Pep Boys 2008 Annual Report Download - page 27

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21
Grants of Plan Based Awards
The following table shows (i) potential payouts under our short-term incentive program assuming specified pre-
established corporate objectives were achieved in fiscal 2008 and (ii) equity grants made during fiscal 2008. The
equity grants included customary annual grants made to Messrs. Odell, Cirelli, Fee and Webb on account of their
fiscal 2008 service and grants made to Mr. Arthur to induce him to join the Company.
Estimated Potential Payouts Under
Non-Equity Incentive Plan Awards(a)
Name
Grant
Date
Thres-
hold
($)
Target
($)
MAX
($)
CAP
($)
All
Other
Stock
Awards:
Number
of
Shares
of Stock
or Units
(#)
All
Other
Option
Awards:
Number
of
Securi-
ties
Underly-
ing
Options
(#)
Exercise
or Base
Price of
Option
Awards
($/Sh)
Grant
Date Fair
Value of
Stock and
Option
Awards
($)
(b)
Michael R. Odell 306,058 612,115 918,173 1,224,231
02/28/08
10,000 12.06 38,424
Raymond L. Arthur 187,500 375,000 562,500 750,000
05/01/08
100,000 9.095 292,810
05/01/08
25,000 228,250
Joseph A. Cirelli 67,505 135,009 202,514 270,018
02/28/08
2,000 12.06 7,685
02/28/08
6,000 70,920
Troy E. Fee 56,250 112,500 168,750 225,000
02/28/08
12,000 12.06 46,109
02/28/08
6,000 70,920
Scott A. Webb 90,000 180,000 270,000 360,000
02/28/08
20,000 12.06 76,848
02/28/08
15,000 177,300
Jeffrey C. Rachor(c) 02/28/08
150,000 12.06 576,360
02/28/08
101,522 1,199,990
(a) These columns reflect threshold, target, MAX and CAP amounts that were potentially payable under our
Annual Incentive Bonus Plan to our named executive officers if certain corporate targets pre-established by
our Human Resources Committee were achieved in fiscal 2008. See “Compensation Discussion and
Analysis” for a full discussion of our Annual Incentive Bonus Plan and “Summary Compensation Table”
for amounts actually earned in fiscal 2008. The potential payouts for Mr. Odell reflect a blended base
salary and blended percentage participation levels due to the fact that he served as an EVP, interim CEO
and CEO at different base salaries during fiscal 2008.
(b) Represents the grant-date fair value calculated under SFAS No. 123(R).
(c) Mr. Rachor resigned from the Company effective April 23, 2008 and, accordingly, had no potential payout
under our Annual Incentive Bonus Plan. Mr. Rachor’s option awards expired and stock awards were
forfeited in connection with his resignation.