

Type of Award	Quarter Awarded	Shares or Units	Grant Date Fair Value ⁽⁵⁾
Annual Performance Shares⁽¹⁾	1st Quarter	34,176	$16.12
Annual Performance Shares⁽¹⁾	2nd Quarter	23,889	$16.15	-	$16.17
Annual Performance Shares⁽¹⁾	3rd Quarter	234	$14.93
Relative Total Shareholder Return Awards ⁽²⁾	1st Quarter	9,703	$21.16
Relative Total Shareholder Return Awards⁽²⁾	2nd Quarter	60,754	$21.46	-	$21.49
Restricted Stock Units ⁽³⁾	1st Quarter	170,686	$15.99	-	$16.39
Restricted Stock Units ⁽³⁾	2nd Quarter	138,844	$16.46	-	$16.48
Restricted Stock Units ⁽³⁾	3rd Quarter	9,291	$15.24
Unrestricted Shares ⁽⁴⁾	1st Quarter	12,318	$16.39
Unrestricted Shares ⁽⁴⁾	2nd Quarter	9,522	$16.48	-	$16.49
Unrestricted Shares ⁽⁴⁾	3rd Quarter	10,498	$14.44

(1) Annual performance shares were awarded to officers and other key employees. The number of annual performance shares to be issued will be dependent upon the Company’s return on capital during fiscal year 2019, with a percentage payout ranging from 0% to 200% of the target number set forth above. The maximum number of shares that can be issued under these awards is 116,598. Annual performance shares vest on June 30, 2019.

(2) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2020 and June 30, 2021. Participants will earn from 0% to 200% of the target award depending upon how the compound annual growth rate of Kimball International common stock ranks within the peer group at the end of the performance period. The maximum number of units that can be issued under these awards is 140,914.

(3) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2019, June 30, 2020, and June 30, 2021. Upon vesting, the outstanding number of restricted stock units and the value of dividends accumulated over the vesting period are converted to shares of common stock.

(4) Unrestricted shares were awarded to non-employee members of the Board of Directors and key employees as consideration for service to Kimball International and do not have vesting periods, holding periods, restrictions on sale, or other restrictions.

(5) The grant date fair value of annual performance shares is based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding annual performance share awards. The grant date fair value of the Relative Total Shareholder Return awards was calculated using a Monte Carlo simulation. This valuation technique includes estimating the movement of stock prices and the effects of volatility, interest rates, and dividends. The grant date fair value of the restricted share units and unrestricted shares was based on the stock price at the date of the award.