Ameriprise Financial Announces Long-Term
Incentive Awards to Former Employees of
May 04, 2010 04:33 PM Eastern Daylight Time
MINNEAPOLIS--(EON: Enhanced Online News)--Ameriprise Financial, Inc. (NYSE: AMP) today announced
the grant of long-term incentive awards to former employees of Columbia Management and its affiliates who became
employees of Ameriprise Financial in connection with the acquisition of the long-term asset management business of
The Compensation and Benefits Committee (CBC) of the Ameriprise Financial Board of Directors approved the
program under which these long-term incentive awards were granted. The committee is composed solely of
independent directors. The CBC’s approval was given based on the employment inducement exemption provided
under the corporate governance listing standards of the New York Stock Exchange (NYSE). This news release is
being issued per applicable NYSE guidance.
The CBC approved the long-term incentive awards on April 28, 2010. Under the company's established long-term
incentive award grant practices and procedures, the grant date for these awards was May 3, 2010. A total of 133
employees that joined the company as part of this transaction received long-term incentive awards. If all eligible
employees accept the awards, the aggregate number of shares of the company's common stock will be awarded as
follows: 406,126 shares underlying non-qualified stock options, 124,454 shares of restricted stock and 29,184
shares of restricted stock units.
The non-qualified stock options awarded have an exercise price equal to the closing price of a share of the
company's stock on the NYSE on May 3, 2010, which was $47.50. The options will vest in four equal annual
installments commencing on the first anniversary of the date of grant and will have a 10-year term. The options may
be forfeited under certain circumstances, including termination of employment.
The restricted stock or restricted stock units awarded wi