Big Lots 2011 Annual Report Download - page 27

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Director Compensation Table for Fiscal 2011
The following table summarizes the compensation earned by each outside director for his or her Board service in
fiscal 2011.
Name
(a)
Fees Earned
or
Paid in Cash
($)(1)
(b)
Stock
Awards
($)(2)(3)
(c)
Option
Awards
($)(4)
(d)
Non-Equity
Incentive Plan
Compensation
($)
(e)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
(f)
All
Other
Compensation
($)(5)
(g)
Total
($)
(h)
Mr. Berger 100,250 95,000 — — — 10,000 205,250
Mr. Hayes 61,500 95,000 — — — 10,000 166,500
Mr. Kollat 110,250 95,000 — — — 10,000 215,250
Ms. Lauderback 58,250 95,000 — — — 10,000 163,250
Mr. Mallott 133,500 95,000 — — — 10,000 238,500
Mr. Solt 109,250 95,000 — — — 10,000 214,250
Mr. Tener 60,750 95,000 — — — 10,000 165,750
Mr. Tishkoff 112,250 95,000 — — — 10,000 217,250
(1) Amounts in this column include the additional fees paid to the outside directors for their increased time
commitment in fiscal 2011. The additional fees paid to each outside director were as follows: Mr. Berger
($45,000); Mr. Hayes ($3,500); Mr. Kollat ($45,000); Ms. Lauderback ($3,000); Mr. Mallott ($60,000);
Mr. Solt ($45,000); Mr. Tener ($3,500); and Mr. Tishkoff ($45,000).
(2) Amounts in this column reflect the aggregate grant date fair value of the restricted stock awards granted to
the outside directors in fiscal 2011 as computed in accordance with Financial Accounting Standards Board
Accounting Standards Codification Topic 718 (“ASC 718”), excluding the effect of any estimated forfeitures.
The full grant date fair value of the fiscal 2011 restricted stock award granted to each outside director, as
computed in accordance with ASC 718, was based on individual awards of 2,858 common shares at a per
common share value of $33.24 on the grant date (i.e., $95,000 per outside director). In accordance with ASC
718 and the 2005 LTIP, the per common share grant date value is the average of the opening price and the
closing price of our common shares on the NYSE on the grant date.
(3) As of January 28, 2012, each individual included in the table held 2,858 shares of restricted stock.
(4) 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 (“Director Stock Option Plan”). The Director Stock
Option Plan was terminated on May 30, 2008 and no stock option awards were granted to any outside
directors in fiscal 2011. As of January 28, 2012, each individual included in the table held stock options to
purchase the following number of common shares: Mr. Berger: 20,000; Mr. Hayes: 0; Mr. Kollat: 60,000;
Ms. Lauderback: 30,000; Mr. Mallott: 25,000; Mr. Solt: 4,000; Mr. Tener: 15,000; and Mr. Tishkoff: 4,000.
(5) Amounts in this column reflect payments made by us during fiscal 2011 to charitable organizations
nominated by the specified directors pursuant to the Big Lots, Inc. Non-Employee Director
Compensation Package.