JWN » Topics » Outstanding Equity Awards: Stock Option Vesting Schedule

This excerpt taken from the JWN DEF 14A filed Apr 9, 2009.

Outstanding Equity Awards: Stock Option Vesting Schedule

 

The following table shows the grant date, vesting schedule, and expiration date for all unvested stock options as of the fiscal year ended January 31, 2009. All stock option grants have a 10-year term and a four-year vesting schedule of 25% per year.

 

Grant Date      Vesting Schedule   Expiration Date

2/23/05

     25% per year with a remaining vesting date of 2/23/09   2/23/15

2/22/06

     25% per year with remaining vesting dates of 2/22/09 and 2/22/10   2/22/16

3/1/07

     25% per year with vesting dates of 3/1/09, 3/1/10 and 3/1/11   3/1/17

2/28/08

     25% per year with vesting dates of 2/28/09, 2/28/10, 2/28/11 and 2/28/12   2/27/18

 

This excerpt taken from the JWN DEF 14A filed Apr 10, 2008.

Outstanding Equity Awards: Stock Option Vesting Schedule

 

The following table shows the grant date, vesting schedule, and expiration date for all unvested stock options as of the fiscal year ended February 2, 2008. All stock option grants have a 10-year term and a four-year vesting schedule of 25% per year.

 

Grant Date      Vesting Schedule   Expiration Date

2/25/04

     25% per year with a remaining vesting date of 2/25/08   2/25/14

2/23/05

     25% per year with remaining vesting dates of 2/23/08 and 2/23/09   2/23/15

2/22/06

     25% per year with remaining vesting dates of 2/22/08, 2/22/09 and 2/22/10   2/22/16

3/1/07

     25% per year with vesting dates of 3/1/08, 3/1/09, 3/1/10 and 3/1/11   3/1/17

 

This excerpt taken from the JWN DEF 14A filed Apr 12, 2007.

Outstanding Equity Awards: Stock Option Vesting Schedule

 

The following table shows the grant date, vesting schedule, and expiration date for all unvested stock options as of the fiscal year ended February 3, 2007. All stock option grants have a 10-year term and a four-year vesting schedule of 25% per year, with the exception of the August 12, 1999 grant of performance-based stock options as discussed in the table’s footnote (a).

 

Grant Date    Vesting Schedule    Expiration Date

8/12/99

   100% will vest on 2/25/07 (a)    8/12/09

2/18/03

   25% per year with a remaining vesting date of 2/18/07    2/18/13

3/5/03

   25% per year with a remaining vesting date of 3/5/07    3/5/13

2/25/04

   25% per year with remaining vesting dates of 2/25/07 and 2/25/08    2/25/14

2/23/05

   25% per year with remaining vesting dates of 2/23/07, 2/23/08 and 2/23/09    2/23/15

2/22/06

   25% per year with vesting dates of 2/22/07, 2/22/08, 2/22/09 and 2/22/10    2/22/16

 

(a) In 1999, the Company awarded performance-based stock options to eligible employees that had an eight-year cliff vest, with the opportunity for accelerated vesting based on stock price. Mike Koppel received a grant of these performance-based options on August 12, 1999. Since the performance-based criteria for the grant was not met, the options continued to vest through the vesting period ending February 25, 2007, and will expire 10 years from the date Mike Koppel received his award.

 

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