Bed, Bath and Beyond 2008 Annual Report Download - page 70

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BED BATH & BEYOND PROXY STATEMENT
68
STOCK OPTIONS AND RESTRICTED STOCK
Grants of Stock Options and Restricted Stock Awards for Fiscal 2008
The following table sets forth information with respect to stock options granted and restricted stock awarded during the
Company’s 2008 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 2008 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 5/12/08 60,846 81,367 $ 32.87 $ 33.51 $ 3,000,008
Leonard Feinstein 5/12/08 60,846 81,367 $ 32.87 $ 33.51 $ 3,000,008
Steven H. Temares 5/12/08 73,015 374,288 $ 32.87 $ 33.51 $ 7,000,003
Arthur Stark 5/12/08 30,423 41,029 $ 32.87 $ 33.51 $ 1,590,001
Eugene A. Castagna 5/12/08 22,817 41,029 $ 32.87 $ 33.51 $ 1,339,992
(1) Number of shares of restricted stock when converted from dollars to shares, which number is 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 2008 was met. The performance test is designed
to meet the standard for performance-based compensation under the 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 2008 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 2008 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 2008 to Messrs. Eisenberg and Feinstein vest in three equal installments starting on the first
anniversary of the grant date. The options granted in fiscal 2008 to Mr. Temares vest in five equal installments starting on the
first anniversaryof the grant date. The options granted in fiscal 2008 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.