Pottery Barn 2013 Annual Report Download - page 138

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positive net cash flow provided by operating activities (excluding any non-recurring charges) for fiscal 2010
as provided on the company’s consolidated statements of cash flows. In addition, upon vesting, the
executive receives a cash payment equal to dividends declared between the grant date and the vesting date.
(6) Represents restricted stock units granted on July 30, 2012. The restricted stock units vest as follows: (i) 50%
of the units vest on July 30, 2014 and (ii) 50% of the units vest on July 30, 2016, each subject to continued
service and a performance criterion of positive net cash flow provided by operating activities (excluding any
non-recurring charges) in the last two fiscal quarters of fiscal 2012 as provided on the company’s
consolidated statements of cash flows. In addition, upon vesting, the executive receives a cash payment
equal to dividends declared between the grant date and the vesting date.
(7) Represents restricted stock units granted on April 5, 2011. The restricted stock units vest as follows: (i) 50%
of the units vested on April 5, 2013 and (ii) 50% of the units vest on April 5, 2015, each 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.
(8) Represents restricted stock units granted on March 25, 2010. The restricted stock units vest in full four years
following the date of grant on March 25, 2014 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.
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 2013.
Option Awards Stock Awards
Number of Shares
Acquired on Exercise (#)
Value Realized on
Exercise ($)(1)
Number of Shares
Acquired on Vesting (#)
Value Realized on
Vesting ($)(2)
Laura J. Alber ............. 307,500 $8,083,650 33,505 $1,698,368
Julie P. Whalen ............ 15,000 $ 629,700 1,522 $ 77,150
Sandra N. Stangl ........... 22,500 $ 773,150 9,137 $ 463,155
Janet M. Hayes ............ — $ — 7,920 $ 401,465
Patrick J. Connolly ......... — $ — 7,615 $ 386,004
(1) The value realized upon exercise is calculated as the difference between the closing price of our stock on the
day prior to the exercise date multiplied by the number of shares exercised and the applicable exercise price
of the options.
(2) The value realized upon vesting is calculated as the closing price of our stock on the day prior to the vesting
date multiplied by the number of units vested.
Pension Benefits
None of our Named Executive Officers received any pension benefits during fiscal 2013.
Nonqualified Deferred Compensation
None of our Named Executive Officers contributed to or received earnings from a company nonqualified
deferred compensation plan during fiscal 2013.
Employment Contracts and Termination of Employment and Change-of-Control Arrangements
We have entered into a management retention agreement with each of our Named Executive Officers. The
retention agreement with each of Ms. Whalen, Mr. Connolly, Ms. Hayes and Ms. Stangl has an initial two-year
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