COMDISCO EXECUTIVE OFFICER COMPENSATION AND BENEFITS
SUMMARY COMPENSATION TABLE
This table shows the compensation paid to (i) Nicholas K. Pontikes, our
President and Chief Executive Officer, and (ii) our four other most highly
compensated executive officers serving as of September 30, 2000. The persons
named in this table and in this section are referred to as the "named executive
officers".
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Annual Compensation Long-Term Compensation
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Awards Payouts
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Name and Principal Year Salary Bonus Securities Long- All Other
Position Underlying Term Compensation <F1>
Options Incentive
(shares) Payouts
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<S> <C> <C> <C> <C> <C> <C>
Nicholas K. Pontikes 2000 $400,000 $ 0 224,719 $ 0 $5,289
President and Chief 1999 450,000 81,250 150,000 $170,129 5,896
Executive Officer 1998 325,000 325,000 687,210<F2> 349,350 6,909
Thomas Flohr 2000 400,000 400,000 0 0 0
Senior Vice President 1999 300,000 300,000 120,000 150,971 0
1998 300,000 227,000 323,530<F2> 0 0
Michael F. Herman 2000 217,000 332,000 47,833 53,150 5,289
President CES 1999 229,800 171,875 175,000 0 5,896
1998 184,800 219,000 149,460 0 6,909
William N. Pontikes 2000 235,000 235,000 53,237 71,850 5,289
Executive Vice 1999 255,000 63,750 24,000 265,129 5,896
President 1998 230,000 230,000 240,710<F2> 339,350 6,909
John J. Vosicky 2000 265,000 265,000 24,345 81,850 5,289
Executive Vice 1999 260,000 65,000 18,000 290,129 5,896
President 1998 240,000 215,000 101,700<F2> 359,350 6,909
& Chief Financial
Officer
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<FN>
<F1> Amounts of "All Other Compensation" are amounts contributed by Comdisco
under the Comdisco Retirement Plan Trust Agreement, effective April 1, 1998
(formerly known as the Comdisco Profit Sharing Plan and Trust).
<F2> Amounts reflect options granted pursuant to Comdisco's Shared Investment
Plan (SIP) on Sunday, February 1, 1998 with a one-day term and an exercise
price based on the closing price of the New York Stock Exchange on Friday,
January 30, 1998. The options were exercised on the date of grant by the
named executive officers. Under the terms of the voluntary plan, the
participants took out personal full-recourse loans to fund their exercise
of the options to purchase Common Stock at $17.3438 per share, the closing
price on January 30, 1998. The loans borrowed from a commercial bank, are
the personal obligation of the participants. Comdisco has agreed to
guarantee repayment to the bank in the event of a default by a participant.
Pursuant to the SIP, Comdisco received approximately $109 million in cash
from 106 members of Comdisco's senior management team who collectively
purchased over 6 million shares of Comdisco common stock.
</FN>
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OPTION GRANTS IN LAST FISCAL YEAR
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This table presents additional information concerning the options shown in the
Summary Compensation Table for fiscal year 2000.
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Individual Grants Potential Realizable Value at
Assumed Annual Rates of Stock
Price Appreciation for Option
Term
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% of Total
Options /
SARs
Number of Securities Granted to Exercise
Underlying Options/ Employees or Base
SARs Granted in Fiscal Price Expiration
Name (#) 2000 ($/Sh) Date 0% 5% 10%
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<S> <C> <C> <C> <C> <C> <C> <C>
Nicholas K. Pontikes 192,616<F1> 13.33 $18.6875 10/01/09 -0- $2,263,713 $5,736,694
32,103 2.22 $19.0625 09/29/10 -0- 384,861 975,312
Thomas Flohr -0- -0- -0- -0- -0- -0- -0-
-0- -0- -0- -0- -0- -0- -0-
Michael F. Herman 31,782<F1> 2.20 $18.6875 10/01/09 -0- 373,517 946,565
16,051 1.11 $19.0625 09/29/10 -0- 192,424 487,641
William N. Pontikes 38,523<F1> 2.67 $18.6875 10/01/09 -0- 452,740 1,147,333
14,714 1.02 $19.0625 09/29/10 -0- 176,396 447,022
John J. Vosicky 9,631<F1> .67 $18.6875 10/01/09 -0- 113,188 286,841
14,714 1.02 $19.0625 09/29/10 -0- 176,396 447,022
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<FN>
<F1> Reflects options issued in lieu of cash compensation pursuant to the
"Cash-to-Option Alternative" election referenced in the "COMPENSATION
COMMITTEE REPORT."
