This excerpt taken from the PNC DEF 14A filed Mar 23, 2007.
Option Exercises & Stock Vested in Fiscal 2006
Number of Shares Acquired on Exercise (#)
Value Realized on Exercise ($)
Number of Shares Acquired on Vesting (#)
Value Realized on Vesting
James E. Rohr
Richard J. Johnson
William S. Demchak
Joseph C. Guyaux
Timothy G. Shack
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.
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.
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.
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.