Pottery Barn 2007 Annual Report Download - page 119

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Option Exercises and Stock Vested
The following table sets forth information regarding exercises and vesting of equity awards held by our named
executive officers during fiscal 2007:
Option Awards Stock Awards
Number of Shares
Acquired on Exercise (#)
Value Realized on
Exercise ($)
Number of Shares
Acquired on Vesting (#)
Value Realized on
Vesting ($)
W. Howard Lester .......... 480,000 $12,681,600 — —
Sharon L. McCollam ........ — — — —
Laura J. Alber ............. — — — —
Patrick J. Connolly ......... 48,000 $ 1,268,160 — —
David M. DeMattei ......... — — — —
Dean Miller ............... 16,400 $ 256,103 — —
Pension Benefits
None of our named executive officers received any pension benefits during fiscal 2007.
Nonqualified Deferred Compensation
The following table describes nonqualified deferred compensation to our named executive officers during fiscal
2007:
Executive
Contributions in
Fiscal 2007 ($)
Registrant
Contributions in
Fiscal 2007 ($)
Aggregate
Earnings in
Fiscal 2007 ($)
Aggregate
Withdrawals/
Distributions ($)
Aggregate Balance at
January 31, 2008 ($)
W. Howard Lester(1) ..... — — $55,279 — $523,570
Sharon L. McCollam ..... — — — — —
Laura J. Alber ........... — — — — —
Patrick J. Connolly ....... — — — — —
David M. DeMattei ....... — — — — —
Dean Miller(1) .......... $74,400 — $ 7,876 — $555,872
(1) Executive Deferral Plan. Participation in the plan is limited to a group of select management and highly
compensated employees. Participants can defer up to 100% of their base salary and/or bonus, net of
applicable employment and withholding taxes and subject to a minimum deferral requirement (5% of
salary). Participant accounts are not put aside in trust or any other funding vehicle and the obligations of the
company to pay are simply an unsecured promise to pay in the future. Although no investments actually are
held in the plan, participant accounts track investment funds chosen by the participant from a specified list,
and accounts are adjusted for earnings that the investments would have accrued had the investment fund
actually been held by such participant accounts. Accounts are generally distributed at termination of
employment, although a participant can make an election at the time of deferral to have the distribution
occur at an earlier date. A choice of quarterly installments over 5, 10 or 15 years, or a single lump sum, is
available for terminations due to retirement or disability, as defined in the plan, if the account is over
$25,000. All other distributions are paid as a single lump sum. The commencement of payments can be
postponed, subject to advance election and minimum deferral requirements. At death, the plan may provide
a death benefit funded by a life insurance policy, in addition to payment of the participant’s account.
Employment Contracts and Termination of Employment and Change-of-Control Arrangements
Laura J. Alber
We entered into an employment agreement with Laura J. Alber, currently our President, effective as of March 19,
2001. The initial term of the agreement expired March 19, 2004 and, per its terms, automatically extends for
29
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