February 2006 Stock Option Grants to Executive Officers under Omnibus Stock Ownership and Long Term Incentive Plan

Summary

This document lists stock option grants made on February 21, 2006, to four executive officers of the company under its Omnibus Stock Ownership and Long Term Incentive Plan. Each officer received options to purchase a specified number of shares of common stock at an exercise price of $28.52 per share, with a 10-year term. The options vest in equal one-third increments on each anniversary of the grant date, starting either in 2007 or 2009, depending on the officer.

EX-10.2 3 dex102.htm SCHEDULE LISTING NUMBER OF SHARES OF OUR COMMON STOCK Schedule listing number of shares of our common stock

Exhibit 10.2

February 2006 Stock Option Grants

The following table lists the number of shares of our common stock for which a purchase option was granted on February 21, 2006, to each of our named executive officers pursuant to the terms of our Omnibus Stock Ownership and Long Term Incentive Plan, together with the exercise price, term and vesting schedule of each option.

 

Name and Title

  

Number

of Shares

  

Exercise

Price

Per Share

  

Option

Term

  

Vesting Schedule

Arthur H. Keeney III

President and Chief Executive Officer

   8,954    $ 28.52    10 years    Becomes exercisable as to one-third of the shares each February 21, beginning 02/21/07

J. Dorson White

Executive Vice President and Chief Operating Officer

   4,952    $ 28.52    10 years    Becomes exercisable as to one-third of the shares each February 21, beginning 02/21/09

William F. Plyler, II

Senior Vice President and Chief Credit Officer

   2,562    $ 28.52    10 years    Becomes exercisable as to one-third of the shares each February 21, beginning 02/21/09

Gary M. Adams

Senior Vice President and Chief Financial Officer

   1,619    $ 28.52    10 years    Becomes exercisable as to one-third of the shares each February 21, beginning 02/21/09