ALL » Topics » Table continues

This excerpt taken from the ALL DEF 14A filed Apr 2, 2008.

Table continues  

52


 
  Option Awards(1)
  Stock Awards
Name

  Option Grant
Date

  Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable(2)

  Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable(3)

  Option
Exercise
Price

  Option
Expiration
Date

  Stock Award
Grant Date

  Number of
Shares or
Units of
Stock That
Have Not
Vested (#)(4)

  Market Value
of Shares or
Units of Stock
That Have Not
Vested(5)

Mr. Simonson   Jul. 29, 2002
Feb. 07, 2003
Feb. 06, 2004
Feb. 22, 2005
Feb. 21, 2006
Feb. 21, 2006
Feb. 20, 2007
  125,000
63,000
48,225
28,432
10,000
15,000
0
  0
0
16,075
28,432
30,000
45,000
59,800
  $36.40
$31.78
$45.96
$52.57
$53.84
$53.84
$62.24
  July 29, 2012
Feb. 07, 2013
Feb. 06, 2014
Feb. 22, 2015
Feb. 21, 2016
Feb. 21, 2016
Feb. 20, 2017
  Jul. 29, 2002
Feb. 07, 2003
Feb. 06, 2004
Feb. 22, 2005
Feb. 21, 2006
Feb. 21, 2006
Feb. 20, 2007
  0
0
9,500
8,680
9,100
8,250
8,200





**
0
0
$     496,185
$     453,356
$     475,293
$     430,898
$     428,286

  
Aggregate      
Market Value    

$  2,284,018

(1)
Options vest in four installments on the first four anniversaries of the grant date except as otherwise noted. The exercise price of each option is equal to the fair market value of Allstate's common stock on the date of grant. For options granted prior to 2007, fair market value is equal to the average of high and low sale prices on the date of grant or, if there was no such sale on the date of grant, then on the last previous day on which there was a sale. For options granted in 2007, fair market value is equal to the closing sale price on the date of grant or, if there was no sale on the date of grant, then on the last previous day on which there was a sale. An asterisk (*) denotes reload options issued to replace shares tendered in payment of the exercise price of prior option awards. These reload options are subject to the same vesting terms and expiration date as the original options including becoming exercisable in four annual installments beginning one year after the reload option grant date. For option awards granted after 2003, the Compensation and Succession Committee eliminated the reload feature and no new option awards will be granted that contain a reload feature.

(2)
The aggregate value and aggregate number of exercisable in-the-money options as of December 31, 2007 for each of the named executives is as follows: Mr. Wilson—$8,682,804 (603,657 aggregate number exercisable), Mr. Hale—$2,531,936 (175,725 aggregate number exercisable), Mr. Liddy $10,933,480 (876,000 aggregate number exercisable), Mr. Ruebenson—$191,862 (30,600 aggregate number exercisable), and Mr. Simonson—$3,569,471 (236,225 aggregate number exercisable).

(3)
The aggregate value and aggregate number of unexercisable in-the-money options as of December 31, 2007 for each of the named executives is as follows: Mr. Wilson—$152,204 (24,275 aggregate number unexercisable), Mr. Hale—$818,695 (67,575 aggregate number unexercisable), Mr. Liddy—$426,360 (68,000 aggregate number unexercisable), Mr. Ruebenson—$63,954 (10,200 aggregate number unexercisable), and Mr. Simonson—$100,790 (16,075 aggregate number unexercisable).

(4)
Except as otherwise noted, each RSU award vests and the restrictions on each restricted stock award expire in one installment on the fourth anniversary of the grant date. Stock awards made prior to 2005 were made in the form of restricted stock. Stock awards made in 2005 and thereafter were made in the form of RSUs. Double asterisk (**) denotes RSUs that vest in four equal installments on the first four anniversaries of the grant date.

(5)
Amount is based on the closing price of our common stock of $52.23 on December 31, 2007.

(6)
Stock options awarded in connection with promotion to President and Chief Operating Officer, June 1, 2005; options vest in four installments of 25% on the first four anniversaries of the grant date.

(7)
Stock options awarded as a new hire grant; options vest in two equal installments on the third anniversary, January 7, 2006, and the fifth anniversary, January 7, 2008, of the grant date.
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