NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
|
|
PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS
|
5
|
General
|
5
|
Voting by Proxy
|
5
|
Voting and Quorum Requirements at the Meeting
|
6
|
Solicitation of Proxies
|
6
|
Annual Report
|
6
|
Principal Shareholders of the Company
|
7
|
Security Ownership of Certain Beneficial Owners and Management
|
7
|
PROPOSAL ONE – ELECTION OF DIRECTORS
|
10
|
Nominees and Vote Required to Elect Nominees
|
10
|
Term of Office
|
10
|
Family Relationships
|
10
|
Information about Nominees
|
10
|
PROPOSAL TWO – RATIFICATION OF SELECTION OF AUDITOR
|
15
|
PROPOSAL THREE – ADVISORY VOTE TO APPROVE THE COMPENSATION OF NAMED EXECUTIVE OFFICERS
|
16
|
CORPORATE GOVERNANCE
|
17
|
Director Compensation
|
17
|
Attendance of Meetings
|
18
|
Director Nominations
|
18
|
Director Independence
|
19
|
19
|
|
Committees of the Board of Directors
|
19
|
Risk Oversight and Audit Committee
|
19
|
Independent Compensation Committee
|
20
|
Credit Committee
|
20
|
Independent Director Meetings
|
20
|
Communication with the Board of Directors
|
20
|
Report of the Risk Oversight and Audit Committee
|
21
|
Principal Accountant Fees and Services
|
22
|
Board Leadership Structure
|
22
|
Board Role in Oversight of Risk
|
22
|
Executive Officers
|
23
|
COMPENSATION DISCUSSION AND ANALYSIS
|
24
|
Committee Report
|
24
|
EQUITY COMPENSATION PLAN INFORMATION
|
37
|
EXECUTIVE COMPENSATION TABLES
|
38
|
Summary Compensation Table
|
38
|
Option Exercises and Stock Vested
|
39
|
Grants Of Plan-Based Awards
|
40
|
Outstanding Equity Awards at Fiscal Year-End
|
42
|
Pension Benefits
|
51
|
Nonqualified Deferred Compensation
|
52
|
Potential Payments Upon Termination
|
53
|
RELATED PARTY TRANSACTION REVIEW AND APPROVAL POLICY
|
56
|
CERTAIN TRANSACTIONS
|
56
|
INSIDER REPORTING
|
57
|
PROPOSALS OF SHAREHOLDERS
|
57
|
OTHER MATTERS
|
58
|
1.
|
To fix the number of directors to be elected at seventeen (17) and to elect seventeen (17) persons as directors for a term of one year or until their successors have been elected and qualified;
|
2.
|
To ratify the selection of Ernst & Young LLP as the Company’s independent auditor for the fiscal year ending December 31, 2012;
|
3.
|
To consider an advisory vote to approve the compensation of the named executive officers; and
|
4.
|
To transact such other business as may properly be brought before the Annual Meeting or any adjournment or adjournments thereof.
|
(1)
|
Includes 1,716,453 shares owned by Assurances Company, LLC and 327,121 shares owned by Assurances Company II, LLC of which Mr. Kaiser is the sole member.
|
Name of Beneficial Owner
|
Amount and Nature of Beneficial Ownership(1)
|
Percent of Class(2)
|
Gregory S. Allen
|
3,940 (3)
|
*
|
C. Fred Ball, Jr.
|
61,925 (4)
|
*
|
Sharon J. Bell
|
79,490 (5)
|
*
|
Peter C. Boylan, III
|
4,595 (6)
|
*
|
Steven G. Bradshaw
|
125,424 (7)
|
*
|
Chester Cadieux, III
|
1,275
|
*
|
Charles E. Cotter
|
81,078 (8)
|
*
|
Joseph W. Craft III
|
784
|
*
|
William E. Durrett
|
89,002 (9)
|
*
|
Daniel H. Ellinor
|
108,399 (10)
|
*
|
John W. Gibson
|
641
|
*
|
David F. Griffin
|
40,366 (11)
|
*
|
V. Burns Hargis
|
24,334 (12)
|
*
|
E. Carey Joullian, IV
|
4,002 (13)
|
*
|
George B. Kaiser
|
42,104,369 (14)
|
59.8%
|
Robert J. LaFortune
|
50,895
|
*
|
Stanley A. Lybarger
|
395,293 (15)
|
*
|
Steven J. Malcolm
|
1,766 (16)
|
*
|
Steven E. Nell
|
124,507 (17)
|
*
|
E.C. Richards
|
2,817 (18)
|
*
|
Michael C. Turpen
|
263 (19)
|
*
|
All directors, nominees, and executive officers listed on page 23 (24 persons)
|
43,415,140
|
61.7%
|
(1)
|
Except as otherwise indicated, all shares are beneficially owned and the sole investment and voting power is held by the person named.
|
(2)
|
All percentages are rounded to the nearest tenth, and are based upon the number of shares outstanding as of the date set forth above. For purposes of computing the percentages of the outstanding shares owned by the persons described in the table, any shares such persons are deemed to own by having a right to acquire such shares by exercise of an option are included, but shares acquirable by other persons by the exercise of stock options are not included.
|
(3)
|
Includes 3,940 shares owned jointly by Mr. Allen and Elizabeth Allen.
|
(4)
|
Includes options to purchase 46,016 shares of BOK Financial common stock immediately exercisable or becoming exercisable within 60 days. Also includes 2,000 shares owned by Mr. Ball and Charlotte Ball, and 5,267 shares owned by C. Fred Ball, Jr. IRA.
|
(5)
|
Includes 2,791 shares owned by Ms. Bell’s spouse, Gregory Allen Gray. Also includes 18,440 shares owned by the J. A. Chapman and Leta M. Chapman Trust (1949), of which Ms. Bell is individual trustee, and 21,329 shares owned by the Leta McFarlin Chapman Trust (1974), of which Ms. Bell is co-trustee.
|
(6)
|
Includes 2,000 shares owned by Boylan Partners, LLC.
|
(7)
|
Includes options to purchase 60,426 shares of BOK Financial common stock immediately exercisable or becoming exercisable within 60 days. Also includes 40,164 shares owned by the Steven G. Bradshaw Revocable Trust, of which Mr. Bradshaw and Marla Bradshaw are trustees, 23,700 shares of restricted stock and 1,134 shares held in the BOK Thrift Plan.
|
(8)
|
Includes options to purchase 61,749 shares of BOK Financial common stock immediately exercisable or becoming exercisable within 60 days. Also includes 15,817 shares owned by the Cotter Family Limited Partnership, 3,485 shares of restricted stock and 25 shares held in the BOK Thrift Plan.
|
(9)
|
Includes 1,884 shares indirectly owned by the William E. Durrett Revocable Trust, 5,041 shares indirectly owned by the Durrett Family Limited Partnership, 79,183 shares indirectly owned by American Fidelity Assurance Company, 1,121 shares indirectly owned by CPROP, INC., 199 shares indirectly owned by CELP, and 1,574 shares indirectly owned by CAMCO.
|
(10)
|
Includes options to purchase 61,268 shares of BOK Financial common stock immediately exercisable or becoming exercisable within 60 days. Also includes 30,024 shares of restricted stock and 636 shares held in the BOK Thrift Plan.
|
(11)
|
Includes 38,903 shares indirectly owned by Doppler Investments, L.P.
|
(12)
|
Includes 24,334 shares indirectly owned by Mr. Hargis and Ann Hargis.
|
(13)
|
Includes 1,869 shares indirectly owned by JCAP, LLC.
|
(14)
|
Includes 1,716,453 shares owned by Assurances Company, LLC and 327,121 shares owned by Assurances Company II, LLC of which Mr. Kaiser is the sole member.
|
(15)
|
Includes options to purchase 165,695 shares of BOK Financial common stock immediately exercisable or becoming exercisable within 60 days. Also includes 14,730 shares indirectly owned by Marcia Lybarger Living Trust, 7,744 shares indirectly owned by Stanley A. Lybarger, IRA, 145,686 shares of restricted stock, 31,192 shares of phantom stock in Mr. Lybarger’s deferred compensation plan, and 25 shares held in the BOK Thrift Plan.
|
(16)
|
Includes 1,766 shares indirectly owned by the Steven J. Malcolm Revocable Trust.
|
(17)
|
Includes options to purchase 86,619 shares of BOK Financial common stock immediately exercisable or becoming exercisable within 60 days. Also includes 11,775 shares of restricted stock and 25 shares held in the BOK Thrift Plan.
|
(18)
|
Includes 1,952 shares indirectly owned by the Emmet C. Richards Revocable Trust and 865 shares owned by Core Investment Capital, LLC.
|
(19)
|
Includes 263 shares indirectly owned by Mr. Turpen and Susan Turpen.
|
Name
|
Age
|
Principal Occupation and Business
Experience During Last 5 Years and
Directorships of Other Public Companies
|
First Year Became a Director
|
Gregory S. Allen
|
49
|
Chief Executive Officer, Maine Street Holdings, Inc. (consulting firm to food industry). Mr. Allen retired from Advance Food Company Inc. in 2010, where he served as Chief Executive Officer from 2003. In addition, he is a director of AdvancePierre Foods, Inc. (food processing company), American Fidelity Corporation (insurance holding company), Houston Baseball Partners, LLC (owner of baseball franchise and television cable network) and Airrosti Rehab Centers, LLC. We believe Mr. Allen’s qualifications to sit on our Board of Directors include his experience as an attorney and entrepreneur, as well as his management expertise.
