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DEF 14A
GRAHAM HOLDINGS CO filed this Form DEF 14A on 03/31/1994
Entire Document
 
<PAGE>
                AGGREGATED OPTION EXERCISES IN LAST FISCAL YEAR
                            AND FY-END OPTION VALUES
- --------------------------------------------------------------------------------
 


<TABLE><CAPTION>

                                                                                                VALUE OF
                                                                          NUMBER OF           UNEXERCISED
                                                                         UNEXERCISED          IN-THE-MONEY
                                                                          OPTIONS AT           OPTIONS AT
                                                                       FISCAL YEAR-END      FISCAL YEAR-END
                                            SHARES                           (#)                  ($)
                                          ACQUIRED ON       VALUE        EXERCISABLE/         EXERCISABLE/
                 NAME                     EXERCISE(#)    REALIZED($)    UNEXERCISABLE        UNEXERCISABLE
- --------------------------------------  ---------------  -----------  ------------------  --------------------
<S>                                     <C>              <C>          <C>                 <C>
Donald E. Graham......................        --             --               --                   --
Alan G. Spoon.........................        --             --       13,000/55,000(1)    $446,255/$166,565
Howard E. Wall........................           500      $  59,875   3,500/0             $111,876/$0
Richard M. Smith......................        --             --       6,000/1,000         $223,533/$33,313
G. William Ryan.......................        --             --       5,500/1,500         $126,408/$43,594
</TABLE>


 
- ---------------
 
     (1) Of Mr. Spoon's unexercised options, one option is for 50,000 shares of
Class B Stock at a price of $318.50 (compared to a mean market price of
$178.1875 on December 19, 1991, the date on which the option was granted), which
does not become exercisable until June 30, 1999.
 

            LONG-TERM INCENTIVE PLAN--AWARDS IN LAST FISCAL YEAR(1)
- --------------------------------------------------------------------------------

 


<TABLE><CAPTION>

 
                                                       PERFORMANCE
                                                          OR OTHER
                                                           PERIOD
                                                           UNTIL           ESTIMATED FUTURE PAYOUTS UNDER
                                            NUMBER     MATURATION OR       NON-STOCK PRICE-BASED PLANS(2)
     NAME                                  OF UNITS        PAYOUT       THRESHOLD     TARGET        MAXIMUM
- ----------------------------------------  -----------  --------------  -----------  -----------  -------------
<S>                                       <C>          <C>             <C>          <C>          <C>
Donald E. Graham........................       5,928        12/29/96   $   148,200  $   592,800  $   1,025,544
Alan G. Spoon...........................       4,890        12/29/96       122,250      489,000        845,970
Howard E. Wall..........................       4,044        12/29/96       202,200      404,400        707,700
Richard M. Smith........................       4,044        12/29/96       202,200      404,400        606,600
G. William Ryan.........................       4,044        12/29/96       202,200      404,400        707,700
</TABLE>


 
- ---------------
 
     (1) On December 16, 1992, the Compensation Committee of the Board of
Directors approved grants of Performance Units, effective January 4, 1993, for
the 1993-1996 Award Cycle to various key employees of the Company, including the
Chief Executive Officer and the four most highly compensated executive officers
as set forth in the table. The payout opportunities will be based on the
financial performance of the participant's operating division as compared to
that of a peer group of businesses in the case of Messrs. Wall, Smith and Ryan.
The payout opportunities for Messrs. Graham and Spoon are based on a weighted
average of the earned payouts for the major operating divisions of the Company
(including the newspaper division), subject in addition to the Company achieving
a minimum average return on equity.
 
    (2) With regard to the threshold amounts, Newsweek will have to achieve a
specified percentage of the average performance index of several groups of peer
companies based on changes in operating income margins (the "Newsweek threshold
goal") for Mr. Smith to receive the threshold payment listed above; Post-
                                         (Footnotes continued on following page)
 
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