Pottery Barn 2008 Annual Report Download - page 122

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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 2008:
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 ......... 200,000 $2,557,000 — —
Sharon L. McCollam ....... — — — —
Laura J. Alber ............ — — — —
Patrick J. Connolly ......... 200,000 $2,124,000 — —
David M. DeMattei ........ — — — —
Pension Benefits
None of our named executive officers received any pension benefits during fiscal 2008.
Nonqualified Deferred Compensation
The following table describes nonqualified deferred compensation to our named executive officers during
fiscal 2008:
Executive
Contributions in
Fiscal 2008 ($)
Registrant
Contributions in
Fiscal 2008 ($)
Aggregate
Earnings (Loss)
in Fiscal 2008 ($)
Aggregate
Withdrawals/
Distributions ($)
Aggregate Balance at
February 1, 2009 ($)
W. Howard Lester(1) . . — — $(238,669) — $284,901
Sharon L. McCollam . . . — — — — —
Laura J. Alber ........ — — — — —
Patrick J. Connolly .... — — — — —
David M. DeMattei .... — — — — —
(1) Executive Deferral Plan. Participation in the plan is limited to a group of select management and highly
compensated employees. Effective January 1, 2008, 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). Effective January 1, 2009, participants can defer up to 75% of their base salary
and up to 100% of their 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.
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