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Quotes & Info
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| NPO > SEC Filings for NPO > Form 8-K on 9-Apr-2009 | All Recent SEC Filings |
9-Apr-2009
Other Events
Number of Securities
Remaining Available for Future
Number of Securities Issuance Under
to be Issued Upon Weighted-Average Equity Compensation
Exercise of Outstanding Exercise Price of Plans (Excluding
Options, Warrants Outstanding Options, Securities Reflected in
Plan Category and Rights Warrants and Rights Column (a))
(a) (b) (c)
Equity compensation plans approved by security holders 1,184,852 (1) $ 9.43 (2) 749,617
Equity compensation plans not approved by security holders 34,670 (2 ) (3 )
Total 1,219,522 (1) $ 9.43 (2) 749,617 (3)
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(1) Includes 667,064 shares issuable under outstanding unexercised options, 33,229 shares issuable under phantom share awards made to non-employee directors, and 484,479 performance shares at the maximum levels payable for the 2007 - 2009 and 2008 - 2010 performance cycles under the Equity Compensation Plan and does not include the 85,603 restricted shares of our common stock issued under the Equity Compensation Plan that remain subject to forfeiture. As of March 31, 2009, the weighted average remaining life of such options was 3.43 years. No awards of performance shares have been made with respect to the 2009 - 2011 performance cycle.
(2) The weighted average exercise price does not take into account awards of performance shares or phantom shares made under the Equity Compensation Plan and shares deliverable under the Deferred Compensation Plan for Non-Employee Directors.
(3) The Deferred Compensation Plan for Non-Employee Directors does not establish a maximum amount of shares deliverable under that plan.
Non-employee directors may participate in our Deferred Compensation Plan for
Non-Employee Directors. Under this plan, non-employee directors may defer
receipt of all or part of the cash portion of their annual retainer fee.
Participants choose between two investment alternatives, a cash account and a
stock account. Deferred fees in a director's cash account are credited with an
investment return based on the director's selection from the same menu of
investment options available under our Retirement Savings Plan for Salaried
Employees. Deferred fees in a director's stock account are credited with stock
units at then fair market value of our common stock, which units thereafter have
a value on a given date equal to the fair market value of one share of our
common stock on that date. All amounts deferred are payable when a director
retires from the board.
At March 31, 2009, there were a total of 85,603 restricted shares of our
common stock issued under the Equity Compensation Plan that remain subject to
forfeiture. The foregoing amount does not include an inducement award of 53,500
restricted shares of our common stock made to our Chief Executive Officer,
Stephen E. Macadam, in 2008 outside the Equity Compensation Plan, one-third of
which shares vest on the third anniversary of the date of grant, one-third vest
on the fourth anniversary of the date of grant and the final one-third vest on
the fifth anniversary of the date of grant.
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