Schedule 14A


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Option Exercises and Stock Vested in Fiscal 2016


 

 

 

 

 

 

 

 

 

 

 

Option Awards 

 

Stock Awards 

Name

 

Number of

Shares

Acquired

on Exercise

(#)

 

Value

Realized

on Exercise

($)

 

Number of

Shares

Acquired

on Vest (1)

(#)

 

Value

Realized

on Vest (2)

($)




















 

 

 

 

 

 

 

 

 

Jeffrey Graves

 



 



 

4,011

 

240,112

Jeffrey Oldenkamp

 



 



 

543

 

31,303

William Bachrach

 



 



 

1,469

 

85,397

John Emholz

 



 



 

305

 

15,982

David Hore

 



 



 



 



Catherine Powell

 



 



 

195

 

11,673


(1)

The number of shares acquired equals the difference between the number of restricted stock units vested and the number of shares of stock withheld by the Company to cover tax obligations. The number of restricted stock units that vested before the withholding was for Dr. Graves 6,042, Mr. Oldenkamp 836, Mr. Bachrach 2,185, Mr. Emholz 497 and Ms. Powell 294. Mr. Hore did not have any restricted stock units vest during fiscal 2016.

(2)

The value realized on the vesting of the restricted stock units is the fair market value of our Common Stock at the time of vesting.
Non-Qualified Deferred Compensation
Our Executive Deferred Compensation Plan is a non-qualified plan that provides a select group of employees, including all of the named executive officers, with the option to defer up to 90% of base salary or short-term cash incentive. Independent directors are also eligible to participate in the Executive Deferred Compensation Plan and may elect to defer up to 100% of the director's fees we pay.
Participants' deferred compensation accounts earn a monthly rate of return based on an established interest rate. The interest rate is approved by the Committee in November of each year for the following calendar year. Historically, the ten-year government treasury note rate as of the first business day of the calendar year has been used. As such, the interest rate for calendar year 2016 was 2.24%.
At the time of the deferral election, participants must also select a distribution date and form of distribution. Participants may elect to receive distribution in a single payment, installments, or combination thereof. Distribution elections cannot change unless the election is to postpone payment until the fifth anniversary of separation from service or, if later, age 60 and the election
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must be made at least 12 months before separation from service. In no case can an earlier distribution election be allowed.


 

 

 

 

 

 

 

 

 

 

 

Name


 

Executive

Contributions

in Last FY

($) (1)


 

Registrant

Contributions

in Last FY

($)


 

Aggregate

Earnings

in Last FY

($) (2)


 

Aggregate

Withdrawals/

Distributions

($)


 

Aggregate

Balance

at Last FYE

($)
























William Bachrach

 

25,351

 



 

1,528

 



 

26,879
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