IPG » Topics » Equity Compensation Plan Information

These excerpts taken from the IPG 10-K filed Feb 29, 2008.
Equity Compensation Plan Information
 
                         
                Number of Securities Remaining
 
    Number of Shares of
          Available for Future
 
    Common Stock to be
    Weighted-Average
    Issuance Under
 
    Issued Upon Exercise of
    Exercise Price of
    Equity Compensation Plans
 
    Outstanding Options,
    Outstanding Stock
    (Excluding Securities
 
    Warrants and Rights
    Options
    Reflected in Column (a))
 
Plan Category
  (a)(1)(2)     (b)     (c)(3)  
 
Equity Compensation Plans Approved by Security Holders
    44,246,508     $ 21.59       39,246,111  
Equity Compensation Plans Not Approved by Security Holders(4)
    656,500     $ 27.53        
                         
Total
    44,903,008     $ 21.68       39,246,111  
 
 
(1) Includes a total of 11,873,104 performance-based share awards made under the 2004 and 2006 Performance Incentive Plan representing the target number of shares to be issued to employees following the completion of the 2005-2007 performance period (the “2007 LTIP Share Awards”), the 2006-2008 performance period (the “2008 LTIP Share Awards”) and the 2007-2009 performance period (the “2009 LTIP Share Awards”), respectively. The computation of the weighted-average exercise price in column (b) of this table does not take the 2007 LTIP Share Awards, the 2008 LTIP Share Awards or the 2009 LTIP Share Awards into account.
 
(2) Includes a total of 4,690,322 restricted share unit and performance-based awards (“Share Unit Awards”) which may be settled in shares or cash. The computation of the weighted-average exercise price in column (b) of this table does not take the Share Unit Awards into account. Each Share Unit Award actually settled in cash will increase the number of shares of Common Stock available for issuance shown in column (c).


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(3) Includes 14,688,597 shares of our common stock available for issuance under the Employee Stock Purchase Plan (2006) (the “2006 Stock Purchase Plan”) as of December 31, 2007.
 
(4) Consists of special stock option grants awarded to certain True North executives following our acquisition of True North (the “True North Options”). The True North Options have an exercise price equal to the fair market value of Interpublic’s common stock on the date of the grant. The terms and conditions of these stock option awards are governed by Interpublic’s 1997 Performance Incentive Plan. Generally, the options become exercisable between two and five years after the date of the grant and expire ten years from the grant date.
 
Item 13.   Certain Relationships and Related Transactions, and Director Independence
 
The information required by this Item is incorporated by reference to the “Review and Approval of Transactions with Related Persons” section and the “Director Independence” section of the Proxy Statement.
 
Item 14.   Principal Accountant Fees and Services
 
The information required by this Item is incorporated by reference to the “Appointment of Independent Registered Public Accounting Firm” section of the Proxy Statement.


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Table of Contents

 
Equity
Compensation Plan Information



 







































































































































































                         

 

 

 

 

 

 

 

 

Number of Securities Remaining



 

 

 

Number of Shares of



 

 

 

 

 

Available for Future



 

 

 

Common Stock to be



 

 

Weighted-Average



 

 

Issuance Under



 

 

 

Issued Upon Exercise of



 

 

Exercise Price of



 

 

Equity Compensation Plans



 

 

 

Outstanding Options,



 

 

Outstanding Stock



 

 

(Excluding Securities



 

 

 

Warrants and Rights



 

 

Options



 

 

Reflected in Column (a))



 


Plan Category


 

(a)(1)(2)

 

 

(b)

 

 

(c)(3)

 
 


Equity Compensation Plans Approved by Security Holders


 

 

44,246,508

 

 

$

21.59

 

 

 

39,246,111

 


Equity Compensation Plans Not Approved by Security
Holders(4)


 

 

656,500

 

 

$

27.53

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total


 

 

44,903,008

 

 

$

21.68

 

 

 

39,246,111

 






