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ACI » Topics » Option Exercises and Stock Vested for the Year Ended December 31, 2006

This excerpt taken from the ACI DEF 14A filed Mar 20, 2007.
Option Exercises and Stock Vested for the Year Ended December 31, 2006
 
The following table shows information relating to the exercise or vesting of certain equity awards previously made to the executive officers named in this proxy statement during 2006. We have adjusted the information in the following table for the two-for-one stock split on May 15, 2006.
 
                                 
    Option Awards     Stock Awards  
    Number of Shares
 		    Value
 		    Number of Shares
 		    Value Realized on
 		 
    Acquired on
 		    Realized on
 		    Acquired on Vesting
 		    Vesting
 		 
Name
  Exercise(#)     Exercise($)(1)     (#)(2)     ($)(3)  
 
Steven F. Leer
    90,000     $ 2,414,610       33,134     $ 1,400,733  
Robert J. Messey
     —        —       15,356       649,943  
C. Henry Besten, Jr. 
     —        —       6,164       256,619  
John W. Eaves
     —        —       20,294       858,317  
Robert G. Jones
    21,800       597,220       7,162       298,126  
 
(1) Amounts represent the value realized upon exercise of outstanding stock options calculated by multiplying the number of shares acquired upon exercise by the difference between the option exercise price and the fair market value of our common stock on the date of exercise.
 
(2) Amounts represent the portion of outstanding restricted stock units that vested during 2006, including shares that the executive officer elected to defer, on a discretionary basis, under our deferred compensation plan as follows: 33,134 shares for Mr. Leer, 15,356 shares for Mr. Messey, 12,974 shares for Mr. Eaves and 4,176 shares for Mr. Jones. You should see the section entitled “Non-Qualified Deferred Compensation” beginning on page 34 of this proxy statement for more information about our deferred compensation plan.
 
(3) Amounts represent the value realized upon vesting of restricted stock units calculated by multiplying the number of shares that vested during 2006 by the fair market value of our common stock on the date of vesting.


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