Notice of Stock Option Adjustments to Michael D. Lockhart under 2006 Long-Term Incentive Plan
This letter notifies Michael D. Lockhart that his stock option grant under the company's 2006 Long-Term Incentive Plan has been adjusted due to a special cash dividend. The exercise price for his options has been reduced from $52.38 to $39.88 per share, while the number of shares and vesting dates remain unchanged. All other terms of the original grant continue to apply. The letter instructs Mr. Lockhart to file this notice with his original grant documents.
March 11, 2008
PERSONAL & CONFIDENTIAL
Michael D. Lockhart
Executive Office
Subject: Notice of Stock Option Adjustments
Dear Mike,
On February 19, 2007, you received the following Stock Option grant under the Company's 2006 Long-
Term Incentive Plan.
Stock Option Grant
Exercise Price - $52.38 per share
Number of Shares Date Exercisable
23,360 February 19, 2008
21,090 February 19, 2009
19,650 February 19, 2010
64,100
Under the terms of the Plan, the Management Development and Compen sation Committee of the Board
of Directors is required to make equitable adjustments to Stock Option grants if there is a change in the
capital structure of the Company. As a result of the $4.50 special cash dividend declared by the Board of
Directors on February 25, 2008, your Stock Option grant has been adjusted. The exercise price has been
reduced by $12.50 per share. Your grant is now as follows:
Adjusted Grant
Exercise Price - $39.88 per share
Number of Shares Date Exercisable
23,360 February 19, 2008
21,090 February 19, 2009
19,650 February 19, 20 10
64,100
All other terms and conditions of your Stock Option grant are unchanged. You should file this Notice of
Stock Option Adjustments with your original grant documents.
Please call Scott Webster if you have questions.
Sincerely,
/s/ Donald A. McCunniff
Donald A. McCunniff
Senior Vice President, Human Resources
