UB » Topics » 2007 Option Exercises and Stock Vested
This excerpt taken from the UB DEF 14A filed Apr 18, 2008.
2007 Option Exercises and Stock Vested
Number of Shares Acquired on Exercise
Value Realized on Exercise
Number of Shares Acquired on Vesting
Value Realized on Vesting
David I. Matson
Philip B. Flynn
JoAnn M. Bourne
John C. Erickson
expatriate officers, Messrs. Tanaka and Morimura do not receive grants of options or restricted stock under the Year 2000 UnionBanCal Corporation Management Stock Plan or
grants of performance shares under the 1997 UnionBanCal Corporation Performance Share Plan.
payouts of performance shares for 2005 awards under the 1997 UnionBanCal Corporation Performance Share Plan. These awards reflect UnionBanCal's performance over 2005, 2006
and 2007 as measured by ROE in relation to our peer group. The 2005 awards paid at maximum because our ROE was above the peer group 75th percentile on average over the
three-year performance cycle. These awards were paid in cash; however, these awards are reported as the number of shares represented by this cash payout because the cash payout was tied to
the value of our common stock. Therefore, these numbers do not reflect actual shares of UnionBanCal common stock, but performance shares that were paid in cash.
1,500 shares of restricted stock which vested in 2007.
3,750 shares of restricted stock which vested in 2007.
2,500 shares of restricted stock which vested in 2007.
"2007 Option Exercises and Stock Vested" elsewhere: