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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Restricted Shares vest in the amount of 1/6th of the grant on each of the six annual anniversaries following the respective grant date. Mr. Bruno has three grants still outstanding, and of those the following shares remain unvested at this time: 200 shares from the grant on 08/01/12; 100 shares from the grant on 09/01/12; and 300 shares from the grant on 04/01/14. |
(2) |
Assuming his continued employment (or death or disability while employed) and the satisfaction of certain performance goals is achieved, 3,000 shares would vest at the end of a three-year performance period that began on January 1, 2016 and ends on the last NYSE trading day of December 2018 (the "2016 Performance Period"). 3,000 of the restricted Performance Shares will vest only upon the Company's return on invested capital being in the top decile of the Company's peers as published by Bloomberg upon the close of the NYSE market on the last day of the 2016 Performance Period. If this criteria is not met, then no shares shall vest and the award shall be forfeited. |
(3) |
Assuming his continued employment (or death or disability while employed) and the satisfaction of certain performance goals is achieved, 2,400 shares would vest at the end of a three-year performance period that began on January 1, 2017 and ends on the last NYSE trading day of December 2019 (the "2017 Performance Period"). 2,400 of the restricted Performance Shares will vest only upon the Company's return on invested capital being in the top 75th percentile of the Company's peers as published by Bloomberg upon the close of the NYSE market on the last day of the 2017 Performance Period. If this criteria is not met, then no shares shall vest and the award shall be forfeited. |