| |
YOUR VOTE IS IMPORTANT. Whether or not you plan to attend the meeting, please vote by (1) using the Internet website shown on the Notice, (2) using the Internet website or toll-free telephone number shown on the proxy card (if included), or (3) completing, signing, dating and mailing the proxy card (if included) promptly in the enclosed envelope. It is important that you return the proxy card (if included) or otherwise submit a vote on the Internet or by telephone promptly whether or not you plan to attend the meeting, so that your shares are properly voted.
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| |
| | If you hold shares through a broker, bank or other nominee (in “street name”), you may receive a separate voting instruction form, or you may need to contact your broker, bank or other nominee to determine whether you will be able to vote electronically using the Internet or telephone. | | |
Director (age as of May 15)
|
| |
Year First
Became a Director |
| |
Business Experience During Past 5 Years
|
| |
Term to Expire in
|
|
Norman R. Bobins (72)
|
| |
2015
|
| |
Mr. Bobins brings to our board years of banking experience, financial and accounting knowledge and experience as a director of public companies. Mr. Bobins was appointed to our Board effective April 1, 2015 pursuant to that certain Agreement and Plan of Merger, dated October 30, 2014, whereby Aviv REIT Inc. (“Aviv”) merged with and into a wholly owned subsidiary of Omega (the “Merger Agreement”). Mr. Bobins served as a director of Aviv from March 26, 2013 until our merger with Aviv on April 1, 2015. Prior to that, Mr. Bobins served as a member of the advisory board of Aviv Asset Management LLC from 2009 until March 26, 2013. Mr. Bobins was named Non-Executive Chairman of The PrivateBank and Trust Company, a bank subsidiary of PrivateBancorp, Inc., in July 2008. From May 2007 until October 2007, Mr. Bobins was Chairman of the Board of LaSalle Bank Corporation and thereafter served as Chairman Emeritus until July 2008. From 2003 to 2007, he was President and Chief Executive Officer of LaSalle Bank Corporation. From 2006 to 2007, he was President and Chief Executive Officer of ABN AMRO North America. Mr. Bobins also serves on the boards of directors of AAR Corp., AGL Resources Inc., Transco Inc. and RREEF America REIT II, Inc. In the past five years, Mr. Bobins also served on the board of Hyatt Hotels Corporation and Nicor, Inc. and SIMS Metal Management.
|
| |
2015
|
|
Craig R. Callen (59)
|
| |
2013
|
| |
Mr. Callen brings to our Board financial and operating experience as an advisor, investment banker and board member in the healthcare industry. Mr. Callen is currently a Senior Advisor at Crestview Partners, a private equity firm. Mr. Callen retired as Senior Vice President of Strategic Planning and Business Development for Aetna Inc., where he also served as a Member of the Executive Committee from 2004-2007. In his role at Aetna, Mr. Callen reported directly to the
|
| |
2015
|
|
Director (age as of May 15)
|
| |
Year First
Became a Director |
| |
Business Experience During Past 5 Years
|
| |
Term to Expire in
|
|
| | | | | |
Chairman and CEO and was responsible for oversight and development of Aetna’s corporate strategy, including mergers and acquisitions. Prior to joining Aetna in 2004, Mr. Callen was a Managing Director and Head of U.S. Healthcare Investment Banking at Credit Suisse and co-head of Health Care Investment Banking at Donaldson Lufkin & Jenrette. During his 20 year career as an investment banker in the healthcare practice, Mr. Callen successfully completed over l00 transactions for clients and contributed as an advisor to the boards of directors and managements of many of the leading healthcare companies in the U.S. Mr. Callen currently serves as a board member of HMS Holdings, Inc. (NYSE-HSMY), and Classical Homes Preservation Trust. Previously he served on the boards of Symbion, Inc., a Crestview portfolio company, Sunrise Senior Living, Inc. (NYSE-SRZ) and Kinetic Concepts, Inc. (NYSE-KCI). Mr. Callen is a graduate of Boston University and the Harvard Business School.
|
| | | |
Thomas F. Franke (85)
|
| |
1992
|
| |
Mr. Franke brings to our Board years of experience in the operation of real estate companies, including long-term care providers. Mr. Franke is Chairman and a principal owner of Cambridge Partners, Inc., an owner, developer and manager of multifamily housing in Grand Rapids, Michigan. He is also a founder in 1992 of Laurel Health Care, Inc. (a private nursing home firm operating in the eastern United States) and serves as the Chairman Emeritus of Laurel. At one time, he was a principal owner of Abacus Hotels LTD. (a private hotel firm in the United Kingdom). Mr. Franke was a founder and previously a Director of Principal Healthcare Finance Limited and Omega Worldwide, Inc.
|
| |
2015
|
|
Bernard J. Korman (83)
|
| |
1993
|
| |
Mr. Korman brings to our Board extensive experience in healthcare, experience as a director of a real estate investment trust (“REIT”), and experience as a Chairman from his former role as Chairman of Pep Boys. Mr. Korman has served as Chairman of the Board since March 8, 2004. Mr. Korman served as Chairman of the Board of Trustees of Philadelphia Health Care Trust, a private
|
| |
2015
|
|
Director (age as of May 15)
|
| |
Year First
Became a Director |
| |
Business Experience During Past 5 Years
|
| |
Term to Expire in
|
|
| | | | | |
healthcare foundation, from December 1995 to June 30, 2010. Mr. Korman is also a Director of The New America High Income Fund, Inc. (NYSE:HYB) (financial services) and a past Director of Medical Nutrition USA, Inc., a nutritional products company and NutraMax Products, Inc., a consumer health care products company. He was formerly President, Chief Executive Officer and Director of MEDIQ Incorporated, a publicly held health care service provider from 1977 to 1995. Mr. Korman served as a Trustee of Kramont Realty Trust (NYSE:KRT), a publicly held REIT, from June 2000 until its merger in April 2005. Mr. Korman also served as a Director of The Pep Boys, Inc. (NYSE:PBY) from 1983, and as Chairman of the Board from May 2003, until his retirement from such Board in September 2004. Mr. Korman was previously a Director of Omega Worldwide, Inc.
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| | | |
Director (age as of May 15)
|
| |
Year First
Became a Director |
| |
Business Experience During Past 5 Years
|
| |
Term to
Expire in |
|
Edward Lowenthal (70)
|
| |
1995
|
| |
Mr. Lowenthal brings to our Board years of experience in the development and operation of real estate. Mr. Lowenthal currently serves as a Director of American Campus Communities (NYSE:ACC) (a public developer, owner and operator of student housing at the university level and serves as a trustee of the Manhattan School of Music). From 2004 to 2013, he was a Director of Desarrolladora Homex (NYSE: HXM) (a Mexican homebuilder) and serves as a Trustee of the Manhattan School of Music. Mr. Lowenthal also served as non-executive Chairman of REIS, Inc. (a public provider of real estate market information and valuation technology (NASDAQ:REIS) from November 2010 until his term expired in 2012. From January 1997 to March 2002, Mr. Lowenthal served as President and Chief Executive Officer of Wellsford Real Properties, Inc. (a real estate merchant bank) and was President of the predecessor of Wellsford Real Properties, Inc. since 1986. He is co-founder of Wellsford Strategic Partners, a private real estate investment company and is non-executive Chairman of Tiburon
|
| |
2016
|
|
Director (age as of May 15)
|
| |
Year First
Became a Director |
| |
Business Experience During Past 5 Years
|
| |
Term to
Expire in |
|
| | | | | |
Lockers, Inc., a private rental locker company.
|
| | | |
Ben W. Perks (73)
|
| |
2015
|
| |
Mr. Perks brings to our Board years of public company, financial and accounting experience. Mr. Perks was appointed to our Board effective April 1, 2015 pursuant to the Merger Agreement with Aviv. Mr. Perks served as a director of Aviv REIT, Inc., since 2007 until our merger with Aviv on April 1, 2015. Mr. Perks was the Executive Vice President and Chief Financial Officer of Navigant Consulting, Inc. (“Navigant”), an NYSE-listed company, from May 2000 until his retirement in August 2007. Prior to joining Navigant, Mr. Perks was with PricewaterhouseCoopers LLP for 32 years, including 22 years as a Partner in the Audit and Financial Advisory Services groups.
