Best Buy 2010 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2010 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

last trading day in fiscal 2010. The following table summarizes the potential value of payments made under the severance plan and
long-term incentive awards for each named executive officer under various scenarios:
Termination
Following
Change-in- Death or
Name Involuntary (1) Voluntary (2) Control (3) Disability (4) Retirement (5)
Brian J. Dunn Cash $1,846,154 $ — $ 1,846,154 $ — $ —
Stock options 1,797,672 1,797,672 4,553,342 4,553,342 4,553,342
Stock awards 6,935,000 6,935,000 6,935,000
Total $3,643,826 $ 1,797,672 $13,334,496 $11,488,342 $11,488,342
James L. Muehlbauer Cash $1,185,231 $ $ 1,185,231 $ $
Stock options 385,016 385,016 1,103,016 1,103,016 1,103,016
Stock awards 4,015,000 4,015,000 3,650,000
Total $1,570,247 $ 385,016 $ 6,303,247 $ 5,118,016 $ 4,753,016
Shari L. Ballard Cash $1,200,000 $ $ 1,200,000 $ $
Stock options 159,326 159,326 753,925 753,925 753,925
Stock awards 3,020,375 3,020,375 3,020,375
Total $1,359,326 $ 159,326 $ 4,974,300 $ 3,774,300 $ 3,774,300
Michael A. Vitelli Cash $1,107,692 $ $ 1,107,692 $ $
Stock options 110,926 110,926 516,126 516,126 516,126
Stock awards 1,952,568 1,952,568 1,952,568
Total $1,218,618 $ 110,926 $ 3,576,386 $ 2,468,694 $ 2,468,694
J. Scott Wheway Cash $ 355,696(6) $ $ 355,696(6) $—$—
Stock options 176,000 176,000 176,000 176,000
Stock awards ————
Total $ 531,696 $ $ 531,696 $ 176,000 $ 176,000
Bradbury H. Anderson Cash $ 138,462 $ $ 138,462 $ $
Stock options 3,435,480 3,435,480 3,435,480 3,435,480 3,435,480
Stock awards ————
Total $3,573,942 $ 3,435,480 $ 3,573,942 $ 3,435,480 $ 3,435,480
John E. Pershing(7) Cash $ $ — $ — $ — $ —
Stock options ————
Stock awards ————
Total $ $ — $ — $ — $ —
Robert A. Willett(8) Cash $ $ — $ — $ — $ —
Stock options ————
Stock awards ————
Total $ $ — $ — $ — $ —
(1) Upon involuntary termination due to job elimination or discontinuation, office closing, reduction in force, business restructuring or other
circumstances determined at our discretion: (i) payment under the severance plan is triggered, (ii) stock options that are vested as of the date of
58