|
2005
|
C. Fred Ball, Jr.
|
67
|
Senior Chairman of BOT, and formerly its Chairman, Chief Executive Officer, and President. Before joining BOT in 1997, Mr. Ball was Executive Vice President of Comerica Bank-Texas and later President of Comerica Securities, Inc. We believe Mr. Ball’s qualifications to sit on our Board of Directors include his almost four decades of experience in the banking industry and his involvement with the Texas market.
|
1999
|
Sharon J. Bell
|
60
|
Attorney and Managing Partner, Rogers and Bell (Tulsa, Oklahoma); Trustee and General Counsel, Chapman-McFarlin Interests; formerly a Director and President of Red River Oil Company (oil and gas exploration and development). We believe Ms. Bell’s qualifications to sit on our Board of Directors include her experience as an attorney and trustee, and leadership skills demonstrated through her civic involvement.
|
1993
|
Peter C. Boylan, III
|
48
|
CEO of Boylan Partners, LLC (investment and advisory services) since March 2002. From 1994 through early 2002, Mr. Boylan served in a variety of senior executive positions including Chairman, CEO, President, COO, Director, and CFO of both private and publicly traded entertainment, technology and media companies controlled or affiliated with Liberty Media Corporation. Mr. Boylan serves as a director of MRC Global, Inc., McJunkin Redman Holding Corporation and its parent, PRV Holdings, LLC, as well as St. Francis Health System. We believe Mr. Boylan’s qualifications to sit on our Board of Directors include his corporate executive management and leadership experience, his accounting, financial, and audit committee expertise, media and technology expertise, civic service, and experience sitting on other public and private boards of directors.
|
2005
|
Chester E. Cadieux, III
|
45
|
Chairman and CEO of QuikTrip Corporation (a gasoline and retail convenience chain) since 2002. Mr. Cadieux previously served as Vice President of Sales at QuikTrip Corporation. We believe Mr. Cadieux’s qualifications to sit on our Board of Directors include his knowledge of finance and accounting, his management experience, and his knowledge of all of our geographic markets.
|
2005
|
Joseph W. Craft, III
|
61
|
President, Chief Executive Officer and Director of Alliance Resource Partners, L.P. (a diversified coal producer and marketer) since 1999. Mr. Craft also serves as Chairman, President, Director and Chief Executive Officer of Alliance Holdings GP, L.P. Previously, Mr. Craft served as President of MAPCO Coal Inc. since 1986. We believe Mr. Craft’s qualifications to sit on our Board of Directors include his extensive experience in corporate leadership, as well as his public company experience.
|
2007
|
William E. Durrett
|
81
|
Senior Chairman of the Board and Director of American Fidelity Corporation (insurance holding company), and American Fidelity Assurance Company (a registered investment advisor). Chairman of the Board of INSURICA Insurance Management Network. We believe Mr. Durrett’s qualifications to sit on our Board of Directors include his experience leading insurance companies, as well as the extensive knowledge of our people and our business that he has acquired in over two decades of service on our Board.
|
1991
|
John W. Gibson
|
59
|
Chairman and Chief Executive Officer of ONEOK, Inc. and Chairman and Chief Executive Officer of ONEOK Partners GP, LLC, the general partner of ONEOK Partners, LP. Mr. Gibson joined ONEOK, Inc. in May 2000 from Koch Energy, Inc., a subsidiary of Koch Industries, where he was an Executive Vice President. We believe Mr. Gibson’s qualifications to sit on our Board of Directors include his extensive executive leadership and management experience and his involvement in the energy industry.
|
2008
|
David F. Griffin
|
46
|
Chairman and CEO of Griffin Capital, L.L.C. President and Chief Executive Officer, Griffin Communications, L.L.C. (owns and operates CBS-affiliated television stations in Oklahoma); formerly President and General Manager, KWTV-9 (Oklahoma City). We believe Mr. Griffin’s qualifications to sit on our Board of Directors include his significant expertise, experience, and background in corporate management and his involvement with both the Oklahoma City and Tulsa markets.
|
2003
|
V. Burns Hargis
|
66
|
President, Oklahoma State University. Prior to becoming OSU President, Mr. Hargis served as Vice Chairman, BOK Financial and BOK and Director of BOSC, Inc. since 1993. Mr. Hargis was formerly Attorney and Shareholder of the law firm of McAfee & Taft (Oklahoma City, Oklahoma). He is also a director of Chesapeake Energy Corporation. We believe Mr. Hargis’ qualifications to sit on our Board of Directors include his nearly three decades practicing law with a focus on financial reporting and litigation, including representing financial institutions and their boards, as well as having served for many years as our Vice Chairman.
|
1993
|
E. Carey Joullian, IV
|
51
|
Chairman, President and Chief Executive Officer of Mustang Fuel Corporation and subsidiaries; President and Manager, Joullian & Co., L.L.C.; Manager, JCAP, L.L.C. We believe Mr. Joullian’s qualifications to sit on our Board of Directors include his significant experience and expertise in the oil and gas industry and his expertise in accounting.
|
1995
|
George B. Kaiser
|
69
|
Chairman of the Board and majority shareholder of BOK Financial and BOKF; President, CEO, and principal owner of GBK Corporation, parent of Kaiser-Francis Oil Company (independent oil and gas exploration and production company); founder of Excelerate Energy and Argonaut Private Equity. We believe Mr. Kaiser’s qualifications to sit on our Board of Directors include his four decades of executive leadership in the oil and gas industry, his broad perspective gained from involvement in diverse industries, his knowledge of our business, and his interest as the majority owner of our company.
|
1990
|
Robert J. LaFortune
|
85
|
Self-employed in the investment and management of personal financial holdings. Mr. LaFortune is also a director of Apco International Oil & Gas, Inc. We believe Mr. LaFortune’s qualifications to sit on our Board of Directors include his years of public service, including serving as mayor of the City of Tulsa, as well as his experience on other boards and their audit committees.
|
1993
|
Stanley A. Lybarger
|
62
|
President and Chief Executive Officer of BOK Financial and BOKF, NA; previously President of BOK Oklahoma City Regional Office and Executive Vice President of BOK with responsibility for corporate banking. We believe Mr. Lybarger’s qualifications to sit on our Board of Directors include his current position as our Chief Executive officer, his three decades of leadership positions with BOKF, and his extensive knowledge of all facets of the banking industry.
|
1991
|
Steven J. Malcolm
|
63
|
Retired Chairman, President and Chief Executive Officer of The Williams Companies, Inc. (energy holding company) and Williams Partners L.P.; previously, President and Chief Executive Officer of Williams Energy Services after serving as senior vice president and general manager of Midstream Gas and Liquids for Williams Energy Services. In December 2011, Mr. Malcolm became a director of ONEOK, Inc. and ONEOK Partners Boards of Directors. We believe Mr. Malcolm’s qualifications to sit on our Board of Directors include his experience in the energy sector as well as his public company and executive management expertise.
|
2002
|
E.C. Richards
|
62
|
Managing Member of Core Investment Capital, LLC. Prior to September 1999, Mr. Richards served as Executive Vice President and Chief Operating Officer for Sooner Pipe Corporation (distributor of tubular products worldwide with domestic and international operations), a subsidiary of Oil States International. Mr. Richards previously served on the BOK Financial Board of Directors from 1997 through 2001. We believe Mr. Richards’ qualifications to sit on our Board of Directors include his diverse background in the private equity and distribution industries and his civic involvement.
|
2008
|
Michael C. Turpen
|
62
|
Partner at the law firm of Riggs, Abney, Neal, Turpen, Orbison & Lewis in Oklahoma City, Oklahoma. Mr. Turpen previously served as Attorney General for the State of Oklahoma. We believe Mr. Turpen’s qualifications to sit on our Board of Directors include his legal expertise, his public service experience, and leadership skills demonstrated through extensive involvement with non-profit boards and organizations.
|
2011
|
Name(1)
|
Fees Earned or
Paid in Cash
($)
|
Stock Awards(2)
($)
|
Total
($)
|
|||||||||
Gregory S. Allen
|
7,000 | 8,756.40 | 15,756.40 | |||||||||
Sharon J. Bell
|
5,500 | 8,756.40 | 14,256.40 | |||||||||
Peter C. Boylan, III
|
14,000 | 8,756.40 | 22,756.40 | |||||||||
Chester Cadieux, III
|
8,000 | 8,756.40 | 16,756.40 | |||||||||
Joseph W. Craft
|
9,500 | 8,756.40 | 18,256.40 | |||||||||
William E. Durrett
|
2,000 | 8,756.40 | 10,756.40 | |||||||||
John W. Gibson
|
6,500 | 8,756.40 | 15,256.40 | |||||||||
David F. Griffin
|
16,000 | 8,756.40 | 24,756.40 | |||||||||
V. Burns Hargis
|
9,000 | 8,756.40 | 17,756.40 | |||||||||
E. Carey Joullian, IV
|
5,500 | 8,756.40 | 14,256.40 | |||||||||
Robert J. LaFortune
|
6,500 | 8,756.40 | 15,256.40 | |||||||||
Steven J. Malcolm
|
9,000 | 8,756.40 | 17,756.40 | |||||||||
E.C. Richards
|
11,000 | 8,756.40 | 19,756.40 | |||||||||
David L. Thompson(3)
|
7,000 | 8,756.40 | 15,756.40 | |||||||||
Michael C. Turpen
|
7,500 | 8,756.40 | 16,256.40 |
(1)
|
George B. Kaiser is a non-officer director but is not listed as he does not receive compensation for serving as a director.
