Pottery Barn 2014 Annual Report Download - page 150

(5) Represents restricted stock units granted on April 16, 2012. The restricted stock units vest as follows:
(i) 50% of the units vested on April 16, 2014; and (ii) 50% of the units vest on April 16, 2016, 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 2012 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.
(6) 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 and a performance criterion of positive net cash flow provided by operating activities
(excluding any non-recurring charges) for fiscal 2011 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.
(7) Represents restricted stock units granted on July 30, 2012. The restricted stock units vest as follows: (i) 50%
of the units vested 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, 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.
(8) 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.
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 2014.
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 ............ 200,000 $7,608,000 392,998 $25,613,608
Julie P. Whalen ........... — — 41,465 $ 2,740,078
Sandra N. Stangl .......... — — 59,270 $ 3,794,674
Janet M. Hayes ............ 23,256 $ 590,847 75,978 $ 4,935,430
Patrick J. Connolly ......... 110,000 $5,182,000 31,487 $ 2,008,100
(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 and the applicable exercise price of the options multiplied by the number of
shares exercised.
(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 2014.
Nonqualified Deferred Compensation
None of our Named Executive Officers contributed to or received earnings from a company nonqualified
deferred compensation plan during fiscal 2014.
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