</FN>
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We have included amounts under the columns labeled "5%" and "10%" pursuant to
certain rules promulgated by the SEC and those amounts are not intended to
forecast future appreciation, if any, in the price of our common stock. Such
amounts are based on the assumption that the named executive officers hold the
options granted for their full term. The actual value of the options will vary
in accordance with the market price of our common stock. The column headed "0%"
is included to demonstrate that the options were granted at fair market value
and optionees will not recognize any gain without an increase in the stock
price, and any increase will benefit all stockholders proportionately.
AGGREGATED OPTION EXERCISES IN LAST FISCAL YEAR AND FISCAL YEAR END VALUE
This table contains information with respect to the named executive officers
concerning the exercise of options during the fiscal year 2000 and unexercised
options held as of the end of fiscal year 2000.
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Number of Value Total Number of Shares Total Value of Unexercised,
Shares Underlying Unexercised
Acquired Options Held at in-the-Money Options Held
On September 30, 2000 at September 30, 2000<F1>
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Name Exercise Realized Exercisable Unexercisable Exercisable Unexercisable
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<S> <C> <C> <C> <C> <C> <C>
Nicholas K. Pontikes -0- -0- 585,866 353,789 6,343,752 638,920
Thomas Flohr -0- -0- 837,716 123,844 8,675,767 515,650
Michael F. Herman 47,825 1,631,239 227,785 228,987 1,972,615 438,057
William N. Pontikes -0- -0- 294,451 85,474 2,802,768 158,183
John J. Vosicky 129,238 5,689,623 282,815 48,912 3,006,601 117,669
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<FN>
<F1> Based on the closing price of our common stock, $19.0625, on September 29,2000.
</FN>
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<PAGE>
LONG TERM INCENTIVE PLAN (LTIP) AWARDS
This table provides information on the Performance Unit Awards granted during
the fiscal year ended September 30, 2000 under our 1995 Long-Term Stock
Ownership Incentive Plan to the named executive officers.
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Estimated Future Payouts under
Non-Stock Price-Based Plans<F1>
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Performance or Other
Number Period Until Maturation
Name Of Units or Payout Threshold Target Maximum
------------------------------- ---------------- -------------------------- ------------- ----------- ------------
<S> <C> <C> <C> <C> <C>
Nicholas K. Pontikes 400 September 30, 2002 200,000 400,000 1,200,000
Thomas Flohr 133 September 30, 2002 66,500 133,000 399,000
Michael F. Herman 200 September 30, 2002 100,000 200,000 600,000
William N. Pontikes 183 September 30, 2002 91,500 183,000 549,000
John J. Vosicky 183 September 30, 2002 91,500 183,000 549,000
------------------------------- ---------------- -------------------------- ------------- ----------- ------------
<FN>
<F1> The target performance objective is that our total shareholder return, the
sum of the stock price appreciation plus dividends (reinvested), be ranked
at or above the sixtieth percentile of the total shareholder return of all
companies in the S&P 500 for the period running from October 1, 1999
through September 30, 2002. The threshold performance objective is a
fiftieth percentile ranking. If the actual ranking is less than the
fiftieth percentile, no compensation will be paid under these awards.
</FN>
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