|
(2)
|
The BOK Financial Directors Stock Compensation Plan provides that the issuance price for the director compensation shares is the average of the mid-points between the highest price and the lowest price at which trades occurred on NASDAQ on the five trading days immediately preceding the end of the calendar quarter. Director shares were granted in 2011 at the following prices: first quarter, $54.04; second quarter, $51.21; third quarter, $53.11; and fourth quarter, $47.02. Grants in the first and second quarters totaled $1,875 per director; grants in the third and fourth quarters were comprised of 50 shares per director per quarter. The total BOK
|
(3)
|
Mr. Thompson resigned from the Board of Directors effective as of January 10, 2012 due to a change in employment.
|
§
|
Reward sustained, above peer performance
|
§
|
Encourage both individual performance and teamwork
|
§
|
Link compensation to operational results
|
§
|
Align executive interests with shareholder interests
|
§
|
Keep BOK Financial compensation competitive with peer banks
|
§
|
Create long-term commitment to the Company
|
§
|
Salary
|
§
|
Executive Incentive Compensation (annual and long-term)
|
§
|
401(k) Thrift Plan
|
§
|
Deferred Compensation
|
§
|
True-Up Plan
|
·
|
EPS Growth is used to measure the annual incentive under the Executive Incentive Plan.
|
·
|
The Committee views EPS Growth as an important variable used in public markets to measure profitability and determine the Company’s stock price and, thus, shareholder value.
|
·
|
Net Direct Contribution is a mathematical calculation designed to compare the actual financial contribution of a business unit to its planned performance. Net Direct Contribution is determined, generally, by calculating the net operating income of a business unit and subtracting net loan charge offs and all gains and/or losses on repossessed assets related to the business unit. The net results of the valuation of mortgage servicing rights (“MSR”) and the related MSR hedge activity are also included in Mr. Bradshaw’s results as he is responsible for Mortgage Banking.
|
·
|
Prior to the beginning of the new fiscal year, the CEO asks Mr. Bradshaw and Mr. Ellinor to develop business plans which include anticipated expenses and targeted revenue for their respective areas of responsibility (the “Net Direct Contribution Plans”). The CEO and CFO, in concert with the responsible executive, review and modify the Net Direct Contribution Plans. The CEO and CFO then aggregate the Net Direct Contribution Plans to develop an overall Company-wide budget and plan (the “Annual Plan”).
|
·
|
For Mr. Bradshaw, Net Direct Contribution was linked to the financial performance of the Consumer Banking, Mortgage Banking, Treasury Services, Wealth Management and Commercial Banking activities in Kansas City and Colorado. For Mr. Ellinor, Net Direct Contribution was linked to financial performance of Commercial Banking in Oklahoma, New Mexico, Arizona and Arkansas, Commercial Real Estate and Energy Lending, Dealer Financial Services, Private Equity-Merchant Banking, and TransFund.
|
·
|
Prior to the beginning of the new fiscal year, the CEO asks Mr. Cotter, as Chief Credit Officer, to develop a plan which for Company credit quality to be measured against peer bank credit quality (the “Credit Quality Plan”). The measures in the Credit Quality Plan include charge-offs, nonperforming, criticized and classified assets. The CEO and CFO, in concert with the Mr. Cotter, review and modify the Credit Plan. The Credit Quality Plan, like the Net Direct Contributions Plans, is included in the Annual Plan.
|
·
|
The Annual Plan is presented to the Company Board of Directors for review and comment.
|
·
|
Linking compensation to Net Direct Contribution and Credit Quality motivates executives to achieve superior results in their particular business units, contributing to Company-wide profitability.
|
·
|
At the beginning of each year, the CEO meets with each of the named executives to establish individual performance goals.
|
·
|
Progress is discussed with each executive periodically throughout the year.
|
·
|
The Company’s internal compensation group completes an annual peer review of executive compensation using publicly available information, including proxy statements.
|
·
|
The Committee uses this information to assist in setting salary and, in future years, to establish annual and long-term compensation in accordance with the Plan and also to determine payments under the True-Up Plan.
|
·
|
The Committee annually updates the peer group of bank holding companies in accordance with the following guidelines:
|
·
|
The peer banks will include only publicly-traded, SEC registered, United States bank holding companies (BHCs) as defined in SNL Securities Public Trading BHC Database.
|
·
|
The peer banks will include an equal number of BHCs above and below the Company with the Company being the median bank; provided, however, that BHC with assets greater than 300% of the Company’s assets or less than 50% of the Company’s assets (as of the date for which the calculation is being made) shall be excluded from the peer banks.
|
·
|
Notwithstanding the foregoing or anything to the contrary in the Plan, in the event the peer banks contain any financial institution that does not have sufficient compensation or earnings data to complete the contemplated calculation under the Plan, such financial institution shall be eliminated from the group of peer banks and replaced with the financial institution that has the next smallest amount of assets of those financial institutions eligible for the peer banks that are not already included in the peer group, even if such financial institution has total assets less than 50% of the Company. Asset size means total assets at the end of the calendar year for which the compensation is being paid.
|
Financial Institution
|
Total Assets ($000)1
|
|||
Comerica Incorporated
|
61,008,000 | |||
Huntington Bancshares Inc.
|
54,450,652 | |||
Zions Bancorporation
|
53,149,109 | |||
First Niagara Financial Group, Inc.
|
32,810,615 | |||
Synovus Financial Corp.
|
27,162,845 | |||
First Horizon National Corporation
|
24,789,384 | |||
City National Corporation
|
23,666,291 | |||
East West Bancorp, Inc.
|
21,968,667 | |||
Associated Banc-Corp
|
21,924,217 | |||
First Citizens BancShares, Inc.2
|
21,015,344 | |||
BOK Financial Corporation
|
25,066,265 |
(1)
|
Comparable Executive Position. For purposes of both annual and long-term incentive, each named executive’s position is compared to the peer banks’ executive positions, based upon information reported in shareholder proxy statements, as follows (each a “Comparable Executive Position”): the Company’s Chief Executive Officer is compared against the chief executive officers of the peer banks; the Chief Financial Officer is compared against the chief financial officers of the peer banks; Dan Ellinor and Steve Bradshaw are compared to the average of the two highest paid positions (excluding the chief executive officer and the chief financial officer) of the peer banks; and Chuck Cotter is compared to the third highest paid position of the peer banks (excluding the chief executive officer and the chief financial officer).
|
(2)
|
Annual Incentive Bonus. The “Annual Incentive Bonus” is determined as follows:
|
(i)
|
The two year average EPS Growth (“Average Growth”) is calculated for each peer bank based upon such peer bank’s filings with the Securities and Exchange Commission, and for the Company. The Company and the peer banks are then ranked starting with the highest Average Growth and ending with the lowest Average Growth (the “EPS Percentile Ranking”).
|
(ii)
|
The two year average annual bonus amount for each Comparable Executive Position at each peer bank is then calculated based upon such peer bank’s past two proxy statements (the “Peer Bank Annual Bonus Amount”). The Peer Bank Annual Bonus Amount for each Comparable Executive Position is then ranked starting with the highest Peer Bank Annual Bonus Amount and ending with the lowest Peer Bank Annual Bonus Amount (the “Peer Bank Annual Bonus Percentile Ranking”).
|
(iii)
|
The Company’s EPS Percentile Ranking is then applied to the Peer Bank Annual Bonus Percentile Ranking for each Comparable Executive Position to determine a Plan participant’s “Peer Bank Annual Bonus Match”. For example, if the Company’s EPS Percentile Ranking is at the 90th percentile, then the Peer Bank Annual Bonus Match for the Company’s Chief Executive Officer would be at the 90th percentile of the Chief Executive Officer Annual Bonus Amount in the Peer Bank Annual Bonus Percentile Ranking.
|
(iv)
|
The Annual Incentive Bonus for the Company’s Chief Executive Officer and its Chief Financial Officer equals that of their respective Peer Bank Annual Bonus Match.
|
(v)
|
The Annual Incentive Bonus for named executives (other than the Chief Executive Officer and Chief Financial Officer) equals (i) 50% of the amount of their Peer Group Annual Bonus Match and (ii) the Business Unit Annual Incentive Bonus (as hereafter defined).
|
(vi)
|
The Business Unit Annual Incentive Bonus is based upon the applicable business unit Net Direct Contribution matrix pursuant to which 33% of the target will be earned if 80% of the goal is met, 100% of the target will be earned if 100% of the goal is met and 200% of the target will be earned if 120% of the goal is met (the “Business Unit Annual Incentive
|
(vii)
|
The Business Unit Annual Incentive Bonus for the three named executives (other than the CEO and CFO, whose annual incentive is based solely on EPS Growth as described herein), is 100% of the planned Net Direct Contribution (described on page 27) for such named executive’s respective area of responsibility for Mr. Bradshaw and Mr. Ellinor and 100% Credit Quality verses peer performance for Mr. Cotter. For 2011, the Net Direct Contribution targets were as follows (in thousands): Mr. Bradshaw - $184,788 and Mr. Ellinor - $185,974. For Mr. Cotter, the Credit Quality target was the 50th percentile of peer banks for charge-offs and the 40th percentile of peer banks for nonperforming and criticized and classified assets. For 2011, the named executives attained their Net Direct Contribution and Credit Quality targets as follows: Mr. Bradshaw attained 94.6%, Mr. Ellinor attained 111.7% and Mr. Cotter attained 140.4%. For the two year average (2010 and 2011), the named executives attained their Net Direct Contribution and Credit Quality targets as follows: Mr. Bradshaw attained 124.4%, Mr. Ellinor attained 118.1% and Mr. Cotter attained 129.1%. The two year average of Net Direct Contribution and Credit Quality performance equates to an annual incentive payment of approximately 200% of target for Mr. Bradshaw, 190.3% of target for Mr. Ellinor and 179.9% of target for Mr. Cotter.
