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DIS » Topics » Option Exercises and Stock Unit Vesting During Fiscal 2009

This excerpt taken from the DIS DEF 14A filed Jan 22, 2010.

Option Exercises and Stock Unit Vesting During Fiscal 2009

The following table provides information concerning exercises of options and vesting of restricted stock units held by the named executive officers during fiscal 2009. Information regarding the amounts in the columns follows the table.

 

FISCAL 2009 OPTION EXERCISE AND STOCK VESTED
     Option Awards    Stock Awards
      Number of
Shares
Acquired on
Exercise		   

Value
Realized

on

Exercise

    Number of
Shares
Acquired on
Vesting		    Value
Realized
on Vesting
Robert A. Iger    —      —    457,289    $ 9,736,350
Thomas O. Staggs    500,000    $ 725,159    77,479      1,717,136
Alan N. Braverman    —      —    200,838      4,320,615
Kevin A. Mayer    —      —    13,377      299,432
Christine M. McCarthy    —      —    19,214      433,479
Dennis W. Shuler    —      —    —      —

 

The value realized on exercise of options is equal to the amount per share at which the executive sold shares acquired on exercise (all of which occurred on the date of exercise) minus the exercise price of the options times the number of shares acquired on exercise of the options. The value realized on vesting of stock awards

is equal to the closing market price of the Company’s common stock on the date of vesting times the number of shares acquired upon vesting. The number of shares and value realized on vesting includes shares that were withheld at the time of vesting to satisfy tax withholding requirements.


 

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