<p>ChoicePoint Inc. Chairman and Chief Executive Derek V. Smith realized $14 million in value from exercising about 359,260 stock options in fiscal 2005, according to the company's annual proxy statement.</p><p>ChoicePoint, based in Alpharetta, Ga., provides credential verification and identification services to mitigate insurance, business and government risk and fraud.</p><p>Value realized generally is defined as the market value of the stock on the dates of exercise minus the applicable exercise price. It doesn't necessarily indicate that the stock was sold.</p><p>The option exercise total is in addition to the executive's compensation for 2005, which totaled about $5.3 million.</p><p>Smith's compensation included a salary of $999,986 and $611,459 in "other annual compensation," which includes perquisites and personal benefits.</p><p>In addition, Smith received $2.3 million in restricted stock and deferred shares.</p><p>According to the proxy, filed Monday with the Securities and Exchange Commission, Smith also received about $1.4 million in all other compensation, which relates to contributions for company-sponsored benefit plans.</p>
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