Big Lots 2008 Annual Report Download - page 25

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(1) Mr. Hayes joined the Board on December 5, 2008, and Mr. Berman resigned from the Board on December 5, 2008.
(2) Amounts in this column reflect the dollar amount recognized for financial statement reporting purposes for
fiscal 2008 in accordance with Financial Accounting Standards Board Statement No. 123(R) (“FAS 123R”),
disregarding any estimate of forfeitures related to service-based vesting conditions, in connection with the
restricted stock awards granted to the outside directors in fiscal 2008. See Note 7 (Share-Based Plans) to
the consolidated financial statements and the Critical Accounting Policies and Estimates – Share-Based
Compensation section of Management’s Discussion and Analysis of Financial Condition and Results of
Operations (“MD&A”) in our Annual Report on Form 10-K for fiscal 2008 (“Form 10-K”) regarding the
assumptions underlying the valuation of equity awards. The full grant date fair value of the fiscal 2008
restricted stock award granted to each nominee for director (excluding Mr. Hayes who was not a director
when the award was granted in June 2008), computed in accordance with FAS 123R, was $74,981. In
connection with his resignation, Mr. Berman forfeited the restricted stock award granted to him in fiscal 2008
(i.e., 2,425 common shares forfeited).
(3) As of January 31, 2009, each individual included in the table held the following number of shares of
restricted stock: Mr. Berger: 2,425; Mr. Berman: 0; Mr. Hayes: 0; Mr. Kollat: 2,425; Ms. Lauderback: 2,425;
Mr. Mallott: 2,425; Mr. Solt: 2,425; Mr. Tener: 2,425; and Mr. Tishkoff: 2,425.
(4) Amounts in this column reflect the dollar amount recognized for financial statement reporting purposes for
fiscal 2008 in accordance with FAS 123R, disregarding any estimate of forfeitures related to service-based
vesting conditions, in connection with stock option awards granted to the outside directors prior to fiscal
2008. See Note 7 (Share-Based Plans) to the consolidated financial statements and the Critical Accounting
Policies and Estimates – Share-Based Compensation section of MD&A in our Form 10-K regarding the
assumptions underlying the valuation of equity awards. Prior to fiscal 2008, the outside directors received
an annual stock option award under the Big Lots, Inc. Amended and Restated Director Stock Option Plan
(“DSO Plan”). The DSO Plan was terminated on May 30, 2008 and no stock option awards were granted to
any outside directors in fiscal 2008. Thus, the amounts in this column reflect option awards granted prior to
fiscal 2008. In connection with his resignation, Mr. Berman forfeited the then-unvested portion of the stock
options granted to him in fiscal 2006 (i.e., option to purchase 4,000 common shares forfeited) and fiscal 2007
(i.e., option to purchase 8,000 common shares forfeited). The amount reflected in this column is greater for
Mr. Kollat than each of the other outside directors because: (i) the DSO Plan provided that unvested stock
options vest upon reaching the date of our annual meeting of shareholders following the director’s 70th
birthday while serving as an outside director; (ii) Mr. Kollat turned age 70 prior to the Annual Meeting; and
(iii) FAS 123R requires us to amortize the related stock option expense in anticipation of the accelerated
vesting event (i.e., amortize the FAS 123R cost of the stock option award over a shorter period of time than
would be used if the vesting of the stock option award was not accelerated).
(5) As of January 31, 2009, each individual included in the table held stock options to purchase the following
number of common shares: Mr. Berger: 20,000; Mr. Berman: 10,000; Mr. Hayes: 0; Mr. Kollat: 75,000;
Ms. Lauderback: 50,000; Mr. Mallott: 39,500; Mr. Solt: 36,000; Mr. Tener: 30,000; and Mr. Tishkoff: 24,000.
(6) Amounts in this column reflect payments made by us during fiscal 2008 to charitable organizations nominated
by the specified directors pursuant to the Big Lots, Inc. Non-Employee Director Compensation Package.