Page 63 - MIC 2014 - English

Incentive Plan Awards – Value Vested or Earned During the Year. The following table provides the value of option-

based awards and share-based awards that vested during the year ended December 31, 2013, and the value of
non-equity incentive plan compensation earned during the year ended December 31, 2013, for the Named Executive

Officers.

Option-Based
awards – Value Share-Based Non-equity incentive
vested during awards – Value plan compensation –
the year (as at vested during Value earned during
vesting date)(1) the year(2)(3) the year(4)
($)
Name
($)
($)

37 266
S.W. WILLIAMS
1 472 733
2 420 000
.......................................................................................................................................................................................................................................................
S.D.L. REYNISH — — 530 000
.......................................................................................................................................................................................................................................................
B.W. DEMOSKY 12 900 217 500 —
.......................................................................................................................................................................................................................................................
M.S. LITTLE 12 326 736 366 700 000
.......................................................................................................................................................................................................................................................
M.R. MACSWEEN 8 314 647 612 540 000
.......................................................................................................................................................................................................................................................
B.J. JACKMAN 1 038 024 662 730 600 000

(1) For Messrs. Williams, Demosky, Little and MacSween, 15% of the options granted under the closed SunShare 2012 Plan vested in 2013, while 60% of

the options were cancelled on January 1, 2013 as performance conditions were not met. For Messrs. Williams, Demosky, Little, MacSween and
Jackman, one-third of each of the options that were granted under the SOP in 2010, 2011 and 2012 vested in 2013, and for Mr. Reynish, one-third of
the options granted under the SOP in 2012 vested in 2013. In addition, for Mr. Jackman, one-quarter of the options granted under the closed Petro-
Canada Employee Stock Option Plan (the ‘‘PCSOP’’) in 2009 vested in 2013. For Mr. Jackman, who retired effective September 30, 2013, all remaining
unvested options under the SOP vested immediately upon his retirement with a maximum term of three years, or normal expiry, if earlier. For
Mr. Demosky, who resigned effective December 27, 2013, all remaining unvested options he held under the SOP in 2011, 2012 and 2013 were

cancelled immediately upon his resignation.
(2) For Messrs. Williams, Little, MacSween and Jackman, this amount includes PSUs issued in 2011 under the PSU Plan that vested on December 31, 2013
and paid out in February 2014. Values reflected are based on actual payout. For Mr. Demosky, who resigned effective December 27, 2013, all unvested
PSUs issued in 2011, 2012 and 2013 were cancelled immediately upon his resignation.

(3) For Messrs. Demosky and MacSween, this amount includes DSUs issued under the AIP upon their election, in lieu of a cash award. Value of DSUs
calculated based on grant price.
(4) Refers to annual incentive payouts made under the AIP that paid out in February 2014, for recognition of performance in 2013. Mr. Demosky, who

resigned in 2013, did not receive an award.

Option Exercises – Value Realized During the Year. The following table provides the number of Suncor common
shares acquired upon the exercise of options as well as the aggregate value realized upon the exercise of these options

during the year ended December 31, 2013 for the Named Executive Officers.

Aggregate Value
Common Shares Acquired Realized(1)
Name on Option Exercise
($)

S.W. WILLIAMS 157 000
2 980 790
.......................................................................................................................................................................................................................................................
S.D.L. REYNISH — —
.......................................................................................................................................................................................................................................................
B.W. DEMOSKY 69 333 371 554
.......................................................................................................................................................................................................................................................
M.S. LITTLE 38 000 437 387
.......................................................................................................................................................................................................................................................
M.R. MACSWEEN 24 500 322 918
.......................................................................................................................................................................................................................................................
B.J. JACKMAN 209 000 1 793 419

(1) The aggregate value realized equals the difference between the value of the option and the market price of the Suncor common shares on the TSX at
time of exercise.

Suncor Retirement Arrangements. The Suncor Energy defined contribution account balance, or depending upon

Pension Plan is a registered pension plan that provides the employees’ eligibility, based on a combination of a
retirement income to Suncor employees and former defined benefit pension payment, including an

employees, including Messrs. Williams, Reynish, Demosky, employee-paid benefit feature, and a defined contribution
Little and MacSween. Retirement income is based on a
account balance. Messrs. Williams, Reynish, Demosky, Little

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 61