AutoZone 2013 Annual Report Download - page 47

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Proxy
The aggregate number of shares of AutoZone common stock available for equity grants pursuant to the
2011 Equity Plan will be reduced by two shares for every share delivered in settlement of an award other than
(i) a stock option, (ii) a stock appreciation right or (iii) any other award for which the holder pays the intrinsic
value existing as of the date of grant (such awards, “Full Value Awards”). To the extent that any award other
than a Full Value Award is forfeited, expires or is settled in cash without the delivery of shares to the holder,
then any shares subject to the award will again be available for the grant of an award pursuant to the 2011
Equity Plan; if such forfeited, expired or cash-settled award is a Full Value Award, then the number of shares
available under the 2011 Equity Plan will be increased by two shares for each share subject to the award that is
forfeited, expired or cash-settled. However, shares tendered or withheld in payment of the exercise price of an
option or in satisfaction of any tax withholding obligations with respect to an award, shares subject to a stock
appreciation right that are not issued in connection with the stock settlement of the stock appreciation right on
exercise thereof, and shares purchased on the open market with the cash proceeds from the exercise of options,
will not again be available for the grant of an award pursuant to the 2011 Equity Plan. Any shares of restricted
stock repurchased by AutoZone at the same price paid by the participant, so that such shares are returned to
AutoZone, will again be available for awards granted pursuant to the 2011 Equity Plan. The payment of
dividend equivalents in cash in conjunction with any outstanding awards will not be counted against the shares
available for issuance under the 2011 Equity Plan.
37