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The following is an excerpt from our 2007 proxy statement.
The following table presents information as of December 31, 2007 concerning the beneficial ownership of AGL Resources common stock by each director and director nominee, by each executive officer named in the Summary Compensation Table under the caption “Executive Compensation—Compensation Paid to Executive Officers,” whom we refer to collectively as the “named executive officers,” and by all executive officers and directors as a group, based on information furnished by them to us.
Beneficial ownership as reported in the table below has been determined in accordance with SEC regulations and includes shares of common stock which may be acquired within 60 days after December 31, 2006 upon the exercise of outstanding stock options but excludes shares and share equivalents held under deferral plans. See footnote (3) below. Unless otherwise indicated, all directors, director nominees and executive officers have sole voting and investment power with respect to the shares shown. As of December 31, 2006, no individual director, director nominee, named executive officer, or executive officers and directors as a group owned beneficially 1% or more of our common stock.
Share Ownership - Directors and Executive Officers
| Name |
Shares of Common Stock Beneficially Owned |
Shares and Share Equivalents Held Under Deferral Plans (2) |
Total* |
| |
Owned Shares |
Optioned Shares (1) |
|
|
| Thomas D. Bell, Jr. |
9,070 |
- |
- |
9,070 |
| Charles R. Crisp |
7,087 |
- |
- |
7,087 |
| Michael J. Durham |
11,956 |
- |
- |
11,956 |
| Arthur E. Johnson |
1,061 |
7,173 |
15,928 |
24,162 |
| Wyck A. Knox, Jr. |
12,122 |
- |
18,859 |
30,981 |
| Dennis M. Love |
455 |
9,874 |
21,668 |
31,997 |
| Charles H. McTier |
2,000 |
- |
640 |
2,640 |
| Dean R. O'Hare |
4,686 |
- |
621 |
5,307 |
| D. Raymond Riddle (4) |
6,113 |
11,169 |
25,259 |
42,541 |
| James A. Rubright |
1,832 |
7,173 |
17,057 |
26,062 |
| John W. Somerhalder II |
42,140 |
- |
406 |
42,546 |
| Felker W. Ward, Jr. |
19,276 |
9,672 |
14,858 |
43,806 |
| Bettina M. Whyte |
3,725 |
- |
2,244 |
5,969 |
| Henry C. Wolf |
7,302 |
- |
2,893 |
10,195 |
| Kevin P. Madden |
56,630 |
57,760 |
2,075 |
113,465 |
| R. Eric Martinez, Jr. |
16,304 |
30,487 |
- |
46,791 |
| Paul R. Shlanta |
23,713 |
19,951 |
- |
43,644 |
| Andrew W. Evans |
14,964 |
19,600 |
- |
34,564 |
| Douglas N. Schantz |
10,759 |
20,800 |
5,896 |
37,455 |
All executive officers and directors
as a group (20 persons) (5) |
267,144 |
209,812 |
128,402 |
605,358 |
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Notes to Share Ownership Table
- Includes 100 shares held by each of our directors as required under our bylaws.
- For the non-employee directors, reflects the shares that may be acquired upon exercise of stock options granted under the 1996 Non-Employee Directors Equity Compensation Plan, which we refer to as the 1996 Directors Plan, and for the executive officers, reflects the shares that may be acquired upon exercise of stock options granted under the Long-Term Incentive Plan (1999), which we refer to as the LTIP, under the Long-Term Stock Incentive Plan of 1990, which is the predecessor of the LTIP and which we refer to as the LTSIP, or under the Officer Incentive Plan, which we refer to as the OIP.
- Represents shares of common stock, common stock equivalents and accrued dividend credits held, for non-employee
directors, under the 1998 Common Stock Equivalent Plan for Non-Employee Directors, which we refer to as the CSE Plan, and, for the named executive officers, under the NSP. The common stock equivalents track the performance of AGL Resources common stock and are payable in cash. The shares and share equivalents may not be voted or transferred by the participants.
- Includes 1,600 shares held by Mr. Riddle in trust via a Keogh account. Mr. Riddle has sole voting and investment power with respect to these shares.
- Includes 673 shares for which a member of the group who is not a named executive officer has shared voting and investment power.
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