Pottery Barn 2011 Annual Report Download - page 132

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based on a stock price of $35.12, the closing price of our common stock on January 27, 2012, the last
business day of fiscal 2011.
(5) Based on a monthly health insurance premium of $458 to be paid by the company for 18 months, which is
the period provided under COBRA.
(6) Based on a monthly payment of $3,000 to be paid by the company for 12 months in lieu of continued
employment benefits.
(7) Value of outplacement services based on current estimate of costs for these services.
Patrick J. Connolly
The following table describes the payments and/or benefits which would have been owed by us to Mr. Connolly
as of January 29, 2012 if his employment had been terminated in various situations.
Compensation and Benefits
For Good
Reason
Involuntary
Without Cause
Change-of-
Control Death Disability
Base Salary(1) ................................ — — $1,250,000 — —
Bonus Payment(2) ............................. — — $ 866,667 — —
Equity Awards(3) ............................. — — $2,538,826 — —
Health Care Benefits(4) ......................... — — $ 36,000 — —
(1) Based on Mr. Connolly’s base salary as of January 29, 2012.
(2) Represents 200% of the average annual bonus received by Mr. Connolly in the 36 month period prior to
January 29, 2012.
(3) Represents the sum of (i) $1,424,397 for acceleration of vesting of 40,558 restricted stock units and
(ii) $1,114,429 for acceleration of vesting of 89,346 shares underlying outstanding option awards. Value is
based on a stock price of $35.12, the closing price of our common stock on January 27, 2012, the last
business day of fiscal 2011.
(4) Based on a monthly payment of $3,000 to be paid by the company for 12 months in lieu of continued
employment benefits.
Richard Harvey
The following table describes the payments and/or benefits which would have been owed by us to Mr. Harvey as
of January 29, 2012 if his employment had been terminated in various situations.
Compensation and Benefits
For Good
Reason
Involuntary
Without Cause
Change-of-
Control Death Disability
Base Salary(1) ................................ — — $1,350,000 — —
Bonus Payment(2) ............................. — — $ 866,667 — —
Equity Awards(3) ............................. — — $2,584,924 — —
Health Care Benefits(4) ......................... — — $ 36,000 — —
(1) Based on Mr. Harvey’s base salary as of January 29, 2012.
(2) Represents 200% of the average annual bonus received by Mr. Harvey in the 36 month period prior to
January 29, 2012.
(3) Represents the sum of (i) $1,920,924 for acceleration of vesting of 54,696 restricted stock units and
(ii) $664,000 for acceleration of vesting of 70,700 shares underlying outstanding option awards. Value is
based on a stock price of $35.12, the closing price of our common stock on January 27, 2012, the last
business day of fiscal 2011.
36