|
(3)
|
Long Term Incentive Compensation. “Long Term Incentive Compensation” is determined as follows:
|
(i)
|
The two year average long term incentive compensation amount for each Comparable Executive Position at each peer bank is calculated based upon such peer banks’ past two proxy statements (the “Peer Bank Long Term Incentive Compensation Amount”).
|
(ii)
|
The Long Term Incentive Compensation awarded to each named executive equals the median of all the Peer Bank Long Term Incentive Compensation Amounts corresponding to such Plan participant’s Comparable Executive Position.
|
(iii)
|
Each named executive will, immediately prior to the date of grant each year, specify the percentage of the Long Term Incentive Compensation that the Plan participant desires to receive by the issuance of options and the percentage the participant desires to receive by the issuance of restricted stock. The elections available to each participant will be (i) 100% options; (ii) 100% restricted stock, or (iii) 50% options and 50% restricted stock. The number of options or shares will be based on the value of each option or performance share and the total Long Term Incentive Compensation intended to be granted.
|
(iv)
|
To the extent a named executive elects to receive all or any portion of his Long Term Incentive Compensation through an issuance of restricted stock, the measure against which such Plan participant’s performance will be based is as follows. To the extent the Company’s earnings per share for the year following the grant of restricted stock does not equal or exceed $1.00 per share (adjusted for stock dividends or distributions, recapitalization, merger, consolidation, exchange of shares, stock splits or the like), the named executive shall forfeit all the restricted stock granted to him the previous year on or before March 15 of the year following that in which the grant occurred. Dividends paid on restricted stock will not be forfeited, even if the restricted stock itself is forfeited. To the extent the Company’s earnings per share for the year following the grant of restricted stock equal or exceed $1.00 per share (adjusted for stock dividends or distributions, recapitalization, merger, consolidation, exchange of shares, stock splits or the like), the Plan participant shall retain all the restricted stock granted to him the previous year.
|
1)
|
True-Up Period compensation for the Peer Group executives is determined and ranked. The “Peer Bank Compensation Ranking” is determined by taking the total base salary, annual bonus and stock–based incentive of each executive at the peer banks during the entire True-Up Period and ranking the peer banks’ comparable executives from highest compensation to lowest compensation (e.g. taking all the CEOs of the peer banks and ranking them from highest compensated CEO to lowest compensated CEO).
|
2)
|
True-Up Period compensation for the Company’s executives is calculated. “Company Compensation” for the CEO and CFO equals total base salary, annual bonus and stock-based incentive awarded during the True-Up Period. “Company Compensation” for other named executives equals total base salary, annual bonus and stock-based incentive awarded to such named executive during the True-Up period minus amounts earned above the target opportunity for his Business Unit Annual Incentive Bonus or plus amounts earned below the Business Unit Annual Incentive Bonus. For more information regarding Business Unit Annual Incentive Bonus see page 30.
|
3)
|
Company earnings per share performance is compared to the peer banks. The “True-Up Performance Measure” consists of two calculations. The first, meant to capture pre and post recession performance, considers the EPS Growth beginning with the average earnings per share for 2006 and 2007 for the Company and each peer bank and ending with the average earnings per share for 2012 and 2013 for the Company and each peer bank existing as of December 31, 2013 (the “Pre and Post Recession Performance”). The second, meant to capture recessionary period performance, calculates growth in cumulative earnings per share for the Company and each peer bank as of December 31, 2011 for 2008 through 2011 over the average of 2006 and 2007 earnings per share for the Company and each peer bank respectively as of December 31, 2011 determined by adding the earnings per share for the Company and each peer bank respectively as of December 31, 2011 for 2008, 2009, 2010 and 2011 and dividing by the earnings per share average for 2006 and 2007 for the Company and each of the peer banks respectively as of December 31, 2011 (the “Recessionary Period Performance”). The Recessionary Period Performance for the Company was 407.8%.
|
4)
|
The Company Performance Percentile Ranking is then applied to the Peer Bank Compensation Ranking for each executive position to determine each of the Company’s named executives’ respective “Peer Bank Comparable Compensation.” If the Peer Bank Comparable Compensation is more than that of the respective named executive, the Committee will award the differential to the named executive (the “Company True-Up Amount”). If the Peer Bank Comparable Compensation is less than the respective Company Executive Compensation, the named executive will compensate the Company for the difference (the “Executive True-Up Amount”).
|
5)
|
Payment under the True-Up Plan is awarded. In the event a named executive is owed a Company True-Up Amount, the Committee shall award the named executive the Company True-Up Amount in cash (“Cash True-Up”) and restricted shares (“Share True-Up”) in proportion to the average cash to stock ratio awarded by the peer banks during the True-Up
|
Plan Category
|
Number of securities to be issued upon exercise of outstanding options, warrants, and rights
|
Weighted-average exercise price of outstanding options, warrants, and rights
|
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in the first column)(1)
|
|||||||||
Equity compensation plans approved by security holders: stock options and restricted shares
|
2,621,347 | $ 47.01 | 4,507,331 | |||||||||
Non-vested common shares
|
503,738 |
Not applicable
|
Not applicable
|
|||||||||
Sub-total
|
3,125,085 | 4,507,331 | ||||||||||
Equity compensation plans not approved by security holders
|
None
|
None
|
None
|
|||||||||
Total
|
3,125,085 | 4,507,331 |
(1)
|
Includes 445,214 shares of common stock which may be awarded pursuant to the BOK Financial Directors Stock Compensation Plan.
|
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
||||||||||||||||||||||||
Name and
Principal Position
|
Year
|
Salary
($)
|
Bonus
($)
|
Stock
Awards
($)(1)
|
Option Award
($)(2)
|
Non-Equity Incentive Plan Compensation
($)(3)
|
Change in Pension Value
&
Nonqualified Deferred Compensation Earnings
($)(4)
|
All Other Compensation
($)(5)
|
Total
($)
|
||||||||||||||||||||||||
Stanley A. Lybarger
President & Chief Executive Officer, BOK Financial and BOKF
|
2011
|
$ | 828,600 | $ | 0 | $ | 828,618 | $ | 1,105,604 | $ | 0 | $ | 103,012 | $ | 41,178 | $ | 2,907,012 | ||||||||||||||||
2010
|
$ | 828,600 | $ | 173 | $ | 1,988,640 | $ | 230,665 | $ | 1,242,900 | $ | 2,342,844 | $ | 29,400 | $ | 6,663,222 | |||||||||||||||||
2009
|
$ | 828,600 | $ | 0 | $ | 1,958,417 | $ | 298,411 | $ | 1,242,900 | $ | 3,431,769 | $ | 29,400 | $ | 7,789,497 | |||||||||||||||||
Steven E. Nell
Executive Vice President, Chief Financial Officer, BOK Financial and BOKF
|
2011
|
$ | 405,001 | $ | 0 | $ | 0 | $ | 572,907 | $ | 0 | $ | 4,712 | $ | 29,400 | $ | 1,012,019 | ||||||||||||||||
2010
|
$ | 402,500 | $ | 147 | $ | 231,260 | $ | 315,008 | $ | 405,000 | $ | 37,528 | $ | 29,400 | $ | 1,420,843 | |||||||||||||||||
2009
|
$ | 388,749 | $ | 0 | $ | 185,009 | $ | 283,770 | $ | 395,000 | $ | 48,813 | $ | 29,400 | $ | 1,330,821 | |||||||||||||||||
Steven G. Bradshaw
Senior Executive Vice President, BOKF
|
2011
|
$ | 455,001 | $ | 0 | $ | 306,216 | $ | 289,361 | $ | 273,000 | $ | -8,352 | $ | 39,946 | $ | 1,355,172 | ||||||||||||||||
2010
|
$ | 452,500 | $ | 147 | $ | 356,876 | $ | 299,427 | $ | 546,000 | $ | 35,975 | $ | 34,170 | $ | 1,725,095 | |||||||||||||||||
2009
|
$ | 440,000 | $ | 0 | $ | 293,752 | $ | 259,626 | $ | 361,529 | $ | 38,194 | $ | 29,400 | $ | 1,422,501 | |||||||||||||||||
Daniel H. Ellinor
Senior Executive Vice President, BOKF
|
2011
|
$ | 455,001 | $ | 0 | $ | 308,688 | $ | 291,432 | $ | 259,772 | $ | -5,165 | $ | 24,748 | $ | 1,334,475 | ||||||||||||||||
2010
|
$ | 452,500 | $ | 147 | $ | 531,263 | $ | 66,982 | $ | 487,948 | $ | 7,382 | $ | 25,854 | $ | 1,572,076 | |||||||||||||||||
2009
|
$ | 442,500 | $ | 0 | $ | 305,030 | $ | 256,903 | $ | 213,600 | $ | 4,897 | $ | 75,060 | $ | 1,297,990 | |||||||||||||||||
Charles E. Cotter
Executive Vice President, Chief Credit Officer(6)
|
2011
|
$ | 357,875 | $ | 0 | $ | 0 | $ | 391,787 | $ | 194,554 | $ | 10,487 | $ | 39,924 | $ | 994,627 |
(1)
|
The amounts in column (e) for 2011 are the dollar amounts of the grant date fair value of shares issued. Amounts reported represent the grant date fair value of non-vested stock awarded. The awards are not subject to performance conditions (as defined in FASB ASC Topic 718). The amounts in column (e) for 2010 and 2009 reflect awards subject to performance conditions (as defined in FASB ASC Topic 718), and are the dollar amounts of the aggregate grant date fair value of stock awards granted during those fiscal years. The grant date fair value for 2010 and 2009 was reported based on the probable outcome of the performance conditions determined as of the grant date. The number of non-vested shares ultimately awarded for 2010 and 2009 may increase or decrease depending on performance conditions. If the highest level of performance
|
(2)
|
The amounts in column (f) for 2011 are the dollar amounts of the grant date fair value of stock options. Amounts reported represent the grant date fair value of non-vested stock options awarded. The awards are not subject to performance conditions (as defined in FASB ASC Topic 718). The amounts in column (f) for 2010 and 2009 reflect awards subject to performance conditions (as defined in FASB ASC Topic 718), and are the dollar amounts of the aggregate grant date fair value of the maximum number of option awards granted during those fiscal years. The number of stock options ultimately awarded for 2010 and 2009 may decrease depending on performance conditions. The Company’s policy regarding the valuation of stock compensation and assumptions used in the calculation of the grant date fair value of stock compensation are included in footnotes 1 and 12 to the Company’s audited consolidated financial statements for the year ended December 31, 2011, which are included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2012.
