Pottery Barn 2009 Annual Report Download - page 132

(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 March 27, 2010, March 27, 2011 and
March 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 September 12, 2010 and
September 12, 2011.
(7) 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 May 27, 2010.
(8) 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 March 15, 2010 and
March 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) $ 668,001 — —
249,501(3) $4,735,529
Sharon L. McCollam ....... 17,579(4) $ 333,649 — —
75,000(5) $1,423,500
Laura J. Alber ............ 17,579(4) $ 333,649 — —
75,000(5) $1,423,500
Patrick J. Connolly ........ 14,078(4) $ 267,200 — —
Richard Harvey ........... 10,558(4) $ 200,391 — —
20,000(6) $ 379,600
12,524(7) $ 237,706
(1) Based on a stock price of $18.98, the closing price of our common stock on January 29, 2010, the last
business day of fiscal 2009.
(2) Represents restricted stock units granted 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, with accelerated vesting upon
Mr. Lester’s retirement in May 2010. In addition, upon vesting, the executive receives a cash payment equal
to dividends declared between the grant date and the vesting date.
(3) Represents restricted stock units granted on January 25, 2010 that will vest upon Mr. Lester’s retirement.
(4) Represents restricted stock units granted 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.
(5) Represents restricted stock units granted on January 6, 2006. The restricted stock units vest in full on
January 30, 2011. Ms. McCollam and Ms. Alber 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. On October 28, 2008, these awards were modified to remove the performance-based vesting
criteria. As a result, these awards are no longer performance-based. See footnote 10 to the Summary
Compensation Table on page 34.
(6) Represents restricted stock units granted on January 6, 2006 and September 12, 2006. The restricted stock
units vest in full on January 30, 2011.
(7) Represents restricted stock units granted on April 10, 2009 in connection with the Williams-Sonoma, Inc.
Equity Award Exchange. The restricted stock units vest as follows: (i) 5,685 units vest on April 10, 2010,
(ii) 4,151 units vest on April 10, 2011 and (iii) 2,688 units vest on April 10, 2012. Please see the “Grants of
Plan-Based Awards” table on page 36 for further discussion about these restricted stock unit grants.
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