SMG » Topics » Option Exercises and Stock Vested for 2008 Fiscal Year

This excerpt taken from the SMG DEF 14A filed Dec 19, 2008.
Option Exercises and Stock Vested for 2008 Fiscal Year
 
                                 
    Option Awards     Stock Awards  
    Number of Shares
          Number of Shares
       
    Acquired on
    Value Realized
    Acquired on
    Value Realized
 
Name
  Exercise
    on Exercise
    Vesting
    on Vesting
 
(a)
  (#)(b)     ($)(c)     (#)(d)     ($)(e)  
 
James Hagedorn
    107,071 (1)     1,603,765 (2)     26,600 (3)     970,368 (5)
David C. Evans
    0       0       0       0  
Barry W. Sanders
    0       0       5,038 (4)     134,061 (6)
Claude L. Lopez
    21,411 (1)     364,619 (2)     0       0  
Denise S. Stump
    2,000 (1)     36,789 (2)     1,000 (3)     36,480 (5)
 
 
(1) Reflects the number of Common Shares acquired upon exercise of NSOs by each NEO during the 2008 fiscal year.
 
(2) Reflects the value realized upon exercise of NSOs and/or SARs by each NEO during the 2008 fiscal year. The value realized upon exercise of an NSO and/or SAR is calculated based on the excess of the closing price of one Common Share on NYSE on the date of exercise over the exercise price of the NSO and/or SAR, multiplied by the number of Common Shares acquired upon exercise. The value reported for Mr. Lopez is in U.S. dollars.
 
(3) Reflects the number of Common Shares acquired by each NEO upon vesting of the related shares of restricted stock during the 2008 fiscal year.
 
(4) Reflects the number of performance shares earned with respect to the 2008 fiscal year. A detailed description of the performance shares and the performance criteria for the 2008 fiscal year is provided in the section captioned “Our Compensation Practices — Setting Compensation Levels for Other NEOs” within the CD&A.
 
(5) Reflects the value realized upon the vesting of shares of restricted stock for each NEO during the 2008 fiscal year. The value realized upon the vesting of restricted stock is calculated by multiplying the number of Common Shares underlying the vested shares of restricted stock by the closing price of the underlying Common Shares on NYSE on the vesting date.
 
(6) Reflects the value realized upon the performance share settlement date for Mr. Sanders during the 2008 fiscal year. The value realized upon settlement of the performance shares is calculated by multiplying the number of Common Shares underlying the settled performance shares by the closing price of the underlying Common Shares on NYSE on the November 5, 2008 settlement date.


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