Kodak 2009 Annual Report Download - page 206

Download and view the complete annual report

Please find page 206 of the 2009 Kodak 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 264

  • 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
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264

62
Grant Date
Named
Executive
Officers
Receiving
Award
Grant Date
Fair Value of
Award
($)
Risk-Free
Rate
(%)
Expected
Option
Life
(years)
Expected
Volatility
(%)
Expected
Dividend
Yield
(%)
10/16/2007
M.J. Hellyar
5.18
3.16
4
30.58
2.02
A.M. Perez
7.70
3.59
7
35.15
1.90
12/11/2007
F.S. Sklarsky
7.70
3.59
7
35.15
1.90
P.J. Faraci
5.18
3.16
4
30.58
2.02
12/11/2007
M.J. Hellyar
5.18
3.16
4
30.58
2.02
A.M. Perez
0.91
1.82
6
32.17
7.42
F.S. Sklarsky
0.91
1.82
6
32.17
7.42
P.J. Faraci
0.91
1.82
6
32.17
7.42
R.L. Berman
0.91
1.82
6
32.17
7.42
12/9/2008
M.J. Hellyar
0.91
1.82
6
32.17
7.42
A.M. Perez
2.10
2.69
6
45.34
0.00
10/14/2009
P.J. Faraci
2.10
2.69
6
45.34
0.00
(4) Amounts represent payments under the EXCEL plan for performance in 2007, 2008 and 2009. See the Grants of Plan-Based
Awards in 2009 Table for the potential payouts for each Named Executive Officer, which depend upon performance. For a
description of the performance criteria, see "2009 EXCEL Plan Design and Performance Results – Performance Metrics" under
Compensation Discussion and Analysis. Mr. Faraci and Ms. Hellyar received the above-target portion of their 2007 EXCEL award
in the form of fully-vested shares of common stock which were awarded on March 27, 2008. Named Executive Officers did not
receive any non-equity incentive compensation for 2008 because no 2008 EXCEL awards were earned.
(5) This column reports the aggregate change in the present value of the Named Executive Officer’s accumulated benefits under
KRIP, KURIP and supplemental individual retirement arrangements, to the extent a Named Executive Officer participates, and the
estimated above-market interest, if any, earned during the year on deferred compensation balances. The breakdown of these
figures is shown in the table below:
2007
2008
2009
Executive
Pension
Value
Above-
Market
Interest(a)
Total
Value
Pension
Value
Above-
Market
Interest(a)
Total
Value
Pension
Value(b)
Above-
Market
Interest(a)
Total
Value
A.M.
Perez
$491,469
$28,091
$519,560
$3,434,567
$3,728
$3,438,295
$2,468,046
$0
$2,468,046
F.S.
Sklarsky
104,165
104,165
119,720
119,720
191,801
191,801
P.J.
Faraci
386,094
386,094
341,208
341,208
692,301
692,301
J.P. Haag
478,878
0
478,878
R.L.
Berman
98,186
2,571
100,757
511,865
0
511,865
Former Executive
M.J. Hellyar
0
4,093
4,093
0
517
517
0
0
0
(a) A Named Executive Officer’s deferral account balances are credited with interest at the “prime rate” as reported daily in the
Wall Street Journal, compounded monthly. Above-market interest is calculated as the difference between the prime rate and
120% of the Applicable Federal Rate (AFR) for the corresponding month.