Staples 2007 Annual Report Download - page 25

Weighted Average Total Option Shares
Name and Position Exercise Price Granted
Rowland T. Moriarty ......................................... $22.56 102,199
Robert C. Nakasone ......................................... 22.56 102,199
Robert E. Sulentic .......................................... 21.99 48,199
Martin Trust ............................................... 22.56 102,199
Vijay Vishwanath ........................................... 23.85 52,699
Paul F. Walsh .............................................. 22.56 102,199
All current directors who are not executive officers, as a group ............... 22.65 831,689
All current executive officers, as a group .............................. 22.52 4,758,182
All employees who are not executive officers, as a group ................... 21.34 26,418,447
Associates of current directors, executive officers or nominees for director ........ 0 0
* Mr. Anderson served as Vice Chairman of Staples from September 2001 until his retirement in March 2006.
Amounts exclude options granted to Mr. Anderson during his employment by Staples.
Stock Available from 1992 Plan
In addition to the number of shares authorized for issuance under the Equity Plan as noted above, the Equity
Plan permits us to issue up to 51,000,000 shares that were originally awarded as options or restricted stock under the
1992 Plan but that have since expired, been terminated, surrendered or canceled without having been fully exercised,
or been forfeited in whole or in part. However, shares tendered to Staples under the 1992 Plan to (1) purchase our
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 Equity Plan. The 51,000,000 shares represent the maximum number of shares that could potentially
become available to us from the 1992 Plan. Since the Equity Plan was adopted, approximately 2,400,000 shares have
become available to us from the 1992 Plan for issuance under the Equity Plan.
Administration
The Equity Plan is administered by our Board. Our Board has the authority to adopt, amend and repeal the
administrative rules, guidelines and practices relating to the Equity Plan and to interpret the provisions of the Equity
Plan. Pursuant to the terms of the Equity Plan, our Board has delegated authority under the Equity Plan to the
Compensation Committee of the Board of Directors. Our Board may also delegate authority under the Equity Plan to
one or more officers of Staples, except that our Board will fix the terms of the awards to be granted by such officers
and the maximum number of shares subject to awards that the officers may grant, and no officer will be authorized to
grant awards to himself or herself.
Subject to any applicable delegation by our Board and any applicable limitations contained in the Equity Plan,
our Board selects the recipients of awards and determines (1) the number of shares of our common stock covered by
options and the dates upon which such options become exercisable, (2) the exercise price of options (which may not
be less than 100% of the fair market value of our common stock), (3) the duration of options (which may not exceed
10 years), and (4) the number of shares of our common stock subject to any restricted stock, restricted stock unit or
other stock-based awards and the terms and conditions of such awards, including, if applicable, conditions for
repurchase, issue price and repurchase price.
15