BECN » Topics » Grants of Plan-Based Awards

This excerpt taken from the BECN DEF 14A filed Jan 7, 2008.

Grants of Plan-Based Awards

 
   
  Estimated Possible Payouts
Under Non-Equity Incentive
Plan Awards (a)

  All Other
Awards:
Securities
Underlying
Options (b)
(#)

   
   
 
   
  Exercise or
Base Price of
Option Awards
($/sh)

  Grant Date
Fair Value of
Option Awards
($)

Name

  Grant Date
  Threshold
($)

  Target
($)

  Maximum
($)

Robert R. Buck   October 24, 2006   0   257,500   515,000   40,000   22.46   413,048

David R. Grace

 

October 24, 2006

 

121,550

 

143,000

 

217,800

 

21,000

 

22.46

 

216,850

Ross D. Cooper

 

October 24, 2006

 

97,750

 

115,000

 

198,000

 

10,000

 

22.46

 

103,262

C. Eric Swank

 

October 24, 2006

 

46,750

 

55,000

 

88,000

 

20,000

 

22.46

 

206,524

(a)
The non-equity incentive plan awards above were based on Company-wide EBITDA for Mr. Buck, primarily Company-wide income before taxes for Mr. Grace and Mr. Cooper, and primarily The Roof Center's income before taxes for Mr. Swank. The thresholds were not met and therefore these payments were not made. However, discretionary bonus amounts were awarded as described above under "Annual Cash Incentives."

(b)
These options vest (i.e., become exercisable) in three equal parts on the first, second and third anniversaries of the grant date and expire ten years from the date of grant.

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        The following table sets forth details of all of the outstanding equity awards of the named executive officers as of September 30, 2007:

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