Best Buy 2010 Annual Report Download - page 54

Option Awards Stock Awards
Equity
Incentive Equity Incentive
Plan Awards: Plan Awards:
Number of Number of Market Number of Market or Payout
Securities Securities Number of Value of Unearned Value of
Underlying Underlying Shares or Shares or Shares, Units Unearned Shares,
Unexercised Unexercised Units of Units of or Other Right Units or Other
Options Options Option Option Stock Stock That Stock That That Have Rights That Have
Option Exercisable Unexercisable Exercise Expiration Award Have Not Have Not Not Vested Not Vested
Name Grant Date(1)(2) (#) (#) Price Date Grant Date(1) Vested(#) Vested(3) (#) ($)(3)
John E. 10/18/2007 5,062 $ 47.84 10/17/2017
Pershing(7) 10/23/2006 3,922 55.46 10/22/2016
11/8/2005 6,147 46.80 11/7/2015
10/11/2004 5,434 36.73 10/10/2014
11/3/2003 9,450 39.59 11/2/2013
Robert A. 9/17/2009 27,625 $ 37.59 9/17/2019
Willett(8) 6/23/2009 55,250 32.98 6/23/2019
10/31/2008 110,500 26.88 10/31/2018
8/5/2008(4)(9) 190,000 $ 6,935,000
10/18/2007 55,250 47.84 10/17/2017 10/18/2007(6)(9) 18,417 672,221
10/23/2006 110,500 55.46 10/22/2016
11/8/2005 30,005 46.80 11/7/2015
10/11/2004 45,000 36.73 10/10/2014
4/23/2004 150,000 37.00 4/22/2014
4/12/2002 11,250 34.44 4/11/2012
(1) For a better understanding of the equity awards included in this table, we have provided the grant date of each award.
(2) All stock option awards reported become exercisable over a four-year period at the rate of 25% per year, beginning one year from the grant
date indicated, except for the following grants which became exercisable immediately: (i) the grants to Mr. Anderson for his service as a director
on April 14, 2003 — 11,250 shares; April 11, 2002 — 11,250 shares; April 27, 2001 — 11,250 shares; and April 14, 2000 —
11,250 shares.
(3) These values were determined based on the closing price of Best Buy common stock on February 26, 2010, the last trading day in fiscal 2010.
The closing price as reported by the NYSE on February 26, 2010, was $36.50.
(4) Performance-based restricted stock award that will be earned depending on the level of achievement of performance goals established for the
following metrics: (i) comparable store sales; (ii) profit growth; and (iii) revenue growth. The earned portion of the first 50% of the award, if any,
is scheduled to vest by February 26, 2011, with the remaining 50% of the award, if any, scheduled to vest by March 3, 2012. The number of
shares reflected is the target grant.
(5) Time-based restricted stock award which vested 25% on the grant date, and will vest an additional 25% on each of the next three anniversaries
of the grant date, provided the executive has been continually employed with us through those dates.
(6) Performance-based restricted stock award, scheduled to vest in a range from 0% to 100% on February 26, 2011 (end of fiscal 2011),
depending on the level of total shareholder return (‘‘TSR’’ is the compound annual growth rate that shareholders receive on their investment,
including both paid dividends and stock price appreciation) achieved by our common stock compared to the TSR of companies that comprise
the S&P 500 during a three-year incentive period.
(7) Mr. Pershing was eligible to exercise his vested stock options for 60 days following his last day of employment on February 5, 2010.
(8) Mr. Willett can exercise his vested stock options for a period of one year following his retirement on January 4, 2010.
(9) Mr. Willett remains eligible to receive a prorated share of this award when it vests.
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