Staples 2004 Annual Report Download - page 26

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stock. SARs may be based solely on appreciation in the fair market value of Staples common stock or on a comparison
of such appreciation with some other measure of market growth such as (but not limited to) appreciation in a
recognized market index.
Other Stock-Based Awards. Under the Restated Plan, the Board of Directors has the right to grant other awards
of Staples common stock or awards otherwise based upon Staples common stock or other property, including without
limitation rights to purchase shares of Staples common stock, having such terms and conditions as the Board of
Directors may determine.
Eligibility to Receive Awards.
Our associates, officers, directors, consultants, advisors and other service providers are eligible to be granted
awards under the Restated Plan. The maximum number of shares with respect to which awards may be granted to any
participant under the Restated Plan may not exceed 3,450,000 shares per calendar year.
As of April 18, 2005, approximately 6,300 persons were eligible to receive awards under the Restated Plan,
including our 8 executive officers and 10 non-employee directors. The granting of awards under the Restated Plan is
discretionary, and we cannot now determine the number or type of awards to be granted in the future to any particular
person or group.
On April 18, 2005, the last reported sale price of Staples common stock on the NASDAQ National Market was
$19.57 per share.
Since adoption of the Existing Plan through April 18, 2005, Staples granted the following options to the
individuals and groups listed below:
Weighted Average Total Shares Subject
Name and Principal Position Exercise Price to Option Grants
Ronald L. Sargent ............................................ $19.12 525,000
Chairman & Chief Executive Officer
John J. Mahoney ............................................. $19.12 150,000
Exec. Vice President & Chief Administrative Officer
Michael Miles ............................................... $19.12 225,000
Chief Operating Officer
Basil L. Anderson ............................................ $19.12 180,000
Vice Chairman
Joseph G. Doody ............................................. $19.12 75,000
President, North American Delivery
All current directors who are not executive officers, as a group ............ $20.63 252,000
All current executive officers, as a group ............................ $19.12 1,278,000
All employees who are not executive officers, as a group ................ $19.25 13,858,090
Stock Available for Awards
In addition to the minimum number of shares authorized for issuance under the Restated Plan as noted above,
the Restated Plan permits us to issue shares that were originally awarded as options or restricted stock under the 1992
Plan but may be returned to the 1992 Plan if those options or restricted stock awards expire, are terminated,
surrendered or canceled without having been fully exercised, or are forfeited in whole or in part. However, shares
tendered to the Company under the 1992 Plan to (1) purchase Staples common stock upon the exercise of any such
option or (2) satisfy tax withholding obligations (including shares retained from the option or restricted stock award
creating the tax obligation) will not become available for future awards under the Restated Plan. Based on our
analysis of the number of shares historically returned to the 1992 Plan for reissuance, we believe approximately
10