AutoZone 2011 Annual Report Download - page 46

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Proxy
GRANTS OF PLAN-BASED AWARDS
The following table sets forth information regarding plan-based awards granted to the Company’s Named Executive
Officers during the 2011 fiscal year.
Equity
Plans
Grant Date
Estimated Future Payments
Under Nonequity Incentive
Plans(1)
Estimated Future
Payouts Under
Equity Incentive
Plan Awards
All other
Stock
Awards:
Number
of
shares of
Stock or
Units
(#)(2)
All other
Option
Awards:
Number of
securities
underlying
options
(#)(3)
Exercise
or
base
price of
option
awards
($)
Closing price
on date of
grant for
option
awards, if
different
($)(4)
Grant
date fair
value of
stock
and
option
awards
($)Name
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Maximum
(#)
William C. Rhodes III . . . 500,000 1,000,000 N/A
9/28/2010 24,400 228.20 230.56 1,575,207
9/30/2010 3 687
12/15/2010 20,000(5) 25,000(5) 6,563,750
12/31/2010 84 22,898
3/31/2011 37 10,122
6/30/2011 40 11,794
8,184,458
William T. Giles . . . . . . . . 183,750 367,500 N/A
9/28/2010 14,400 225.74 228.20 919,610
12/31/2010 16 4,361
3/31/2011 6 1,641
6/30/2011 6 1,769
927,381
Robert D. Olsen . . . . . . . . 113,100 226,200 N/A
1/25/2011 4,800(6) 1,193,760
1,193,760
Harry L. Goldsmith . . . . . 154,500 309,000 N/A
9/28/2010 13,200 225.74 228.20 842,975
12/31/2010 13 3,544
846,519
Larry M. Roesel . . . . . . . . 117,000 234,000 N/A
9/28/2010 13,500 225.74 228.20 862,134
862,134
(1) Represents potential threshold, target and maximum incentive compensation for the 2011 fiscal year under the EICP
based on each officer’s salary on the date the 2011 fiscal year targets were approved. The amounts actually paid for the
2011 fiscal year are described in the “Non-Equity Incentive Plan Compensation” column in the Summary Compensation
Table. The “threshold” is the minimum payment level under the EICP which is 50% of the target amount. There is no
overall percentage maximum; however, awards paid to any individual pursuant to the EICP may not exceed $4 million.
See “Compensation Discussion and Analysis” at page 22 and the discussion following this table for more information on
the EICP.
(2) Unless otherwise noted, represents shares awarded pursuant to the Executive Stock Purchase Plan. See “Compensation
Discussion and Analysis” at page 22 and the discussion following this table for more information on the Executive Stock
Purchase Plan.
(3) Represents options awarded pursuant to the AutoZone, Inc. 2006 Stock Option Plan and the 2011 Equity Plan. See
“Compensation Discussion and Analysis” at page 22 and the discussion following this table for more information on
equity plans.
(4) Under the 2006 Stock Option Plan and the 2011 Equity Plan, stock option awards are made at the fair market value of
common stock as of the grant date, defined as the closing price on the trading day previous to the grant date in the 2006
Stock Option Plan and the closing price on the grant date in the 2011 Equity Plan.
(5) Represents a grant of performance restricted stock units pursuant to the 2011 Equity Plan. See “Compensation
Discussion and Analysis” on page 22 and the discussion following this table for more information about the 2011
36