Sprint - Nextel 2013 Annual Report Download - page 89

Table of Contents
Option Exercises and Stock Vested
The table below summarizes option awards that were exercised and stock awards that vested in 2013 with respect to each of our named executive
officers.
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Pension Benefits
The table below summarizes, as of December 31, 2013, pension benefits to which our named executive officers are entitled, which include:
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87
Option Awards
Stock Awards
Number of
Shares
Acquired on
Exercise
(#)
Value
Realized on
Exercise
($)(1)
Number of
Shares
Acquired on
Vesting
(#)
Value
Realized on
Vesting
($)(1)
Hesse
—
—
738,781
(2)
4,332,951
Euteneuer
—
—
—
—
Elfman
—
—
221,634
(3)
1,299,883
Johnson
871,267
6,207,777
94,564
(4)
554,618
Wunsch
324,387
2,259,355
96,041
(5)
563,280
Alves
438,683
3,013,752
395,336
(6)
2,431,046
(1)
Amounts reflect the average high and low common stock price as reported on the NYSE composite of the underlying common stock on the day the option shares were
exercised or RSU award vested multiplied by the number of shares that vested or were exercised.
(2)
Mr. Hesse surrendered 323,775 shares of common stock receivable upon the vesting of his RSU award to satisfy tax withholding obligations, resulting in Mr. Hesse
receiving 415,006 shares of our common stock.
(3)
Mr. Elfman surrendered 97,133 shares of common stock receivable upon the vesting of his RSU award to satisfy tax withholding obligations, resulting in Mr. Elfman
receiving 124,501 shares of our common stock.
(4)
Mr. Johnson surrendered 32,352 shares of common stock receivable upon the vesting of his RSU award to satisfy tax withholding obligations, resulting in Mr. Johnson
receiving 62,212 shares of our common stock.
(5)
Mr. Wunsch surrendered 37,505 shares of common stock receivable upon the vesting of his RSU award to satisfy tax withholding obligations, resulting in Mr. Wunsch
receiving 58,536 shares of our common stock.
(6)
Mr. Alves surrendered 61,309 shares of common stock receivable upon the vesting of 158,645 RSUs to satisfy tax withholding obligations, resulting in Mr. Alves receiving
97,336 shares of our common stock. Mr. Alves also vested in 236,691 RSUs that will be delivered to him in 2014.
•
Sprint Retirement Pension Plan (Qualified Plan) designed to provide funded, tax - qualified defined benefits up to the limits on compensation and
benefits under the Internal Revenue Code; and
•
Sprint Supplemental Executive Retirement Plan (SERP), which provides unfunded, non - qualified benefits in excess of the limits applicable to the
Qualified Plan.
Name
Plan Name
Number of
Years Credited
Service (#)
Present Value of
Accumulated
Benefit ($)(1)
Payments
During Last
Fiscal Year ($)
Hesse
—
—
—
—
Euteneuer
—
—
—
—
Elfman
—
—
—
—
Johnson
—
—
—
—
Wunsch
Sprint Retirement Pension Plan
12.7
213,239
—
Sprint Supplemental Executive Retirement Plan
12.7
43,646
—
Alves
Sprint Retirement Pension Plan
6.0
148,644
—
Sprint Supplemental Executive Retirement Plan
6.0
142,138
—
(1)
The Present Value of Accumulated Benefit amounts have been measured as of December 31, 2013, and are based on a number of assumptions, including: (i) a discount rate of
5.3%; (ii) mortality rates based on standard actuarial tables; (iii) no retirements prior to normal retirement age or withdrawals for disability or otherwise prior to retirement; and
(iv) a normal retirement age of 65 for all benefits.