An unauthorized collection of the records of Alternate Energy Holdings, inc., its principals and subsidiaries, and their antics, trials, and tribulations

Former AEHI CEO Don Gillispie

Former AEHI CEO Don Gillispie
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Wednesday, June 24, 2009

Executive Compensation, Part III

ITEM 11. EXECUTIVE COMPENSATION

The following table sets forth the compensation paid to officers and board members during the fiscal years ended December 31, 2008, 2007 and 2006. The table sets forth this information for AEHI, including salary, bonus, and certain other compensation to the Board members and named executive officers for the past three fiscal years and includes all Board Members and Officers as of December 31, 2008.

                                       SUMMARY EXECUTIVES COMPENSATION TABLE
-------------------- -------- --------- -------- ----------- ------- ------------- -------------- --------------- ----------
Non-equity Non-qualified
incentive deferred
Stock Option plan compensation All other
Salary Bonus awards awards compensation earnings compensation Total
Name & Position Year ($) ($) ($) ($) ($) ($) ($) ($)
-------------------- -------- --------- -------- ----------- ------- ------------- -------------- --------------- ----------
Donald Gillispie, 2008 0 0 $750,000 0 0 0 $120,000 $870,000
President, CEO and 2007 0 0 $200,000 0 0 0 $40,023 $240,023
COO (1) 2006 0 0 $ 14,800 0 0 0 0 $ 14,800
-------------------- -------- --------- -------- ----------- ------- ------------- -------------- --------------- ----------
Gregory E. Kane, 2008 0 0 0 0 0 0 0 0
Vice President 2007 0 0 0 0 0 0 0 0
2006 0 0 0 0 0 0 0 0
-------------------- -------- --------- -------- ----------- ------- ------------- -------------- --------------- ----------
John Franz, Vice 2008 0 0 0 0 0 0 0 0
President 2007 0 0 0 0 0 0 0 0
2006 0 0 0 0 0 0 0 0
-------------------- -------- --------- -------- ----------- ------- ------------- -------------- --------------- ----------
Rick J. Bucci, 2008 0 0 $350,000 0 0 0 0 $350,000
Vice President and 2007 0 0 $ 50,000 0 0 0 0 $ 50,000
Chief Financial 2006 0 0 0 0 0 0 0 0
Officer (3)
-------------------- -------- --------- -------- ----------- ------- ------------- -------------- --------------- ----------
Jennifer Ransom, 2008 0 0 $575,000 0 0 0 $60,000 $635,000
Senior Vice 2007 0 0 $ 25,000 0 0 0 0 $ 25,000
President and 2006 0 0 0 0 0 0 0 0
Secretary
-------------------- -------- --------- -------- ----------- ------- ------------- -------------- --------------- ----------

(1)During the year ended December 31, 2006, Mr. Gillispie received 14,800,000 shares of common stock valued at $14,800 for his services. During the year ended December 31, 2007, Mr. Gillspie received 2,000,000 shares of common stock valued at $0.10 per share as compensation for his services. During the year ended December 31, 2008, Mr. Gillispie received 7,500,000 shares of common stock valued at $0.10 per share as compensation for his services. During the year ended December 31, 2008, $120,000 of other compensation consisted of expense allotment for travel, auto, Idaho living expenses, entertainment.

(2) During the year ended December 31, 2007, Mr. Bucci received 500,000 shares of common stock valued at $0.10 per share as compensation for his services. During the year ended December 31, 2008, Mr. Bucci received 3,500,000 shares of common stock valued at $0.10 per share as compensation for his services.

(3) During the year ended December 31, 2007, Ms. Ransom received 250,000 shares of common stock valued at $0.10 per share as compensation for her services. During the year ended December 31, 2008, Ms. Ransom received 5,750,000 shares of common stock valued at $0.10 per share as compensation for her services. During the year ended December 31, 2008, $60,000 of other compensation consisted of expense allotment, travel, auto and entertainment.

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