PNC » Topics » Option Exercises and Stock Vested in Fiscal 2008

This excerpt taken from the PNC DEF 14A filed Mar 19, 2009.

Option Exercises and Stock Vested in Fiscal 2008

 

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)

James E. Rohr

   151,945    $ 2,077,000    18,696    $ 1,179,000

Richard J. Johnson

   20,000    $ 552,000    4,587    $ 274,000

William S. Demchak

   65,294    $ 1,163,000    7,156    $ 451,000

Joseph C. Guyaux

   44,334    $ 1,001,000    9,151    $ 577,000

Timothy G. Shack

   58,665    $ 595,000    4,920    $ 310,000

 

(a)   The dollar amount in this column includes the value realized upon the exercise of various options throughout 2008. 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.

 

(b)   The number of shares in this column includes shares that vested and were withheld for tax purposes. The number of shares also includes the following number of restricted phantom common stock units previously deferred by Messrs. Johnson (2,087) and Demchak (7,156).

 

(c)   The dollar amount in this column includes the value realized upon the vesting of other restricted stock grants.

 

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