DEF 14A
KAMAN CORP filed this Form DEF 14A on 03/03/2017
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Option Exercises and Stock Vested in Fiscal Year 2016
The following table provides information about the value realized by our named executive officers on the exercise of stock options and the lapse of restrictions with respect to restricted stock awards during the 2016 fiscal year.
 
Option Awards
 
 
Stock Award
Name
Number of
Shares
Acquired on
Exercise
(#)
 
Value
Realized on
Exercise(1)
($)
 
Exercise
Date
 
Number of
Shares
Acquired on
Vesting
(#)
 
Value
Realized on
Vesting(2)
($)
 
Vesting
Date
Neal J. Keating

 
 

 
 

 
 

 
 
 
 
 

 
Robert D. Starr

 
 

 
 

 
 
399

 
 
 
$17,532
 
 
3/1/2016

 
 

 
 

 
 

 
 
378

 
 
 
$16,609
 
 
3/1/2016

 
 

 
 

 
 

 
 
352

 
 
 
$15,467
 
 
3/1/2016

 
 

 
 

 
 

 
 
928

 
 
 
$40,776
 
 
3/1/2016

 
Gregory L. Steiner
4,005

 
 
$111,154
 
 
8/15/2016

 
 

 
 
 

 
 

 
Steven J. Smidler

 
 

 
 

 
 
1,202

 
 
 
$52,816
 
 
3/1/2016

 
Ronald M. Galla

 
 

 
 

 
 

 
 
 

 
 

 
Shawn G. Lisle

 
 

 
 

 
 
400

 
 
 
$17,576
 
 
3/1/2016

 
 

 
 

 
 

 
 
283

 
 
 
$12,435
 
 
3/1/2016

 

(1)
These amounts differ from those shown in the Summary Compensation Table. The amounts shown in the Summary Compensation Table for stock options represent the aggregate grant date fair value of awards made during 2016 in accordance with ASC 718. The amounts identified above represent the value actually received for all options (including previously vested but unexercised options) exercised in 2016 measured as the difference between the fair market value of a share of our Common Stock on the day the option was exercised and the exercise price of the option.
(2)
These amounts differ from those shown in the Summary Compensation Table. The value of restricted stock awards included in the Summary Compensation Table represents the aggregate grant date fair value of awards made during 2016 valued in accordance with ASC 718. The amount shown above for restricted stock awards represents the actual value of the restricted stock awards on the date restrictions lapsed, determined based on the fair market value of a share of our Common Stock on that date.
Pension Benefits
The table below shows the present value of accumulated benefits payable to each of our named executive officers at age 65 and the number of years of service credited to each of them under the Kaman Corporation Employees’ Pension Plan, which we call the "pension plan," and the SERP as of December 31, 2016.
Name
 
Plan Name
 
Number of
Years of
Credited Service(1)
(#)
 
Present
Value of
Accumulated
Benefit(2)
($)
 
Payments
During Last
Fiscal Year
($)
Neal J. Keating   
 
Kaman Corporation Employees’ Pension Plan
 
8.4

 
 
$410,833
 
 
 

 
 
 
SERP
 
8.4

 
 
$1,633,094
 
 
 

 
Robert D. Starr(3)
 
Kaman Corporation Employees’ Pension Plan
 
6.9

 
 
$210,185
 
 
 

 
 
 
SERP
 

 
 

 
 
 

 
Gregory L. Steiner   
 
Kaman Corporation Employees’ Pension Plan
 
7.6

 
 
$359,640
 
 
 

 
 
 
SERP
 
7.6

 
 
$328,275
 
 
 

 
Steven J. Smidler(4)   
 
Kaman Corporation Employees’ Pension Plan
 

 
 

 
 
 

 
 
 
SERP
 

 
 

 
 
 

 
Ronald M. Galla   
 
Kaman Corporation Employees’ Pension Plan
 
31.7

 
 
$1,853,235
 
 
 

 
 
 
SERP
 
31.7

 
 
$2,531,641
 
 
 

 
Shawn G. Lisle(4)
 
Kaman Corporation Employees’ Pension Plan
 

 
 

 
 
 

 
 
 
SERP
 

 
 

 
 
 

 

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