EX-99.1 3 p73727exv99w1.htm EX-99.1 exv99w1
 

     
Exhibit 99.1
Reconciliation of Outstanding Options and Nonvested Awards (other than Options) from 2006 10K to 2007 Proxy Statement to outstanding as of 3/31/2007
                                                                                                 
                                                  Number of                                      
                    All             All Outstanding             securities to be                             Number of     Outstanding  
    All Outstanding             Nonvested             Options and             issued upon                             securities to be     Options and  
    Options and             Performance             Nonvested             exercise of                             issued upon     Nonvested  
    Nonvested             Share and             Awards (other     Additional     outstanding             Performance     Outstanding     exercise of     Awards (other  
    Performance     Canceled     Stock             than options) as     Shares if     options, warrants             Shares     Performance     outstanding     than options) as  
    Share and Stock     Performance     Ownership     Estimated     reported in     Maximum     and rights per 2007     Options     Cancelled     Share Grants     options, warrants     of March 31,  
    Ownership     Shares as of     Grants as of     Performance     2006     Potential     proxy statement     Exercised     1/1/2007-     (Target) as of     and rights as of     2007 for 2002  
    Grants (1)     12/31/2006     12/31/2006     Share Payouts (2)     10K (3)     Payout (4)     (5)     1/1/2007-3/31/2007     3/31/2007     3/31/2007     3/31/2007 (7)     LTIP Only  
     
1994 Plan Options
     741,999                               741,999               741,999       (59,766 )                     682,233       —  
2002 Plan Options
     345,639                               345,639               345,639       (38,832 )                     306,807       306,807  
 
                                                                                        
Subtotal Outstanding Options
                                     1,087,638               1,087,638                               989,040       306,807  
 
                                                                                                
2005 Performance Share Grant
     215,300       (17,910 )     197,390       75 %     148,042       246,738       394,780               (9,475 )     187,915       375,830       375,830  
2006 Performance Share Grant
     274,070       (5,535 )     268,535       100 %     268,535       268,535       537,070               (6,885 )     261,650       523,300       523,300  
2006 Stock Ownership Grant (6)
     12,526               12,526               12,526               —                               —       —  
2007 Performance Share Grant
                                                                             134,917       269,834       269,834  
 
                                                                                        
Subtotal Performance and Stock Ownership Shares
                                     429,103               931,850                               1,168,964       1,168,964  
 
                                                                                                
Total
                                     1,516,741               2,019,488                               2,158,004       1,475,771  
 
                                                                                        
 
(1)   Performance share amounts are original grant at Target (page 115 of 2006 10K)
 
(2)   Best estimates at year-end 2006 of potential payouts of performance share grants (% of Target)
 
(3)   Footnote 16, page 115 of 2006 10K
 
(4)   Proxy statement reflects maximum potential payout (200% of Target) of performance shares — see page 42 of 2007 proxy statement
 
(5)   From equity compensation plans approved by security holders — see page 42 of 2007 proxy statement
 
(6)   2006 Stock Ownership shares were paid out in February 2007 and therefore are not included in the proxy (actual payout was 12,898 shares)
 
(7)   Reflects maximum potential payout (200% of Target) of performance shares. The weighted average exercise price of the outstanding options is $40.70. The weighted average remaining contractual term of the outstanding options is 3.8 years.