|
| |
2016
|
|
Stephen D. Plavin (55)
|
| |
2000
|
| |
Mr. Plavin brings to our Board management experience in the banking and mortgage-based real estate investment trust sector, as well as significant experience in real estate capital markets transactions. Mr. Plavin is a Senior Managing Director of the Blackstone Group (since December, 2012) and the Chief Executive Officer and a Director of Capital Trust, Inc., a New York City-based mortgage REIT that is now managed by Blackstone. He has served as CEO of Capital Trust since 2009. From 1998 until 2009, Mr. Plavin was Chief Operating Officer of Capital Trust and was responsible for all of the lending, investing and portfolio management activities of Capital Trust, Inc. Prior to that time, Mr. Plavin was employed for 14 years with Chase Manhattan Bank and its securities affiliate, Chase Securities Inc. Mr. Plavin held various positions within the real estate finance unit of Chase, and its predecessor, Chemical Bank, and in 1997 he became co-head of global real estate for Chase. Mr. Plavin is also a director of WCI Communities, a privately-held developer of residential communities.
|
| |
2016
|
|
Craig M. Bernfield (54)
|
| |
2015
|
| |
Mr. Bernfield brings to our Board extensive business, managerial and leadership experience with over 20 years of experience as an investor in the skilled nursing facilities (“SNF”) industry. Mr. Perks was appointed to our Board effective April 1, 2015 pursuant to the Merger Agreement with Aviv.
|
| |
2017
|
|
Director (age as of May 15)
|
| |
Year First
Became a Director |
| |
Business Experience During Past 5 Years
|
| |
Term to
Expire in |
|
| | | | | |
Mr. Bernfield is former Chairman of the Board of Directors and Chief Executive Officer of Aviv and served in such capacity since he co-founded Aviv Healthcare Properties Limited Partnership in 2005 until our merger with Aviv on April 1, 2015. Prior to co-founding Aviv, Mr. Bernfield was Chief Executive Officer and President of Karell Capital Ventures, Inc. (“KCV”), which he joined in 1990. KCV managed the entities that were combined in 2005 in connection with the formation of our predecessor partnership. Mr. Bernfield has been an investor in the nursing home industry for approximately 20 years and was the co-founder of some of the entities that were combined in 2005.
|
| | | |
Barbara B. Hill (62)
|
| |
2013
|
| |
Ms. Hill brings to our Board years of experience in operating healthcare-related companies. Ms. Hill is currently an Operating Partner of Moelis Capital Partners, a private equity firm, where she focuses on healthcare-related investments and providing strategic and operating support for Moelis’ healthcare portfolio companies. She has served as an Operating Partner of Moelis Capital Partners since March 2011. From March 2006 to September 2010, Ms. Hill served as Chief Executive Officer and a Director of ValueOptions, Inc., a managed behavioral health company, and FHC Health Systems, Inc., its parent company. Prior to that, from August 2004 to March 2006, she served as Chairman and Chief Executive Officer of Woodhaven Health Services, an institutional pharmacy company. In addition, from 2002 to 2003, Ms. Hill served as President and a Director of Express Scripts, Inc., a pharmacy benefits management company. In previous positions, Ms. Hill was responsible for operations nationally for Cigna HealthCare, and also served as the CEO of health plans owned by Prudential, Aetna, and the Johns Hopkins Health System. She was active with the Boards and Committees of the Association of Health Insurance Plans and other health insurance industry groups. Currently, she serves as a Board member of St. Jude Medical Corporation, a medical device company, Revera Inc., a Canadian
|
| |
2017
|
|
Director (age as of May 15)
|
| |
Year First
Became a Director |
| |
Business Experience During Past 5 Years
|
| |
Term to
Expire in |
|
| | | | | |
company operating senior facilities throughout Canada and the U.S. and Integra LifeSciences Holdings Corporation, a medical device company.
|
| | | |
Harold J. Kloosterman (72)
|
| |
1992
|
| |
Mr. Kloosterman brings to our Board years of experience in the development and management of real estate. Mr. Kloosterman has served as President since 1985 of Cambridge Partners, Inc., a company he formed in 1985. He has been involved in the development and management of commercial, apartment and condominium projects in Grand Rapids and Ann Arbor, Michigan and in the Chicago area. Mr. Kloosterman was formerly a Managing Director of Omega Capital from 1986 to 1992. Mr. Kloosterman has been involved in the acquisition, development and management of commercial and multifamily properties since 1978. He has also been a senior officer of LaSalle Partners, Inc. (now Jones Lang LaSalle).
|
| |
2017
|
|
C. Taylor Pickett (52)
|
| |
2002
|
| |
As Chief Executive Officer of our Company, Mr. Pickett brings to our Board a depth of understanding of our business and operations, as well as financial expertise in long-term healthcare services, mergers and acquisitions. Mr. Pickett has served as the Chief Executive Officer of our Company since 2001. Mr. Pickett is also a Director and has served in this capacity since 2002. Mr. Pickett also serves as a Director of Corporate Office Properties Trust (NYSE: OFC), an office property REIT and a Director of Atherio, a technology, outsourcing, consulting and managed services company. From 1998 to 2001, Mr. Pickett served as the Executive Vice President and Chief Financial Officer of Integrated Health Services, Inc. (“IHS”), a public company specializing in post-acute healthcare services. Mr. Pickett served in a variety of executive roles at IHS from 1993 through 1998. Prior to joining IHS, Mr. Pickett held various positions at PHH Corporation and KPMG Peat Marwick.
|
| |
2017
|
|
| | |
Common Stock
Beneficially Owned |
| |
Other Common Stock
Equivalents |
| ||||||||||||||||||||||||||||||
| | |
Number of
Shares |
| |
Percent of
Class |
| |
Earned but
unvested RSUs(1) |
| |
Deferred
Stock Units(2) |
| |
Operating
Partnership Units(3) |
| |
Percent of
Class including Common Stock Equivalents(4) |
| ||||||||||||||||||
Craig M. Bernfield
|
| | | | 2,715,748(5) | | | | | | 1.47% | | | | | | — | | | | | | — | | | | | | 2,797,835 | | | | | | 2.79% | | |
Norman R. Bobins
|
| | | | 39,452(6) | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
Daniel J. Booth
|
| | | | 209,766 | | | | | | 0.11% | | | | | | 87,748 | | | | | | — | | | | | | — | | | | | | 0.15% | | |
Craig R. Callen
|
| | | | 3,000 | | | | | | * | | | | | | — | | | | | | 9,947(7) | | | | | | — | | | | | | * | | |
R. Lee Crabill
|
| | | | 90,296 | | | | | | * | | | | | | 47,386 | | | | | | — | | | | | | — | | | | | | * | | |
Thomas F. Franke
|
| | | | 112,770(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
Barbara B. Hill
|
| | | | 9,225(9) | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
Steven J. Insoft
|
| | | | 1,280,160(10) | | | | | | 0.70% | | | | | | 35,982 | | | | | | — | | | | | | 78,741 | | | | | | 0.70% | | |
Harold J. Kloosterman
|
| | | | 22,069 | | | | | | * | | | | | | — | | | | | | 37,343(11) | | | | | | — | | | | | | * | | |
Bernard J. Korman
|
| | | | 710,402 | | | | | | 0.39% | | | | | | — | | | | | | 9,298(12) | | | | | | — | | | | | | 0.36% | | |
Edward Lowenthal
|
| | | | 42,247(13) | | | | | | * | | | | | | — | | | | | | 3,929 | | | | | | — | | | | | | * | | |
Ben W. Perks
|
| | | | 40,223(14) | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
C. Taylor Pickett
|
| | | | 247,163 | | | | | | 0.14% | | | | | | 159,869 | | | | | | 239,131 | | | | | | — | | | | | | 0.33% | | |
Stephen D. Plavin
|
| | | | 67,181(15) | | | | | | * | | | | | | — | | | | | | — | | | | | | — | | | | | | * | | |
Michael D. Ritz
|
| | | | 4,027 | | | | | | * | | | | | | 11,628 | | | | | | 19,927 | | | | | | — | | | | | | * | | |
Robert O. Stephenson
|
| | | | 165,713 | | | | | | * | | | | | | 70,222 | | | | | | 79,489 | | | | | | — | | | | | | 0.16% | | |
Directors and excutive officers
(as a group 16 persons) |
| | | | 5,759,442 | | | | | | 3.09% | | | | | | 412,835 | | | | | | 399,064 | | | | | | 2,876,576 | | | | | | 4.77% | | |
5% Beneficial Ownership:(16) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cohen & Steers Inc.
