Big Lots 2007 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2007 Big Lots 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 180

  • 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
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

- 33 -
Outstanding Equity Awards at Fiscal Year-End
The following table sets forth, as of the end of fiscal 2007, all equity awards outstanding under our equity
compensation plans for each named executive officer.
Option Awards Stock Awards
Name
(a)
Number
of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
(b)
Number
of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
(c)
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
(d)
Option
Exercise
Price
($)(1)
(e)
Option
Expiration
Date
(f)
Number
of Shares
or Units
of Stock
That
Have Not
Veste d
(#)
(g)
Market
Value of
Shares
or Units
of Stock
That
Have Not
Veste d
($)
(h)
Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other
Rights
That Have
Not Vested
(#)(2)
(i)
Equity
Incentive
Plan
Awards:
Market
or Payout
Value of
Unearned
Shares,
Units or
Other
Rights
That Have
Not Vested
($)
(j)
Mr. Fishman 125,000 250,000 *11.19 7/11/2012
150,000 12.66 2/24/2013
250,000 28.73 3/13/2014
125,000 2,188,750
Mr. Cooper 2,000 *10.85 2/24/2013
40,000 — *14.28 2/2/2014 — —
30,750 12.66 2/24/2013
37,500 28.73 3/13/2014
— — 12,500 218,875
Mr. Waite 25,000 *37.75 2/24/2008
15,000 — *10.85 2/24/2013 — —
30,000 — *15.05 2/23/2014 — —
34,875 12.66 2/24/2013
37,500 28.73 3/13/2014
— — 12,500 218,875
Mr. Martin 60,000 *14.35 12/1/2013
5,375 16,125 12.66 2/24/2013
30,000 28.73 3/13/2014
— — 10,000 175,100
Ms. Bachmann 30,000 *14.20 3/25/2012
6,000 — *10.85 2/24/2013 — —
50,000 — *15.05 2/23/2014 — —
30,750 12.66 2/24/2013
37,500 28.73 3/13/2014
— — 12,500 218,875
(1) The stock option awards identified with an asterisk in column (e) were made pursuant to the 1996 Incentive
Plan. All other stock option awards reflected in this table were made pursuant to the 2005 Incentive Plan.
Stock option awards identified as having been made pursuant to the 1996 Incentive Plan vest at the rate of
20% per year over the first five years of the 10 year option term, except that the stock option award made
to Mr. Fishman under the 1996 Incentive Plan vests at a rate of 25% per year over the first four years of the
seven year option term. Stock option awards made under the 2005 Incentive Plan vest at a rate of 25% per
year over the first four years of the seven year option term.
(2) The restricted stock awards reported in column (i) were made in fiscal 2007 pursuant to the 2005 Incentive
Plan. For a description of the vesting terms of these restricted stock awards, see the narrative preceding the
Grants of Plan-Based Awards table and the “Our Executive Compensation Program for Fiscal 2007 – Equity
for Fiscal 2007” section of the CD&A.