|
(3)
|
The amounts in column (g) reflect the annual cash awards made pursuant to the Executive Incentive Plan, which is discussed in further detail on page 29 under the heading “Components of Executive Compensation.” Incentive amounts are paid at a targeted percentile of our peer group. At the time this Proxy Statement was sent to print, one member of the peer group had not reported year-end results to the SEC, resulting in two possible outcomes for the peer group list. As a result, the Company was required to estimate the incentive amount for our CEO Mr. Lybarger using our internal analysts’ assumptions about the final composition of the peer group list, as discussed on page 29. The CEO’s annual cash award for 2011 made pursuant to the Executive Incentive Plan will either be $0, with the potential to be $126,970, depending on the final composition of the final peer group list.
|
(4)
|
The amounts in column (h) for 2011 include (i) the actuarial increase in the present value of the named executive officer’s benefits under the Company pension plan using a discount rate of 5.25% and (ii) Nonqualified Deferred Compensation Earnings further described in column (d) of the Nonqualified Deferred Compensation Table on page 52.
|
(5)
|
The amounts in column (i) for 2011 are derived from Company matching contributions to the 401(k) Thrift Plan as follows: Lybarger $29,400; Nell, $29,400; Bradshaw, $29,400; Ellinor, $14,700; and Cotter, $29,400. Amounts also include: trip earnings (personal portion of a trip such as an accompanying spouse or a free day) as follows: Lybarger $11,778; Bradshaw $10,546; Ellinor $10,048; and Cotter $10,524.
|
(6)
|
Mr. Cotter was not a named executive officer in 2010 or 2009.
|
Option Awards
|
Stock Awards
|
|||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
||||||||||||
Name
|
Number of Shares Acquired
on Exercise
(#)
|
Value Realized
on Exercise
($)
|
Number of Shares Acquired
on Vesting
(#)
|
Value Realized
on Vesting
($)
|
||||||||||||
Stanley A. Lybarger
|
8,645 | (1) | $ | 457,177 | (1) | 18,302 | (1) | $ | 1,005,329 | (1) | ||||||
Steven E. Nell
|
2,916 | $ | 226,360 | 0 | $ | 0 | ||||||||||
Steven G. Bradshaw
|
3,688 | $ | 302,406 | 3,429 | $ | 276,792 | ||||||||||
Daniel H. Ellinor
|
15,646 | $ | 84,955 | 3,616 | $ | 291,953 | ||||||||||
Charles E. Cotter
|
1,605 | $ | 125,304 | 0 | $ | 0 |
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards
|
Estimated Future Payouts Under Equity Incentive Plan Awards
|
||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
(k)
|
(l)
|
||||||||||||||||||
EMPLOYEE NAME
|
Grant Date
(m/dd/yy)
|
Threshold ($)
|
Target ($)
|
Maximum ($)
|
Threshold (#)
|
Target (#)
|
Maximum (#)
|
All Other Stock Awards: Number of Shares of Stock or Units (#)
|
All Other Option Awards: Number of Securities Under-lying Options (#)
|
Exercise or Base Price of Option Award ($/sh)(4)
|
Grant Date Fair Value of Stock and Option Awards
($)(5)
|
||||||||||||||||||
Stanley A. Lybarger(1)(7)
|
1/14/2011 (3)
|
92,752 | $ | 55.94 | $ | 1,105,604 | |||||||||||||||||||||||
Steven E. Nell(1)(7)
|
1/14/2011 (3)
|
36,031 | $ | 55.94 | $ | 429,489 | |||||||||||||||||||||||
Steven G. Bradshaw(1)(7)
|
$ | 0 | $ | 136,500 | $ | 273,000 | |||||||||||||||||||||||
1/14/2011 (3)
|
17,300 | $ | 55.94 | $ | 206,216 | ||||||||||||||||||||||||
1/14/2011 (4)
|
3,686 | $ | 206,195 | ||||||||||||||||||||||||||
Daniel H. Ellinor(1)(7)
|
$ | 0 | $ | 136,500 | $ | 273,000 | |||||||||||||||||||||||
1/14/2011 (3)
|
17,300 | $ | 55.94 | $ | 206,216 | ||||||||||||||||||||||||
1/14/2011 (4)
|
3,686 | $ | 206,195 | ||||||||||||||||||||||||||
Charles E. Cotter(1)(7)
|
$ | 0 | $ | 108,150 | $ | 216,300 | |||||||||||||||||||||||
1/14/2011 (3)
|
22,406 | $ | 55.94 | $ | 267,080 |
(1)
|
Under the terms of the Executive Incentive Plan (“EIP”), for fiscal year 2011 Mr. Lybarger and Mr. Nell received 100% of their annual incentive based upon earnings per share growth and peer executive annual incentive comparison (“EPS Peer Comparison”). An EPS Peer Comparison calculation does not provide for threshold, target or maximum amounts. For a further description of the calculation of annual incentive for Mr. Lybarger and Mr. Nell under the EIP see page 30. Annual incentive cash awards paid to Mr. Lybarger and Mr. Nell are described in column (g) of the “Summary Compensation Table” on page 38 herein and in its accompanying footnote.
|
(2)
|
Unlike Mr. Lybarger and Mr. Nell who receive 100% of their annual incentive based upon EPS Peer Comparison, Mr. Bradshaw, Mr. Ellinor and Mr. Cotter receive a portion of their annual incentive in the form of a Business Unit Annual Incentive Bonus (see page 30 for a further description of Business Unit Annual Incentive Bonus). Mr. Bradshaw and Mr. Ellinor receive 50% of their annual incentive as Business Unit Annual Incentive Bonus and 50% from EPS Peer Comparison. Mr. Cotter receives 60% of his annual incentive as a Business Unit Annual Incentive Bonus and 40% from EPS Peer Comparison. The annual incentive targets for the Business Unit Annual Incentive Bonus for Mr. Bradshaw, Mr. Ellinor and Mr. Cotter were established by the Independent Compensation Committee on February 22, 2011 for service performed in 2011. Business Unit Annual Incentive Bonuses were finalized and approved by the Independent Compensation Committee on February 28, 2011.
|
(3)
|
Represents stock options granted as long-term incentive pursuant to the Executive Incentive Plan. The long-term incentive awards are based upon EPS Peer Comparison. An EPS Peer Comparison calculation does not provide for threshold, target or maximum amounts. The awards relate to services performed in 2010. The stock options vest 1/7 each year in accordance with the BOK Financial 2009 Omnibus Incentive Plan and terminate three years after vesting.
|
(4)
|
Represents performance shares granted as long-term incentive pursuant to the Executive Incentive plan. The long-term incentive awards are based upon EPS Peer Comparison. An EPS Peer Comparison calculation does not provide for threshold, target or maximum amounts. The awards relate to services performed in 2010. Performance shares vest on the fifth anniversary of the last day of the year for which the performance shares were issued. The performance shares may not be sold for three years unless certain stock ownership guidelines are met as further described in “Compensation Discussion and Analysis” on page 24 herein. To the extent the Company’s earnings per share for the year following the grant of restricted stock does not equal or exceed $1.00 per share (adjusted for stock dividends or distributions, recapitalization, merger, consolidation, exchange of shares, stock splits or the like), the Plan participant forfeits all the restricted stock granted to him the previous year on or before March 15 of the year following that in which the grant occurred.
|
(5)
|
The exercise price for all stock option awards is the fair market value of BOK Financial common stock on the date the award is granted. For further discussion of the Company’s Stock Option Grant Policy see page 36 herein.
|
(6)
|
Amounts reported in column (l) represent the grant-date fair value of non-vested stock and stock options awarded. The Company’s policy regarding the valuation of stock compensation is included in footnote 1 and assumptions used in the calculation of the grant-date fair value of stock compensation is included in footnote 12 to the Company’s audited consolidated financial statements for the year ended December 31, 2011which was included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2012.
|
(7)
|
The total annual incentive for each of the named executives cannot exceed $2,000,000, per the terms of the Executive Incentive Plan. The named executives may in the future be entitled to payments under the Company’s 2011True-Up Plan, as further described in the “Compensation Discussion and Analysis” on pages 32 and 33 herein.
