Pizza Hut 2012 Annual Report Download - page 67
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Please find page 67 of the 2012 Pizza Hut 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.YUM! BRANDS, INC.-2013Proxy Statement 49
Proxy Statement
EXECUTIVE COMPENSATION
Name Grant Date
Option/SAR Awards(1) Stock Awards Equity incentive
plan awards:
Number of
unearned
shares, units
or other rights
that have not
vested
(#)(4)
Equity incentive
plan awards:
market or
payout value
of unearned
shares, units or
other rights that
have not vested
($)(3)
Number of
Securities
Underlying
Unexercised
Options/
SARs (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options/
SARs (#)
Unexercisable
Option/
SAR
Exercise
Price
($)
Option/
SAR
Expiration
Date
Number
of Shares
or Units
of Stock
That
Have Not
Vested
(#)(2)
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)(3)
(a)
(b) (c)
(d) (e) (f) (g) (h) (i)
Carucci 1/28/2005 78,048 — $22.53 1/28/2015
1/26/2006 124,316 — $24.47 1/26/2016
1/19/2007 116,302 — $29.61 1/19/2017
1/24/2008 107,085 — $37.30 1/24/2018
1/24/2008 — 133,856(v) $37.30 1/24/2018
2/5/2009 152,232 50,745(i) $29.29 2/5/2019
2/5/2010 86,059 86,059(ii) $32.98 2/5/2020
2/4/2011 30,550 91,650(iii) $49.30 2/4/2021
2/4/2011 — 101,833(vii) $49.30 2/4/2021
2/8/2012 — 115,856(iv) $64.44 2/8/2022
— — 17,760 1,179,264
Pant 7/21/2005 38,596 — $26.53 7/21/2015
1/26/2006 41,440 — $24.47 1/26/2016
1/26/2006 49,726 — $24.47 1/26/2016
1/19/2007 49,844 — $29.61 1/19/2017
1/24/2008 — 133,856(v) $37.30 1/24/2018
1/24/2008 53,543 — $37.30 1/24/2018
2/5/2009 101,488 33,830(i) $29.29 2/5/2019
2/5/2010 57,372 57,373(ii) $32.98 2/5/2020
2/4/2011 25,458 76,375(iii) $49.30 2/4/2021
11/18/2011 — 94,949(ix) $53.84 11/18/2021
2/8/2012 — 115,856(iv) $64.44 2/8/2022
— — 14,656 973,158
(1) Except as follows, all options and SARs listed above vest at a rate of 25% per year over the first four years of the ten-year option term. The first grant expiring on January 27,
2014 for Mr. Su and the grants listed as expiring on November 18, 2015 and May, 17, 2017 for Mr. Grismer were granted with 100% vesting after four years
The actual vesting dates for unexercisable award grants are as follows:
(i) All the unexercisable shares will vest on February5,2013.
(ii) One-half of the unexercisable shares will vest on each of February5,2013 and 2014.
(iii) One-third of the unexercisable shares will vest on each of February4,2013,2014 and 2015.
(iv) One-fourth of the unexercisable shares will vest on each of February8,2013,2014,2015 and 2016.
(v) All unexercisable shares will vest on January24,2013.
(vi) All unexercisable shares will vest on May21,2013.
(vii) All unexercisable shares will vest on February4,2016.
(viii) All unexercisable shares will vest on February5,2015.
(ix) All unexercisable shares will vest on November18,2016.
(2) Amounts in this column represent RSUs that have not vested. In the case of Mr.Su, the 179,697 RSUs represent a 2010 retention award (including accrued dividends)
that vests after fiveyears.
(3) The market value of these awards are calculated by multiplying the number of shares covered by the award by $66.40, the closing price of YUM stock on the NYSE
on December31,2012.
(4) The awards reflected in this column are unvested performance-based PSUs with three-year performance periods that are scheduled to vest on December28,2013
or December27,2014 if the performance targets are met. In accordance with SEC rules, the PSU awards are reported at their maximum payout value. The PSUs for
the performance period ending on December29,2012 are not included in the table as they vested on December29,2012; instead, these PSUs are reported in the
Option Exercises and Stock Vested table on page 50 .