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EXECUTIVE COMPENSATION AND COMPENSATION DISCUSSION AND ANALYSIS
www.staplesannualmeeting.com STAPLES 53
Option Awards Stock Awards
Name
Grant Date/
Performance
Share Period
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
(1)
Option
Exercise
Price
($)
Option
Expiration
Date
(2)
Equity
Incentive
Plan Awards:
Number of
Unearned
Shares, Units
or Other
Rights That
Have Not
Vested
(#) (3)
Equity
Incentive
Plan Awards:
Market or
Payout Value
of Unearned
Shares, Units
or Other
Rights That
Have Not
Vested
($) (4)
John Wilson 2/1/2015-2/3/2018 (5) 130,748 $1,166,272
2/2/2014-1/28/2017 (6) 161,874 $1,443,916
2/3/2013-1/30/2016 (7) 115,299 $1,028,467
10/1/2012 320,109 106,703 11.61 10/1/2022
(1) Stock options vest 25% per year after the date of grant. The exercisability of the options is accelerated in the circumstances
described under the caption “Vesting Provisions of Plan-Based Awards” following the “Grants of Plan-Based Awards for
2015 Fiscal Year” table above.
(2) The expiration date for stock options is typically the tenth anniversary of the date of grant.
(3) The shares in the Equity Incentive Plan Awards column represent performance share awards based on target share payout.
(4) Based on the fair market value of our common stock on January 30, 2016 ($8.92 per share).
(5) Performance share awards vest based on achievement of performance objectives over the performance period covering
fiscal years 2015 through 2017. For our three-year performance share awards, one-third of the three-year target award is
applied as a target amount for each of the fiscal years within the performance period. Actual shares earned are based on
achievement of goals established for each year. In addition, any award that is earned based on performance will be increased
or decreased by 25% based on Staples’ three-year TSR relative to the returns generated by the S&P 500 over the same
period. See the “CD&A” section of our proxy statement for information about 2015 goal achievement.
(6) Performance share awards vest based on achievement of performance objectives over the performance period covering
fiscal years 2014 through 2016. For our three-year performance share awards, one-third of the three-year target award is
applied as a target amount for each of the fiscal years within the performance period. Actual shares earned are based on
achievement of goals established for each year. In addition, any award that is earned based on performance will be increased
or decreased by 25% based on Staples’ three-year TSR relative to the returns generated by the S&P 500 over the same
period. See the “CD&A” section of our proxy statement for information about 2015 and 2014 goal achievement.
(7) Performance share awards vest based on achievement of performance objectives over the performance period covering
fiscal years 2013 through 2015. For our three-year performance share awards, one-third of the target award is applied as a
target amount for each of the fiscal years within the performance period. Actual shares earned are based on achievement of
goals established for each year. In addition, any award that is earned based on performance will be increased or decreased
by 25% based on Staples’ three-year TSR relative to the returns generated by the S&P 500 over the same period. See the
“CD&A” section of this proxy statement for information about 2015, 2014 and 2013 goal achievement.
Option Exercises and Stock Vested During 2015 Fiscal Year
The following table summarizes the option exercises and vesting of stock awards for each of the NEOs during our 2015 fiscal year:
Option Awards Stock Awards
Number of
Shares Acquired
on Exercise
(#)
Value Realized
on Exercise
($)
Number of
Shares Acquired
on Vesting
(#)
Value Realized
on Vesting
($) (1)
Ronald L. Sargent 0 0 141,983 2,252,768
Christine T. Komola 0 0 6,954 108,135
Joseph G. Doody 0 0 35,060 554,769
Demos Parneros 0 0 35,060 554,769
John Wilson 0 0 50,431 623,327
(1) Represents the fair market value of the stock award on the date of vesting.