LPX » Topics » New Plan Benefits

This excerpt taken from the LPX DEF 14A filed Mar 23, 2009.

New Plan Benefits

As described above, the Compensation Committee made grants in February 2009 of equity-based awards to executive officers and other employees for 2009 covering a total of 2,752,244 shares. Of those grants, stock-settled SARs covering a total of 126,000 shares were awarded from the additional 7,000,000 shares authorized for issuance under the Amendment and Restatement, subject to stockholder approval of the Amendment and Restatement. The awards have a grant price of $2.17, vest in three equal annual installments beginning one year after the grant date, and have a term of ten years. The following table provides additional information about the awards:

New Plan Benefits

Stock Award Plan

 

Name and Title    Number of Stock-Settled SARs

Richard W. Frost
Chief Executive Officer

   0

Curtis M. Stevens
Executive Vice President, Administration, and Chief Financial Officer

   0

Richard S. Olszewski
Executive Vice President, Specialty Products, Sales and Marketing

   0

Jeffrey N. Wagner
Executive Vice President, Oriented Strand Board

   0

All executive officers as a group

   0

Non-executive officer employees as a group

   126,000

Non-employee directors as a group

   0
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