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We believe our compensation of our NEOs aligns well with our performance, but we also believe
that this alignment is not always reflected in the Summary Compensation Table in the same way we
view the alignment for our internal purposes. This is because the Summary Compensation Table values
are required by Securities and Exchange Commission rules to include the full grant date fair value of
equity awards in the year the awards are granted. The grant date fair value is an accounting value that
projects the potential value of awards based on assumptions about, among other things, certain future
events. The grant date fair value is different from the economic value of the awards to our NEOs, which
may be lower or higher than the grant date fair value depending on the price of our common stock. For
this reason, we are including in this proxy statement, as a supplement to the required Summary
Compensation Table, a comparison of our NEOs’ realizable pay for 2014 with their total compensation
as shown in the Summary Compensation Table.
Name and Principal Position
Summary
Compensation
Table Total
Compensation ($)
Total Realizable
Compensation ($)
Mark J. Gliebe
Chairman and Chief Executive Officer
7,145,715
5,016,695
Charles A. Hinrichs
Vice President and Chief Financial Officer
1,543,052
1,057,941
Jonathan J. Schlemmer
Chief Operating Officer
1,923,401
1,357,582
Peter C. Underwood
Vice President, General Counsel and Secretary
1,144,293
790,618
Terry R. Colvin
Vice President, Corporate Human Resources
752,272
669,939
The realizable pay disclosure in the table above is the same as the compensation shown in the
Summary Compensation Table except that it values equity‐based compensation based on the price of
our common stock at fiscal year end. Restricted stock units (“RSUs”) are valued as the product of the
number of shares granted to the officer during the year multiplied by the year‐end stock price, assuming
for purposes of this disclosure that the grants were vested. Stock appreciation rights (“SARs”) are
valued as the product of the number of rights granted to the officer during the year multiplied by the
excess, if any, of the year‐end stock price over the grant price of the rights, assuming for purposes of this
disclosure that the grants were vested. In addition, the performance share units (“PSUs”) granted to the
NEOs in 2014 have been valued using 32% of the target number of shares under the grants (which is
approximately the number of shares that would vest if the company’s total relative total shareholder
return for the entire applicable performance period is the same as it was for 2014), multiplied by the
year‐end stock price.
To illustrate how the compensation of our CEO has aligned with our total shareholder return, we
are also including the following supplemental graph, which compares our total shareholder return with