This excerpt taken from the PBI DEF 14A filed Mar 23, 2006.
SUMMARY COMPENSATION TABLE (CONTINUED)
Shown in Table II below is information regarding options granted in 2005 to the Named Executive Officers.
Shown in Table III below is information regarding the exercise of options in 2005 by the Named Executive Officers and information regarding their total outstanding options as of December 31, 2005.
This excerpt taken from the PBI DEF 14A filed Mar 24, 2005.
OPTIONS EXERCISED IN 2004 AND 2004 YEAR-END OPTION VALUES
Table IV, which follows, shows detailed information regarding long-term incentives (other than options) granted under the Key Employees Incentive Plan in 2004. Long-term incentives are contingent upon the attainment of one or more specified performance objectives. Specified payments, if any, under the terms of these incentives are paid only to the extent that the stated performance objectives are achieved.
In 2004, a committee of the board of directors, consisting solely of all independent directors, granted CIUs as long-term incentives. CIUs represent a defeasible right to receive cash, the receipt and amount of which are contingent upon the extent to which specified performance objectives are attained during the related three-year period.