Pottery Barn 2009 Annual Report Download - page 133

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 2009:
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 ......... 70,500 $ 803,989 — —
Sharon L. McCollam ....... 138,000 $1,655,614 75,000 $1,423,500
Laura J. Alber ............ 150,000 $ 774,795 75,000 $1,423,500
Patrick J. Connolly ......... 400,000 $3,006,341 — —
Richard Harvey ........... 25,000 $ 331,500 20,000 $ 379,600
Pension Benefits
None of our named executive officers received any pension benefits during fiscal 2009.
Nonqualified Deferred Compensation
The following table describes nonqualified deferred compensation to our named executive officers during
fiscal 2009:
Executive
Contributions in
Fiscal 2009 ($)
Registrant
Contributions in
Fiscal 2009 ($)
Aggregate
Earnings (Loss)
in Fiscal 2009 ($)
Aggregate
Withdrawals/
Distributions ($)
Aggregate Balance at
January 31, 2010 ($)
W. Howard Lester(1) .... — — $84,256 — $389,129
Sharon L. McCollam .... — — — — —
Laura J. Alber .......... — — — — —
Patrick J. Connolly ...... — — — — —
Richard Harvey ........ — — — — —
(1) Executive Deferral Plan. Participation in the plan is limited to a group of select management and highly
compensated employees. In fiscal 2009, participants were able to 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). As of January 1, 2010, we have suspended employee salary and bonus
deferrals into the plan. We will continue to evaluate this benefit program in the future to ensure that it is
providing the best value to our employees and the company. 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 or later 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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