Charter 2008 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2008 Charter annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

Table of Contents
Outstanding Equity Awards At Fiscal Year End
The following table provides information concerning unexercised options and unvested restricted stock
and performance units for each of the Company’s Named Executive Officers, which remained outstanding as
of December 31, 2007. None of the Company’s Named Executive Officers have been granted incentive-based
stock options.
Stock Awards
Equity
Equity Incentive:
Incentive Plan Awards
Plan Awards: Market or
Option Awards Number of Pay out Value
Number of Number of Market Unearned of Unearned
Number of Securities Shares or Value of Shares, Units Shares,
Securities Underlying Units of Shares or or Other Units or
Underlying Unexercised Option Stock Units of Stock Rights Other Rights
Unexercised Options (#) Exercise Option That Have That Have That Have That Have
Options (#) Unexercisable Price Expiration Not Not Vested Not Vested Not Vested
Name Exercisable (1) ($) Date Vested (2) ($)(3) (#)(4) ($)(3)
Neil Smit 1,784,272 1,111,111 1.18 8/22/2015 3,147,138 3,682,151 1,866,441 2,183,736
186,150 1.00 3/10/2016
248,200 2.84 3/9/2017
Jeffrey T.
Fisher 750,000 1.19 1/20/2016 217,253 254,186 183,741 214,977
109,350 1.00 3/10/2016
57,300 2.84 3/9/2017
Michael J.
Lovett 100,000 5.06 7/23/2013 1,505,143 1,761,017 1,072,043 1,254,290
58,125 19,375 5.17 1/27/2014
9,375 3,125 4.56 4/27/2014
61,500 20,500 2.87 10/26/2014
54,000 108,000 1.30 4/26/2015
324,000 1.20 2/28/2016
864,000 2.84 3/9/2017
Grier C.
Raclin 61,450 122,900 1.36 10/10/2015 434,794 508,709 283,741 331,977
42,975 1.00 3/10/2016
57,300 2.84 3/9/2017
Robert A.
Quigley 36,450 72,900 1.25 12/5/2015 455,652 533,113 283,741 331,977
42,975 1.00 3/10/2016
57,300 2.84 3/9/2017
(1) All option awards vest in equal installments over a four-year period from the grant dates. Mr. Smit will
have 1,111,111 options vest on August 22, 2008, 62,050 options vest on each of March 10th of 2008,
2009 and 2010, and 62,050 options vest on each of March 9th of 2008, 2009, 2010 and 2011. Mr. Fisher
will have 250,000 options vest on each of January 20th of 2008, 2009 and 2010, 36,450 options vest on
each of March 10th of 2008, 2009 and 2010, and 14,325 options vest on each of March 9th of 2008,
2009, 2010 and 2011. Mr. Lovett will have 19,375 options vest on January 27, 2008, 3,125 options vest
on April 27, 2008, 20,500 options vest on October 26, 2008, 54,000 options vest on April 26th of 2008
and 2009, 108,000 options vest on each of February 28th of 2008, 2009 and 2010 and 216,000 options
vest on each of March 9th of 2008, 2009, 2010 and 2011. Mr. Raclin will have 61,450 options vest on
each of October 10th of 2008 and 2009, 14,325 options vest on each of March 10th of 2008, 2009 and
2010, and 14,325 options vest on each of March 9th of 2008, 2009, 2010 and 2011. Mr. Quigley will
have 36,450 options vest on each of December 5th of 2008 and 2009, 14,325 options vest on each of
March 10th of 2008, 2009 and 2010 and 14,325 options vest on each of March 9th of 2008, 2009, 2010
and 2011.
(2) All restricted stock awards vest in equal installments over a three-year period from the grant dates. All
2005 and 2006 performance unit awards were based on a one-year performance cycle. Since Charter met
its certain performance criteria at 86.25% of the target in 2005 and 160% of the target in 2006, the units
became performance shares which will vest on the third anniversary of the grant date. All performance
units granted in
24
Source: CHARTER COMMUNICATIO, DEF 14A, March 17, 2008