Charter 2008 Annual Report Download - page 32

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Table of Contents
2004 were cancelled because Charter did not meet its performance criteria. Mr. Smit will have
520,833 shares vest on August 23, 2008, 200,000 shares vest on each of August 1st of 2008, 2009 and
2010 and 2,026,305 performance shares on March 10, 2009. Mr. Fisher will have 16,666 shares vest on
February 6th in 2008 and 2009, 16,667 shares will vest on each of August 1st of 2008, 2009 and 2010
and 133,920 performance shares vest on March 10, 2009. Mr. Lovett will have 50,000 shares vest on
February 28th of 2008 and 2009, 25,000 shares will vest on April 26, 2008, 100,000 shares vest on each
of March 10th of 2008, 2009 and 2010, 184,548 shares vest on each of August 1st of 2008, 2009 and
2010, 111,780 performance shares will vest on March 26, 2008 and 414,720 performance shares will
vest on March 10, 2009. Mr. Raclin will have 16,666 shares vest on October 10, 2008, 54,143
performance shares vest on March 26, 2008, 50,000 shares vest on each of August 1, 2008, 2009 and
2010 and 213,985 performance shares vest on March 10, 2009. Mr. Quigley will have 16,667 shares
vest on December 5, 2008, 50,000 shares vest on each of August 1st of 2008, 2009 and 2010,
25,000 shares vest on each of August 15th of 2008, 2009 and 2010 and 213,985 performance shares vest
on March 10, 2009.
(3) Based on the closing stock price at December 31, 2007 of $1.17 per share.
(4) Amounts attributed to performance unit awards granted in 2007, which were based on a one-year
performance cycle, and unvested restricted shares. In February 2008, it was determined that Charter met
its performance criteria at 142% of the target. The table below shows the initial grant of performance
units shown in the “Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights
That Have Not Vested” column and the amount of performance shares granted at 142% of the target,
which will vest three years from the grant date, except for the grant of 687,287 performance units to
Mr. Smit, granted pursuant to his employment agreement. Performance shares resulting from such grant
will vest on March 10, 2009.
Performance Units Performance Shares
Name Granted (#) Granted (#)
Neil Smit 579,154 822,399
687,287 975,948
600,000 852,000
Jeffrey T. Fisher 133,741 189,912
50,000 71,000
Michael J. Lovett 518,400 736,128
553,643 786,173
Grier C. Raclin 133,741 189,912
150,000 213,000
Robert A. Quigley 133,741 189,912
150,000 213,000
In addition to his annual grant of 579,154 units and addendum grant of 600,000, Mr. Smit, pursuant to his
employment agreement, was granted 2,061,860 units, one-third of which (687,287 units) were or will be
awarded based on the one-year performance in 2006, 2007 and 2008. If the Company meets its performance
criteria in each year, the units will turn into performance shares on March 10th of 2007, 2008 and 2009. Since
Charter met its performance criteria in 2006 at 160% of its target, Mr. Smit received 1,099,659 performance
shares in 2007. Since Charter met its performance criteria in 2007 at 142% of its target, Mr. Smit received
975,947 performance shares in 2008. All of the performance shares will vest in March 2009.
25
Source: CHARTER COMMUNICATIO, DEF 14A, March 17, 2008