|
| | | | 20,548,628(17) | | | | | | 11.25% | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Vanguard Group, Inc
|
| | | | 18,215,197(18) | | | | | | 9.97% | | | | | | | | | | | | |||||||||||||||
BlackRock, Inc
|
| | | | 10,728,762(19) | | | | | | 5.87% | | | | | | | | | | | | | | | | | | | | | | | | | | |
Vanguard Specialized Funds – Vanguard REIT Index Fund
|
| | | | 9,445,045(20) | | | | | | 5.17% | | | | | | | | | | | | | | | | | | | | | | | | | | |
Director
|
| |
Board
|
| |
Audit
Committee |
| |
Compensation
Committee |
| |
Investment
Committee |
| |
Nominating
and Corporate Governance Committee |
|
Craig M. Bernfield
|
| | Member | | | | | | | | | | | | | |
Norman R. Bobins
|
| | Member | | | | | | | | | | | | | |
Craig R. Callen
|
| | Member | | | | | | | | | Member | | | | |
Thomas F. Franke
|
| | Member | | | | | | Chairman | | | | | | Member | |
Barbara B. Hill
|
| | Member | | | Member | | | | | | | | | | |
Harold J. Kloosterman
|
| | Member | | | Member | | | Member | | | Chairman | | | Member | |
Bernard J. Korman
|
| | Chairman | | | | | | Member | | | Member | | | Member | |
Edward Lowenthal
|
| | Member | | | Member | | | Member | | | | | | Chairman | |
Ben W. Perks
|
| | Member | | | | | | | | | | | | | |
C. Taylor Pickett
|
| | Member | | | | | | | | | Member | | | | |
Stephen D. Plavin
|
| | Member | | | Chairman | | | Member | | | | | | Member | |
| | |
Year Ended December 31,
|
||||||||||
| | |
2014 ($)
|
| |
2013 ($)
|
|||||||
Audit Fees
|
| | | | 1,144,000 | | | | | | 964,000 | ||
Audit-Related Fees
|
| | | | 65,000 | | | | | | — | ||
Tax Fees
|
| | | | 262,000 | | | | | | — | ||
All Other Fees
|
| | | | — | | | | | | — | ||
Total
|
| | | | 1,471,000 | | | | | | 964,000 | ||
|
Absolute TSR-Based Performance Units
|
| |
Threshold
|
| |
Target
|
| |
High
|
|
TSR (annualized and compounded annually for the multi-year PRSUs)
|
| |
8%
|
| |
10%
|
| |
12%
|
|
Relative TSR-Based Performance Units vs. Peer Group (2014-2016)
|
| |
-300 basis points
|
| |
0
|
| |
+300 basis points
|
|
Name
|
| |
2015 Base Salary ($)
|
| |||
C. Taylor Pickett
|
| | | | 750,000 | | |
Daniel J. Booth
|
| | | | 470,000 | | |
Steven J. Insoft
|
| | | | 460,000 | | |
Robert O. Stephenson
|
| | | | 450,000 | | |
R. Lee Crabill
|
| | | | 350,000 | | |
Michael D. Ritz
|
| | | | 300,000 | | |
| | |
Annual Incentive (% of Base Salary)
|
| |||||||||||||||
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 100% | | | | | | 125% | | | | | | 150% | | |
Daniel J. Booth
|
| | | | 50% | | | | | | 75% | | | | | | 100% | | |
Robert O. Stephenson
|
| | | | 50% | | | | | | 62.5% | | | | | | 75% | | |
R. Lee Crabill
|
| | | | 30% | | | | | | 50% | | | | | | 70% | | |
Michael Ritz
|
| | | | 40% | | | | | | 50% | | | | | | 60% | | |
|
% of Bonus Opportunity
|
| |
Metric
|
| |
Threshold(4)
|
| |
Target(4)
|
| |
High(4)
|
|
|
40%
|
| | Adjusted FFO per share(1) |
| |
$2.69
|
| |
$2.72
|
| |
$2.75
|
|
|
30%
|
| |
Tenant quality(2)
|
| |
Less than 2%
|
| |
Less than 1.5%
|
| |
Less than 1%
|
|
|
30%
|
| | Subjective(3) | | | | |
| | |
Total Cash Bonus Paid for 2014 ($)
|
| ||||||||||||||||||||||||||||||||
| | |
C. Taylor
Pickett |
| |
Daniel J.
Booth |
| |
Robert O.
Stephenson |
| |
R. Lee
Crabill |
| |
Michael D.
Ritz |
| ||||||||||||||||||||
Adjusted FFO (40%)
|
| | | | 430,500 | | | | | | 180,400 | | | | | | 123,000 | | | | | | 94,710 | | | | | | 65,190 | | | |||||
Tenant Quality (30%)
|
| | | | 322,875 | | | | | | 135,300 | | | | | | 92,250 | | | | | | 71,033 | | | | | | 48,893 | | | |||||
Individual/Subjective Measures (30%)
|
| | | | 322,875 | | | | | | 135,300 | | | | | | 92,250 | | | | | | 71,032 | | | | | | 48,892 | | | |||||
Total Cash Bonus Paid for 2014
|
| | | | 1,076,250 | | | | | | 451,000 | | | | | | 307,500 | | | | | | 236,775 | | | | | | 162,975 | | | |||||
|
| | |
Annual Incentive (% of Base Salary)
|
| |||||||||||||||
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 100% | | | | | | 125% | | | | | | 150% | | |
Daniel J. Booth
|
| | | | 50% | | | | | | 75% | | | | | | 100% | | |
Stephen J. Insoft
|
| | | | 50% | | | | | | 75% | | | | | | 100% | | |
Robert O. Stephenson
|
| | | | 50% | | | | | | 75% | | | | | | 100% | | |
R. Lee Crabill
|
| | | | 40% | | | | | | 60% | | | | | | 80% | | |
Michael Ritz
|
| | | | 40% | | | | | | 60% | | | | | | 80% | | |
% of Bonus Opportunity
|
| |
Metric
|
| |
Threshold(4)
|
| |
Target(4)
|
| |
High(4)
|
|
40%
|
| | Adjusted FFO per share(1) |
| |
$2.98
|
| |
$3.01
|
| |
$3.04
|
|
30%
|
| |
Tenant quality(2)
|
| |
Less than 2%
|
| |
Less than 1.5%
|
| |
Less than 1%
|
|
30%
|
| | Subjective(3) | | | | |
Absolute TSR-Based PRSUs
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
TSR (annualized and compounded annually for the multi-year PRSUs)
|
| | | | 8% | | | | | | 10% | | | | | | 12% | | |
Relative TSR-Based PRSUs
|
| | | | |||||||||||||||
Percentile vs. Peer Group
|
| | | | 50th | | | | | | 65th | | | | | | 80th | | |
Name
|
| |
Threshold
8% |
| |
Target
10% |
| |
High
12% |
| |||||||||
C. Taylor Pickett
|
| | | | 10,178 | | | | | | 66,173 | | | | | | 117,608 | | |
Daniel J. Booth
|
| | | | 5,761 | | | | | | 37,274 | | | | | | 70,566 | | |
Robert O. Stephenson
|
| | | | 4,064 | | | | | | 28,153 | | | | | | 44,713 | | |
R. Lee Crabill
|
| | | | 2,575 | | | | | | 20,156 | | | | | | 32,327 | | |
Michael D. Ritz
|
| | | | 1,012 | | | | | | 5,105 | | | | | | 8,193 | | |
Name
|
| |
Threshold
50th %-ile |
| |
Target
65th %-ile |
| |
High
80th %-ile |
| |||||||||
C. Taylor Pickett
|
| | | | 3,392 | | | | | | 22,058 | | | | | | 39,203 | | |
Daniel J. Booth
|
| | | | 1,920 | | | | | | 12,424 | | | | | | 23,522 | | |
Robert O. Stephenson
|
| | | | 1,354 | | | | | | 9,384 | | | | | | 14,904 | | |
R. Lee Crabill
|
| | | | 858 | | | | | | 6,718 | | | | | | 10,775 | | |
Michael D. Ritz
|
| | | | 337 | | | | | | 1,702 | | | | | | 2,731 | | |
| | |
Projected Aggregate Targeted Realizable Value
Transition Grants* ($) |
| |||||||||||||||
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 3,598,312 | | | | | | 7,425,496 | | | | | | 13,558,791 | | |
Daniel J. Booth
|
| | | | 2,113,236 | | | | | | 4,076,529 | | | | | | 7,276,645 | | |
Robert O. Stephenson
|
| | | | 1,491,260 | | | | | | 3,117,939 | | | | | | 5,737,421 | | |
R. Lee Crabill
|
| | | | 1,100,234 | | | | | | 2,213,936 | | | | | | 4,042,656 | | |
Michael D. Ritz
|
| | | | 215,215 | | | | | | 440,967 | | | | | | 1,213,120 | | |
Name
|
| |
12/31/2013 Grants of
Time-Based Restricted Stock Units |