 




 





























(1)

Includes a total of 11,873,104 performance-based share awards
made under the 2004 and 2006 Performance Incentive Plan
representing the target number of shares to be issued to
employees following the completion of the
2005-2007
performance period (the “2007 LTIP Share Awards”), the
2006-2008
performance period (the “2008 LTIP Share Awards”) and
the
2007-2009
performance period (the “2009 LTIP Share Awards”),
respectively. The computation of the weighted-average exercise
price in column (b) of this table does not take the 2007
LTIP Share Awards, the 2008 LTIP Share Awards or the 2009 LTIP
Share Awards into account.
 

(2)

Includes a total of 4,690,322 restricted share unit and
performance-based awards (“Share Unit Awards”) which
may be settled in shares or cash. The computation of the
weighted-average exercise price in column (b) of this table
does not take the Share Unit Awards into account. Each Share
Unit Award actually settled in cash will increase the number of
shares of Common Stock available for issuance shown in column
(c).





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(3)

Includes 14,688,597 shares of our common stock available
for issuance under the Employee Stock Purchase Plan (2006) (the
“2006 Stock Purchase Plan”) as of December 31,
2007.
 

(4)

Consists of special stock option grants awarded to certain True
North executives following our acquisition of True North (the
“True North Options”). The True North Options have an
exercise price equal to the fair market value of
Interpublic’s common stock on the date of the grant. The
terms and conditions of these stock option awards are governed
by Interpublic’s 1997 Performance Incentive Plan.
Generally, the options become exercisable between two and five
years after the date of the grant and expire ten years from the
grant date.


 















Item 13.  

Certain
Relationships and Related Transactions, and Director
Independence



 



The information required by this Item is incorporated by
reference to the “Review and Approval of Transactions with
Related Persons” section and the “Director
Independence” section of the Proxy Statement.


 















Item 14.  

Principal
Accountant Fees and Services



 



The information required by this Item is incorporated by
reference to the “Appointment of Independent Registered
Public Accounting Firm” section of the Proxy Statement.





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Table of Contents



Equity Compensation Plan Information
 
                         
            Number of Securities Remaining
    Number of Shares of
      Available for Future
    Common Stock to be
  Weighted Average
  Issuance Under
    Issued Upon Exercise of
  Exercise Price of
  Equity Compensation Plans
    Outstanding Options,
  Outstanding Stock
  (Excluding Securities
    Warrants and Rights
  Options
  Reflected in Column (a))
Plan Category
  (a)(1)(2)   (b)   (c)(3)
 
Equity Compensation Plans Approved by Security Holders
    47,101,910     $ 23.86       40,226,669  
Equity Compensation Plans Not Approved by Security Holders(4)
    744,075     $ 27.53        
 
 
(1) Includes a total of 10,287,077 performance-based share awards made under the 2004 and 2006 Performance Incentive Plan representing the target number of shares to be issued to employees following the completion of the 2005-2007 performance period (the “2007 LTIP Share Awards”) and the 2006-2008 performance period (the “2008 LTIP Share Awards”), respectively. The computation of the weighted average exercise price in column (b) of this table does not take the 2007 LTIP Share Awards or the 2008 LTIP Share Awards into account.
 
(2) Includes a total of 5,007,356 restricted share unit and performance-based awards (“Share Unit Awards”) which may be settled in shares or cash. The computation of the weighted average exercise price in column (b) of this table does not take the Share Unit Awards into account. Each Share Unit Award actually settled in cash will increase the number of shares of Common Stock available for issuance shown in column (c).
 
(3) Includes 15,000,000 shares of our common stock available for issuance under the Employee Stock Purchase Plan (2006) (the “2006 Stock Purchase Plan”) as of December 31, 2006.
 
