MCO » Topics » OPTION EXERCISES AND STOCK VESTED TABLE FOR 2008

This excerpt taken from the MCO DEF 14A filed Mar 18, 2009.

OPTION EXERCISES AND STOCK VESTED TABLE FOR 2008

The following table sets forth information concerning the number of shares of Common Stock acquired and the value realized upon the exercise of stock options and the number of shares of Common Stock acquired and the value realized upon vesting of restricted stock awards during 2008 for each of the Company’s Named Executive Officers on an aggregated basis. In the case of stock options, the value realized is based on the market price of the Company’s Common Stock on the New York Stock Exchange at the time of exercise and the option exercise price; in the case of restricted stock awards, the value realized is based on the average high and low market price of the Company’s Common Stock on the New York Stock Exchange on the vesting date.

 

     Option Awards    Stock Awards

Name

   Number of Shares
Acquired on
Exercise (#)
   Value Realized on
Exercise ($)
   Number of Shares
Acquired on
Vesting (#)
    Value Realized
on Vesting ($)

Raymond W. McDaniel

   —      —      23,208     $ 863,338

Linda S. Huber

   —      —      9,496       353,251

Michel Madelain

   —      —      3,007       111,860

Mark E. Almeida

   —      —      5,106       189,943

John J. Goggins

   —      —      5,431       202,033

Brian M. Clarkson

   —      —      28,273 (1)     1,014,828

 

(1) Because Mr. Clarkson’s departure was a retirement under the Company’s equity plans, as a consequence, his restricted stock grants will vest in full and all restrictions on such shares lapsed upon his termination and his unvested stock options (other than the grant he received in 2008) will continue to vest and (together with his vested stock options) be exercisable for five years from the date of termination or, if shorter, the remaining stated term of each option.

 

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