Travelzoo 2012 Annual Report Download - page 39

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Grants of Plan
-
Based Awards in 2012
The following table sets forth certain information with respect to non
-
equity incentive plan awards granted to each of our named executive
officers during the fiscal year ended
December 31, 2012
.
Outstanding Equity Awards at
December 31, 2012
Option Exercises and Stock Vested
For the year ended
December 31, 2012
, there were no options exercised by any of our named executive officers. For the year ended
December 31, 2012
, 150,000 shares of Mr. Loughlin's stock options were vested and with respect to stock options held by Mr. Ceremony and Ms.
Tafoya's, no shares were vested.
December 31, 2010, $18,360 in director fees for the period from July 1, 2010 to December 31, 2010 and $21,538 for the pay
-
out of accrued
vacation.
For 2012, 2011 and 2010, amount consists of the Company
’
s matching contribution of $1,500 under the Company
’
s 401(k) Plan. In
addition, for 2012 and 2010, amount includes $2,369 in bonus payments made to eligible employees.
Estimated Possible Payouts
Under Non
-
Equity
Incentive Plan Awards
Threshold
($)
Target
($)
Name
Christopher Loughlin (1)
—
240,000
Glen Ceremony (2)
—
150,000
Shirley Tafoya (3)
—
360,000
Mark Webb (4)
—
133,333
Amount represents the potential quarterly Performance Bonus payments under the terms of Mr. Loughlin
’
s employment agreement. The
measurements for determining the Performance Bonus and annual payouts are described in the CD&A.
Amount represents the potential quarterly Performance Bonus payments under the terms of Mr. Ceremony
’
s employment agreement for
2012
. The business measurements and performance goals for determining the Performance Bonus payout are described in the CD&A.
Amount represents the potential quarterly Performance Bonus payments under the terms of Ms. Tafoya
’
s employment agreement for
2012
. The business measurements and performance goals for determining the Performance Bonus payout are described in the CD&A.
Amount represents the potential quarterly Performance Bonus payments under the terms of Mr. Webb
’
s employment agreement for
2012.
The business measurements and performance goals for determining the Performance Bonus payout are described in the CD&A.
Option Awards
Name
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Option
Exercise
Price ($)
Option
Expiration
Date
Christopher Loughlin
150,000
150,000
(1)
14.97
11/18/2019
Glen Ceremony(3)
0
50,000
(2)
28.98
1/23/2022
Shirley Tafoya(4)
0
50,000
(2)
28.98
1/23/2022
The options are exercisable in increments of 25% from and after July 1 of each year from 2011 through 2014, as long as Mr. Loughlin
’
s
employment remains in effect at such dates.
The options are exercisable in increments of 25% from and after January 23 of each year from 2013 through 2016, as long as
Mr. Ceremony
’
s and Ms. Tafoya's employment remains in effect at such dates.