Staples 2007 Annual Report Download - page 24

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Except as noted below, restricted stock and restricted stock units that (1) vest solely on the basis of passage of
time may vest no faster than ratably over three years and (2) vest based on achievement of specified performance
objectives may not vest earlier than the first anniversary of the date of grant. These vesting restrictions do not apply to
restricted stock and restricted stock unit awards representing up to 5% of the total number of shares of our common
stock covered by the Equity Plan (excluding any shares that become available in connection with awards made under
our Amended and Restated 1992 Equity Incentive Plan (the ‘‘1992 Plan’’)). In addition, our Board may make
exceptions to the vesting limitations described above in the event of the recipient’s death, a change in control of
Staples or other extraordinary circumstances specified in the Equity Plan.
Other Stock-Based Awards. Under the Equity Plan, our Board has the right to grant other awards of our
common stock or awards otherwise based upon our common stock or other property, including without limitation
rights to purchase shares of our common stock and stock appreciation rights, having such terms and conditions as our
Board may determine.
Eligibility to Receive Awards.
Our associates, officers, directors, consultants, advisors and other service providers are eligible to be granted
awards under the Equity Plan. The maximum number of shares with respect to which awards may be granted to any
participant under the Equity Plan may not exceed 3,450,000 shares per calendar year.
As of April 14, 2008, 7,735 persons were eligible to receive awards under the Equity Plan, including our
7 executive officers and 11 non-employee directors. The granting of awards under the Equity 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 14, 2008, the last reported sale price of our common stock on the NASDAQ Global Select Market was
$21.75 per share.
Since the Equity Plan was adopted, Staples has granted the following options to the individuals and groups listed
below as of April 14, 2008:
Weighted Average Total Option Shares
Name and Position Exercise Price Granted
Named Executive Officers
Ronald L. Sargent ......................................... $22.27 2,038,903
Chairman and Chief Executive Officer
John J. Mahoney .......................................... 22.83 785,411
Vice Chairman and Chief Financial Officer
Michael A. Miles, Jr. ....................................... 22.41 935,411
President and Chief Operating Officer
Joseph G. Doody .......................................... 22.97 429,272
President, North American Delivery
Demos Parneros ........................................... 22.97 429,272
President, U.S. Retail
Nominees for Director (excluding Named Executive Officers)
Basil L. Anderson* .......................................... 23.50 57,199
Arthur M. Blank ........................................... 22.75 70,699
Mary Elizabeth Burton ....................................... 22.56 102,199
Justin King ............................................... 21.99 48,199
Carol Meyrowitz ............................................ 22.39 43,699
14