Schedule of Stock Option Grants to German American Bancorp Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document lists stock options granted to executive officers of German American Bancorp, including Mark Schroeder, Stan Ruhe, Clay Ewing, and Kenneth Sendelweck. It details the number of options, grant dates, exercise prices, and vesting schedules under the company's 1992 Stock Option Plan and 1999 Long Term Equity Incentive Plan. Some options are original grants, while others are replacement options issued when executives used existing shares to exercise previous options. Most options vest over five years, with some becoming immediately exercisable. Options generally expire ten years after the grant date.

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EX-10.2 3 0003.txt EXHIBIT 10.2
Schedule Identifying Material Terms of Options Granted To German American Bancorp Executive Officers Option Mark Stan Clay Kenneth Price Type of Option Date Schroeder Ruhe Ewing Sendelweck per Share - -------------- ---- --------- ---- ----- ---------- --------- Original Grant (2) 4/20/93 20,101.43 12,060.86 ------- ------- $ 8.08 Replacement (3) 12/30/94 2,680.19 ------- ------- ------- 12.08 Replacement (3) 7/10/95 2,680.19 ------- ------- ------- 11.64 Replacement (3) 1/9/96 ------- 1,855.71 ------- ------- 12.24 Replacement (3) 7/15/96 2,297.31 1,442.20 ------- ------- 13.52 Replacement (3) 1/16/97 4,057.36 2,744.61 ------- ------- 15.36 Replacement (3) 8/1/97 2,766.49 1,162.02 ------- ------- 16.76 Replacement (3) 8/3/98 ------- 354.23 ------- ------- 25.29 Replacement (3) 5/4/99 1,962.45 633.94 ------- ------- 16.55 Original Grant (4) 6/1/99 1,102.50 ------- ------- ------- 16.44 Original Grant (4) 6/1/00 1,050.00 ------- ------- ------- 14.46 Original Grant (4) 7/1/00 ------- 8,925.00 8,925.00 8,925.00 13.81 (1) Number of options and per share exercise price have been retroactively adjusted for subsequent stock splits and dividends. (2) These options under the German American Bancorp 1992 Stock Option Plan (the "Plan") were made on April 20, 1993. These options expire ten years after the grant date. The options granted to the executive officers became exercisable with respect to twenty percent of the shares on each of the anniversary dates beginning on the first anniversary of the date of grant. (3) The Stock Option Plan provides that if the optionee tenders Common Shares of the Corporation already owned by the optionee as payment, in whole or part, of the exercise price for the shares the optionee has elected to purchase under the option, then the Corporation is obligated to use its best efforts to issue a replacement option of the same type (incentive or non-qualified option). With the same expiration date as the option that was exercised, and covering a number of Common Shares equal to the number of Common Shares tendered. Replacement options may not be exercised until one year after the date of grant. (4) These options were granted under the 1999 Long Term Equity Incentive Plan. The options granted to Mr. Schroeder became exercisable immediately. The options granted to the other executive officers become exercisable with respect to twenty percent of the shares on each of the anniversary dates beginning on the first anniversary of the date of grant.