| |||
C. Taylor Pickett
|
| | | | 90,149 | | |
Daniel J. Booth
|
| | | | 49,491 | | |
Robert O. Stephenson
|
| | | | 37,853 | | |
R. Lee Crabill
|
| | | | 26,878 | | |
Michael D. Ritz
|
| | | | 5,354 | | |
TSR-Based PRSUs
|
| |
Threshold
|
| |
Target
|
| |
High
|
|
TSR (annualized and compounded annually)
|
| |
8%
|
| |
10%
|
| |
12%
|
|
Relative TSR-Based PRSUs
|
| | | | ||||||
Basis Points
|
| |
-300
|
| |
0
|
| |
+300
|
|
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 554 | | | | | | 25,782 | | | | | | 63,620 | | |
Daniel J. Booth
|
| | | | 1,312 | | | | | | 14,154 | | | | | | 33,826 | | |
Robert O. Stephenson
|
| | | | 88 | | | | | | 10,826 | | | | | | 27,006 | | |
R. Lee Crabill
|
| | | | 366 | | | | | | 7,688 | | | | | | 18,970 | | |
Michael D. Ritz
|
| | | | 44 | | | | | | 1,532 | | | | | | 6,468 | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 554 | | | | | | 25,783 | | | | | | 63,621 | | |
Daniel J. Booth
|
| | | | 1,313 | | | | | | 14,155 | | | | | | 33,826 | | |
Robert O. Stephenson
|
| | | | 89 | | | | | | 10,826 | | | | | | 27,004 | | |
R. Lee Crabill
|
| | | | 365 | | | | | | 7,686 | | | | | | 18,968 | | |
Michael D. Ritz
|
| | | | 44 | | | | | | 1,530 | | | | | | 6,468 | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 828 | | | | | | 38,584 | | | | | | 95,208 | | |
Daniel J. Booth
|
| | | | 1,964 | | | | | | 21,182 | | | | | | 50,620 | | |
Robert O. Stephenson
|
| | | | 133 | | | | | | 16,201 | | | | | | 40,413 | | |
R. Lee Crabill
|
| | | | 547 | | | | | | 11,504 | | | | | | 28,387 | | |
Michael D. Ritz
|
| | | | 66 | | | | | | 2,292 | | | | | | 9,679 | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 2,056,178 | | | | | | 4,243,141 | | | | | | 7,747,880 | | |
Daniel J. Booth
|
| | | | 1,207,563 | | | | | | 2,329,445 | | | | | | 4,158,083 | | |
Robert O. Stephenson
|
| | | | 849,292 | | | | | | 1,781,680 | | | | | | 3,278,526 | | |
R. Lee Crabill
|
| | | | 628,705 | | | | | | 1,265,106 | | | | | | 2,310,089 | | |
Michael D. Ritz
|
| | | | 121,550 | | | | | | 251,981 | | | | | | 693,211 | | |
Year of Qualifying Termination
|
| |
Percentage Vested
|
|
2014
|
| |
331/3%
|
|
2015
|
| |
662/3%
|
|
2016
|
| |
100%
|
|
Name
|
| |
1/1/2014 Grants of
Time-Based Restricted Stock Units |
| |||
C. Taylor Pickett
|
| | | | 51,514 | | |
Daniel J. Booth
|
| | | | 28,281 | | |
Robert O. Stephenson
|
| | | | 21,630 | | |
R. Lee Crabill
|
| | | | 15,359 | | |
Michael D. Ritz
|
| | | | 3,059 | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 1,106 | | | | | | 51,514 | | | | | | 127,114 | | |
Daniel J. Booth
|
| | | | 2,622 | | | | | | 28,280 | | | | | | 67,584 | | |
Robert O. Stephenson
|
| | | | 104 | | | | | | 21,630 | | | | | | 53,956 | | |
R. Lee Crabill
|
| | | | 730 | | | | | | 15,358 | | | | | | 37,900 | | |
Michael D. Ritz
|
| | | | 52 | | | | | | 3,060 | | | | | | 12,922 | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | $ | 2,029,342 | | | | | $ | 4,189,297 | | | | | $ | 7,701,840 | | |
Daniel J. Booth
|
| | | $ | 1,191,394 | | | | | $ | 2,298,272 | | | | | $ | 4,134,338 | | |
Steven J, Insoft
|
| | | $ | 1,114,602 | | | | | $ | 2,162,884 | | | | | $ | 3,903,904 | | |
Robert O. Stephenson
|
| | | $ | 1,037,770 | | | | | $ | 2,027,628 | | | | | $ | 3,673,701 | | |
R. Lee Crabill
|
| | | $ | 597,225 | | | | | $ | 1,224,772 | | | | | $ | 2,273,384 | | |
Michael D. Ritz
|
| | | $ | 224,070 | | | | | $ | 434,100 | | | | | $ | 973,560 | | |
Name
|
| |
Number of Time-Based Restricted
Stock Units |
| |||
C. Taylor Pickett
|
| | | | 48,256 | | |
Daniel J. Booth
|
| | | | 26,473 | | |
Steven J. Insoft
|
| | | | 24,914 | | |
Robert O. Stephenson
|
| | | | 23,356 | | |
R. Lee Crabill
|
| | | | 14,108 | | |
Michael D. Ritz
|
| | | | 5,000 | | |
Year of Qualifying Termination
|
| |
Percentage Vested
|
| |||
2015
|
| | | | 331/3% | | |
2016
|
| | | | 662/3% | | |
2017
|
| | | | 100% | | |
Relative TSR-Based PRSUs
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
Basis Points
|
| | | | -300 | | | | | | 0 | | | | | | +300 | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 779 | | | | | | 24,128 | | | | | | 58,945 | | |
Daniel J. Booth
|
| | | | 1,386 | | | | | | 13,237 | | | | | | 31,357 | | |
Steven J. Insoft
|
| | | | 1,223 | | | | | | 12,457 | | | | | | 29,651 | | |
Robert O. Stephenson
|
| | | | 1,059 | | | | | | 11,678 | | | | | | 27,947 | | |
R. Lee Crabill
|
| | | | 276 | | | | | | 7,054 | | | | | | 17,467 | | |
Michael D. Ritz
|
| | | | 250 | | | | | | 2,500 | | | | | | 8,000 | | |
TSR-Based LTIP Units
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
TSR (annualized and compounded annually)
|
| | | | 8% | | | | | | 10% | | | | | | 12% | | |
Name
|
| |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||
C. Taylor Pickett
|
| | | | 779 | | | | | | 24,128 | | | | | | 58,945 | | |
Daniel J. Booth
|
| | | | 1,386 | | | | | | 13,237 | | | | | | 31,357 | | |
Steven J. Insoft
|
| | | | 1,223 | | | | | | 12,457 | | | | | | 29,651 | | |
Robert O. Stephenson
|
| | | | 1,059 | | | | | | 11,678 | | | | | | 27,947 | | |
R. Lee Crabill
|
| | | | 276 | | | | | | 7,054 | | | | | | 17,467 | | |
Michael D. Ritz
|
| | | | 250 | | | | | | 2,500 | | | | | | 8,000 | | |
|
Name and Principal Position
(A) |
| |
Year
(B) |
| |
Salary
($) (C) |
| |
Bonus
($)(1) (D) |
| |
Stock
Awards ($)(2) (E) |
| |
Option
Awards ($) (F) |
| |
Non-Equity
Incentive Plan Compensation ($)(3) (G) |
| |
All Other
Compensation ($)(4) (I) |
| |
Total
($) (J) |
| ||||||||||||||||||||||||
|
C. Taylor Pickett
Chief Executive Officer |
| | | | 2014 | | | | | | 717,500 | | | | | | 322,875 | | | | | | 2,994,453 | | | | | | — | | | | | | 753,375 | | | | | | 15,600 | | | | | | 4,803,803 | | |
| | | 2013 | | | | | | 700,000 | | | | | | 315,000 | | | | | | 5,534,915 | | | | | | — | | | | | | 735,000 | | | | | | 15,300 | | | | | | 7,300,215 | | | |||
| | | 2012 | | | | | | 636,000 | | | | | | 190,800 | | | | | | 502,234 | | | | | | — | | | | | | 763,200 | | | | | | 15,000 | | | | | | 2,107,234 | | | |||
|
Daniel J. Booth
Chief Operating Officer |
| | | | 2014 | | | | | | 451,000 | | | | | | 135,300 | | | | | | 1,623,937 | | | | | | — | | | | | | 315,700 | | | | | | 15,600 | | | | | | 2,541,537 | | |
| | | 2013 | | | | | | 440,000 | | | | | | 132,000 | | | | | | 3,028,252 | | | | | | — | | | | | | 308,000 | | | | | | 15,300 | | | | | | 3,923,552 | | | |||
| | | 2012 | | | | | | 403,500 | | | | | | 80,700 | | | | | | 300,799 | | | | | | — | | | | | | 322,800 | | | | | | 15,000 | | | | | | 1,122,799 | | | |||
