e acquisition of Safeway, as well as market valuations of comparable publicly traded grocers, and general capital market conditions in the U.S. The Phantom Units granted in the first quarter of fiscal 2015 were valued at $21.82 per unit with a $250.2 million aggregate fair value. The per unit fair value of th

is became eligible to receive independent director annual fees of $150,000 per year. The independent directors have also been granted the number of Phantom Units under the AB Acquisition LLC Phantom Unit Plan (the Phantom Unit Plan") set forth below (the 'Director Phantom Units"): Participant Units Sharon

Amendment No. 3 to Form S-1 Table of Contents 50% of the Director Phantom Units granted to Messrs. Fennebresque, Schumacher and Davis will vest in four annual installments of 25% on the last day of the company's fiscal year, com

of the IPO-Related Transactions and this offering. Phantom Unit Plan In fiscal 2015, we adopted the Phantom Unit Plan which provides for grants of Phantom Units" to the employees, directors and consultants of the company or its subsidiaries selected by the board of directors. Each Phantom Unit provides the p

-term maturities were $856.9 million and $853.6 million, as of June 20, 2015 and February 28, 2015, respectively. NOTE 6—EQUITY-BASED COMPENSATION Phantom Units During the 16 weeks ended June 20, 2015, the Company issued 11.5 million Phantom Units to its employees and directors, of which 7.2 million Phantom