(4) Consists of special stock option grants awarded to certain True North executives following our acquisition of True North (the “True North Options”). The True North Options have an exercise price equal to the fair market value of Interpublic’s common stock on the date of the grant. The terms and conditions of these stock option awards are governed by Interpublic’s 1997 Performance Incentive Plan. Generally, the options become exercisable between two and five years after the date of the grant and expire ten years from the grant date.


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Table of Contents

 
Item 13.  Certain Relationships and Related Transactions
 
The information required by this Item is incorporated by reference to the “Related Party Transactions” section of the Proxy Statement.
 
Item 14.  Principal Accountant Fees and Services
 
The information required by this Item is incorporated by reference to the “Appointment of Independent Registered Public Accountants” section of the Proxy Statement.


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Table of Contents

Equity Compensation Plan Information

Plan Category

 

 

 

Number of Shares of
Common Stock to be
Issued Upon Exercise of
Outstanding Options,
Warrants and Rights
(a)(1)

 

Weighted Average
Exercise Price of
Outstanding Stock
Options
(b)

 

Number of Securities Remaining
Available for Future
Issuance Under
Equity Compensation Plans
(Excluding Securities
Reflected in Column (a))
(c)(2)

 

Equity Compensation Plans Approved by Security Holders

 

 

34,176,882

 

 

 

$

26.06

 

 

 

17,518,543

 

 

Equity Compensation Plans Not Approved by Security Holders(3) 

 

 

745,575

 

 

 

$

27.53

 

 

 

0

 

 


(1)          Includes 2,094,813 performance-based share awards made under the 2004 Performance Incentive Plan representing the target number of shares to be issued to employees following the completion of the 2005-2007 performance period (the “LTIP Share Awards”). The computation of the weighted average exercise price in column (b) of this table do not take the LTIP Share Awards into account.

(2)          Includes 15,000,000 shares of our common stock available for issuance under the Employee Stock Purchase Plan (2006) (the “2006 Stock Purchase Plan”) as of December 31, 2005.

(3)          Consists of special stock option grants awarded to certain True North executives following our acquisition of True North (the “True North Options”) . The True North Options have an exercise price equal to the fair market value of Interpublic’s common stock on the date of the grant. The terms and conditions of these stock option awards are governed by Interpublic’s 1997 Performance Incentive Plan. Generally, the options become exercisable between two and five years after the date of the grant and expire ten years from the grant date.

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This excerpt taken from the IPG DEF 14A filed Oct 21, 2005.
Equity Compensation Plan Information

Plan Category

 

 

 

Number of Shares of
Common Stock to be
Issued Upon Exercise of
Outstanding Stock
Options
(a)

 

Weighted Average
Exercise Price of
Outstanding Stock
Options
(b)

 

Number of Securities Remaining
Available for Future
Issuance Under
Equity Compensation Plans
(Excluding Securities
Reflected in Column (a))
(c)(1)

 

Equity Compensation Plans Approved by Security Holders

 

 

38,646,208

 

 

 

$

26.36

 

 

 

26,529,906

 

 

Equity Compensation Plans Not Approved by Security
Holders(2)

 

 

840,075

 

 

 

$

27.53

 

 

 

0

 

 


(1)          Includes 11,681,753 shares of Interpublic our common stock available for issuance under the Employee Stock Purchase Program (1995) (the “Stock Purchase Program”) as of December 31, 2004. The Stock Purchase Program expired by its terms on June 30, 2005, and consequently, these shares are no longer available for issuance.

(2)          Consists of special stock option grants awarded to certain True North executives following our acquisition of True North (“True North Options”). The True North Options were granted on August 23, 2001 at the fair market value of our common stock on the date of the grant. The terms and conditions of these stock option awards are governed by our 1997 Performance Incentive Plan which provides that stock options are exercisable as determined by the Compensation Committee of the Board of Directors. Generally, options become exercisable between two and five years after the date of the grant and expire ten years from the grant date. The True North Options vested approximately 40% and 30% on August 23, 2004 and August 23, 2005, respectively, and will vest approximately 30% on August 23, 2006.

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