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DIRECTORS' COMPENSATIONAnnual Retainers(1)Board$60,000(2)$85,000 in restricted stock units ("RSUs")(3)Committee ChairsAuditHuman Resources and Nominating & GovernanceOther CommitteesPresiding DirectorAttendance FeesBoard Meeting$2,500(4)Board Meeting via TelephoneCommittee Meeting$1,300(5)$1,500(6)Committee Meeting via TelephoneFees Earned by Directors in 2006NameFees Earned or Paid in Cash ($)(1)Stock Awards
($)(2)Total
($)Betsy J. BernardJocelyn Carter-MillerGary E. CostleyMichael T. DanDavid J. DruryC. Daniel GelattSandra L. HeltonCharles S. JohnsonWilliam T. KerrRichard L. KeyserArjun K. MathraniFederico F. PeñaElizabeth E. TallettTherese M. VaughanOptionsRSUsCOMPENSATION DISCUSSION AND ANALYSISNamed Executive OfficerTarget AwardMaximum AwardGriswell150%450%McCaughan250%750%Zimpleman125%375%Aschenbrenner100%300%Gersie75%225%Summary Compensation TableYearSalary
$(1)Bonus
$Non Equity
Incentive
Compensation(2)Stock Awards
$(3)(4)Option Awards
$(3)Change in Pension Value and Non- qualified Deferred Compensation Earnings(5)All Other
Compensation
$(6)Total
$(7)2006401(k) Employee
ContributionsCatch-Up
ContributionsExcess Plan Employee
ContributionsTotal Employee
ContributionsEmployee Contributions on Incentive PayShare-Based PaymentGrant DateExercise PriceVolatilityExpected TermDividend YieldRisk-Free
Interest RateFebruary 25, 20036 years0.907%3.15%February 24, 20041.240%3.27%February 28, 20051.410%4.09%February 27, 20061.320%4.64%June 1, 20061.194%5.04%Perquisites and Other Personal Benefits
$(a)Tax Reimbursements/ Gross-Ups
$(b)Registrant Contributions to Defined Contribution Plans
$(c)Total
$401(k) Matching
Contributions Made by
Principal LifeExcess Plan Matching
Contributions Made by
Principal LifeTotalGrants of Plan-Based Awards for Fiscal Year End December 31, 2006Estimated Future Payouts Under Non-Equity Incentive Plan AwardsEstimated Future Payouts Under Equity
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Option Awards:
Number of
Securities
Underlying
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(#)(4)Exercise or
Base Price of
Option Awards
($/Sh)(5)Grant Date
Fair Value of
Stock and
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($)Target
($)(1)Maximum
($)(2)Threshold
(#)Target
(#)Maximum
(#)
2/27/2006
2/27/2006$
$2,724,092
2,627,700533,472
518,382755,936
729,165Zimpleman(7)929,600
877,4576/1/2006
6/1/20065/16/2006
5/16/200613,896
13,675
2/27/2006
2/27/2006715,067
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Units or Other Rights That Have not Vested
(#)(4)Equity Incentive Plan Awards:
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Units or Other Rights That Have not Vested
($)(3)2/24/2004
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2/27/2006226,290
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2/27/201643,453
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2/24/2004
2/28/2005
2/27/2006
6/01/200641,095
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