VintageFilings,LLC

  

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



 

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. 1)



 
Filed by the Registrant x
Filed by a Party other than the Registrant o

Check the appropriate box:

o Preliminary Proxy Statement
o Confidential, For Use of the Commission Only (as Permitted by Rule 14a-6(e)(2))
o Definitive Proxy Statement
x Definitive Additional Materials
o Soliciting Material Pursuant to §240.14a-12

DENTSPLY INTERNATIONAL INC.

(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

x No fee required.
o Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:

(2) Aggregate number of securities to which transaction applies:

(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(4) Proposed maximum aggregate value of transaction:

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o Fee paid previously with preliminary materials.
o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.
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SUPPLEMENT DATED APRIL 24, 2012 TO
PROXY STATEMENT
DENTSPLY INTERNATIONAL INC.
221 WEST PHILADELPHIA STREET
YORK, PENNSYLVANIA 17405-0872

ANNUAL MEETING OF STOCKHOLDERS TO BE HELD
WEDNESDAY, MAY 23, 2012

Explanatory Note: This Supplement to the Proxy Statement of DENTSPLY International Inc. (the “Company”), is to correct information in one of the tables contained in the Proxy Statement, originally filed on April 23, 2012. The incorrect table, “Outstanding Equity Awards at Year End,” can be found on page 39 of the printed Proxy Statement. Certain Stock Awards shown in this table were incorrect due to a calculation error. The corrected table, together with the explanatory notes thereto, is set forth in its entirety below. Other than this revised table, the Proxy Statement remains unchanged in its entirety.

Outstanding Equity Awards at Year End

The following table provides information on the stock option awards and stock awards outstanding as of December 31, 2011 for the Named Executive Officers:

Outstanding Equity Awards at Fiscal Year End

                 
                 
  Option Awards   Stock Awards
Name   Number of Securities Underlying Unexercised Options (Exercisable)
(#)
  Number of Securities Underlying Unexercised Options (Unexercisable)
(1) (#)
  Total Number of Securities Underlying Unexercised Options
(#)
  Option Exercise Price
(2) ($)
  Option Expiration Date
(3)
  Number of Stock Units That Have Not Vested
(4) (#)
  Market Value of Stock Units That Have Not Vested
(5) ($)
  Equity Incentive Plan Awards: Number of Unearned Stock Units That Have Not Vested
(6) (#)
  Equity Incentive Plan Awards: Market Value of Stock Units That Have Not Vested
(7) ($)
Bret W. Wise     14,633             14,633       22.14       12/15/2013                          
       60,854             60,854       27.45       12/13/2014                          
       181,084             181,084       27.74       12/13/2015                          
       197,400             197,400       31.36       12/12/2016                          
       146,900             146,900       45.15       12/10/2017                          
       223,650             223,650       25.91       12/8/2018                          
       153,267       76,633       229,900       33.86       12/8/2019                          
       63,066       126,134       189,200       36.62       2/11/2021                          
                                                          133,319       4,664,832  
       1,040,854       202,767       1,243,621                       —           —       133,319       4,664,832  
William R. Jellison     41,836             41,836       27.45       12/13/2014                          
       20,200             20,200       27.74       03/22/2015                          
       72,434             72,434       27.74       12/13/2015                          
       42,500             42,500       31.36       12/12/2016                          
       33,900             33,900       45.15       12/10/2017                          
       46,300             46,300       25.91       12/08/2018                          
       33,734       16,866       50,600       33.86       12/08/2019                          
       15,266       30,534       45,800       36.62       02/11/2021                          
                                                          23,285       814,742  
       306,170       47,400       353,570                               23,285       814,742  
Christopher T. Clark     59,600             59,600       22.14       12/15/2013                          
       41,836             41,836       27.45       12/13/2014                          
       55,042             55,042       27.74       12/13/2015                          
       71,100             71,100       31.36       12/12/2016                          
       59,300             59,300       45.15       12/10/2017                          
       111,800             111,800       25.91       12/08/2018                          
       59,800       29,900       89,700       33.86       12/08/2019                          
       31,566       63,134       94,700       36.62       02/11/2021                          
                                                          59,381       2,077,741  
       490,044       93,034       583,078                               59,381       2,077,741  
 