|
Robert O. Stephenson
Chief Financial Officer |
| | | | 2014 | | | | | | 410,000 | | | | | | 92,250 | | | | | | 1,262,864 | | | | | | — | | | | | | 215,250 | | | | | | 15,600 | | | | | | 1,995,964 | | |
| | | 2013 | | | | | | 400,000 | | | | | | 90,000 | | | | | | 2,316,305 | | | | | | — | | | | | | 210,000 | | | | | | 15,300 | | | | | | 3,031,605 | | | |||
| | | 2012 | | | | | | 351,000 | | | | | | 52,650 | | | | | | 191,593 | | | | | | — | | | | | | 210,600 | | | | | | 15,000 | | | | | | 820,843 | | | |||
|
R. Lee Crabill
Senior Vice-President of Operations |
| | | | 2014 | | | | | | 338,250 | | | | | | 71,033 | | | | | | 893,363 | | | | | | — | | | | | | 165,743 | | | | | | 15,600 | | | | | | 1,483,989 | | |
| | | 2013 | | | | | | 330,000 | | | | | | 69,300 | | | | | | 1,641,187 | | | | | | — | | | | | | 161,700 | | | | | | 15,300 | | | | | | 2,217,487 | | | |||
| | | 2012 | | | | | | 315,750 | | | | | | 41,048 | | | | | | 138,436 | | | | | | — | | | | | | 164,190 | | | | | | 15,000 | | | | | | 674,424 | | | |||
|
Michael D. Ritz
Chief Accounting Officer |
| | | | 2014 | | | | | | 271,625 | | | | | | 48,893 | | | | | | 233,477 | | | | | | — | | | | | | 114,083 | | | | | | 15,600 | | | | | | 683,678 | | |
| | | 2013 | | | | | | 265,000 | | | | | | 47,700 | | | | | | 425,116 | | | | | | — | | | | | | 111,300 | | | | | | 15,300 | | | | | | 864,416 | | | |||
| | | 2012 | | | | | | 242,000 | | | | | | 21,780 | | | | | | 35,122 | | | | | | — | | | | | | 87,120 | | | | | | 15,000 | | | | | | 401,022 | | |
Name
|
| |
Grant
Type |
| |
Date of
Compensation Committee Action |
| |
Grant
Date |
| |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards |
| |
Grant Date
Fair Value of Stock and Option Awards ($)(1) |
| |||||||||||||||||||||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
High
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
High
(#) |
| |||||||||||||||||||||||||||||||||||||||||
C. Taylor Pickett
|
| |
Annual Cash Bonus
(Objective Metrics)(2) |
| | | | 01/15/2014 | | | | | | 01/15/2014 | | | | | | 502,250 | | | | | | 627,813 | | | | | | 753,375 | | | | | | | ||||||||||||||||||||
| RSUs(3) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,535,117 | | | ||
| PRSUs(4) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | 1,106 | | | | | | 51,514 | | | | | | 127,114 | | | | | | 1,459,336 | | | ||
Daniel J. Booth
|
| |
Annual Cash Bonus
(Objective Metrics)(2) |
| | | | 01/15/2014 | | | | | | 01/15/2014 | | | | | | 157,850 | | | | | | 236,775 | | | | | | 315,700 | | | | | | | ||||||||||||||||||||
| RSUs(3) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 842,774 | | | ||
| PRSUs(4) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | 2,622 | | | | | | 28,280 | | | | | | 67,584 | | | | | | 781,164 | | | ||
Robert O. Stephenson
|
| |
Annual Cash Bonus
(Objective Metrics)(2) |
| | | | 01/15/2014 | | | | | | 01/15/2014 | | | | | | 143,500 | | | | | | 179,375 | | | | | | 215,250 | | | | | | | ||||||||||||||||||||
| RSUs(3) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 644,574 | | | ||
| PRSUs(4) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | 104 | | | | | | 21,630 | | | | | | 53,956 | | | | | | 618,290 | | | ||
R. Lee Crabill
|
| |
Annual Cash Bonus
(Objective Metrics)(2) |
| | | | 01/15/2014 | | | | | | 01/15/2014 | | | | | | 71,033 | | | | | | 118,388 | | | | | | 165,743 | | | | | | | ||||||||||||||||||||
| RSUs(3) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 457,698 | | | ||
| PRSUs(4) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | 730 | | | | | | 15,358 | | | | | | 37,900 | | | | | | 435,665 | | | ||
Michael D. Ritz
|
| |
Annual Cash Bonus
(Objective Metrics)(2) |
| | | | 01/15/2014 | | | | | | 01/15/2014 | | | | | | 76,055 | | | | | | 95,069 | | | | | | 114,083 | | | | | | | ||||||||||||||||||||
| RSUs(3) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 91,158 | | | ||
| PRSUs(4) | | | | | 11/15/2013 | | | | | | 01/01/2014 | | | | | | | | | | | | | | | | | | | | | | | | 52 | | | | | | 3,060 | | | | | | 12,922 | | | | | | 142,318 | | |
Name
|
| |
Stock Awards
|
| ||||||||||||||||||||||||
| | | |
Number of Shares
or Units of Stock That Have Not Vested (#) |
| |
Market Value of
Shares or Units of Stock That Have Not Vested ($)(1) |
| |
Equity Incentive
Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity Incentive
Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| ||||||||||||||
C. Taylor Pickett
|
| |
Transition 2014-2015
Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 31,811 | | | | | | 1,307,114 | | |
| Transition 2014-2015 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 31,810 | | | | | | 1,307,073 | | | ||
| Transition 2014-2016 Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 47,604 | | | | | | 1,956,048 | | | ||
| Transition 2014-2016 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 47,604 | | | | | | 1,956,048 | | | ||
| Transition RSUs(3) | | | | | 60,099 | | | | | | 2,348,081 | | | | | ||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | | | | | | | | | | | | | 63,557 | | | | | | 2,611,557 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | | | | | | | | | | | | | 63,557 | | | | | | 2,611,557 | | | ||
| 2014-2016 RSUs(5) | | | | | 51,514 | | | | | | 2,012,652 | | | | | ||||||||||||
Daniel J. Booth
|
| |
Transition 2014-2015
Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 16,913 | | | | | | 694,955 | | |
| Transition 2014-2015 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 16,913 | | | | | | 694,955 | | | ||
| Transition 2014-2016 Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 25,310 | | | | | | 1,039,988 | | | ||
| Transition 2014-2016 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 25,310 | | | | | | 1,039,988 | | | ||
| Transition RSUs(3) | | | | | 32,994 | | | | | | 1,289,076 | | | | | ||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | | | | | | | | | | | | | 33,792 | | | | | | 1,388,513 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | | | | | | | | | | | | | 33,792 | | | | | | 1,388,513 | | | ||
| 2014-2016 RSUs(5) | | | | | 28,281 | | | | | | 1,104,939 | | | | | ||||||||||||
Robert O. Stephenson
|
| |
Transition 2014-2015
Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 13,502 | | | | | | 554,797 | | |
| Transition 2014-2015 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 13,502 | | | | | | 554,797 | | | ||
| Transition 2014-2016 Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 20,207 | | | | | | 830,306 | | | ||
