KR » Topics » Restricted Stock

This excerpt taken from the KR 8-K filed Jun 26, 2008.
Restricted Stock.  The Committee may award restricted stock to participants. The stock will be subject to forfeiture, restrictions on transferability, and other restrictions as specified in the agreement. The Committee has authority to impose other terms and conditions as it may determine in its discretion including making the vesting of awards contingent on the achievement of Performance Goals. During the period that a restricted stock award is subject to restrictions, an employee has the right to vote the shares and receive dividends.

 

This excerpt taken from the KR DEF 14A filed May 15, 2008.

Restricted stock

 
  Restricted shares outstanding
(in millions)

  Weighted-average grant-date fair value
Outstanding, year-end 2005   .7   $ 17.85
  Granted   2.2   $ 20.16
  Lapsed   (0.4 ) $ 17.46
  Canceled or Expired   (0.1 ) $ 19.41
Outstanding, year-end 2006   2.4   $ 20.02
  Granted   2.5   $ 28.20
  Lapsed   (1.4 ) $ 19.90
  Canceled or Expired   (0.1 ) $ 22.69
   
     
Outstanding, year-end 2007   3.4   $ 25.89
   
     
This excerpt taken from the KR 10-Q filed Sep 27, 2007.

   Restricted Stock

 Restricted shares        Weighted-average
 outstanding  grant-date fair value
Outstanding, February 3, 2007 2.4 $       20.02
Granted 2.3 $ 28.25
Lapsed (1.3 ) $ 19.86
Canceled or Expired   $
 
Outstanding, August 18, 2007 3.4   $ 25.60

     The weighted-average fair value of stock options granted during the first two quarters ended August 18, 2007 and August 12, 2006, was $9.92 and $6.90, respectively. The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option-pricing model, based on the assumptions shown in the table below. The Black-Scholes model utilizes extensive accounting judgment and financial estimates, including the term employees are expected to retain their stock options before exercising them, the volatility of the Company’s stock price over that expected term, the dividend yield over the term, and the number of awards expected to be forfeited before they vest. Using alternative assumptions in the calculation of fair value would produce fair values for stock option grants that could be different than those used to record stock-based compensation expense in the Consolidated Statements of Operations.

     The following table reflects the weighted average assumptions used for grants awarded to option holders:

 2007       2006
Risk-free interest rate  5.06%  5.07%
Expected dividend yield  1.40%  1.50%
Expected volatility 29.24%    27.60%
Expected term    6.85 Years    7.50 Years 

This excerpt taken from the KR DEF 14A filed May 15, 2007.

   Restricted stock

Restricted Weighted-
shares average
outstanding grant-date
        (in millions)         fair value
Outstanding, year-end 2005   0.7     $ 17.85 
     Granted   2.2 $ 20.16 
     Lapsed (0.4 )   $ 17.46 
     Canceled or Expired (0.1 ) $ 19.41 
Outstanding, year-end 2006 2.4   $ 20.02 

This excerpt taken from the KR 10-Q filed Dec 14, 2006.

   Restricted Stock

          Weighted-average
   Restricted shares  grant-date
   outstanding  fair value
Outstanding, January 28, 2006  0.7   $ 17.85
Granted  2.2     $ 20.06
Lapsed  (0.3 ) $ 17.25
Canceled or Expired  (0.1 ) $ 19.31
 
Outstanding, November 4, 2006  2.5   $ 19.86

This excerpt taken from the KR 10-Q filed Sep 21, 2006.
   Restricted Stock 

    Weighted- 
  Restricted shares  average grant- 
  outstanding  date fair value 
Outstanding, January 28, 2006  0.7   $  17.85 
Granted  2.1   $  19.93 
Lapsed  (0.3)  $  16.87 
Canceled or Expired    $   
 
Outstanding, August 12, 2006  2.5   $  19.78 

This excerpt taken from the KR 10-Q filed Jun 29, 2006.

  Restricted Stock

  Restricted    Weighted- 
  shares    average grant- 
  outstanding    date fair value 
Outstanding, year-end 2005  0.7   $             17.85
Granted  2.1 $  19.93 
Lapsed  (0.1 ) $             17.86
Canceled or Expired  $                  —
 
Outstanding, May 20, 2006  2.7  $  19.46 

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