Pottery Barn 2007 Annual Report Download - page 121

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(3) Maximum bonus payable under the 2001 Incentive Bonus Plan for fiscal 2007. See “Grants of Plan-Based
Awards” table on page 25.
(4) Acceleration of vesting of 150,000 restricted stock units. Value is based on a stock price of $27.52, the
closing price of our common stock on February 1, 2008, the last business day of fiscal 2007.
(5) Based on a monthly health insurance premium of $465 to be paid by the company for 18 months, which is
the period provided under COBRA.
(6) Value of outplacement services based on current estimate of costs for these services.
Restricted Stock Unit Grants
Ms. Alber, Ms. McCollam and Mr. DeMattei each received a grant of 150,000 restricted stock units in fiscal
2005. Each of these executives will receive accelerated vesting of such awards in the event of a change of
control. These executive officers will also have such awards vest in full upon a termination due to their death,
disability or retirement after attaining age 55 and working with us for at least 10 years. Based on a stock price of
$27.52, the closing price of our common stock on February 1, 2008, each of these awards has an estimated value
of $4,128,000.
Mr. Miller received a grant of 40,000 restricted stock units in fiscal 2005. He will receive accelerated vesting of
such awards in the event of a change of control. Mr. Miller will also have such award vest in full upon a
termination due to his death, disability or retirement after attaining age 55 and working with us for at least 10
years. Based on a stock price of $27.52, the closing price of our common stock on February 1, 2008, this award
has an estimated value of $1,100,800.
W. Howard Lester SSAR Award
Mr. Lester was granted a stock-settled stock appreciation right, or SSAR, for 400,000 shares of the company’s
common stock on January 12, 2007 in connection with his appointment as Chief Executive Officer. The SSAR
will vest on September 12, 2008. If Mr. Lester ceases service due to death or disability or upon a change of
control, the award will vest in full.
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