Option Exercises and Stock Vested in Fiscal 2015
| | | | | | | | | | | | | | | | | | Option Awards | | | Stock Awards | Name | | Number of Shares Acquired on Exercise | | Value Realized on Exercise ($) | | | Number of Shares Acquired on Vesting | | | Value Realized on Vesting ($) (6) | Omar M. Asali | | — |
| | — |
| | | 350,000 |
| (1) | | 4,539,500 |
| | | | | | | | 441,340 |
| (2) | | 5,997,811 |
| | | | | | | | 127,373 |
| (3) | | 1,730,999 |
| | | | | | | | 98,228 |
| (4) | | 1,334,919 |
| Thomas A. Williams | | — |
| | — |
| | | 50,000 |
| (1) | | 623,000 |
| | | | | | | | 48,178 |
| (2) | | 654,739 |
| | | | | | | | 50,949 |
| (3) | | 692,397 |
| | | | | | | | 39,291 |
| (4) | | 533,965 |
| David M. Maura | | 177,500 |
| | 2,415,775 |
| (5) | | 250,000 |
| (1) | | 3,242,500 |
| | | | | | | | 353,072 |
| (2) | | 4,798,248 |
| | | | | | | | 101,898 |
| (3) | | 1,384,794 |
| | | | | | | | 78,582 |
| (4) | | 1,067,929 |
| Michael Sena | | — |
| | — |
| | | — |
| | | — |
| Philip A. Falcone | | — |
| | — |
| | | — |
| | | — |
|
| | | (1) | Represents initial stock awards which fully vested for Messrs. Asali and Maura on October 1, 2014 and for Mr. Williams on March 5, 2015. | (2) | Represents restricted stock awards granted pursuant to the bonus plan for Fiscal 2012, which vested on November 29, 2014. | (3) | Represents restricted stock awards granted pursuant to the bonus plan for Fiscal 2013, which vested on November 29, 2014. | (4) | Represents stock awards granted pursuant to the 2014 bonus plan which were fully vested on the November 25, 2014 grant date. | (5) | The value realized on exercise is based on a weighted average stock price derived from a stock price range of $13.5 to $13.7 during a series of exercises that occurred during Fiscal 2015. | (6) | The value realized on vesting is based on the stock price of $12.97 on October 1, 2014, $13.59 on December 1, 2014 and $12.46 on March 5, 2015. |
Pension Benefits For Fiscal 2015, the Company did not maintain any defined benefit pension plan for the benefit of our named executive officers. Nonqualified Deferred Compensation Our annual bonus program provides for an automatic deferral of payouts in excess of two times the target bonus pool. These cash amounts, payable on a deferred basis pursuant to the 2013 and 2014 Bonus Plans, were previously included as “Non-Equity Incentive Plan Compensation” in the Summary Compensation Table for such fiscal years.
| | | | | | | | | | Name | | Registrant Contributions in Last Fiscal Year | | Aggregate Balance at Last Fiscal Year End | Omar M. Asali | | $ | 5,886,000 |
| | $ | 8,886,000 |
| Thomas A. Williams | | 2,036,000 |
| | 3,126,000 |
| David M. Maura | | 2,244,000 |
| | 5,333,000 |
| Michael Sena | | 320,000 |
| | — |
| Philip A. Falcone | | — |
| | — |
|
Payments Upon Termination and Change of Control Termination Payments Payable to Messrs. Asali, Williams and Maura The following describes payment that Messrs. Asali, Williams and Maura would have been entitled to receive had their employment been terminated in Fiscal 2015 under certain circumstances. Mr. Asali and Mr. Maura’s employment was not terminated in Fiscal 2015 and while Mr. Williams’ employment was terminated in Fiscal 2015, he received payments described under “Williams Retention Agreement” below and not as described in this paragraph. If during the term of the amended and restated employment agreements, the Company terminates an executive’s employment without “Cause” (as defined in each amended and restated employment agreement) or if the executive terminates his employment for “Good Reason” (as defined below), subject to the executive executing a general release of claims in favor of the Company, the Company is required to pay or provide the executive with: (i) his base salary for twelve months in continuing installments; (ii) vesting of the initial equity grant on the dates it would otherwise have vested (and the restrictions on the restricted stock will lapse) had executive continued to be an active employee of
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