Bed, Bath and Beyond 2007 Annual Report Download - page 58

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BED BATH& BEYOND PROXY STATEMENT
56
STOCK OPTIONS AND RESTRICTED STOCK
Grants of Stock Options and Restricted Stock Awards for Fiscal 2007
The following table sets forth information with respect to stock options granted and restricted stock awarded during the
Company’s 2007 fiscal year to each of our named executive officers under the Company’s 2004 Incentive Compensation Plan (the
“2004 Plan”). The Company did not grant any non-equity incentive plan awards in the 2007 fiscal year.
All Other
All Other Option Awards:
Stock Awards: Number of Exercise or Closing Grant Date
Number of Shares Securities Base Price Market Price Fair Value
of Stock Underlying of Option on Date of Stock and
or Units (1) Options Awards of Grant Option Awards (2)
Name Grant Date (#) (#) ($/Sh) ($/Sh) ($)
Warren Eisenberg 5/10/07 58,373 100,000 $ 41.115 $ 40.67 $ 3,878,076
Leonard Feinstein 5/10/07 58,373 100,000 $ 41.115 $ 40.67 $ 3,878,076
Steven H. Temares 5/10/07 58,373 200,000 $ 41.115 $ 40.67 $ 5,356,146
Arthur Stark 5/10/07 24,323 25,000 $ 41.115 $ 40.67 $ 1,396,103
Eugene A. Castagna 5/10/07 18,242 25,000 $ 41.115 $ 40.67 $ 1,146,082
(1) Grants of restricted stock, when converted from dollars to shares, are rounded up to the nearest whole share.
(2) Pursuant to the SEC rules, stock option awards are valued in accordance with SFAS No. 123R. See footnote 2 to the Summary
Compensation Table in this Proxy Statement.
Vesting of restricted stock awards depends on (i) the Company’s achievement of a performance-based test for the fiscal year of
the grant, and (ii) assuming the performance-based test is met, time vesting, subject in general to the executive remaining in the
Company’s employ on specific vesting dates. The performance-based test for fiscal 2007 was met. The performance test is designed
to meet the standard for performance-based compensation under the Internal Revenue Code, so that restricted stock awards will
be deductible compensation for certain executives if their annual compensation exceeds $1,000,000. The stock awards granted in
fiscal 2007 to Messrs. Eisenberg, Feinstein and Temares time vest in five equal installments starting on the first anniversary of the
grant date. The stock awards granted in fiscal 2007 to Messrs. Stark and Castagna time vest in five equal installments starting on
the third anniversary of the grant date.
The options granted in fiscal 2007 to Messrs. Eisenberg and Feinstein vest in three equal installments starting on the first anniver-
sary of the grant date. The options granted in fiscal 2007 to Mr. Temares vest in five equal installments starting on the first
anniversary of the grant date. The options granted in fiscal 2007 to Messrs. Stark and Castagna vest in five equal installments
starting on the third anniversary of the grant date. At the time of grant or thereafter, option awards and underlying shares of
common stock, are not transferable other than by will or the laws of descent and distribution, except as the Compensation
Committee may permit.