Harbinger Group Inc.
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SEC Filings

10-K/A
HRG GROUP, INC. filed this Form 10-K/A on 01/27/2017
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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 Vesting
 
 
Value Realized on Vesting ($) (7)
Omar M. Asali
 

 

 
 
441,340

(1)
 
6,041,945

 
 
 
 
 
 
 
382,118

(2)
 
5,231,195

 
 
 
 
 
 
 
98,228

(3)
 
1,344,741

 
 
 
 
 
 
 
8,714

(4)
 
121,386

David M. Maura
 
177,500

 
1,461,287

(6)
 

 
 

 
 
 
 
 
 
 
353,072

(1)
 
4,833,556

 
 
 
 
 
 
 
393,497

(2)
 
5,386,974

 
 
 
 
 
 
 
78,582

(3)
 
1,075,788

 
 
 
 
 
 
 
6,869

(4)
 
95,685

Thomas A. Williams
 
70,000

 
705,439

(5)
 

 
 

 
 
 
 
 
 
 
48,178

(1)
 
659,557

 
 
 
 
 
 
 
138,836

(2)
 
1,900,665

 
 
 
 
 
 
 
39,291

(3)
 
537,894

 
 
 
 
 
 
 
67,102

(8)
 
861,590

 
 
 
 
 
 
 
96,645

(9)
 
1,240,922

(1)
Represents restricted stock awards granted pursuant to the bonus plan for Fiscal 2012, which vested on November 29, 2015.
(2)
Represents restricted stock awards granted pursuant to the bonus plan for Fiscal 2013, which vested on November 29, 2015.
(3)
Represents restricted stock awards granted pursuant to the bonus plan for Fiscal 2014, which vested on November 29, 2015.
(4)
Represents stock awards granted pursuant to the 2015 bonus plan which were fully vested on the November 24, 2015 grant date.
(5)
The value realized on exercise is based on a weighted average stock price derived from a stock price range of $14.88 to $14.93 during a series of exercises that occurred during Fiscal 2016.
(6)
The value realized on exercise is based on a weighted average stock price derived from a stock price range of $13.00 to $13.27 during a series of exercises that occurred during Fiscal 2016.
(7)
The value realized on vesting is based on the stock price of $13.93 on November 24, 2015 and $13.69 on November 30, 2015.
(8)
Represents restricted stock awards granted pursuant to the bonus plan for Fiscal 2013, which vested on January 8, 2016.
(9)
Represents restricted stock awards granted pursuant to the bonus plan for Fiscal 2014, which vested on January 8, 2016.
Pension Benefits
For Fiscal 2016, 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, subject to clawback in later years if certain bonus thresholds are not met. These cash amounts, payable on a deferred basis pursuant to the 2012, 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
 
$

 
$
2,943,000

David M. Maura
 

 
1,122,000

Thomas A. Williams
 

 
1,018,000

Payments Upon Termination and Change of Control
Termination Payments Payable to Messrs. Asali and Maura
The following describes payment that Messrs. Asali and Maura would have been entitled to receive had their employment been terminated in Fiscal 2016 under certain circumstances; however, as noted above in the section titled “Subsequent Events after Fiscal 2016 Year End”, Messrs. Asali and Maura did not receive the payments described below and have entered into new arrangements with the Company that will govern their respective termination payments during Fiscal 2017 (such arrangements

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