|
Option Awards
|
Stock Awards
|
||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
||||||||||||||||||||||||
Stanley A. Lybarger
|
6,462 | -- | -- | $ | 30.50 |
3/24/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
8,807 | -- | -- | $ | 37.74 |
1/6/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
8,807 | -- | -- | $ | 37.74 |
1/6/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
21,618 | -- | -- | $ | 47.34 |
1/6/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
21,619 | -- | -- | $ | 47.34 |
1/6/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 21,619 | -- | $ | 47.34 |
1/6/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
11,195 | -- | -- | $ | 47.05 |
1/5/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
11,195 | -- | -- | $ | 47.05 |
1/5/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 11,195 | -- | $ | 47.05 |
1/5/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 11,195 | -- | $ | 47.05 |
1/5/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
9,974 | -- | -- | $ | 54.33 |
1/11/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
9,975 | -- | -- | $ | 54.33 |
1/11/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 9,975 | -- | $ | 54.33 |
1/11/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 9,975 | -- | $ | 54.33 |
1/11/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 9,975 | -- | $ | 54.33 |
1/11/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
8,039 | * | -- | -- | $ | 47.67 |
2/7/2012
|
-- | -- | -- | -- | ||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 13,250 | -- | $ | 55.94 |
1/13/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 13,250 | -- | $ | 55.94 |
1/13/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 13,250 | -- | $ | 55.94 |
1/13/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 13,250 | -- | $ | 55.94 |
1/13/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 13,250 | -- | $ | 55.94 |
1/13/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 13,250 | -- | $ | 55.94 |
1/13/2020
|
-- | -- | -- | -- |
Option Awards
|
Stock Awards
|
|||||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
|||||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
|||||||||||||||||||||||||||
Stanley A. Lybarger
|
-- | 13,250 | -- | $ | 55.94 |
1/13/2021
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Stanley A. Lybarger
|
-- | -- | -- | -- | -- | 51,296 | $ | 2,817,689 | -- | -- | ||||||||||||||||||||||||||
Stanley A. Lybarger
|
-- | -- | -- | -- | -- | -- | -- | 45,217 | $ | 2,483,770 | ||||||||||||||||||||||||||
Stanley A. Lybarger
|
-- | -- | -- | -- | -- | -- | -- | 34,310 | $ | 1,884,648 | ||||||||||||||||||||||||||
Steven E. Nell
|
1,819 | -- | -- | $ | 30.87 |
1/2/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
1,849 | -- | -- | $ | 37.74 |
1/6/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
1,850 | -- | -- | $ | 37.74 |
1/6/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
4,874 | -- | -- | $ | 47.34 |
1/6/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
4,874 | -- | -- | $ | 47.34 |
1/6/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 4,875 | -- | $ | 47.34 |
1/6/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
5,389 | -- | -- | $ | 47.05 |
1/5/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
5,390 | -- | -- | $ | 47.05 |
1/5/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 5,389 | -- | $ | 47.05 |
1/5/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 5,390 | -- | $ | 47.05 |
1/5/2016
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
4,740 | -- | -- | $ | 54.33 |
1/11/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
4,740 | -- | -- | $ | 54.33 |
1/11/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 4,740 | -- | $ | 54.33 |
1/11/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 4,740 | -- | $ | 54.33 |
1/11/2016
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 4,741 | -- | $ | 54.33 |
1/12/2017
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
6,202 | -- | -- | $ | 48.46 |
1/10/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
6,202 | -- | -- | $ | 48.46 |
1/10/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 6,201 | -- | $ | 48.46 |
1/10/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 6,202 | -- | $ | 48.46 |
1/10/2016
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 6,202 | -- | $ | 48.46 |
1/10/2017
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven E. Nell
|
-- | 6,202 | -- | $ | 48.46 |
1/10/2018
|
-- | -- | -- | -- |
Option Awards
|
Stock Awards
|
||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
||||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 4,112 | $ | 36.65 |
1/8/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 4,112 | $ | 36.65 |
1/8/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 4,112 | $ | 36.65 |
1/8/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 4,113 | $ | 36.65 |
1/8/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 4,112 | $ | 36.65 |
1/8/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 4,112 | $ | 36.65 |
1/8/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 4,113 | $ | 36.65 |
1/8/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 2,886 | $ | 48.30 |
1/14/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
2,885 | $ | 48.30 |
1/14/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 2,885 | $ | 48.30 |
1/14/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 2,885 | $ | 48.30 |
1/14/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 2,885 | $ | 48.30 |
1/14/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 2,885 | $ | 48.30 |
1/14/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | 2,885 | $ | 48.30 |
1/14/2020
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | 5,148 | -- | $ | 55.94 |
1/13/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | 5,147 | -- | $ | 55.94 |
1/13/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | 5,147 | -- | $ | 55.94 |
1/13/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | 5,147 | -- | $ | 55.94 |
1/13/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | 5,147 | -- | $ | 55.94 |
1/13/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | 5,147 | -- | $ | 55.94 |
1/13/2020
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | 5,148 | -- | $ | 55.94 |
1/13/2021
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | -- | -- |
--
|
-- | -- | 5,048 | $ | 277,287 | |||||||||||||||||||||||
Steven E. Nell
|
-- | -- | -- | -- |
--
|
-- | -- | 4,788 | $ | 263,005 | |||||||||||||||||||||||
Steven G. Bradshaw
|
2,577 | -- | -- | $ | 30.87 |
1/2/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
2,466 | -- | -- | $ | 37.74 |
1/6/2013
|
-- | -- | -- | -- |
Option Awards
|
Stock Awards
|
||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
||||||||||||||||||||||||
Steven G. Bradshaw
|
2,466 | -- | -- | $ | 37.74 |
1/6/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
2,729 | -- | -- | $ | 47.34 |
1/6/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
2,730 | -- | -- | $ | 47.34 |
1/6/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,731 | -- | $ | 47.34 |
1/6/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
3,020 | -- | -- | $ | 47.05 |
1/5/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
3,020 | -- | -- | $ | 47.05 |
1/5/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 3,020 | -- | $ | 47.05 |
1/5/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 3,021 | -- | $ | 47.05 |
1/5/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
2,746 | -- | -- | $ | 54.33 |
1/11/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
2,746 | -- | -- | $ | 54.33 |
1/11/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,746 | -- | $ | 54.33 |
1/11/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,746 | -- | $ | 54.33 |
1/11/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,747 | -- | $ | 54.33 |
1/11/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
3,595 | -- | -- | $ | 48.46 |
1/10/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
3,596 | -- | -- | $ | 48.46 |
1/10/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 3,595 | -- | $ | 48.46 |
1/10/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 3,595 | -- | $ | 48.46 |
1/10/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 3,595 | -- | $ | 48.46 |
1/10/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 3,596 | -- | $ | 48.46 |
1/10/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 4,724 | $ | 36.65 |
1/8/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 4,724 | $ | 36.65 |
1/8/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 4,723 | $ | 36.65 |
1/8/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 4,723 | $ | 36.65 |
1/8/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 4,724 | $ | 36.65 |
1/8/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 4,723 | $ | 36.65 |
1/8/2018
|
-- | -- | -- | -- |
Option Awards
|
Stock Awards
|
|||||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
|||||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
|||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 4,724 | $ | 36.65 |
1/8/2019
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 3,314 | $ | 48.30 |
1/14/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 3,314 | $ | 48.30 |
1/14/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 3,314 | $ | 48.30 |
1/14/2016
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 3,314 | $ | 48.30 |
1/14/2017
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 3,314 | $ | 48.30 |
1/14/2018
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 3,314 | $ | 48.30 |
1/14/2019
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | 3,314 | $ | 48.30 |
1/14/2020
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,472 | -- | $ | 55.94 |
1/13/2016
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2017
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,472 | -- | $ | 55.94 |
1/13/2018
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2019
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2020
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | 2,472 | -- | $ | 55.94 |
1/13/2021
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | -- | -- | -- | 6,191 | $ | 341,071 | -- | -- | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | -- | -- | -- | -- | -- | 5,798 | $ | 318,484 | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | -- | -- | -- | -- | -- | 5,499 | $ | 302,060 | ||||||||||||||||||||||||||
Steven G. Bradshaw
|
-- | -- | -- | -- | -- | 3,686 | $ | 202,472 | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
2,642 | -- | -- | $ | 37.74 |
1/6/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
2,643 | -- | -- | $ | 37.74 |
1/6/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
3,168 | -- | -- | $ | 47.34 |
1/6/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
3,168 | -- | -- | $ | 47.34 |
1/6/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 3,169 | -- | $ | 47.34 |
1/6/2015
|
-- | -- | -- | -- |
Option Awards
|
Stock Awards
|
||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
||||||||||||||||||||||||
Daniel H. Ellinor
|
3,253 | -- | -- | $ | 47.05 |
1/5/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
3,252 | -- | -- | $ | 47.05 |
