Pottery Barn 2005 Annual Report Download - page 110

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(10) Comprised of (i) premiums in the amount of $1,000 paid by us for term life insurance in excess of $50,000, (ii) our
matching contribution of $4,325 under our Associate Stock Incentive Plan, (iii) a $6,000 car allowance paid by us, and
(iv) a $830 executive medical supplement paid by us.
(11) Comprised of (i) premiums in the amount of $1,000 paid by us for term life insurance in excess of $50,000, (ii) our
matching contribution of $4,239 under our Associate Stock Incentive Plan, (iii) a $6,000 car allowance paid by us, and
(iv) a $2,500 executive medical supplement paid by us.
(12) Comprised of (i) premiums in the amount of $1,000 paid by us for term life insurance in excess of $50,000, (ii) our
matching contribution of $3,332 under our Associate Stock Incentive Plan, (iii) a $6,000 car allowance paid by us, and
(iv) a $1,198 executive medical supplement paid by us.
Option Grants in Fiscal 2005
This table sets forth certain information regarding all stock option grants made to the named executive officers
during fiscal 2005.
Individual Grants Potential Realized
Value at Assumed Annual
Rates of Stock Price
Appreciation for Option
Term(3)
Number of
Securities
Underlying
Options
Granted
Percentage of
Total Options
Granted to
Employees in
Fiscal Year(1)
Exercise or
Base Price
Per Share
Expiration
Date(2)Name 5% 10%
W. Howard Lester ............. 12,500 0.71% $38.84 5/27/2015 $ 305,328 $ 773,762
Edward A. Mueller ............ 100,000 5.70 41.50 7/14/2015 2,609,913 6,614,031
Laura J. Alber ................ 60,000 3.42 38.84 5/27/2015 1,465,576 3,714,057
Sharon L. McCollam ........... 50,000 2.85 38.84 5/27/2015 1,221,313 3,095,048
Patrick J. Connolly ............ 40,000 2.28 38.84 5/27/2015 977,051 2,476,038
(1) In fiscal 2005, we granted options to purchase 1,754,990 shares of our common stock to our employees.
(2) Stock options generally vest in equal annual installments over a five-year period.
(3) The 5% and 10% assumed rates of appreciation are required by the SEC and do not represent our estimate or
projection of our future stock price.
Aggregate Option Exercises in the Last Fiscal Year and Fiscal Year-End Option Values
This table sets forth information with respect to the named executive officers’ exercise of stock options during
fiscal 2005 and the fiscal year-end value of unexercised options held at the end of fiscal 2005.
Shares
Acquired on
Exercise
Value
Realized
Number of Securities
Underlying Unexercised
Options at Fiscal Year-End
Value of Unexercised
In-the-Money Options at Fiscal
Year-End(1)
Name Exercisable Unexercisable Exercisable Unexercisable
W. Howard Lester ......... 80,000 $2,642,400 1,482,500 42,500 $45,801,535 $ 643,750
Edward A. Mueller ......... — — 710,000 580,000 10,636,995 6,506,400
Laura J. Alber ............. 60,000 1,637,400 313,600 198,000 8,315,594 2,916,360
Sharon L. McCollam ....... 36,000 1,088,280 206,000 147,000 5,663,780 1,539,780
Patrick J. Connolly ......... — — 810,000 100,000 22,794,756 841,920
(1) The fiscal year-end values are based upon the difference between the closing price of our common stock on
the NYSE on January 27, 2006 ($40.62 per share) and the exercise price of the options.
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