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.
Bet you've never seen portfolio analytics like these.