Success Sharing Plan

The following is a quote from a memo from District 6 to Local Presidents:

“We have received several calls from Locals asking about the 2012 Success Sharing Plan award payouts. The company has confirmed that the award will be made to eligible employees on November 30, 2012. The company also indicated that they anticipate having additional information available next week. Once that is made available to us, the information will be disseminated to the Locals.”

The following is an unofficial estimate of what the Success Sharing payout may work out to. These figures are subject to misunderstanding or correction, and should be taken as an optimistic estimate only until an official announcement is made.

The September 28, 2012 closing price of the stock was $37.70. The 10/3/2011 closing prices was $28.16. This is a difference of $9.54$1.75.

$9.54×150 works out to $1431.00. $175×150 works out to $262.50. These total to 1,693.50. After a tax of 30% and the deduction of Union Dues, we estimate that the checks may be between $1100-1200.