Staples 2006 Annual Report Download - page 36

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20
(1) All stock awards were awards of restricted stock which vest in full on the third anniversary of the grant date,
provided that the director continues to serve as a member of our Board. The shares of restricted stock awarded to
a director who meets the age and length of service requirement under our rule of 65 will fully vest upon retirement,
should such director retire before the end of the applicable vesting period.
(2) Each of the options granted vests ratably on an annual basis over a four-year vesting period, provided that the
director continues to serve as a member of our Board. The stock options awarded to a director who meets the age
and length of service requirement under our rule of 65 will fully vest upon retirement, should such director retire
before the end of the applicable vesting period. For options granted prior to May 1, 2005, the fair value for these
options was estimated as of the date of grant using a Black-Scholes option-pricing model. For stock options granted
on or after May 1, 2005, the fair value of each award is estimated as of the date of grant using a binomial valuation
model. Additional information regarding the assumptions used to estimate the fair value of all stock option
awards is included in Note H to Consolidated Financial Statements contained in our Annual Report on
Form 10-K for our 2006 fiscal year.
(3) Reflects the 2006 expense associated with an award of 1,800 shares of restricted stock with a FASB 123(R) grant
date fair value of $42,552 on June 7, 2006, an award of 600 shares of restricted stock with a FASB 123(R) grant
date fair value of $14,838 on September 14, 2006 and an award of 600 shares of restricted stock with a
FASB 123(R) grant date fair value of $16,524 on December 14, 2006, in each case granted to Mr. Anderson for
service on our Board. As of February 3, 2007, Mr. Anderson had 3,000 shares of unvested restricted stock
outstanding.
(4) Reflects the 2006 expense associated with an award of 13,500 stock options with a FASB 123(R) grant date fair
value of $102,412 on June 7, 2006, an award of 4,500 stock options with a FASB 123(R) grant date fair value of
$35,711 on September 14, 2006, and an award of 4,500 stock options with a FASB 123(R) grant date fair value of
$41,108 on December 14, 2006, in each case granted to Mr. Anderson for service on our Board. As of February 3,
2007, Mr. Anderson had options (vested and unvested) to purchase an aggregate of 408,375 shares of our
common stock.
(5) Reflects the 2006 expense associated with awards of restricted stock granted in 2003, 2004, 2005 and 2006. For
our 2006 fiscal year, Ms. Barnes received an award of 600 shares of restricted stock with a FASB 123(R) grant
date fair value of $14,526 on March 9, 2006, an award of 600 shares of restricted stock with a FASB 123(R) grant
date fair value of $14,184 on June 7, 2006, an award of 600 shares of restricted stock with a FASB 123(R) grant
date fair value of $14,838 on September 14, 2006, an award of 600 shares of restricted stock with a FASB 123(R)
grant date fair value of $16,524 on December 14, 2006, and an award of 600 shares of restricted stock with a
FASB 123(R) grant date fair value of $15,870 on February 3, 2007. As of February 3, 2007, Ms. Barnes had
13,200 shares of unvested restricted stock outstanding.
(6) Reflects the 2006 expense associated with stock option awards granted in 2002, 2003, 2004, 2005 and 2006. For
our 2006 fiscal year, Ms. Barnes received an award of 4,500 stock options with a FASB 123(R) grant date fair
value of $35,429 on March 9, 2006, an award of 4,500 stock options with a FASB 123(R) grant date fair value of
$34,137 on June 7, 2006, an award of 4,500 stock options with a FASB 123(R) grant date fair value of $35,711 on
September 14, 2006, and an award of 4,500 stock options with a FASB 123(R) grant date fair value of $41,108 on
December 14, 2006. As of February 3, 2007, Ms. Barnes had options (vested and unvested) to purchase an
aggregate of 117,000 shares of our common stock.
(7) Reflects the 2006 expense associated with awards of restricted stock granted in 2003, 2004, 2005 and 2006. For
our 2006 fiscal year, Mr. Blank received an award of 600 shares of restricted stock with a FASB 123(R) grant date
fair value of $14,184 on June 7, 2006, an award of 600 shares of restricted stock with a FASB 123(R) grant date
fair value of $14,838 on September 14, 2006, and an award of 600 shares of restricted stock with a FASB 123(R)
grant date fair value of $16,524 on December 14, 2006. As of February 3, 2007, Mr. Blank had 9,000 shares of
unvested restricted stock outstanding.
(8) Reflects the 2006 expense associated with stock option awards granted in 2002, 2003, 2004, 2005 and 2006. For
our 2006 fiscal year, Mr. Blank received an award of 4,500 stock options with a FASB 123(R) grant date fair value
of $34,137 on June 7, 2006, an award of 4,500 stock options with a FASB 123(R) grant date fair value of $35,711