This excerpt taken from the SU 6-K filed Mar 16, 2007.
Mid- and long-term incentives Our executive officers and other senior management participate in three mid- and long-term incentive programs: (i) the ESP; (ii) the Performance Share Unit Plan (PSU Plan); and (iii) the SunShare Performance Stock Option Plan (SunShare Plan). See Summary of Equity Compensation Plans on page 27 for a detailed description of these plans. For details of these grants to the Named Executive Officers, see Option/SAR Grants During the Most Recently Completed Fiscal Year on page 23.
Effective January 30, 2007, the Board of Directors approved the grant of options, PSUs and LARs to the Named Executive Officers, and certain other eligible employees under the terms of the ESP and the PSU Plan. The exercise price of the options is $87.45 per share, based on the market price of common shares on the date prior to the effective grant date. Executive officers, including the Named Executive Officers, were awarded a number of LARs equal to the number of options granted. The table below outlines the awards made to the Named Executive Officers effective January 30, 2007.