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PNC » Topics » Option Exercises & Stock Vested in Fiscal 2006

This excerpt taken from the PNC DEF 14A filed Mar 23, 2007.

Option Exercises & Stock Vested in Fiscal 2006

 

Name

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

Value Realized on
Vesting

($)

     (a)    (b)    (c)    (d)

James E. Rohr

    177,615    $ 3,793,000    176,119    $ 12,038,000

Richard J. Johnson

    —        —      2,500    $ 177,000

William S. Demchak

    172,108    $ 4,280,000    89,638    $ 6,138,000

Joseph C. Guyaux

    240,129    $ 5,676,000    104,116    $ 7,126,000

Timothy G. Shack

    126,716    $ 2,210,000    76,532    $ 5,237,000
(a)   If an officer exercised options with “reload” features in 2006, this column includes the gross amount of shares received by the officer in connection with the exercise of the reloaded option. For more information on reload options, please see page 35.

 

(b)   The dollar amount in this column includes the value realized upon the exercise of various options throughout 2006. This amount was computed by determining the difference between the average of the high and low sales prices of our common stock on the date of exercise (as reported in The Wall Street Journal), less the exercise price.

 

(c)   The number of shares in this column includes shares that vested and were withheld for tax purposes. The number of shares also includes 7,085 restricted phantom common stock units previously deferred by Mr. Demchak.

 

(d)   The dollar amount in this column includes the value realized upon the release of one-half of the shares under our 2003 and 2004 incentive share opportunity programs, the vesting of restricted stock (or deferral of restricted phantom common stock units) awarded in 2003 as part of the bonus program, and the value realized upon the vesting of various other restricted stock grants from September 9, 2002 to July 1, 2003.

 

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"Option Exercises & Stock Vested in Fiscal 2006" elsewhere:

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