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     Option Awards   Stock Awards
Name   Number of Securities Underlying Unexercised Options (Exercisable)
(#)
  Number of Securities Underlying Unexercised Options (Unexercisable)
(1) (#)
  Total Number of Securities Underlying Unexercised Options
(#)
  Option Exercise Price
(2) ($)
  Option Expiration Date
(3)
  Number of Stock Units That Have Not Vested
(4) (#)
  Market Value of Stock Units That Have Not Vested
(5) ($)
  Equity Incentive Plan Awards: Number of Unearned Stock Units That Have Not Vested
(6) (#)
  Equity Incentive Plan Awards: Market Value of Stock Units That Have Not Vested
(7) ($)
James G. Mosch     59,600             59,600       22.14       12/15/2013                          
       41,836             41,836       27.45       12/13/2014                          
       55,042             55,042       27.74       12/13/2015                          
       32,900             32,900       31.36       12/12/2016                          
       30,500             30,500       45.15       12/10/2017                          
       46,300             46,300       25.91       12/08/2018                          
       33,734       16,866       50,600       33.86       12/08/2019                          
       17,366       34,734       52,100       36.62       02/11/2021                          
                                              29,005       1,014,885       2,560       89,574  
       317,278       51,600       368,878                   29,005       1,014,885       2,560       89,574  
 
Robert J. Size     10,000             10,000       18.85       06/02/2013                          
       8,200             8,200       24.68       07/21/2014                          
       14,262             14,262       27.45       12/13/2014                          
       16,778             16,778       27.74       12/13/2015                          
       13,800             13,800       27.74       03/22/2016                          
       32,900             32,900       31.36       12/12/2016                          
       24,900             24,900       45.15       12/10/2017                          
       36,000             36,000       25.91       12/08/2018                          
       25,334       12,666       38,000       33.86       12/08/2019                          
       10,633       21,267       31,900       36.62       02/11/2021  
                                              20,478       716,525       1,570       54,934  
       192,807       33,933       226,740                   20,478       716,525       1,570       54,934  

(1) Options granted become exercisable over a period of three years after the date of grant at the rate of one-third per year, except that they become immediately exercisable upon death, disability or qualified retirement. Options generally expire ten years after the date of grant under these plans. The non-exercisable stock options with the following expiration dates will vest as indicated below:

 
Expiration Date   Vesting Schedules
12/08/2019   The remaining one third will vest December 8, 2012
2/11/2021   One third will vest February 11, 2013, the remaining one third will vest February 11, 2014
(2) The Company’s stock options are granted at the Board meeting in February each year, with a grant date that is generally three business days after the Company’s report of financial results for the prior year, to employees already in the equity incentive program, and to newly hired executive officers at the HR Committee meeting following the executive officer’s employment date. Prior to 2011, the Company’s equity grants to employees already in the equity incentive program were made at the December Board meeting each year. The exercise price reflects the closing price of DENTSPLY Common Stock on the grant date.
(3) Stock options generally expire ten years after the grant date.
(4) RSU grants are cliff vested. Restrictions lapse and the units convert to shares of stock three years after the date of grant, except that they become immediately vested upon death, disability or qualified retirement. RSUs have no expiration date. With respect to Mr. Wise, Mr. Jellison and Mr. Clark, vesting of RSUs is contingent upon the continued profitability of the Company and these are included in the column “Equity Incentive Plan Awards: Number of Unearned Stock Units That Have Not Vested.” The RSUs with the following grant dates will vest as indicated below:

 
Grant Date   Vesting Schedules
2/12/2009   vested on February 12, 2012
2/4/2010   will vest on February 4, 2013
2/11/2011   will vest on February 11, 2014
(5) The market value represents the number of RSUs granted multiplied by December 31, 2011 stock closing market price of $34.99.

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(6) Includes RSUs for Messrs. Wise, Jellison and Clark, together with PRSUs (for Messrs. Wise, Jellison, Clark, Mosch and Size. Both RSUs and PRSUs are cliff vested. Restrictions lapse and the units convert to shares of stock three years after the date of grant (provided, in the case of the PRSUs, that a one-year performance objective is met; and provided, in the case of the RSUs granted to Messrs. Wise, Jellison and Clark, that the Company continues to be profitable), except that they become immediately vested upon death, disability or qualified retirement. PRSUs are shown at the target amount.
(7) The market value represents the number of RSUs and PRSUs granted (PRSUs at the target amount), multiplied by December 31, 2011 stock closing market price of $34.99.

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