Staples 2004 Annual Report Download - page 21

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shares under written guidelines established by the Fidelity Funds’ Boards of Trustees. Fidelity Management Trust
Company (‘‘FMTC’’), a wholly owned subsidiary of FMR and a bank, is the beneficial owner of 2,634,004 shares
as a result of its serving as investment manager of the institutional account(s). ECJ and FMR, through its control
of FMTC, each has sole dispositive power over the 2,634,004 shares and sole power to vote or to direct the voting
of 2,331,004 of the shares, and no power to vote or to direct the voting of 303,000 of the shares owned by the
institutional account(s) described in the immediately preceding sentence. Strategic Advisers, Inc. (‘‘SA’’), a wholly
owned subsidiary of FMR and an investment adviser, is the beneficial owner of 30,343 shares. Fidelity
International Limited (‘‘FIL’’), a Bermudan joint stock company and an investment adviser, is the beneficial
owner of 649,050 shares. FIL has sole power to vote and sole power to dispose of the 649,050 shares. Formerly a
majority-owned subsidiary of Fidelity, FIL currently operates as an entity independent of FMR and Fidelity. A
partnership controlled by ECJ and members of his family owns shares of FIL voting stock and ECJ is Chairman
of FIL. Members of the ECJ family are the predominant owners of Class B shares of common stock of FMR,
representing approximately 49% of the voting power of FMR. ECJ owns 12.0% and Abigail Johnson, a Director
of FMR, owns 24.5% of the aggregate outstanding voting stock of FMR. The Johnson family group and all other
Class B shareholders have entered into a shareholders’ voting agreement under which all Class B shares will be
voted in accordance with the majority vote of Class B shares. Accordingly, through their ownership of voting
common stock and the execution of the shareholders’ voting agreement, members of the Johnson family may be
deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR. This is
based on FMR’s Schedule 13G/A filed with the Securities and Exchange Commission on February 14, 2005.
(5) Includes 25,624 shares owned by Mr. Trust’s wife, 36,204 shares owned by 1999 MTDT Descendants’ Trust, and
1,462 shares owned by Trust Family Foundation.
(6) Includes 216,007 shares owned by Robert C. Nakasone Trust and 93,280 shares owned by Nakasone Capital LLC.
(7) Includes 59,220 shares owned by Mr. Moriarty’s children and 82,500 shares owned by Mr. Moriarty’s wife.
(8) Includes 247 shares held by Paul F. Walsh, IRA.
5