units outstanding. The
amounts shown in this column do not include amounts for related distribution equivalents that could be included in the payout. See
“Other Potential 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) Actual payout of performance-based awards will depend upon our achievement of certain specified performance levels based on
defined goals. The portion of each award that may be earned during the performance period ranges from zero to 200 percent of the
award. Payment of any amounts earned will occur following the vesting period, assuming continued employment with the general
partner at such time. See “Other Potential 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.