KMX » Topics » Options Granted in Last Fiscal Year

This excerpt taken from the KMX DEF 14A filed May 12, 2006.

Options Granted in Last Fiscal Year

 

The table below sets forth information on common stock option grants to the named executive officers during the fiscal year ended February 28, 2006. In connection with options granted in fiscal 2006, fiscal 2005, and fiscal 2004, change-of-control SARs were granted.

 

Name         

Number

of Securities

Underlying

Options/
SARs

Granted

  

% of Total

Options

Granted to

Employees (1)

   

Exercise

Price (2)

  

Expiration

Date

   Potential Realizable
Value at Assumed
Annual Rates of Stock
Price Appreciation for
Option Term (3)
                 5%    10%

Austin Ligon

   Grant A    120,000    4.55 %   $ 26.38    06/23/2015    $ 1,918,506    $ 4,929,989
     Grant B    199,481    7.56 %   $ 28.26    06/23/2014    $ 2,729,889    $ 6,502,380

Thomas J. Folliard

   60,000    2.27 %   $ 26.38    06/23/2015    $ 959,253    $ 2,464,994

Keith D. Browning

        60,000    2.27 %   $ 26.38    06/23/2015    $ 959,253    $ 2,464,994

Michael K. Dolan

        50,000    1.89 %   $ 26.38    06/23/2015    $ 799,377    $ 2,054,162

Joseph S. Kunkel

        50,000    1.89 %   $ 26.38    06/23/2015    $ 799,377    $ 2,054,162

 

1.  The total number of options granted in fiscal 2006 to employees was 2,639,668. The options in the table attributable to Messrs. Ligon (for Grant A), Folliard, Browning, Dolan, and Kunkel expire on June 23, 2015, have a ten-year term, and vest 25% on the first anniversary of the grant date and 25% of the original grant amount yearly thereafter, until fully vested. The options in the table attributable to Mr. Ligon (for Grant B) expire on June 23, 2014, have an eight and a half-year term, and vest 25% on the first anniversary of the grant date and 25% of the original grant amount yearly thereafter, until fully vested.

2.  The exercise price for all of the options is the fair market value of the underlying common stock on the date of the grant.

3.  The potential realizable value uses the hypothetical rates specified by the SEC and is not intended to forecast future appreciation, if any, of CarMax common stock.

 

23


Table of Contents

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki