Harbinger Group Inc.
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SEC Filings

DEF 14A
HRG GROUP, INC. filed this Form DEF 14A on 07/27/2016
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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

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