Pottery Barn 2008 Annual Report Download - page 106

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Non-Employee Director Compensation During Fiscal 2008
The following table shows the compensation paid to our non-employee directors during fiscal 2008:
Fees Earned
or Paid in
Cash ($)
Stock
Awards ($)(1)
Option Awards
($)(2)
Non-Stock
Incentive Plan
Compensation
($)
Change in
Pension Value
and
Nonqualified
Deferred
Compensation
Earnings
All Other
Compensation
($)(3)(4) Total ($)
Adrian D.P. Bellamy — $56,208(5) $21,856(6) — — $10,323(7)(8) $ 88,387
Adrian T. Dillon .... — $63,568(9) $25,094(10) — — $ 4,547(11)(12) $ 93,209
Anthony A. Greener . — $52,708(13) $21,856(14) — — $ 2,416(15)(16) $ 76,980
Ted W. Hall ....... — $68,083(17) $41,588(18) — — $12,729(19)(20) $122,400
Michael R. Lynch . . — $56,208(21) $21,856(22) — — $11,425(23)(24) $ 89,489
Richard T.
Robertson ....... — $51,267(25) $20,237(26) — — $4,096(27)(28) $ 75,600
David B. Zenoff .... — $51,267(29) $20,237(30) — — $5,342(31)(32) $ 76,846
(1) Based on the compensation cost recognized in fiscal 2008 for financial statement reporting purposes as determined
pursuant to Statement of Financial Accounting Standards No. 123 (Revised) or SFAS 123(R), disregarding forfeiture
assumptions. The fair market value is based on the closing price of our stock on the day prior to the grant date
multiplied by the number of awards issued.
(2) Based on the compensation cost recognized in fiscal 2008 for financial statement reporting purposes as determined
pursuant to SFAS 123(R), disregarding forfeiture assumptions. The fair market value assumptions used in the
calculation of these amounts are included in Note I to our Consolidated Financial Statements, which is included in our
Annual Report on Form 10-K for the fiscal year ended February 1, 2009. All compensation cost reported in this
column pertains to stock-settled stock appreciation rights granted during fiscal 2007, as no such awards were granted
during fiscal 2008.
(3) Includes taxable value of discount on merchandise.
(4) Includes dividend equivalent payments made with respect to outstanding stock unit awards.
(5) Fiscal 2008 expense associated with (i) a restricted stock unit award of 8,508 shares of common stock made on
June 11, 2008, as modified on October 28, 2008 to remove a performance-based vesting criterion, with a fair value as
of the modification date of $9.44 per share for an aggregate modification date fair value of $80,316, disregarding
forfeiture assumptions and (ii) a restricted stock unit award of 2,300 shares of common stock made on May 16, 2007
with a fair value as of the grant date of $34.13 per share for an aggregate grant date fair value of $78,499, disregarding
forfeiture assumptions.
(6) Fiscal 2008 expense associated with a stock-settled stock appreciation right award of 6,750 shares of common stock
made on May 16, 2007 at an exercise price of $34.13 per share, with a fair value as of the grant date of $11.51 per
share for an aggregate grant date fair value of $77,693, disregarding forfeiture assumptions.
(7) Includes taxable value of discount on merchandise of $7,741.
(8) Includes dividend equivalent payments made with respect to outstanding stock unit award of $2,582.
(9) Fiscal 2008 expense associated with (i) a restricted stock unit award of 9,625 shares of common stock made on
June 11, 2008, as modified on October 28, 2008 to remove a performance-based vesting criterion, with a fair value as
of the modification date of $9.44 per share for an aggregate modification date fair value of $90,860, disregarding
forfeiture assumptions and (ii) a restricted stock unit award of 2,600 shares of common stock made on May 16, 2007
with a fair value as of the grant date of $34.13 per share for an aggregate grant date fair value of $88,738, disregarding
forfeiture assumptions.
(10) Fiscal 2008 expense associated with a stock-settled stock appreciation right award of 7,750 shares of common stock
made on May 16, 2007 at an exercise price of $34.13 per share, with a fair value as of the grant date of $11.51 per
share for an aggregate grant date fair value of $89,203, disregarding forfeiture assumptions.
(11) Includes taxable value of discount on merchandise of $1,626.
(12) Includes dividend equivalent payments made with respect to an outstanding restricted stock unit award of $2,921.
(13) Fiscal 2008 expense associated with (i) a restricted stock unit award of 7,755 shares of common stock made on
June 11, 2008, as modified on October 28, 2008 to remove a performance-based vesting criterion, with a fair value as
of the modification date of $9.44 per share for an aggregate modification date fair value of $73,207, disregarding
forfeiture assumptions and (ii) a restricted stock unit award of 2,250 shares of common stock made on May 16, 2007
with a fair value as of the grant date of $34.13 per share for an aggregate grant date fair value of $76,793, disregarding
forfeiture assumptions.
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