Travelzoo 2014 Annual Report Download - page 23

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20
Grants of Plan-Based Awards in 2014
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, 2014.
Estimated Possible Payouts
Under Non-Equity
Incentive Plan Awards
Threshold
($) Target
($) Maximum
($)
Christopher Loughlin (1) 176,000 386,670 498,668
Glen Ceremony (1) 80,000 133,336 226,664
Shirley Tafoya (1) 192,000 320,000 544,000
Richard Singer (1) 158,056 329,284 381,969
Simon Talling-Smith (1) 120,000 300,000 340,000
(1) Amount represents the potential annual Performance Bonus payments under the terms of employment agreement. The
business measurements and performance goals for determining the Performance Bonus payout are described in the CD&A.
Outstanding Equity Awards at December 31, 2014
Option Awards
Name
Number of Securities
Underlying
Unexercised Options
(#) Exercisable
Number of Securities
Underlying
Unexercised Options
(#) Unexercisable Option Exercise Price
($) Option Expiration
Date
Christopher Loughlin 300,000 —14.97 11/18/2019
—75,000(1) 29.58 7/22/2023
Glen Ceremony 37,500 12,500(2) 28.98 1/23/2022
(1) 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.
(2) 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 employment remains in effect at such dates.
Option Exercises and Stock Vested
For the year ended December 31, 2014, there were no options exercised by any of our named executive officers. For
the year ended December 31, 2014, 75,000 shares of Mr. Loughlin's stock options were vested and 12,500 shares of Mr.
Ceremony's stock options were vested, respectively.