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FUN » Topics » OPTION EXERCISES AND UNITS VESTED IN 2008

This excerpt taken from the FUN DEF 14A filed Mar 31, 2009.

OPTION EXERCISES AND UNITS VESTED IN 2008

 

     Option Awards   Unit Awards (1)
(a)   (b)   (c)   (d)   (e)
       
Name   Number of Units
Acquired on Exercise
(#)		   Value Realized
on Exercise
($)		   Number of Units
Acquired on Vesting
(2) (#)		   Value Realized
on Vesting
(3) ($)

Kinzel

   720,000   $ 11,775,650   47,950   $ 1,134,006
                     

Falfas

   -     $ -     3,445   $ 81,480
                     

Crage

   -     $ -     3,259   $ 77,075
                     

Decker

   -     $ -     3,460   $ 81,828
                     

Bender

   -     $ -     1,313   $ 31,050
                     

 

  (1)

Reflects the vesting and related value of phantom unit grants made in 2004 and 2005 pursuant to the Amended and Restated Senior Management Long-Term Incentive Compensation Plan, including additional units credited as a result of reinvestment of distribution equivalents.

 

  (2)

The amounts in column (d) reflect the total number of phantom units that vested for each executive in 2008. Of the total phantom units that vested in 2008, each of Messrs. Falfas, Crage, Decker, and Bender received 60% of the value in units and 40% of the value in cash. As such, Messrs. Falfas, Crage, Decker and Bender received 2,067 units, 1,955 units, 2,076 units, and 788 units, respectively, in connection with the vesting of their phantom units. Of the total units that vested in 2008, Mr. Kinzel received 19% of the value in units and 81% of the value in cash. Accordingly, Mr. Kinzel received 9,110 units upon the vesting of his phantom units.

 

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Table of Contents
  (3)

The amount listed for each individual represents the total value of the phantom units that vested in 2008, including the dollar value of the units received and cash received. Of the total value of the phantom units that vested in 2008, the executives received the following values in units and cash, respectively: Mr. Kinzel received 9,110 units having a value of $215,452 and $918,554 in cash; Mr. Falfas received 2,067 units having a value of $48,885 and $32,595 in cash; Mr. Crage received 1,955 units having a value of $46,235 and $30,840 in cash; Mr. Decker received 2,076 units having a value of $49,098 and $32,730 in cash; and Mr. Bender received 788 units having a value of $18,636 and $12,414 in cash.

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