Grants of Plan-Based Awards for Fiscal 2015 The following table provides information concerning awards granted in Fiscal 2015 to our named executive officers. As disclosed in greater detail elsewhere in this report, Mr. Falcone’s employment with the Company was 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 SEC disclosure rules require that this 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 | | Grant Date | | Estimated Possible Payouts Under Non- Equity Incentive Plan Awards | | All Other Stock Awards: Number of Shares of Stock or Units (2) | | All Other Option Awards: Number of Securities Underlying Options (2) | | Exercise or Base Price of Option Awards ($/Sh) | | Grant Date Fair Value ($) (3) | | | Threshold | | Target ($) (1) | | Maximum | | | | | Omar M. Asali | | | | | | 2,500,000 |
| | | | | | | | | | | | | 11/25/2014 | | | | | | | | | | 340,232 |
| | 13.36 |
| | 1,809,401 |
| | | 11/25/2014 | | | | | | | | 774,609 |
| | | | | | 10,348,776 |
| Thomas A. Williams | | | | | | 1,000,000 |
| | | | | | | | | | | | | 11/25/2014 | | | | | | | | | | 122,344 |
| | 13.36 |
| | 648,673 |
| | | 11/25/2014 | | | | | | | | 278,542 |
| | | | | | 3,721,321 |
| David M. Maura | | | | | | 2,000,000 |
| | | | | | | | | | | | | 11/25/2014 | | | | | | | | | | 165,848 |
| | 13.36 |
| | 866,770 |
| | | 11/25/2014 | | | | | | | | 377,588 |
| | | | | | 5,044,576 |
| Michael Sena | | | | | | 200,000 |
| | | | | | | | | | | | | 11/25/2014 | | | | | | | | | | 20,709 |
| | 13.36 |
| | 109,200 |
| | | 11/25/2014 | | | | | | | | 47,148 |
| | | | | | 629,897 |
| Phillip A. Falcone | | | | | | — |
| | | | — |
| | — |
| | — |
| | — |
|
| | | (1) | This reflects the target payouts to our named executive officers pursuant to the 2015 Bonus Plan with respect to services performed for the Company during Fiscal 2015. Note that the 2015 Bonus Plan is payable 40% in cash and 60% in equity and such equity was granted after September 30, 2015. In accordance with SEC rules, the equity portion (payable in stock, restricted stock and options) is not reportable in this report’s Grants of Plan Based Award table or Summary Compensation table, but will be reported in next year’s tables for Fiscal 2016. The maximum bonus payment to any individual under the 2015 Bonus Plan with respect to any year is subject to the $20 million Award Cap. | (2) | All restricted stock and option awards made in Fiscal 2015 were granted pursuant to the 2014 Bonus Plan. | (3) | This column reflects the aggregate grant date fair value of the option and stock 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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