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DIRECTOR COMPENSATION
28 STAPLES Notice of Annual Meeting of Stockholders
OUTSTANDING DIRECTOR AWARDS
The table below supplements the Director Compensation table above by providing (1) the number of restricted stock units awarded
to our directors during our 2014 fiscal year and (2) the total number of stock options, unvested restricted stock and outstanding
restricted stock units held by our directors as of January 31, 2015, the end of our 2014 fiscal year.
Name Grant Date
Award
Type
Number of
Shares
Awarded in
FY 2014
Grant Date
Fair Value
($)
Total Options,
Unvested Restricted
Stock and
Outstanding
Restricted
Stock Units
as of 2014 FYE
(1)(2)(3)
Basil L. Anderson 3/6/2014 RSU 15,412 175,003 15,412
OP 0 0 91,367
Drew Gilpin Faust 3/6/2014 RSU 15,412 175,003 15,412
RS 0 0 11,610
Justin King (4) 3/6/2014 RSU 15,412 175,003 15,412
OP 0 0 82,367
Carol Meyrowitz 3/6/2014 RSU 15,412 175,003 15,412
OP 0 0 77,867
Rowland T. Moriarty 3/6/2014 RSU 16,822 191,014 16,822
OP 0 0 113,867
Robert C. Nakasone (5) 3/6/2014 RSU 18,935 215,007 18,935
OP 0 0 113,867
Elizabeth Smith (6) 3/6/2014 RSU 15,412 175,003 0
Robert E. Sulentic 3/6/2014 RSU 18,231 207,013 18,231
OP 0 0 82,367
Raul Vazquez 3/6/2014 RSU 15,412 175,003 25,644
Vijay Vishwanath 3/6/2014 RSU 18,231 207,013 18,231
OP 0 0 86,867
Paul F. Walsh 3/6/2014 RSU 18,231 207,013 18,231
OP 0 0 113,867
RS = Restricted stock, RSU = Restricted stock unit, OP = Stock option
(1) Restricted stock unit awards granted in connection with the annual director grant vest in full on the first anniversary of the
grant date, provided that the director then serves on our Board. Restricted stock and restricted stock unit awards made upon
initial election as a director vests in full on the third anniversary of the grant date. Restricted stock (granted prior to 2013) will
fully vest, and restricted stock units will fully vest and pay out, upon retirement or resignation should such director leave our
Board after reaching the age of 72. Restricted stock awards granted from 2008 through 2010 may be sold only upon leaving
our Board.
(2) Restricted stock units awarded to our Independent Lead Director and each chairperson of the Audit Committee, Compensation
Committee, Nominating and Corporate Governance Committee and Finance Committee vest ratably on the date of each of
the four regularly scheduled quarterly Board meetings that such Lead Director or chairperson held such position and are paid
on the one year anniversary of the award.
(3) Stock options awarded during 2008, 2009 and 2010 vested in full on the first anniversary of the grant date, provided that the
director served on our Board. Stock option awards made prior to 2008 vested ratably on an annual basis over a four-year
vesting period, provided that the director then served on our Board.
(4) On April 10, 2015, Mr. King determined not to stand for reelection to the Board at the 2015 Annual Meeting.
(5) In January 2015, Mr. Nakasone announced his decision to retire at the end of his term at the 2015 Annual Meeting.
(6) Upon Ms. Smith’s departure from our Board in June 2014, all of the shares relating to her annual grant of restricted stock
units were forfeited.