GVHR » Topics » 2007 Option Exercises and Stock Vested

This excerpt taken from the GVHR DEF 14A filed Apr 17, 2008.

2007 Option Exercises and Stock Vested

        The following table sets forth information regarding the number and value of stock options exercised and stock vested during 2007 for our named executive officers.


 
  Option Awards
  Stock Awards

Name
  Number of
Shares Acquired
on Exercise (#)

  Value Realized on
Exercise ($)

  Number of Shares
Acquired on
Vesting (#)

  Value realized on
Vesting ($)


Garry J. Welsh   0   $ 0       0   $ 0

James E. Hardee   0   $ 0       0   $ 0

Clifford M. Sladnick   0   $ 0       6,250   $ 117,375(2)

Paul E. Benz   0   $ 0       625   $ 12,081(3)

Erik Vonk   0   $ 0       0   $ 0

Peter C. Grabowski   8,750   $ 72,758 (1) 0   $ 0

(1)
The value realized on exercise is based on the difference between the exercise price of the option and the fair market value on the date of exercise multiplied by the number of options exercised.

(2)
The value realized by Mr. Sladnick was determined by multiplying the 6,250 shares received by $18.78, the closing price of the common stock on July 10, 2007, the business day immediately preceding July 11, 2007, the date the shares vested.

(3)
The value realized by Mr. Benz was determined by multiplying the 625 shares received by $19.33, the closing price of the common stock on June 29, 2007, the business day immediately preceding July 1, 2007, the date the shares vested.

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