Page 73 - MIC 2014 - English

Closed Plans. The following table provides the key terms of the Suncor equity based plans that are closed to new grants.

No. Outstanding
at February 24, 2014
Year Award (% of outstanding Vesting Performance
Approved
Plan Name(1)
Type
shares) Schedule
Expiry(2)
Conditions

1992
Suncor Executive Stock Plan (‘‘ESP’’)
Option
2 734 471 1⁄3 per yr over 3 yrs 10 years
No
(0.19%)
.......................................................................................................................................................................................................................................................
1997 Petro-Canada Restricted Stock Unit RSU 4 203 — — No
Plan (Non-Employee Directors of
Petro-Canada) (closed Dec. 31, 2003)
(‘‘PCRSU’’)
.......................................................................................................................................................................................................................................................
2000 Petro-Canada Deferred Stock Unit DSU 164 228 — — No
Plans (Eligible Employees of Petro-

.......................................................................................................................................................................................................................................................
Canada) (‘‘PCDSU’’)(3)
2004 Petro-Canada Employee Stock Option 4 253 958 1⁄per yr over 4 yrs 7 years No
4
Option Plan (‘‘PCSOP’’) (0.29%)
.......................................................................................................................................................................................................................................................
2004 Suncor Key Contributor Stock Option 4 547 628 1⁄per yr over 3 yrs 10 years No
3
Option Plan (‘‘SKCSO’’) (0.31%)
.......................................................................................................................................................................................................................................................
2004 Petro-Canada Deferred Stock Unit DSU 33 143 — — No

Plan (Non-Employee Directors of
.......................................................................................................................................................................................................................................................
Petro-Canada) (‘‘PCCDSU’’)(4)
(6)
2007 Suncor SunShare 2012 Plan Option 4 484 048 Share Price and TSR September 27, Yes
(‘‘SunShare 2012 Plan’’) (0.30%) Targets(5) 2014
.......................................................................................................................................................................................................................................................
2007 Petro-Canada Stock Appreciation SAR 4 231 079 ⁄per yr over 4 yrs 7 years No
14
Rights Plan (‘‘PCSAR’’)(7)

(1) All plans closed effective August 1, 2009, unless otherwise noted.
(2) Period of time from grant date until maximum expiry. Where no period indicated, award will be automatically redeemed no later than 23 months
following termination of employment, unless redeemed earlier under the terms of the respective plan.

(3) Includes two DSU plans. The first allowed eligible employees (as that term is defined in the plan) to elect to have their bonus payable in the next
calendar year in DSUs. The second allowed eligible employees (as that term is defined in the plan) to receive DSUs at the discretion of the
Management Resources and Compensation Committee of Petro-Canada.

(4) Members (as that term is defined in the plan) could elect to receive all or a portion of their annual Board retainer and meeting fees in DSUs.
(5) Share price targets under the SunShare 2012 Plan were achieved on May 12, 2008 and partially achieved on May 18, 2011. TSR target was not
achieved. See footnote (6) for details on performance conditions.

(6) The performance criteria included two share price targets and a relative TSR target that aligned employee performance with shareholders’ interests.
(7) The PCSAR Plan provides a cash payment to participants equal to the appreciation in share price between the date the SARs were granted and the
date the SARs are exercised. All SARs are non-transferable and non-assignable, and exercisable on terms determined by the Management Resources
and Compensation Committee of Petro-Canada in its discretion at the time the SARs were granted. The exercise price per SAR cannot be less than the

closing price of the common shares on the TSX on the day preceding the day the SAR was granted.

Aggregate Potential Dilution. The aggregate potential shareholder approval except for those amendments
dilution of all issued, outstanding and authorized options specifically requiring shareholder approval as mandated

under Suncor stock option plans was 4.3% at February 24, by the respective plan including: (a) an increase in the
2014. Suncor has no other equity compensation plans number of securities reserved under the plan; (b) a

involving newly issued securities.
reduction in an exercise price, or cancellation and
reissue of options which benefits any option holder
2013 Grant Rate (Run Rate): Stock options granted under
the SOP in 2013 of 4,209,480 totaled less than 1% (other than as may be permitted by the TSX); (c) an
amendment that extends the term of an award beyond
(approximately 0.3%) of shares outstanding at the end
its original expiry; (d) allowing awards granted under
of 2013.
the plan to be transferable or assignable other than for
normal estate settlement purposes; and (e) any
Additional Terms of Equity Compensation Plans:
amendment that increases the maximum number of
• Each of the SOP, and the closed ESP, SKCSO and options available for annual grants to non-employee

SunShare 2012 (collectively, the ‘‘Suncor Plans’’) directors.
contains an amendment provision providing that the
Board may amend, suspend or terminate the respective •
The PCSOP contains an amendment provision providing
that the HR&CC may amend the plan: (a) to make
plan as it, in its discretion, may determine, without

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 71