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TEN-YEAR OPTION/SAR REPRICINGS
The table below lists certain information regarding our executive officers that elected to participate in our Stock Option Exchange
Program, which you approved at a Special Meeting on January 25, 2002. Even though our Stock Option Exchange Program was not a
"repricing" under GAAP, we are, nevertheless, required to provide this information. Under the Program, all of our employees, excluding
our then six most senior executive officers, were given a one-time opportunity to exchange all of their then current options for
proportionately fewer options at a new exercise price. The only named executive officer eligible to participate in the Program was
Mr. Palumbo. He was not one of our six most senior executive officers at the time the Program was offered. More information about
the Program can be found on page 113 in the Report of the Executive Compensation and Development Committee.
 |
|
Name
|
Date |
Number of Securities Underlying Options/SARs Repriced or Amended
(#)(a) |
|
Market Price of Stock at Time of Repricing or Amendment
($) |
|
Exercise Price at Time of Repricing or Amendment
($)(b) |
|
New Exercise Price
($) |
|
Length of Original Option Term Remaining at Date of Repricing or Amendment (c) |
|
M. P. Benard
Vice President |
|
8/26/02 |
|
56,068 |
|
$31.30 |
|
$54.12 |
|
$31.30 |
|
69 months |
|
| |
R. L. Berman
Vice President |
|
8/26/02 |
|
49,923 |
|
$31.30 |
|
$45.93 |
|
$31.30 |
|
92 months |
|
| |
C. S. Brown, Jr.
Senior Vice President |
|
8/26/02 |
|
120,489 |
|
$31.30 |
|
$51.08 |
|
$31.30 |
|
75 months |
|
| |
C. E. Gustin, Jr
Senior Vice President |
|
8/26/02 |
|
125,197 |
|
$31.30 |
|
$55.38 |
|
$31.30 |
|
66 months |
|
| |
C. A. Marchetto
Senior Vice President |
|
8/26/02 |
|
58,701 |
|
$31.30 |
|
$45.10 |
|
$31.30 |
|
96 months |
|
| |
D. P. Palumbo
Senior Vice President |
|
8/26/02 |
|
133,043 |
|
$31.30 |
|
$44.29 |
|
$31.30 |
|
100 months |
|
| |
E. G. Rodli
Senior Vice President |
|
8/26/02 |
|
60,501 |
|
$31.30 |
|
$40.48 |
|
$31.30 |
|
103 months |
|
| |
R. P. Rozek
Controller |
|
8/26/02 |
|
21,967 |
|
$31.30 |
|
$35.07 |
|
$31.30 |
|
109 months |
|
| |
W. C. Shih
Senior Vice President |
|
8/26/02 |
|
104,700 |
|
$31.30 |
|
$51.21 |
|
$31.30 |
|
89 months |
|
| |
K. A. Smith-Pilkington
Senior Vice President |
|
8/26/02 |
|
48,867 |
|
$31.30 |
|
$48.36 |
|
$31.30 |
|
90 months |
|
| |
J. C. Stoffel
Senior Vice President |
|
8/26/02 |
|
82,581 |
|
$31.30 |
|
$49.36 |
|
$31.30 |
|
89 months |
|
| |
G. P. Van Graafeiland
Senior Vice President |
|
8/26/02 |
|
114,226 |
|
$31.30 |
|
$52.73 |
|
$31.30 |
|
66 months |
|
| |
|
| (a) |
The amounts shown are the aggregate numbers of shares underlying the options
granted to the executive officers under the Stock Option Exchange Program.
|
| (b) |
The amounts shown are the weighted averages of the exercise prices at the time
of the exchange of the options granted to the executive officers under the Stock
Option Exchange Program.
|
| (c) |
The amounts shown are the weighted average number of months remaining in the
option terms of the options granted to the executive officers under the Stock
Option Exchange Program.
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