Travelzoo 2013 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 of the 2013 Travelzoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

21
Grants of Plan-Based Awards in 2013
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, 2013.
Estimated Possible Payouts
Under Non-Equity
Incentive Plan Awards
Threshold
($) Target
($) Maximum
($)
Christopher Loughlin (1) 128,000 213,336 362,668
Glen Ceremony (2) 80,000 133,336 226,664
Shirley Tafoya (3) 192,000 320,000 544,000
Richard Singer (4) 149,760 249,600 424,320
Mark Webb (5) 144,000 240,000 288,000
(1) Amount represents the potential annual Performance Bonus payments under the terms of Mr. Loughlin's employment
agreement. The business measurements and performance goals for determining the Performance Bonus payout are
described in the CD&A.
(2) Amount represents the potential annual Performance Bonus payments under the terms of Mr. Ceremony's employment
agreement for 2013. The business measurements and performance goals for determining the Performance Bonus payout
are described in the CD&A.
(3) Amount represents the potential annual Performance Bonus payments under the terms of Ms. Tafoya's employment
agreement for 2013. The business measurements and performance goals for determining the Performance Bonus payout
are described in the CD&A.
(4) Amount represents the potential annual Performance Bonus payments under the terms of Mr. Singer's employment
agreement for 2013. The business measurements and performance goals for determining the Performance Bonus payout
are described in the CD&A.
(5) Amount represents the potential annual Performance Bonus payments under the terms of Mr. Webb's employment
agreement for 2013. The business measurements and performance goals for determining the Performance Bonus payout
are described in the CD&A.
Outstanding Equity Awards at December 31, 2013
Option Awards
Name
Number of Securities
Underlying
Unexercised Options
(#) Exercisable
Number of Securities
Underlying
Unexercised Options
(#) Unexercisable Option Exercise Price
($) Option Expiration
Date
Christopher Loughlin 225,000 75,000(1) 14.97 11/18/2019
—75,000(2) 29.58 7/22/2023
Glen Ceremony 25,000 25,000(3) 28.98 1/23/2022
Shirley Tafoya 25,000 25,000(3) 28.98 1/23/2022
(1) 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.
(2) The options are exercisable in increments of 33.33% from and after July 1 of each year from 2015 through 2017, as long as
Mr. Loughlin's employment remains in effect at such dates.
(3) 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.
Option Exercises and Stock Vested
For the year ended December 31, 2013, there were no options exercised by any of our named executive officers. For
the year ended December 31, 2013, 75,000 shares of Mr. Loughlin's stock options were vested and 12,500 shares of Mr.
Ceremony and Ms. Tafoya's stock options were vested, respectively.