| Transition 2014-2016 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 20,206 | | | | | | 830,265 | | | ||
| Transition RSUs(3) | | | | | 25,235 | | | | | | 985,944 | | | | | ||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | | | | | | | | | | | | | 26,978 | | | | | | 1,108,526 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | | | | | | | | | | | | | 26,978 | | | | | | 1,108,526 | | | ||
| 2014-2016 RSUs(5) | | | | | 21,630 | | | | | | 845,084 | | | | |
Name
|
| |
Stock Awards
|
| ||||||||||||||||||||||||
| | | |
Number of Shares
or Units of Stock That Have Not Vested (#) |
| |
Market Value of
Shares or Units of Stock That Have Not Vested ($)(1) |
| |
Equity Incentive
Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity Incentive
Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) |
| ||||||||||||||
R. Lee Crabill
|
| |
Transition 2014-2015
Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 9,484 | | | | | | 389,698 | | |
| Transition 2014-2015 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 9,484 | | | | | | 389,698 | | | ||
| Transition 2014-2016 Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 14,194 | | | | | | 583,231 | | | ||
| Transition 2014-2016 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 14,193 | | | | | | 583,190 | | | ||
| Transition RSUs(3) | | | | | 17,919 | | | | | | 700,082 | | | | | ||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | | | | | | | | | | | | | 18,950 | | | | | | 778,656 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | | | | | | | | | | | | | 18,950 | | | | | | 778,656 | | | ||
| 2014-2016 RSUs(5) | | | | | 15,359 | | | | | | 600,076 | | | | | ||||||||||||
Michael D. Ritz
|
| |
Transition 2014-2015
Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 3,234 | | | | | | 132,885 | | |
| Transition 2014-2015 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 3,234 | | | | | | 132,885 | | | ||
| Transition 2014-2016 Absolute PRSUs(2) |
| | | | | | | | | | | | | | | | 4,840 | | | | | | 198,876 | | | ||
| Transition 2014-2016 Relative PRSUs(2) |
| | | | | | | | | | | | | | | | 4,839 | | | | | | 198,835 | | | ||
| Transition RSUs(3) | | | | | 3,569 | | | | | | 139,454 | | | | | ||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | | | | | | | | | | | | | 6,461 | | | | | | 265,482 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | | | | | | | | | | | | | 6,461 | | | | | | 265,482 | | | ||
| 2014-2016 RSUs(5) | | | | | 3,059 | | | | | | 119,515 | | | | |
Name
|
| | | | |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||||||||||||||||||||
|
Number
of Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
| |||||||||||||||||||||||
C. Taylor Pickett
|
| |
Transition 2014-2015
|
| | | | 277 | | | | | | 11,382 | | | | | | 12,892 | | | | | | 529,732 | | | | | | 31,811 | | | | | | 1,307,114 | | |
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2015 | | | | | 277 | | | | | | 11,382 | | | | | | 12,891 | | | | | | 529,691 | | | | | | 31,810 | | | | | | 1,307,073 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 414 | | | | | | 17,011 | | | | | | 19,292 | | | | | | 792,708 | | | | | | 47,604 | | | | | | 1,956,048 | | | ||
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 414 | | | | | | 17,011 | | | | | | 19,292 | | | | | | 792,708 | | | | | | 47,604 | | | | | | 1,956,048 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | 553 | | | | | | 22,723 | | | | | | 25,757 | | | | | | 1,058,355 | | | | | | 63,557 | | | | | | 2,611,557 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | 553 | | | | | | 22,723 | | | | | | 25,757 | | | | | | 1,058,355 | | | | | | 63,557 | | | | | | 2,611,557 | | | ||
Daniel J. Booth
|
| |
Transition 2014-2015
|
| | | | 657 | | | | | | 26,996 | | | | | | 7,078 | | | | | | 290,835 | | | | | | 16,913 | | | | | | 694,955 | | |
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2015 | | | | | 656 | | | | | | 26,955 | | | | | | 7,077 | | | | | | 290,794 | | | | | | 16,913 | | | | | | 694,955 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 982 | | | | | | 40,350 | | | | | | 10,591 | | | | | | 435,184 | | | | | | 25,310 | | | | | | 1,039,988 | | | ||
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 982 | | | | | | 40,350 | | | | | | 10,591 | | | | | | 435,184 | | | | | | 25,310 | | | | | | 1,039,988 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | 1,311 | | | | | | 53,869 | | | | | | 14,140 | | | | | | 581,013 | | | | | | 33,792 | | | | | | 1,388,513 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | 1,311 | | | | | | 53,869 | | | | | | 14,140 | | | | | | 581,013 | | | | | | 33,792 | | | | | | 1,388,513 | | | ||
Robert O. Stephenson
|
| |
Transition 2014-2015
|
| | | | 45 | | | | | | 1,849 | | | | | | 5,413 | | | | | | 222,420 | | | | | | 13,502 | | | | | | 554,797 | | |
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2015 | | | | | 45 | | | | | | 1,808 | | | | | | 5,413 | | | | | | 222,420 | | | | | | 13,502 | | | | | | 554,797 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 67 | | | | | | 2,753 | | | | | | 8,101 | | | | | | 332,870 | | | | | | 20,207 | | | | | | 830,306 | | | ||
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 66 | | | | | | 2,712 | | | | | | 8,100 | | | | | | 332,829 | | | | | | 20,206 | | | | | | 830,265 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | 52 | | | | | | 2,137 | | | | | | 10,815 | | | | | | 444,388 | | | | | | 26,978 | | | | | | 1,108,526 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | 52 | | | | | | 2,137 | | | | | | 10,815 | | | | | | 444,388 | | | | | | 26,978 | | | | | | 1,108,526 | | | ||
R. Lee Crabill
|
| |
Transition 2014-2015
|
| | | | 183 | | | | | | 7,519 | | | | | | 3,843 | | | | | | 157,909 | | | | | | 9,484 | | | | | | 389,698 | | |
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2015 | | | | | 182 | | | | | | 7,478 | | | | | | 3,843 | | | | | | 157,909 | | | | | | 9,484 | | | | | | 389,698 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 274 | | | | | | 11,259 | | | | | | 5,752 | | | | | | 236,350 | | | | | | 14,194 | | | | | | 583,231 | | | ||
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 273 | | | | | | 11,218 | | | | | | 5,752 | | | | | | 236,350 | | | | | | 14,193 | | | | | | 583,190 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | 365 | | | | | | 14,998 | | | | | | 7,679 | | | | | | 315,530 | | | | | | 18,950 | | | | | | 778,656 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | 365 | | | | | | 14,998 | | | | | | 7,679 | | | | | | 315,530 | | | | | | 18,950 | | | | | | 778,656 | | |
