Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters.
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Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters.
Information under the heading “Security Ownership” in the Company’s 2011 Proxy Statement is incorporated herein by reference.
Equity Compensation Plan Information
The following table sets forth certain information with respect to the Company’s equity compensation plans as of December 31, 2010.
| **Number of Securities ** | **Weighted-Average ** | **Number of Securities ** | ||||||||||
| **To be Issued Upon ** | **Exercise Price of ** | **Remaining Available for ** | ||||||||||
| **Exercise of ** | **Outstanding ** | **Future Issuance Under ** | ||||||||||
| **Outstanding Options, ** | **Options, Warrants ** | **Equity Compensation ** | ||||||||||
| Plan Category | Warrants and Rights | and Rights | Plans(1)(2) | |||||||||
| Equity compensation plans approved by the Company’s shareholders | 6,379,628 | $ | 26.85 | 4,288,413 | ||||||||
| Total | 6,379,628 | $ | 26.85 | 4,288,413 | ||||||||
| (1) | Excludes securities to be issued upon the exercise of outstanding options, warrants and rights. | |
| (2) | All Deferred Compensation Units (“DCUs”) issued under the Directors Deferred Compensation Plan and Deferred Compensation Plan for Non-officer Presidents are to be issued under the Company’s Incentive Award Plan and any DCUs remaining in these plans were eliminated by shareholder approval on April 8, 2008. DCUs issued under the Deferred Compensation Plan for Officers continue to be issued under the Incentive Award Plan. |
The number of DCUs is determined by dividing the amount deferred by the closing price of the Company’s Common Stock the day before the date of deferral. The DCUs are entitled to receive dividend equivalents which are reinvested in DCUs based on the same formula for investment of a participant’s deferral. Since deferred compensation is payable upon separation of service within the meaning of Section 409A of the Internal Revenue Code, no benefits are payable prior to the date that is six months after the date of separation of service, or the date of death of the employee, if earlier.
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