nonqualified stock options to purchase 7,222 shares of our Common Stock which vest as follows: 3,611 were vested on the date of grant and 3,611 vest on November 29, 2016. COMPENSATION AND BENEFITS Summary Compensation Table The following table discloses compensation for Fiscal 2015, Fiscal 2014 and Fiscal 2013 received by Messrs. Asali, Williams, Maura, Sena and Falcone, each of whom was a “named executive officer” for all or a portion of Fiscal 2015. As disclosed in greater detail elsewhere in this report, Mr. Falcone’s employment with the Company terminated on December 1, 2014 and Mr. Sena’s employment with the Company terminated on May 20, 2015. In reading the table below, it should be noted that under the Company’s bonus plan, the Company does not pay any bonuses with respect to any fiscal year until the completion of such fiscal year. Pursuant to SEC disclosure rules, cash compensation payable for any fiscal year is included in the column titled “Non-Equity Incentive Plan Compensation” for such fiscal year (although no amounts are actually payable until after the end of such fiscal year). However, in the case of equity awards, the SEC disclosure rules require that the Summary Compensation Table and the Grants of Plan-Based Awards Table include for each fiscal year the aggregate fair value, as of the grant date, of equity awards granted only during the applicable fiscal year. Since under the Company’s bonus plan equity compensation for any fiscal year is not granted until the completion of such fiscal year, the value of such equity is not included in the Summary Compensation Table or the Grants of Plan-Based Awards Table for such year, but in accordance with SEC rules is, or will be, as applicable, included in next year’s compensation disclosure. For instance, equity awards granted pursuant to the 2015 Bonus Plan were issued after the end of our Fiscal 2015 and are not presented in this year’s Summary Compensation Table or the Grants of Plan-Based Awards Table. Such grants will be presented in next year’s tables. Notwithstanding the foregoing, we do disclose these awards in this report under the section titled “Equity Grants Awarded After Fiscal 2015 Pursuant to the 2015 Bonus Plan.” For more details, please see footnote (2) to the Summary Compensation Table.
| | | | | | | | | | | | | | | | | | | | | | | | | Name and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Stock Awards ($) (1) (2) | | Option Awards ($) (1) (2) | | Non-Equity Incentive Plan Compensation ($) (3) | | All Other Compensation ($) (4) | | Total ($) (5) | Omar M. Asali, President and Chief Executive Officer | | 2015 | | 500,000 |
| | — |
| | 10,348,776 |
| | 1,809,401 |
| | 171,000 |
| | 50,000 |
| | 12,879,177 |
| | 2014 | | 500,000 |
| | — |
| | 12,227,772 |
| | 2,017,608 |
| | 7,886,000 |
| | 138,839 |
| | 22,770,219 |
| | 2013 | | 500,000 |
| | — |
| | 10,055,560 |
| | 1,934,395 |
| | 8,000,000 |
| | 49,940 |
| | 20,539,895 |
| Thomas A. Williams, former Executive Vice President
and Chief Financial Officer | | 2015 | | 500,000 |
| | 1,000,000 |
| (6) | 3,721,321 |
| | 648,673 |
| | — |
| | 63,000 |
| | 5,932,994 |
| | 2014 | | 500,000 |
| | — |
| | 4,554,840 |
| | 750,825 |
| | 2,836,000 |
| | 62,750 |
| | 8,704,415 |
| | 2013 | | 500,000 |
| | — |
| | 1,835,004 |
| | 351,865 |
| | 2,980,000 |
| | 60,000 |
| | 5,726,869 |
| David M. Maura, Executive Vice President and Managing Director
| | 2015 | | 500,000 |
| | — |
| | 5,044,576 |
| | 866,770 |
| | 135,000 |
| | 50,000 |
| | 6,596,346 |
| | 2014 | | 500,000 |
| | — |
| | 11,889,468 |
| | 1,966,376 |
| | 3,844,000 |
| | 50,000 |
| | 18,249,844 |
| | 2013 | | 500,000 |
| | — |
| | 8,044,448 |
| | 1,547,516 |
| | 7,778,000 |
| | 50,000 |
| | 17,919,964 |
| Michael J. Sena, former Senior Vice President and Chief Accounting Officer (7) | | 2015 | | 173,077 |
| | — |
| | 629,897 |
| | 109,200 |
| | — |
| | 33,781 |
| | 945,955 |
| | 2014 | | 250,000 |
| | — |
| | 611,388 |
| | 100,084 |
| | 480,000 |
| | 23,231 |
| | 1,464,703 |
| | 2013 | | 211,538 |
| | 100,000 |
| | 83,300 |
| | 108,123 |
| | 400,000 |
| | 19,003 |
| | 921,964 |
| Philip A. Falcone, former Chairman of the Board, and Chief Executive Officer (8) | | 2015 | | 84,615 |
| | — |
| | — |
| | — |
| | 3,300,000 |
| | 20,550,000 |
| | 23,934,615 |
| | 2014 | | 488,462 |
| | — |
| | — |
| | 9,669,990 |
| | 17,500,000 |
| | 50,000 |
| | 27,708,452 |
| | 2013 | | — |
| | — |
| | — |
| | — |
| | — |
| | 50,000 |
| | 50,000 |
|
| | | (1) | All stock and option awards were granted under the Harbinger Group Inc. 2011 Omnibus Equity Award Plan (the “2011 Plan”). These columns reflect the aggregate grant date fair value of the awards computed in accordance with FASB ASC Topic 718 (disregarding any risk of forfeiture assumptions). For a discussion of the relevant valuation assumptions, See Note 18 to Consolidated Financial Statements included in the Original 10-K. |
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