1/5/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 3,252 | -- | $ | 47.05 |
1/5/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 3,253 | -- | $ | 47.05 |
1/5/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
2,896 | -- | -- | $ | 54.33 |
1/11/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
2,896 | -- | -- | $ | 54.33 |
1/11/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,897 | -- | $ | 54.33 |
1/11/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,896 | -- | $ | 54.33 |
1/11/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,898 | -- | $ | 54.33 |
1/11/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
3,685 | -- | -- | $ | 48.46 |
1/10/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
3,685 | -- | -- | $ | 48.46 |
1/10/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 3,685 | -- | $ | 48.46 |
1/10/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 3,685 | -- | $ | 48.46 |
1/10/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 3,685 | -- | $ | 48.46 |
1/10/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 3,686 | -- | $ | 48.46 |
1/10/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | 4,835 | $ | 36.65 |
1/8/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 4,835 | $ | 36.65 |
1/8/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | 4,835 | $ | 36.65 |
1/8/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | 4,834 | $ | 36.65 |
1/8/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | 4,835 | $ | 36.65 |
1/8/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | 4,834 | $ | 36.65 |
1/8/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | 4,835 | $ | 36.65 |
1/8/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,472 | -- | $ | 55.94 |
1/13/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2017
|
-- | -- | -- | -- |
Option Awards
|
Stock Awards
|
|||||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
|||||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
|||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,472 | -- | $ | 55.94 |
1/13/2018
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2019
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,471 | -- | $ | 55.94 |
1/13/2020
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | 2,472 | -- | $ | 55.94 |
1/13/2021
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | -- | -- | -- | 6,345 | $ | 348,531 | -- | -- | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | -- | -- | -- | -- | -- | 5,935 | $ | 326,010 | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | -- | -- | -- | -- | -- | 9,006 | $ | 494,699 | ||||||||||||||||||||||||||
Daniel H. Ellinor
|
-- | -- | -- | -- | -- | 3,686 | $ | 202,472 | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
607 | -- | -- | $ | 30.87 |
1/02/13
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
736 | -- | -- | $ | 37.74 |
1/6/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
736 | -- | -- | $ | 37.74 |
1/6/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
2,047 | -- | -- | $ | 47.34 |
1/6/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
2,047 | -- | -- | $ | 47.34 |
1/6/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
-- | 2,048 | -- | $ | 47.34 |
1/6/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
2,676 | -- | -- | $ | 47.05 |
1/5/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
2,676 | -- | -- | $ | 47.05 |
1/5/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
-- | 2,676 | -- | $ | 47.05 |
1/5/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
-- | 2,677 | -- | $ | 47.05 |
1/5/2016
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
3,762 | -- | -- | $ | 54.33 |
1/11/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
3,762 | -- | -- | $ | 54.33 |
1/11/2014
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
-- | 3,762 | -- | $ | 54.33 |
1/11/2015
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
-- | 3,762 | -- | $ | 54.33 |
1/11/2016
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
-- | 3,762 | -- | $ | 54.33 |
1/11/2017
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
5,393 | -- | -- | $ | 48.46 |
1/10/2013
|
-- | -- | -- | -- | ||||||||||||||||||||||||||
Charles E. Cotter
|
5,393 | -- | -- | $ | 48.46 |
1/10/2014
|
-- | -- | -- | -- |
Option Awards
|
Stock Awards
|
||||||||||||||||||||||||||||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
(g)
|
(h)
|
(i)
|
(j)
|
||||||||||||||||||||||||
Name
|
Number of Securities Underlying Unexercised Options
Exercisable
(#)(1)
|
Number of Securities Underlying Unexercised Options
Unexercisable
(#)(1)
|
Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options
(#)(2)
|
Option Exercise Price
($)
|
Option Expiration Date
(m/dd/yy)
|
Number of Shares or Units of Stock That Have Not Vested
(#)(3)
|
Market Value of Shares or Units of Stock That Have Not Vested
($)(4)
|
Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested
($)(5)
|
Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested
($)(4)
|
||||||||||||||||||||||||
Charles E. Cotter
|
-- | 5,393 | -- | $ | 48.46 |
1/10/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | 5,393 | -- | $ | 48.46 |
1/10/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | 5,393 | -- | $ | 48.46 |
1/10/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | 5,393 | -- | $ | 48.46 |
1/10/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 7,224 | $ | 36.65 |
1/8/2013
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 7,224 | $ | 36.65 |
1/8/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 7,224 | $ | 36.65 |
1/8/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 7,224 | $ | 36.65 |
1/8/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 7,224 | $ | 36.65 |
1/8/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 7,224 | $ | 36.65 |
1/8/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 7,224 | $ | 36.65 |
1/8/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 6,083 | $ | 48.30 |
1/14/2014
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 6,083 | $ | 48.30 |
1/14/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 6,082 | $ | 48.30 |
1/14/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 6,082 | $ | 48.30 |
1/14/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 6,082 | $ | 48.30 |
1/14/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 6,082 | $ | 48.30 |
1/14/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
-- | -- | 6,082 | $ | 48.30 |
1/14/2020
|
-- | -- | -- | -- | |||||||||||||||||||||||
Charles E. Cotter
|
3,201 | $ | 55.94 |
1/13/2015
|
-- | -- | -- | -- | |||||||||||||||||||||||||
Charles E. Cotter
|
3,201 | $ | 55.94 |
1/13/2016
|
-- | -- | -- | -- | |||||||||||||||||||||||||
Charles E. Cotter
|
3,201 | $ | 55.94 |
1/13/2017
|
-- | -- | -- | -- | |||||||||||||||||||||||||
Charles E. Cotter
|
3,200 | $ | 55.94 |
1/13/2018
|
-- | -- | -- | -- | |||||||||||||||||||||||||
Charles E. Cotter
|
3,201 | $ | 55.94 |
1/13/2019
|
-- | -- | -- | -- | |||||||||||||||||||||||||
Charles E. Cotter
|
3,201 | $ | 55.94 |
1/13/2020
|
-- | -- | -- | -- | |||||||||||||||||||||||||
Charles E. Cotter
|
3,201 | $ | 55.94 |
1/13/2021
|
-- | -- | -- | -- |
(1)
|
Columns (b) and (c) represent stock options which vest 1/7 each year in accordance with the BOK Financial 2003 Stock Option Plan (as amended) and the BOK Financial 2009 Omnibus Incentive Plan and terminate three years after vesting, except those grants identified with an “*” which represent stock options awarded pursuant to the BOK Financial 2001 Stock Option Plan. In 2001, BOK Financial adopted a plan to extend the life of stock options granted in 1997, 1998 and 1999 by two years. Each year, on the day that one-seventh of the 1997, 1998 and 1999 options expire, new stock options are granted in the same number (the “Special Options”). The exercise price for the Special Options is the market value of BOK financial common stock on NASDAQ on the day of grant. The Special Options vest two years after the grant date and expire 45 days after vesting.
|
(2)
|
Column (d) represents stock options granted as long-term incentive pursuant to the Executive Incentive Plan, the amount of which remains subject to adjustment based on EPS Growth over a three year performance period as further described in “Compensation Discussion and Analysis” on page 24 herein.
|
(3)
|
Column (g) represents performance shares which are no longer subject to adjustment based upon the three year performance period, but which have not yet completed the five year vesting period. Performance shares vest on the fifth anniversary of the last day of the year for which the performance shares were issued. The performance shares may not be sold for three years unless certain stock ownership guidelines are met as described in “Compensation Discussion and Analysis” on page 24.
|
(4)
|
Market value of performance shares is based on the fair market value of Company common stock on December 31, 2011.
|
(5)
|
Column (i) represents performance shares granted as long-term incentive pursuant to the Executive Incentive Plan the amount of which remain subject to adjustment based on EPS Growth over a three year performance period as further described in “Compensation Discussion and Analysis” on page 24 herein. Performance shares vest on the fifth anniversary of the last day of the year for which the performance shares were issued. The performance shares may not be sold for three years unless certain stock ownership guidelines are met as described in “Compensation Discussion and Analysis.”
|
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
|||||||||
Name
|
Plan Name
|
Number of Years Credited Service (1)
|
Present Value of Accumulated Benefit (2)
|
Payments During Last Fiscal Year
|
|||||||||
Stanley A. Lybarger
|
BOKF Pension Plan
|
32 | $ | 515,936 | 0 | ||||||||
Steven E. Nell
|
BOKF Pension Plan
|
14 | $ | 112,782 | 0 | ||||||||
Steven G. Bradshaw
|
BOKF Pension Plan
|
15 | $ | 145,026 | 0 | ||||||||
Daniel H. Ellinor
|
BOKF Pension Plan
|
2 | $ | 22,990 | 0 | ||||||||
Charles E. Cotter
|
BOKF Pension Plan
|
15 | $ | 205,478 | 0 |
(1)
|
Named executives are credited with the number of years employed by the Company since the Pension Plan’s inception in 1987 (through December 31, 2005 when the number of years of credited service was frozen), with the exception of Mr. Lybarger, whose credited service includes employment before the inception of the Pension Plan.
|
(2)
|
The calculation of present value of accumulated benefits assumes a discount rate of 5.25% of the projected account balance at age 65.
|
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
(f)
|
|||||||||||||||
Name(1)
|
Executive Contributions
in Last FY
($)
|
Registrant Contributions in Last FY
($)
|
Aggregate Earnings in
Last FY(2)
($)
|
Aggregate Withdrawals/
Distributions
($)
|
Aggregate Balance at
Last FYE
($)
|
|||||||||||||||
Stanley A. Lybarger
|
$ | 1,462,604 | -- | $ | 76,680 | (3) | -- | $ | 23,839,466 | |||||||||||
Steven E. Nell
|
-- | -- | $ | (1,044 | )(4)(5) | -- | $ | 268,967 | ||||||||||||
Daniel H. Ellinor
|
-- | -- | $ | (6,338 | )(4) | -- | $ | 57,045 | ||||||||||||
Steven G. Bradshaw
|
-- | -- | $ | (15,754 | )(4)(5) | -- | $ | 232,962 |
(1)
|
Mr. Cotter is a named executive but is not listed as he elected not to have a deferral account.
