AKAO 2018 Proxy Statement

37 2017 Grants of Plan-Based Awards The following table sets forth information about the non-equity incentive award and equity-based awards granted to our NEOs in 2017. Name Grant Date Estimated Future Payouts Under Non-Equity Incentive Plan Awards Target ($) (1) All Other Stock Awards: Number of Shares of Stock or Units (#) All Other Option Awards: Number of Securities Underlying Options (#) Exercise or Base Price of Option Awards ($/Sh) Grant Date Fair Value of Stock and Option Awards ($) (2) Kenneth J. Hillan, M.B., Ch.B. 2/22/2017 226,200 2/22/2017 40,000 (3) 23.62 642,400 2/22/2017 8,000 (4) 182,688 2/22/2017 160,000 (5) 23.62 2,620,800 2/22/2017 32,000 (6) 755,840 Blake Wise 2/22/2017 202,500 2/22/2017 20,000 (3) 23.62 321,200 2/22/2017 4,000 (4) 91,344 2/22/2017 80,000 (5) 23.62 1,310,400 2/22/2017 16,000 (6) 377,920 Tobin C. Schilke 2/22/2017 127,750 2/22/2017 12,600 (3) 23.62 202,356 2/22/2017 2,700 (4) 61,657 2/22/2017 50,400 (5) 23.62 825,552 2/22/2017 10,800 (6) 255,096 Lee Swem, Ph.D. 2/22/2017 112,000 2/22/2017 10,000 (3) 23.62 160,600 2/22/2017 2,000 (4) 45,672 2/22/2017 40,000 (5) 23.62 655,200 2/22/2017 8,000 (6) 188,960 Gary Loeb (7) 2/22/2017 126,000 Ian Friedland, M.D. 2/22/2017 149,345 3/14/2017 (8) 8,253 3.65 160,038 3/14/2017 (8) 18,279 8.04 240,336 3/14/2017 (8) 9,657 11.78 81,131 3/14/2017 (8) 6,125 106,838 (1) The target incentive plan amounts represent the payouts that would have occurred based on the 100% achievement of 2016 performance goals. No minimum threshold amount or maximum amount beyond the target amount was established. Actual cash incentive bonus plan payouts are reflected in the Non-Equity Incentive Plan Compensation column of the “Summary Compensation Table.” (2) Amounts shown represent the grant date fair value of stock options or restricted stock units granted, as calculated in accordance with ASC Topic 718. The grant date fair value of stock options or RSUs with a market condition is based on the probable outcome of such condition; no maximum value applies. See Note 10 of the financial statements included in our Annual Report on Form 10-K filed February 27, 2018 for the assumptions used in calculating these amounts. (3) Amounts reflect the number of shares that may vest under our stock options granted with market-based conditions. Such stock options vest as follows: (i) 40% will vest on the 30th consecutive trading date that the closing trading price of the Company’s common stock reaches or exceeds $30.00 per share; (ii) 40% will vest on the 30th consecutive trading date that the closing trading price of the Company’s common stock reaches or exceeds $40.00 per share; and (iii) 20% will vest on the 30th consecutive trading date that the closing trading