I wonder what they mean bu AWARDS???????? What did they do to earn the AWARDS??????
Outstanding Equity Awards
The table below shows the equity awards that have been previously awarded tohttp://finance.yahoo.com/q;_ylt=Ah4F4YFBRUx4AlABHgBASNHeAohG;_ylu=X3oDMTFkanZpaGNpBG1pdANGaW5hbmNlIENoYXJ0BHBvcwMxBHNlYwNNZWRpYUZpbmFuY2VDaGFydA--;_ylg=X3oDMTFlamZvM2ZlBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdAMEcHQDc2VjdGlvbnM-;_ylv=3?s=SGGH each of the named executive officers and which remain outstanding as of December 31, 2012.
Option Awards Stock Awards
Exercisable(1) Number of
Price ($) Option
Date Number of
Units of Stock
Not Vested (#)(2) Market Value
of Shares or
Units of Stock
That Have Not
I never really have a problem with options. Options, if done correctly, align the officers' interest with the company's interests and create all the incentive for the officers to get the share price up. Same for bonuses.
The offenses of ex sggh management were the ratchet down clause of the options and then the exorbitant salaries and expenses that they just gave themselves. Totally unwarranted. And, of course, they accomplished nothing. One had to wonder what they did every day at work when there was nothing to put in the quarterly reports for 3 straight years.
I actually now have high hopes for SGGH under Colville and Zell. It's just too bad we're now 3 years down the road and down 30% from where we started 3 years ago.