Name
|
| | | | |
Threshold
|
| |
Target
|
| |
High
|
| |||||||||||||||||||||||||||
|
Number
of Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
| |||||||||||||||||||||||
Michael D. Ritz
|
| |
Transition 2014-2015
|
| | | | 22 | | | | | | 904 | | | | | | 765 | | | | | | 31,434 | | | | | | 3,234 | | | | | | 132,885 | | |
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2015 | | | | | 22 | | | | | | 904 | | | | | | 765 | | | | | | 31,434 | | | | | | 3,234 | | | | | | 132,885 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 33 | | | | | | 1,356 | | | | | | 1,146 | | | | | | 47,089 | | | | | | 4,840 | | | | | | 198,876 | | | ||
| Absolute PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
| Transition 2014-2016 | | | | | 33 | | | | | | 1,356 | | | | | | 1,146 | | | | | | 47,089 | | | | | | 4,839 | | | | | | 198,835 | | | ||
| Relative PRSUs(2) | | | | | | | | ||||||||||||||||||||||||||||||||
|
2014-2016 Absolute PRSUs(4)
|
| | | | 26 | | | | | | 1,068 | | | | | | 1,530 | | | | | | 62,868 | | | | | | 6,461 | | | | | | 265,482 | | | ||
|
2014-2016 Relative PRSUs(4)
|
| | | | 26 | | | | | | 1,068 | | | | | | 1,530 | | | | | | 62,868 | | | | | | 6,461 | | | | | | 265,482 | | |
Name
|
| |
Number of Shares
Acquired on Vesting(1) |
| |
Value Realized
on Vesting ($)(2) |
| ||||||
C. Taylor Pickett(3)
|
| | | | 244,175 | | | | | | 9,539,904 | | |
Daniel J. Booth
|
| | | | 141,132 | | | | | | 5,514,040 | | |
Robert O. Stephenson(4)
|
| | | | 96,543 | | | | | | 3,771,948 | | |
R. Lee Crabill
|
| | | | 69,150 | | | | | | 2,701,677 | | |
Michael D. Ritz(5)
|
| | | | 18,354 | | | | | | 717,104 | | |
Name
|
| |
Executive
Contributions in last Fiscal Year ($)(1)(2) |
| |
Company
Contributions in last Fiscal Year ($) |
| |
Aggregate
Earnings in last Fiscal Year ($) |
| |
Aggregate
Withdrawal/ Distributions ($) |
| |
Aggregate
Balance at Last Fiscal Year ($)(2)(3) |
| |||||||||||||||
C. Taylor Pickett
|
| | | | 7,300,659 | | | | | | — | | | | | | 484,543 | | | | | | — | | | | | | 9,342,848 | | |
Daniel J. Booth
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Robert O. Stephenson
|
| | | | 2,329,236 | | | | | | — | | | | | | 184,213 | | | | | | — | | | | | | 3,105,635 | | |
R. Lee Crabill
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael D. Ritz
|
| | | | 636,297 | | | | | | — | | | | | | 33,752 | | | | | | — | | | | | | 778,550 | | |
| | |
Triggering Event as of December 31, 2014
|
| ||||||||||||||||||||||||||||||||
| | |
Involuntary
Without Cause or Voluntary for Good Reason ($) |
| |
Death
($) |
| |
Disability
($) |
| |
Change in
Control Without Termination ($) |
| |
Involuntary
Without Cause or Voluntary for Good Reason Upon a Change in Control ($) |
| ||||||||||||||||||||
C. Taylor Pickett: | | | | | | | ||||||||||||||||||||||||||||||
Severance
|
| | | | 5,232,750 | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,232,750 | | | |||||
Bonus
|
| | | | — | | | | | | 1,076,250 | | | | | | — | | | | | | — | | | | | | — | | | |||||
Accelerated Vesting of Equity Awards:
|
| | | | | | ||||||||||||||||||||||||||||||
Transition RSUs(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,348,068 | | | |||||
2013-2015 Transition PRSUs(2)
|
| | | | 1,119,642 | | | | | | 1,119,642 | | | | | | 1,119,642 | | | | | | 2,239,284 | | | | | | 2,239,284 | | | |||||
2013-2016 Transition PRSUs(2)
|
| | | | 932,662 | | | | | | 932,662 | | | | | | 932,662 | | | | | | 2,797,985 | | | | | | 2,797,985 | | | |||||
2014-2016 PRSUs(2)
|
| | | | 1,245,213 | | | | | | 1,245,213 | | | | | | 1,245,213 | | | | | | 3,735,639 | | | | | | 3,735,639 | | | |||||
2014-2016 RSUs(3)
|
| | | | 670,884 | | | | | | 670,884 | | | | | | 670,884 | | | | | | — | | | | | | 2,012,652 | | | |||||
Total Value:
|
| | | | 9,201,151 | | | | | | 5,044,651 | | | | | | 3,968,401 | | | | | | 8,772,908 | | | | | | 18,366,378 | | | |||||
Daniel J. Booth: | | | | | | | ||||||||||||||||||||||||||||||
Severance
|
| | | | 1,765,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,765,000 | | | |||||
Bonus
|
| | | | — | | | | | | 451,000 | | | | | | — | | | | | | — | | | | | | — | | | |||||
Accelerated Vesting of Equity Awards:
|
| | | | | | ||||||||||||||||||||||||||||||
Transition RSUs(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,289,076 | | | |||||
2013-2015 Transition PRSUs(2)
|
| | | | 596,742 | | | | | | 596,742 | | | | | | 596,742 | | | | | | 1,193,484 | | | | | | 1,193,484 | | | |||||
2013-2016 Transition PRSUs(2)
|
| | | | 499,499 | | | | | | 499,499 | | | | | | 499,499 | | | | | | 1,498,497 | | | | | | 1,498,497 | | | |||||
2014-2016 PRSUs(2)
|
| | | | 666,890 | | | | | | 666,890 | | | | | | 666,890 | | | | | | 2,000,671 | | | | | | 2,000,671 | | | |||||
2014-2016 RSUs(3)
|
| | | | 368,313 | | | | | | 368,313 | | | | | | 368,313 | | | | | | — | | | | | | 1,104,939 | | | |||||
Total Value:
|
| | | | 3,896,444 | | | | | | 2,582,444 | | | | | | 2,131,444 | | | | | | 4,692,652 | | | | | | 8,851,667 | | | |||||
|
| | |
Triggering Event as of December 31, 2014
|
| ||||||||||||||||||||||||||||||||
| | |
Involuntary
Without Cause or Voluntary for Good Reason ($) |
| |
Death
($) |
| |
Disability
($) |
| |
Change in
Control Without Termination ($) |
| |
Involuntary
Without Cause or Voluntary for Good Reason Upon a Change in Control ($) |
| ||||||||||||||||||||
Robert O. Stephenson: | | | | | | | ||||||||||||||||||||||||||||||
Severance
|
| | | | 1,050,375 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,050,375 | | | |||||
Bonus
|
| | | | — | | | | | | 307,500 | | | | | | — | | | | | | — | | | | | | — | | | |||||
Accelerated Vesting of Equity Awards:
|
| | | | | | ||||||||||||||||||||||||||||||
Transition RSUs(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 985,931 | | | |||||
2013-2015 Transition PRSUs(2)
|
| | | | 474,850 | | | | | | 474,850 | | | | | | 474,850 | | | | | | 949,701 | | | | | | 949,701 | | | |||||
2013-2016 Transition PRSUs(2)
|
| | | | 394,928 | | | | | | 394,928 | | | | | | 394,928 | | | | | | 1,184,785 | | | | | | 1,184,785 | | | |||||
2014-2016 PRSUs(2)
|
| | | | 527,274 | | | | | | 527,274 | | | | | | 527,274 | | | | | | 1,581,821 | | | | | | 1,581,821 | | | |||||
2014-2016 RSUs(3)
|
| | | | 281,695 | | | | | | 281,695 | | | | | | 281,695 | | | | | | — | | | | | | 845,084 | | | |||||
Total Value:
|
| | | | 2,729,122 | | | | | | 1,986,247 | | | | | | 1,678,747 | | | | | | 3,716,307 | | | | | | 6,597,697 | | | |||||
