CVS » Topics » Option Exercises and Stock Vested - Fiscal Year 2007

This excerpt taken from the CVS DEF 14A filed Mar 28, 2008.

Option Exercises and Stock Vested – Fiscal Year 2007

 

Name & Principal 2007 Positions   Option Awards   Stock Awards
 

Number of
Shares Acquired
on Exercise

(#)

  Value
Realized on
Exercise
($)
 

Number of
Shares Acquired
on Vesting

(#)

 

Value Realized
on Vesting

($)

Thomas M. Ryan
Chairman of the Board, President and Chief Executive Officer

  391,320   7,504,689   75,000   2,334,750
   

David B. Rickard
Executive Vice President, Chief Financial Officer and Chief Administrative Officer

  197,652   4,453,001   15,000   466,950
   

Chris W. Bodine
Executive Vice President and President - CVS Caremark Health Care Services

  94,912   1,787,764   15,000   466,950
   

Howard A. McLure
President Executive Vice President and President - Caremark Pharmacy Services

  610,000   15,814,757   —     —  
   

Larry J. Merlo
Executive Vice President and President -
CVS/pharmacy - Retail

  330,440   6,254,608   15,000   466,950
   

Douglas A. Sgarro
Executive Vice President, Chief Legal Officer and President - CVS Realty Co.

  140,460   2,968,667   12,000   373,560
   

William R. Spalding
Executive Vice President - Strategy and Managed Care

  1,171,156   18,686,250   23,185   925,082

The options exercised by Mr. Ryan were due to expire on February 27, 2008 under the terms of the stock option agreement. Mr. Merlo exercised his stock options pursuant to a 10b5-1 selling plan previously entered into, and these options were due to expire on February 27, 2008 and March 12, 2008. Mr. Bodine exercised 17,400 stock options that were due to expire on February 27, 2008. The shares acquired by Mr. Spalding were in connection with the exercise of stock options previously awarded to him by Caremark and the settlement of his deferral account described in “Payments/(Forfeitures) Under Termination Scenarios” on page 50.

 

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