Pottery Barn 2008 Annual Report Download - page 121

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(3) Stock options vest at the rate of 20% of the total number of shares subject to the option per year, with
remaining vesting dates of 5/27/2009 and 5/27/2010.
(4) Stock options vest at the rate of 20% of the total number of shares subject to the option per year, with a
remaining vesting date of 6/30/2009.
(5) Stock-settled stock appreciation rights vest at the rate of 20% of the total number of shares subject to the
stock-settled stock appreciation rights per year, with vesting dates of 3/27/2009, 3/27/2010, 3/27/2011 and
3/27/2012.
(6) Stock-settled stock appreciation rights vest at the rate of 20% of the total number of shares subject to the
stock-settled stock appreciation rights per year, with remaining vesting dates of 9/12/2009, 9/12/2010 and
9/12/2011.
(7) Stock-settled stock appreciation rights vest at the rate of 20% of the total number of shares subject to the
stock-settled stock appreciation rights per year, with remaining vesting dates of 3/15/2009, 3/15/2010 and
3/15/2011.
Stock Awards
Number of Shares or
Units of Stock that
have not Vested (#)
Market Value of
Shares or Units of
Stock that have
not Vested ($)(1)
Equity Incentive Plan
Awards: Number of
Unearned Shares, Units or
Other Rights that have
not Vested (#)
Equity Incentive
Plan Awards:
Market or Payout Value of
Unearned Shares, Units
or Other Rights that have
not Vested ($)
W. Howard Lester ........ 35,195(2) $ 278,744 — —
Sharon L. McCollam ...... 17,579(2)
150,000(3)
$ 139,226
$1,188,000 — —
Laura J. Alber ........... 17,579(2)
150,000(3)
$ 139,226
$1,188,000 — —
Patrick J. Connolly ....... 14,078(2) $ 111,498 — —
David M. DeMattei ....... 17,579(2)
150,000(3)
$ 139,226
$1,188,000 — —
(1) Based on a stock price of $7.92, the closing price of our common stock on January 30, 2009, the last
business day of fiscal 2008.
(2) Includes grants of restricted stock units on May 2, 2008. The restricted stock units vest in full four years
following the date of grant on May 2, 2012 subject to continued service. In addition, upon vesting the
executive receives a cash payment equal to dividends declared between the grant date and the vesting date.
(3) Includes grants of restricted stock units on January 6, 2006. The restricted stock units vest in two equal
annual installments on January 31, 2010 and January 30, 2011. Ms. McCollam, Ms. Alber and Mr. DeMattei
will receive accelerated vesting of any restricted stock units held by them in the event of a change of
control. These awards will also vest in full upon the executive officer’s termination due to their death,
disability or retirement after attaining age 55 and working with us for 10 years. In October 2008, these
awards were modified to remove the performance criteria. As a result, these awards are no longer
performance-based. See footnote 6 to the Summary Compensation Table on page 19.
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