R. Lee Crabill: | | | | | | | ||||||||||||||||||||||||||||||
Severance
|
| | | | 843,882 | | | | | | — | | | | | | — | | | | | | — | | | | | | 843,882 | | | |||||
Bonus
|
| | | | — | | | | | | 236,775 | | | | | | — | | | | | | — | | | | | | — | | | |||||
Accelerated Vesting of Equity Awards:
|
| | | | | | ||||||||||||||||||||||||||||||
Transition RSUs(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 700,095 | | | |||||
2013-2015 Transition PRSUs(2)
|
| | | | 333,808 | | | | | | 333,808 | | | | | | 333,808 | | | | | | 667,615 | | | | | | 667,615 | | | |||||
2013-2016 Transition PRSUs(2)
|
| | | | 278,079 | | | | | | 278,079 | | | | | | 278,079 | | | | | | 834,236 | | | | | | 834,236 | | | |||||
2014-2016 PRSUs(2)
|
| | | | 371,263 | | | | | | 371,263 | | | | | | 371,263 | | | | | | 1,113,788 | | | | | | 1,113,788 | | | |||||
2014-2016 RSUs(3)
|
| | | | 200,025 | | | | | | 200,025 | | | | | | 200,025 | | | | | | — | | | | | | 600,076 | | | |||||
Total Value:
|
| | | | 2,027,057 | | | | | | 1,419,950 | | | | | | 1,183,175 | | | | | | 2,615,639 | | | | | | 4,759,692 | | | |||||
Michael D. Ritz: | | | | | | | ||||||||||||||||||||||||||||||
Severance
|
| | | | 415,250 | | | | | | — | | | | | | — | | | | | | — | | | | | | 415,250 | | | |||||
Bonus
|
| | | | — | | | | | | 162,975 | | | | | | — | | | | | | — | | | | | | — | | | |||||
Accelerated Vesting of Equity Awards:
|
| | | | | | ||||||||||||||||||||||||||||||
Transition RSUs(1)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 139,441 | | | |||||
2013-2015 Transition PRSUs(2)
|
| | | | 110,275 | | | | | | 110,275 | | | | | | 110,275 | | | | | | 220,550 | | | | | | 220,550 | | | |||||
2013-2016 Transition PRSUs(2)
|
| | | | 85,967 | | | | | | 85,967 | | | | | | 85,967 | | | | | | 257,901 | | | | | | 257,901 | | | |||||
2014-2016 PRSUs(2)
|
| | | | 114,772 | | | | | | 114,772 | | | | | | 114,772 | | | | | | 344,317 | | | | | | 344,317 | | | |||||
2014-2016 RSUs(3)
|
| | | | 39,838 | | | | | | 39,838 | | | | | | 39,838 | | | | | | — | | | | | | 119,515 | | | |||||
Total Value:
|
| | | | 766,102 | | | | | | 513,827 | | | | | | 350,852 | | | | | | 822,768 | | | | | | 1,496,974 | | | |||||
|
Name
|
| |
Fees earned or
paid in cash ($) |
| |
Stock Awards
($)(1) |
| |
Option Awards
($) |
| |
Total
($) |
| | | | | | | | | | | ||||||||||||||||||||||||||||||||
Craig R. Callen
|
| | | | 64,500 | | | | | | 157,382 | | | | | | — | | | | | | 221,882 | | | | | | | | | | | | | ||||||||||||||||||||
Thomas F. Franke
|
| | | | 75,000 | | | | | | 157,382 | | | | | | — | | | | | | 232,382 | | | | | | | | | | | | | ||||||||||||||||||||
Barbara B. Hill
|
| | | | 66,000 | | | | | | 157,382 | | | | | | — | | | | | | 223,382 | | | | | | | | | | | | | ||||||||||||||||||||
Harold J. Kloosterman
|
| | | | 83,500 | | | | | | 157,382 | | | | | | — | | | | | | 240,882 | | | | | | | | | | | | | ||||||||||||||||||||
Bernard J. Korman
|
| | | | 107,000 | | | | | | 175,277 | | | | | | — | | | | | | 282,277 | | | | | | | | | | | | | ||||||||||||||||||||
Edward Lowenthal
|
| | | | 80,500 | | | | | | 157,382 | | | | | | — | | | | | | 237,882 | | | | | | | | | | | | | ||||||||||||||||||||
Stephen D. Plavin
|
| | | | 86,500 | | | | | | 157,382 | | | | | | — | | | | | | 243,882 | | | | | | | | | | | | | ||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name
|
| |
Grant Date
|
| |
Shares Awarded(1)
|
| |
Grant Date
Fair Value ($) |
| |||||||||
Craig R. Callen
|
| | | | 2/14/2014 | | | | | | 398(2) | | | | | | 12,501 | | |
| | | 5/15/2014 | | | | | | 347(2) | | | | | | 12,513 | | | ||
| | | 6/12/2014 | | | | | | 3,000(2) | | | | | | 107,370 | | | ||
| | | 8/15/2014 | | | | | | 332(2) | | | | | | 12,516 | | | ||
| | | 11/17/2014 | | | | | | 331(2) | | | | | | 12,482 | | | ||
Thomas F. Franke
|
| | | | 2/14/2014 | | | | | | 398 | | | | | | 12,501 | | |
| | | 5/15/2014 | | | | | | 347 | | | | | | 12,513 | | | ||
| | | 6/12/2014 | | | | | | 3,000 | | | | | | 107,370 | | | ||
| | | 8/15/2014 | | | | | | 332 | | | | | | 12,516 | | | ||
| | | 11/17/2014 | | | | | | 331 | | | | | | 12,482 | | | ||
Barbara B. Hill
|
| | | | 2/14/2014 | | | | | | 398 | | | | | | 12,501 | | |
| | | 5/15/2014 | | | | | | 347 | | | | | | 12,513 | | | ||
| | | 6/12/2014 | | | | | | 3,000 | | | | | | 107,370 | | | ||
| | | 8/15/2014 | | | | | | 332 | | | | | | 12,516 | | | ||
| | | 11/17/2014 | | | | | | 331 | | | | | | 12,482 | | | ||
Harold J. Kloosterman
|
| | | | 2/14/2014 | | | | | | 398(2) | | | | | | 12,501 | | |
| | | 5/15/2014 | | | | | | 347(2) | | | | | | 12,513 | | | ||
| | | 6/12/2014 | | | | | | 3,000(2) | | | | | | 107,370 | | | ||
| | | 8/15/2014 | | | | | | 332(2) | | | | | | 12,516 | | | ||
| | | 11/17/2014 | | | | | | 331(2) | | | | | | 12,482 | | | ||
Bernard J. Korman
|
| | | | 2/14/2014 | | | | | | 398 | | | | | | 12,501 | | |
| | | 5/15/2014 | | | | | | 347 | | | | | | 12,513 | | | ||
| | | 6/12/2014 | | | | | | 3,500(2) | | | | | | 125,265 | | | ||
| | | 8/15/2014 | | | | | | 332 | | | | | | 12,516 | | | ||
| | | 11/17/2014 | | | | | | 331 | | | | | | 12,482 | | | ||
Edward Lowenthal
|
| | | | 2/14/2014 | | | | | | 398(2) | | | | | | 12,501 | | |
| | | 5/15/2014 | | | | | | 347(2) | | | | | | 12,513 | | | ||
| | | 6/12/2014 | | | | | | 3,000 | | | | | | 107,370 | | | ||
| | | 8/15/2014 | | | | | | 332(2) | | | | | | 12,516 | | | ||
| | | 11/17/2014 | | | | | | 331(2) | | | | | | 12,482 | | | ||
Stephen D. Plavin
|
| | | | 2/14/2014 | | | | | | 398 | | | | | | 12,501 | | |
| | | 5/15/2014 | | | | | | 347 | | | | | | 12,513 | | | ||
| | | 6/12/2014 | | | | | | 3,000 | | | | | | 107,370 | | | ||
| | | 8/15/2014 | | | | | | 332 | | | | | | 12,516 | | | ||
| | | 11/17/2014 | | | | | | 331 | | | | | | 12,482 | | |
| Thomas F. Franke | | | (Term to expire in 2015) | |
| Bernard J. Korman | | | (Term to expire in 2015) | |
| Craig R. Callen | | | (Term to expire in 2015) | |
| Norman R. Bobins | | | (Term to expire in 2015) | |
| Edward Lowenthal | | | (Term to expire in 2016) | |
| Stephen D. Plavin | | | (Term to expire in 2016) | |
| Ben W. Perks | | | (Term to expire in 2016) | |
| Barbara B. Hill | | | (Term to expire in 2017) | |
| Harold J. Kloosterman | | | (Term to expire in 2017) | |
| C. Taylor Pickett | | | (Term to expire in 2017) | |
| Craig M. Bernfield | | | (Term to expire in 2017) | |
| ATTEST: | | | OMEGA HEALTHCARE INVESTORS, INC. | |
| By: __________________________________ Title: Secretary |
| | By: __________________________________ Name: Title: |
|