|
(2)
|
For all four named executives listed, earnings include gains or losses reported on investments in distressed asset and venture capital funds.
|
(3)
|
For Mr. Lybarger, earnings on a hypothetical portfolio of assets indexed to various debt and equity funds.
|
(4)
|
For Messrs. Nell, Ellinor, and Bradshaw, earnings include interest earned on uninvested cash accrued at BOKF’s money market deposit rates.
|
(5)
|
For Messrs. Nell and Bradshaw, earnings include dividends paid and changes in fair value of BOK Financial common stock.
|
Executive Payments Upon Termination (1)
|
Voluntary Termination
|
Early Retirement (Prior to Age 65(2))
|
Normal Retirement (Age 65 or older(2))
|
Involuntary not for Cause Termination (3)
|
Involuntary for
Cause
Termination (3)
|
Termination Event(4)
|
Death
|
Disability
|
||||||||||||||||||||||||
Severance Payments
|
$ | 0 | $ | 0 | $ | 0 | $ | 898,600 | (5) | $ | 0 | $ | 898,600 | (5) | $ | 484,300 | (6) | $ | 0 | |||||||||||||
Non-Equity Incentive
|
$ | 621,450 | (7) | $ | 621,450 | (7) | $ | 621,450 | (7) | $ | 621,450 | (7) | $ | 0 | $ | 621,450 | (7) | $ | 621,450 | (7) | $ | 621,450 | (7) | |||||||||
Stock Options
(unvested and accelerated)
|
$ | 358,484 | (8) | $ | 358,484 | (8) | $ | 358,484 | (8) | $ | 358,484 | (8) | $ | 0 | $ | 358,484 | (8) | $ | 358,484 | (8) | $ | 358,484 | (8) | |||||||||
Performance Shares
(unvested and accelerated)
|
$ | 7,186,107 | (8,9) | $ | 7,186,107 | (8,9) | $ | 7,186,107 | (8,9) | $ | 7,186,107 | (8,9) | $ | 0 | $ | 7,186,107 | (8,9) | $ | 7,186,107 | (8) | $ | 7,186,107 | (8) | |||||||||
Tax Gross-Up
|
$ | 0 | $ | 0 | $ | 0 | $ | 50,585 | (10) | $ | 0 | $ | 50,585 | (10) | $ | 50,585 | (10) | $ | 0 | |||||||||||||
Health Benefits
|
$ | 0 | $ | 9,058 | (11) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
(1)
|
Executive Payments upon Termination does not include payments of deferred compensation which are described on page 53 herein. The table assumes that the CEO has been paid all amounts owed through the date of termination. CEO has agreed that for two years following termination for any reason other than termination without cause, CEO will not (i) engage in the banking business generally, or in any business in which BOKF or its affiliates is engaged, in specified trade areas, (ii) solicit clients of BOKF or its affiliates for banking business generally, or for any business in which BOKF or its affiliates is engaged, or (iii) solicit any employees of BOKF or its affiliates to seek employment with any person or entity other than BOKF or its affiliates.
|
(2)
|
Assumes the closing price of BOK Financial common stock of $54.93 (as reported on NASDAQ as of December 31, 2011) and salary, stock option, performance share and benefit information as of December 31, 2011.
|
(3)
|
BOK Financial shall be deemed to have cause to terminate CEO if one or more of the following events occur: (i) any willful failure to substantially perform CEO’s obligations under his agreement, (ii) any willful act materially injurious to BOKF or (iii) any dishonest or fraudulent act.
|
(4)
|
Pursuant to the CEO’s employment agreement dated June 7, 1991 (as amended and restated), a “Termination Event” gives the CEO the right to terminate his employment agreement and includes (i) a Change in Control, (ii) a reduction in annual salary other than as provided for in the agreement, (iii) change in duties which causes CEO’s position with BOKF to become of less importance or responsibility or (iv) a material breach of the agreement by BOKF. A “Change in Control” occurs when either (i) Mr. George Kaiser (together with affiliated entities and family members and relatives) ceases either to be the largest shareholder of BOK Financial or BOKF (considering indirect ownership through BOK Financial) or (ii) Mr. Kaiser ceases to be Chairman of BOKF unless CEO becomes Chairman of BOKF.
|
(5)
|
Equals twelve months annual salary and a one-time payment of $70,000.
|
(6)
|
Equals six months annual salary and a one-time payment of $70,000.
|
(7)
|
Equals 75% of the CEO’s annual salary which has been the historical target of annual incentive compensation under the Executive Incentive Plan as further described on page 29 herein. Payment of Non-Equity Incentives will be calculated in accordance with the Executive Incentive Plan (subject to pro-ration from the first day of such plan year (or other plan period) through the date of termination and contingent on achievement of performance goals) and made in cash on a date as soon as administratively possible within the 45 day period after the first day of the year next following the year of separation from service, other than in the event of death or disability, in which case payments will be made within 45 days of death or disability.
|
(8)
|
Assumes certain conditions including (i) CEO’s continued employment though, at a minimum, December 15, 2012, (ii) the continued agreement between the CEO and the Chairman of the Board that a candidate qualified to become CEO has been recruited (and, in the event of a dispute, a determination by the Board of Directors), and (iii) that BOK Financial has maintained satisfactory performance through the date of the CEO’s termination giving due consideration to the performance of the United States economy in general and peer group financial institutions in the United States in particular. The options expire no later than 185 days following CEO’s termination date.
|
(9)
|
The performance shares shall, following the CEO’s termination date, be subject to increase or forfeiture and shall be paid at the time and in the manner provided in the applicable BOK Financial restricted or performance share plan, subject to pro-ration from the first day of such plan year (or other plan period) through the date of termination; provided, however, that shares shall vest upon the achievement of the performance goals.
|
(10)
|
Tax gross-up on the one-time payment of $70,000 noted in footnotes 5 and 6 is calculated at the highest incremental rate actually experienced by the CEO.
|
(11)
|
In the event the CEO terminates employment after December 15, 2013, but before age 65, CEO shall be permitted to continue as a part-time employee, consultant, director with special duties or in some other capacity to the extent reasonably required to permit CEO to continue to participate in the Company’s health benefits so long as CEO continues to owe a duty of loyalty to the Company and has not reached the age of 65. $9,058 is the estimated annual heath care benefit cost to the Company.
|
(1)
|
Executive Payments upon Termination does not include payments of deferred compensation which are described on page 52 herein, if applicable. The narrative assumes (i) that the executive has been paid all amounts owed through the date of termination, (ii) the closing price of BOK Financial common stock of $54.93 (as reported on NASDAQ as of December 31, 2011); and (iii) and salary, stock option, performance share and benefit information as of December 31, 2011. Except as expressly provided herein or amounts owed up through the date of termination, Executive does not receive any additional payments in the event of voluntary termination, early retirement (prior to age 65), retirement (age 65 or older), involuntary for cause termination, change in control, or upon death or upon disability.
|
(2)
|
For purposes of this discussion, termination of executive for cause would generally be termination for (i) failure to substantially perform his duties, (ii) committing any act which is intended to injure BOK Financial or its affiliates, (iii) conviction of any criminal act or act involving moral turpitude, (iv) committing any dishonest or fraudulent act which is material to BOKF or its affiliates, including reputation or (v) refusing to obey orders of the CEO unless such instructions would require executive to commit an illegal act, could subject executive to personal liability, would require executive to violate the terms of his agreement or are inconsistent with recognized ethical standards or inconsistent with the duties of an officer of the bank.
|
(3)
|
“Change of Control” occurs if Mr. George Kaiser, and/or members of the family of Mr. Kaiser collectively cease to own more shares of the voting capital stock of BOKF than any other shareholder (or group of shareholders acting in concert to control BOKF to the exclusion of Mr. Kaiser, affiliates of Mr. Kaiser or members of the family of Mr. Kaiser); or BOK Financial ceases to own directly or indirectly more than 50% of the voting capital stock of BOKF.
|
(4)
|
While BOK Financial no longer contributes to the pension plan, the hypothetical account balance increases at 5.25% annually and the executive may receive this interest for the identified period.
|
|
:
|
INTERNET – www.eproxy.com/bokf
|
|
Use the Internet to vote your proxy until 12:00 p.m. (CT) on April 23, 2012.
|
|
(
|
PHONE – 1-800-560-1965
|
|
Use a touch-tone telephone to vote your proxy until 12:00 p.m. (CT) on April 23, 2012.
|
|
*
|
MAIL – Mark, sign and date your proxy card and return it in the postage-paid envelope provided.
|
|
2. Ratification of the selection of Ernst & Young LLP as the Company’s independent auditor for the fiscal year ending December 31, 2012; and
|
|
• Please have this Notice and the last four digits of your Social Security Number or Tax Identification Number
|
|
available. Follow the instructions to vote your proxy.
|
:
|
Internet – Access the Internet and go to www.ematerials.com/bokf. Follow the instructions to log in, and order copies.
|
(
|
Telephone – Call us free of charge at 866-697-9377 in the U.S. or Canada, using a touch-tone phone,
|
|
and follow the instructions to log in and order copies.
|
*
|
Email – Send us an email at ep@ematerials.com with “BOKF Materials Request” in the subject line.
|
|
The email must include:
|
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The 3-digit company # and the 11-digit control # located in the box in the upper right hand corner on the
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front of this notice.
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Your preference to receive printed materials via mail -or- to receive an email with links to the electronic materials.
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If you choose email delivery you must include the email address.
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If you would like this election to apply to delivery of material for all future meetings, write the word “Permanent” and include the last 4 digits of your Tax ID number in the email.
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747:2
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