OPTION EXERCISES AND STOCK VESTED
The following table provides certain summary information concerning the exercise of stock options and the vesting of stock awards with respect to the named executive officers during the 2013 fiscal year. The shares of the Company’s Class A Common Stock underlying certain stock awards that vested on August 31, 2013 were not issued to the named executive officers until October 17, 2013 following the Compensation Committee’s certification of the attainment of the applicable performance goal tied to the Company’s adjusted net income, after tax expense, for the 2013 fiscal year.
Shares Acquired on Exercise (#)
Value Realized on Exercise
Number of Shares Acquired on Vesting (#)
Value Realized on Vesting
Gregory W. Cappelli
Brian L. Swartz
Sean B.W. Martin
Peter V. Sperling
Terri C. Bishop
Dr. John G. Sperling
Joseph L. D’Amico
Value realized is determined by multiplying (i) the amount by which the market price of the Company’s Class A Common Stock on the date of exercise exceeded the exercise price by (ii) the number of shares of Class A Common Stock for which the options were exercised.
Value realized is determined by multiplying (i) the closing market price of the Company’s Class A Common Stock on the vesting date by (ii) the number of shares of Class A Common Stock that vested on that date.