Humana 2014 Annual Report Download - page 141

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133
• stock ownership guidelines for directors and for executive officers;
• the Humana Inc. Ethics Every Day and any waivers thereto; and
• the Code of Conduct for the Chief Executive Officer and Senior Financial Officers and any waivers thereto.
Additional information about these items can be found in, and is incorporated by reference to, our Proxy Statement
for the Annual Meeting of Stockholders scheduled to be held on April 16, 2015.
Material Changes to the Procedures by which Security Holders May Recommend Nominees to the Registrant’s
Board of Directors
None.
Audit Committee Financial Expert
The information required by this Item is herein incorporated by reference from our Proxy Statement for the Annual
Meeting of Stockholders scheduled to be held on April 16, 2015 appearing under the caption “Corporate Governance
– Audit Committee” of such Proxy Statement.
Audit Committee Composition and Independence
The information required by this Item is herein incorporated by reference from our Proxy Statement for the Annual
Meeting of Stockholders scheduled to be held on April 16, 2015 appearing under the caption “Corporate Governance
– Committee Membership and Attendance” of such Proxy Statement.
ITEM 11. EXECUTIVE COMPENSATION
Additional information required by this Item is incorporated herein by reference from our Proxy Statement for the
Annual Meeting of Stockholders scheduled to be held on April 16, 2015 appearing under the captions “Corporate
Governance – Organization & Compensation Committee – Compensation Committee Interlocks and Insider
Participation,” “Director Compensation,” “Compensation Discussion and Analysis,” “Organization & Compensation
Committee Report,” and “Executive Compensation” of such Proxy Statement.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS
Equity compensation plan information
We maintain plans under which options to purchase our common stock and under which awards of restricted stock
may be made to officers, directors, key employees, and consultants. Stock options are granted with an exercise price
equal to the fair market value of the underlying common stock on the date of grant. Our stock plans, as approved by
the Board of Directors and stockholders, define fair market value as the average of the highest and lowest stock prices
reported on the composite tape by the New York Stock Exchange on a given date. Exercise provisions vary, but most
options vest in whole or in part 1 to 3 years after grant and expire 7 to 10 years after grant.