NKE » Topics » Director Compensation for Fiscal 2007
This excerpt taken from the NKE DEF 14A filed Aug 3, 2007.
Director Compensation for Fiscal 2007
Name
Fees Earned or Paid in Cash ($)
Option Awards (1) ($)
All Other Compensation (2) ($)
Total
($)
John G. Connors
$
63,500
$
71,670
—
$
135,170
Jill K. Conway
41,000
71,670
$
34,974
147,644
Timothy D. Cook
55,500
93,374
5,000
153,874
Ralph D. DeNunzio
74,500
89,587
20,000
184,087
Alan B. Graf, Jr.
65,500
71,670
—
137,170
Douglas G. Houser
58,000
89,587
20,000
167,587
Jeanne P. Jackson
59,500
71,670
5,000
136,170
Johnathan A. Rodgers
33,000
53,373
—
86,373
Orin C. Smith
65,500
71,670
20,000
157,170
John R. Thompson, Jr.
37,500
71,670
27,472
136,642
(1)
Represents the amount of compensation expense recognized under FAS 123R in fiscal 2007 with respect to annual director options granted in fiscal 2007 and fiscal 2006,
disregarding estimated forfeitures. Compensation expense is equal to the grant date fair value of the options estimated using the Black-Scholes option pricing model, and is recognized ratably over the one-year vesting period. On September 18,
2006, each listed director other than Messrs. DeNunzio, Houser and Rodgers was granted an option for 8,000 shares with an exercise price of $41.485 per share, which was the closing market price of our Class B Common Stock on
September 15, 2006, the last trading day prior to the grant date. The grant date fair value of each of these options was $70,300, or $8.79 per share covered by the option. On September 18, 2006, each of Messrs. DeNunzio and Houser was
granted an option for 10,000 shares with an exercise price of $41.485 per share, which was the closing market price of our Class B Common Stock on September 15, 2006, the last trading day prior to the grant date. The grant date fair
value of each of these options was $87,900, or $8.79 per share covered by the option. On November 16, 2006, Mr. Rodgers was granted an option for 10,000 shares with an exercise price of $47.745 per share, which was the closing market
price of our Class B Common Stock on November 15, 2006, the last trading day prior to the grant date. The grant date fair value of this option was $99,400, or $9.94 per share covered by the option. The assumptions made in determining the
grant date fair values of options under FAS 123R are disclosed in Note 10 of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended May 31, 2007. As of May 31, 2007, non-employee directors
held outstanding options for the following numbers of shares of our Class B Common Stock: Mr. Connors, 26,000; Dr. Conway, 32,000; Mr. Cook, 18,000; Mr. DeNunzio, 48,000; Mr. Graf, 42,000; Mr. Houser, 10,000;
Ms. Jackson, 44,000; Mr. Rodgers, 10,000; Mr. Smith, 34,000; and Mr. Thompson, 32,000.
9
(2)
Includes medical and life insurance premiums paid by us of $14,974 for Dr. Conway and $14,972 for Mr. Thompson. Also includes matching charitable contributions by us under
the NIKE Matching Gift Program, under which directors are eligible to contribute to qualified charitable organizations and we provide a matching contribution to the charities in an equal amount, up to $20,000 in the aggregate for each director
annually. In fiscal 2007, we matched contributions to charities in the following amounts: Dr. Conway, $20,000, Mr. Cook, $5,000, Mr. DeNunzio, $20,000, Mr. Houser, $20,000, Ms. Jackson, $5,000, Mr. Smith, $20,000, and
Mr. Thompson, $12,500.
Bet you've never seen portfolio analytics like these.
