Big Lots 2011 Annual Report Download - page 62

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“gross-up” Mr. Fishman for any income tax obligation attributed to his non-business use of corporate aircraft.
The benefit of non-business use of corporate aircraft, which was approved by the Compensation Committee for
fiscal 2011 as part of Mr. Fishman’s overall compensation package, is described in the “Overview of our Executive
Compensation Program – Elements of In-Service Compensation – Personal Benefits/Perquisites” section of the
CD&A.
Name
Reimbursement
of Taxes
($)
Big Lots
Contributions
to Defined
Contribution
Plans
($)
Big Lots Paid
Healthcare
Costs under
Executive
Benefit Plan
($)
Big Lots
Paid Life
Insurance
Premiums
($)
Big Lots
Paid
Long-Term
Disability
Insurance
Premiums
($)
Use of
Automobile
or
Automobile
Allowance
($)
Non-Business
Aircraft
Usage
($)
Mr. Fishman 5,853 — 4,995 1,380 2,940 21,475 208,019
Mr. Cooper 2,848 9,800 4,823 1,108 1,105 13,200 —
Ms. Bachmann 4,151 9,800 4,523 1,108 1,105 13,200 —
Mr. Haubiel 729 9,800 605 911 911 13,200 —
Mr. Martin 13,007 9,800 25,881 1,191 1,194 13,200 —
(6) We purchase tickets to entertainment and sporting venues for the primary purpose of allowing employees to
use such tickets in furtherance of our business. Because we incur no incremental cost if a named executive
officer uses such tickets for purposes other than our business, such tickets are not included in the amounts
included in this column.
(7) As a percentage of their total compensation in fiscal 2011, fiscal 2010 and fiscal 2009, the salary and
non-equity incentive plan compensation (i.e., bonuses earned under the 2006 Bonus Plan) for each named
executive officer was as follows:
Name
Fiscal 2011 Fiscal 2010 Fiscal 2009
Salary
(%)
Non-Equity
Incentive Plan
Compensation
(%) Salary (%)
Non-Equity
Incentive Plan
Compensation
(%) Salary (%)
Non-Equity
Incentive Plan
Compensation
(%)
Mr. Fishman 11.7 — 10.2 20.7 12.3 24.5
Mr. Cooper 22.3 — 18.9 19.0 25.5 30.5
Ms. Bachmann 22.3 — 18.8 19.0 25.3 30.4
Mr. Haubiel 19.1 — 18.6 18.8 — —
Mr. Martin 26.3 — 24.6 24.5 30.0 36.0
(8) Mr. Haubiel was not a named executive officer in fiscal 2009.
(9) Mr. Martin served as our Executive Vice President, Merchandising until assuming his current position on
April 17, 2011.
Bonus and Equity Plans
The amounts reported in the Summary Compensation Table above include amounts earned under the 2006 Bonus Plan
and the 2005 LTIP. Below is a description of the material terms of each plan and the awards made under those plans to
our named executive officers, as reflected in the Grants of Plan-Based Awards in Fiscal 2011 table that follows.
Big Lots 2006 Bonus Plan
The 2006 Bonus Plan provides for cash compensation, which is intended to qualify as “qualified performance-
based compensation” under Section 162(m), to be paid annually when we meet or exceed pre-established
minimum corporate performance amounts under one or more financial measures approved by the Compensation
Committee and other outside directors at the start of the fiscal year. Whether we will achieve the minimum
corporate performance amounts is substantially uncertain at the time the corporate performance amounts and