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Amendment No. 3 to Form S-I
Table of Contents
Option Exercises and Units Vested in Fiscal 2014
Option Awards
Unit Awards
Number of Shares
Number of Units
Acquired on
Value Realized
Acquired on
Value Realized on
Name
Exercise (N)
on Exercise (S)
Vesting (#)(1)
Vesting (S)(2)
Lai
(b)
(c)
(d)
(e)
Robert G. Miller
—
—
440.242
3,383,335
Robert L. Edwards
—
—
—
—
Robert B. Dimond
—
—
—
—
Wayne A. Denningham
—
—
—
—
Justin Dye
—
—
440,242
3.383,335
Shane Sampson
—
—
—
—
1.
Represents the vesting of Class C Units as described in "—Compensation Discussion and Analysis.-
2.
The value realized upon vesting of the Class C Units is based on a vesting date per unit value of S7.69.
Pension Benefits
The following table quantifies the benefits expected to be paid to Mr. Edwards under the ERP, a qualified defined benefit pension
plan; and the Safeway Inc. Retirement Restoration Plan and Retirement Restoration Plan II (collectively, the "RRPD, non-qualified and
unfunded defined benefit pension plans, as of June 20, 2015. The company assumed the ERP and the RRP from Safeway in connection
with the Safeway acquisition. The terms of the plans are described below the table.
The following actuarial assumptions were employed to derive the calculations shown on the table below: (1) pension economic
assumptions consistent with pension financial reporting by Safeway for its 2014 fiscal year were used for calculations at the end of 2014;
(2) demographic assumptions are also consistent with pension financial reporting, with the exception of modified retirement and pre-
retirement decrements as required by SEC guidance; (3) discount rates of 3.9% for the ERP and 3.8% for the RRP; and (4) a cash
balance interest crediting and annuity conversion interest rate of 3.0%.
Additional actuarial assumptions used include the following: (1) mortality table for lump sum conversion-2014 IRS Applicable
Mortality Table; (2) retirement table for post-retirement mortality—RP2014 fully generational using MP 2014 scale: (3) no pre-retirement
mortality, turnover or disability; (4) form of payment assumption of 65% lump sum and 35% single life annuity for ERP and 100% single
life annuity for RRP: and (5) retirement age of 65.
Number of Years
Payments During
Credited Service (#)
Present Value of
last Fiscal
Name
Plan Name(1)
(2)
Accumulated Benefit (S)
Year (S)
(a)
(b)
(c)
(d)
(e)
Robert L. Edwards
ERP
9.9
137,422
—
RRP
9.9
502,678
1.
In connection with the termination of his employment, Mr. Edwards elected to receive his vested benefit under the ERP in a lump
sum. In connection with the termination of his employment, Mr. Edwards' vested benefit under the RRP will be paid to him via an
annuity paid monthly.
2.
The number of years of credited service and the present value of accumulated benefits are calculated as of June 20, 2015.
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CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e)
CONFIDENTIAL
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