ZBRA » Topics » Options Granted in Last Fiscal Year
This excerpt taken from the ZBRA DEF 14A filed Apr 10, 2006.
Options Granted in Last Fiscal Year
Number of Securities Underlying Options Granted (#)
Percent of Total Options Granted to Employees in Fiscal Year
Exercise or Base Price ($/Sh)
Value at Assumed Annual Rates of Stock Price Appreciation for Option Term(2)
Edward L. Kaplan
Hugh K. Gagnier
Charles R. Whitchurch
Michael H. Terzich
Non-qualified options granted under the Companys 1997 Stock Option Plan at an exercise price equal to the closing market price on the date of grant. Such options are exercisable as follows: 15% on the first anniversary date in 2006, 17.5% on the second anniversary date in 2007, 20% on the third anniversary date in 2008, 22.5% on the fourth anniversary date in 2009, and 25% on the fifth anniversary date in 2010, and vesting accelerates upon a change in control in accordance with the terms of the 1997 Option Plan.
The potential prices per share at expiration date and aggregate potential realizable values result from calculations assuming 5% and 10% growth rates in share price as prescribed by the SEC and are not intended to forecast future price appreciation of Class A Common Stock of the Company nor the actual value that the Named Officers will realize. Named Officers will realize the indicated values only if the price of the Companys Class A Common Stock appreciates by the hypothetical annual percentage increases indicated.
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