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Sensata Technologies Holding N.V.'s SEC Filings

S-1/A
SENSATA TECHNOLOGIES HOLDING PLC filed this Form S-1/A on 03/09/2010
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Table of Contents

Outstanding Equity Awards at Year End Table

 

The following equity awards granted to our Named Executive Officers were outstanding as of December 31, 2009: stock option awards and restricted stock awards granted pursuant to the 2006 Option Plan and the 2006 Purchase Plan.

 

For more information about the 2006 Option Plan and the 2006 Purchase Plan, see “—Components of Compensation—Equity Compensation.”

 

          Option Awards(1)    Stock Awards(1)

Name

   Option
Grant

Date (2)
   Number of
Securities
Underlying
Unexercised
Options
Exercisable
(#)(4)
    Number of
Securities
Underlying
Unexercised
Options
Unexercisable
(#)(4)
   Option
Exercise
Price
($)(6)
   Option
Expiration
Date
   Number of
Shares or
Units of Stock
That Have
Not Vested
(#)(7)
    Market
Value of
Shares or
Units of
Stock That
Have Not
Vested($)

Thomas Wroe(3)

   5/15/2006    388,499 (4)    1,553,996    $ 6.99    5/15/2016    52,118 (8)    $ 1,043,924
   9/4/2009         225,000    $ 14.80    9/4/2019          
   12/9/2009                    83,600      $ 1,674,508

Jeffrey Cote

   3/28/2007    158,667      1,031,333    $ 7.30    3/28/2017          
   9/4/2009         250,000    $ 14.80    9/4/2019          
   12/9/2009                    92,900      $ 1,860,787

Martha Sullivan

   5/15/2006    325,838      1,303,353    $ 6.99    5/15/2016          
   9/4/2009         200,000    $ 14.80    9/4/2019          
   12/9/2009                    74,300      $ 1,488,229

Martin Carter

   12/9/2009         350,000    $ 17.48    12/9/2019          

Steve Major

   5/15/2006    137,855      551,418    $ 6.99    5/15/2016          

Richard Dane

   5/15/2006    175,451      701,804    $ 6.99    5/15/2016          

 

 

(1)   The options and restricted shares granted to the Named Executive Officers as set forth in the foregoing table are subject to time-based vesting as follows:

 

Date of Grant

  

Type of
Award

  

Vesting Schedule

May 15, 2006    Options    40% on May 15, 2008 and 20% on May 15, 2009, 2010 and 2011
May 15, 2006    Restricted Shares    100% on June 2, 2011
March 28, 2007    Options    40% on March 28, 2009 and 20% on March 28, 2010, 2011 and 2012
September 4, 2009    Options   

20% on September 4, 2010, 2011, 2012, 2013 and 2014

December 9, 2009    Options    40% December 9, 2011 and 20% on December 9, 2012, 2013 and 2014
December 9, 2009    Restricted Shares    20% on December 9, 2010, 2011, 2012, 2013 and 2014
(2)   The option awards are divided into three tranches. The first tranche is subject to time vesting and vests fully on the fifth anniversary of the date of the award. The second and third tranches are subject to the same time vesting as the first tranche and the completion of a liquidity event that results in specified returns on the Sponsors’ investment. During the three months ended September 30, 2009, we amended the 2006 Option Plan to increase the ordinary shares reserved for issuance under the 2006 Option Plan and to change the vesting rules by eliminating the Tranche 3 performance level requirement and changing the performance measure of Tranche 3 options to that of the Tranche 2 options. In effect, Tranche 3 options were converted to Tranche 2 options.
(3)   In the case of Mr. Wroe, upon the occurrence of his “involuntary retirement, death or disability” and so long as Mr. Wroe does not violate certain covenants set forth in the award agreement for Mr. Wroe, (i) time vesting in respect to the options (other than, in the case of death or disability, pursuant to the one-year acceleration) will cease as of the termination date; (ii) all options that have not time vested as of the termination date (including, in the case of death and disability, pursuant to the one-year acceleration) will expire; (iii) the time vested performance options (the second and third tranche) that have time vested as of the termination date (including, in the case of death and disability, pursuant to the one-year acceleration) will thereafter continue to be eligible to performance vest upon the completion of a liquidity event that results in specified returns, retrospective of each tranche, on the sponsors investment; (iv) Mr. Wroe may exercise his vested options at any time prior to the expiration of such options; and (v) none of the “award securities” issued to Mr. Wroe will be subject to repurchase. Under Mr. Wroe’s award agreement, “involuntary retirement” generally means termination of Mr. Wroe’s employment by the Company or any of its subsidiaries without cause or by the participant with good reason and “award securities” generally means any ordinary shares issued under any of the company’s equity incentive plans.

 

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