Pottery Barn 2014 Annual Report Download - page 149
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Please find page 149 of the 2014 Pottery Barn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.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 ($)(1)
Equity Incentive Plan
Awards: Number of
Unearned Shares, Units or
Other Rights that have
not Vested (#)
Equity Incentive
Plan Awards:
Market or Payout Value of
Unearned Shares, Units
or Other Rights that have
not Vested ($)
Laura J. Alber ....... 47,946(2) $3,751,775 — —
— — 111,874(3) $8,754,141
98,481(4) $7,706,138 — —
80,173(5) $6,273,537 — —
33,505(6) $2,621,766 — —
Julie P. Whalen ...... 23,014(2) $1,800,846
— — 5,753(3) $ 450,172
18,993(4) $1,486,202 — —
21,375(7) $1,672,594 — —
5,010(5) $ 392,033 — —
1,523(8) $ 119,175 — —
Sandra N. Stangl ..... 47,307(2) $3,701,773 — —
— — 11,826(3) $ 925,385
35,172(4) $2,752,209 — —
22,548(5) $1,764,381 — —
9,138(6) $ 715,049 — —
Janet M. Hayes ...... 31,964(2) $2,501,183 — —
— — 7,991(3) $ 625,296
25,323(4) $1,981,525 — —
17,538(5) $1,372,349 — —
7,920(6) $ 619,740 — —
Patrick J. Connolly . . . 17,030(2) $1,332,598 — —
— — 4,257(3) $ 333,110
15,616(4) $1,221,952 — —
15,033(5) $1,176,332 — —
7,615(6) $ 595,874 — —
(1) Based on a stock price of $78.25, the closing price of our common stock on January 30, 2015, the last
business day of fiscal 2014.
(2) Represents restricted stock units granted on April 22, 2014. The restricted stock units vest as follows:
(i) 25% of the units vest on April 22, 2015; (ii) 25% of the units vest on April 22, 2016; (iii) 25% of the
units vest on April 22, 2017; and (iv) 25% of the units vest on April 22, 2018, each subject to continued
service and a performance criterion of positive net cash flow provided by operating activities (excluding any
non-recurring charges) for fiscal 2014 as provided on the company’s consolidated statements of cash flows,
which has been met. In addition, upon vesting, the executive receives a cash payment equal to dividends
declared between the grant date and the vesting date.
(3) Represents performance stock units granted on April 22, 2014. The performance stock units vest on
April 22, 2017, subject to continued service and achievement of performance criterion. The shares above
reflect a target payout of 100%. This award has a potential payout of 200% if the maximum performance
criterion is achieved and 50% if the threshold performance criterion is achieved.
(4) Represents restricted stock units granted on April 26, 2013. The restricted stock units vest as follows:
(i) 25% of the units vested on April 26, 2014; (ii) 25% of the units vest on April 26, 2015; (iii) 25% of the
units vest on April 26, 2016; and (iv) 25% of the units vest on April 26, 2017, each subject to continued
service and a performance criterion of positive net cash flow provided by operating activities (excluding any
non-recurring charges) for fiscal 2013 as provided on the company’s consolidated statements of cash flows,
which has been met. In addition, upon vesting, the executive receives a cash payment equal to dividends
declared between the grant date and the vesting date.
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