DEF 14A
KAMAN CORP filed this Form DEF 14A on 03/03/2017
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Outstanding Equity Awards at 2016 Fiscal Year-End
The following table lists the outstanding stock options and stock awards at December 31, 2016, for each of our Named Executive Officers.
 
 
Option Awards
 
 
Stock Awards
Name
 
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
 
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable(1)
 
Option
Exercise
Price
($)
 
Option
Expiration
Date
 
Number of
Shares or
Units of
Stock That
Have Not
Vested
(#)
 
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested(2)
($)
 
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(2)
($)
Neal J. Keating
 

 

 
 
 
 
 

 
 

 
5,737

(3) 
 
$280,711
 
 

 

 
 
 
 
 
15,000

(4) 
 
$733,950
 

 
 

Robert D. Starr
 
6,310

 

 
$26.07
 
 
2/22/2020
 
 

 
 

 

 
 

 
 
5,260

 

 
$31.78
 
 
2/21/2021
 
 

 
 

 

 
 

 
 
4,176

 
1,044

 
$33.59
 
 
2/20/2022
 
 
378

(5)(10) 
 
$18,496
 

 
 

 
 
3,081

 
2,054

 
$36.29
 
 
2/18/2023
 
 
704

(6)(10) 
 
$34,447
 

 
 

 
 
6,188

 
9,282

 
$39.22
 
 
2/19/2024
 
 
2,784

(7)(10) 
 
$136,221
 

 
 

Gregory L. Steiner
 
20,000

 

 
$21.60
 
 
7/7/2018
 
 

 
 

 

 
 

 
 
8,010

 

 
$16.35
 
 
2/23/2019
 
 

 
 

 

 
 

 
 
18,490

 

 
$26.07
 
 
2/22/2020
 
 

 
 

 

 
 

 
 

 

 
 
 
 
 
3,000

(4) 
 
$146,790
 

 
 

 
 

 

 
 

 
 
 

 
 

 
1,077

(3) 
 
$52,698
 
 

 

 
 

 
 
 

 
 

 
1,105

(3) 
 
$54,068
 
 

 

 
 

 
 
 

 
 

 
1,060

(3) 
 
$51,866
Steven J. Smidler
 
15,820

 

 
$31.78
 
 
2/21/2021
 
 

 
 

 

 
 

Ronald M. Galla
 

 

 
 
 
 
 

 
 

 

 
 

Shawn G. Lisle
 
2,000

 
500

 
$33.59
 
 
2/20/2022
 
 
400

(8)(10) 
 
$19,572
 

 
 

 
 
2,472

 
1,648

 
$36.29
 
 
2/18/2023
 
 
566

(9)(10) 
 
$27,694
 

 
 

(1)
Unless otherwise stated, options vest at the rate of 20% per year, beginning March 1 of the year following the grant date and have a term of 10 years. Vesting of these awards may be accelerated upon death, disability, retirement or upon termination of employment following a change in control event, or in other termination of employment circumstances in accordance with the employment agreements and change in control agreements for each Named Executive Officer and otherwise as provided in the equity plans under which the awards were granted. Please see the Post-Termination Payments and Benefits section.
(2)
Market value is calculated based on the closing price of the Company’s Common Stock on December 30, 2016 (the last business day of the year), which was $48.93.
(3)
Represents a special share-based long-term incentive award granted under the 2013 Management Incentive Plan for the three-year performance period following the date of grant. The award is intended to create an additional financial incentive to remain in the employ of the Company until the recipient reaches 62 years of age. If earned, the award would be paid in shares of Company stock, rather than in cash, but the recipient must remain in the employ of the Company until he reaches 62 years of age for the award to vest, at which time the recipient would be entitled to delivery of the shares. As of the date of this proxy statement, achievement of the underlying performance criteria has not been determined. Unvested share-based LTIP awards are not counted toward compliance with the Company's stock ownership guidelines.
(4)
Represents a special retention restricted share unit award that is intended to create an additional financial incentive to remain in the employ of the Company until the recipient reaches 62 years of age, at which time the award vests.
(5)
Represents a time-based restricted share award granted on February 20, 2012.
(6)
Represents a time-based restricted share award granted on February 18, 2013.
(7)
Represents a time-based restricted share award granted on February 19, 2014.
(8)
Represents a time-based restricted share award granted on February 20, 2012.
(9)
Represents a time-based restricted share award granted on February 18, 2013.
(10)
Restrictions on all time-based restricted share awards lapse at the rate of 20% per year, beginning March 1 of the year following the grant date. Lapsing of restrictions may be accelerated upon death, disability, retirement or upon termination of employment following a change in control event, or in other termination of employment circumstances in accordance with the employment agreements and change in control agreements for each Named Executive Officer and otherwise as provided in the equity plans under which the awards were granted. Please see the Post-Termination Payments and Benefits section.

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