Best Buy 2009 Annual Report Download - page 45

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Grants of Plan-Based Awards
The table below summarizes grants under our long-term incentive programs to each of our named executive officers
during fiscal 2009:
All Other All Other
Stock Option
Awards: Awards: Exercise
Estimated Future Payouts Estimated Future Payouts Number Number of or Base
Under Non-Equity Under Equity of Shares Securities Price of
Incentive Plan Awards Incentive Plan Awards of Stock Underlying Option
Grant Grant Date Threshold Target Maximum Threshold Target Maximum or Units Options(2) Awards(2)
Name Date Fair Value(1) ($) ($) ($) (#) (#) (#) (#) (#) ($/Sh)
Bradbury H. — $ — — — — — — — — — $ —
Anderson(3)
James L. 4/18/2008(4) 876,600 20,000
Muehlbauer 8/5/2008(5) 4,119,000 75,000 100,000 250,000
10/31/2008 862,400 80,000 26.88
Brian J. Dunn 8/5/2008(5) 7,826,100 142,500 190,000 475,000
10/31/2008 1,487,640 138,000 26.88
Robert A. Willett 8/5/2008(5) 7,826,100 142,500 190,000 475,000
10/31/2008 1,191,190 110,500 26.88
Shari L. Ballard 8/5/2008(5) 3,408,473 62,063 82,750 206,875
10/31/2008 714,175 66,250 26.88
David J. 8/5/2008(5) 1,112,130 20,250 27,000 67,500
Morrish(6) 10/31/2008 431,200 40,000 26.88
(1) These amounts reflect the aggregate value of the award on the grant date determined in accordance with SFAS No. 123(R).
(2) Non-qualified stock options that have a term of 10 years and become exercisable over a four-year period at the rate of 25% per year, beginning one
year from the grant date. The option exercise price is equal to the closing price of our common stock on the grant date, as quoted on the NYSE. The
stock option awards are described in greater detail in Long-Term Incentive beginning on page 37.
(3) At his request, Mr. Anderson did not receive any LTIP awards during fiscal 2009.
(4) Time-based restricted stock award which vested 25% on the grant date, and will vest an additional 25% on each of the next three anniversaries of the
grant date, provided the executive has been continually employed with us through those dates.
(5) Performance-based restricted stock award that will be earned depending on the level of achievement of performance goals established for the
following metrics: (i) comparable store sales; (ii) profit growth; and (iii) revenue growth. The earned portion, if any, of the first 50% of the award, if
any, is scheduled to vest by February 26, 2011, with the remaining 50% of the award, if any, scheduled to vest by March 3, 2012. The award and
related performance targets are described in greater detail in Enterprise Leadership Long-Term Incentive beginning on page 37.
(6) All plan-based awards granted to Mr. Morrish during fiscal 2009 were irrevocably forfeited when he terminated employment with us on February 28,
2009.
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