Big Lots 2010 Annual Report Download - page 30

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- 14 -
(2) In its Schedule 13G filed on February 14, 2011, Wellington Management Company, LLP, 280 Congress Street,
Boston, MA 02210, stated that it beneficially owned the number of common shares reported in the table as of
December 31, 2010, had shared power to vote or to direct the vote of 4,202,828 of the shares and shared power
to dispose or to direct to the disposition over all of the shares, and had no sole power to vote or to direct the
vote or sole power to dispose or to direct the disposition over the shares.
(3) In its Schedule 13G/A filed on February 11, 2011, Sasco Capital, Inc., 10 Sasco Hill Road, Fairfield,
CT 06824, stated that it beneficially owned the number of common shares reported in the table as of
December 31, 2010, had sole voting power over 1,726,590 of the shares, had sole dispositive power over all of
the shares, and had no shared voting power or shared dispositive power over the shares.
(4) In its Schedule 13G/A filed on February 10, 2011, The Vanguard Group, Inc., 100 Vanguard Blvd.,
Malvern, PA 19355, stated that it beneficially owned the number of common shares reported in the table
as of December 31, 2010, had sole voting power over 98,591 of the shares, had sole dispositive power
over 4,471,440 of the shares, had shared dispositive power over 98,591 of the shares, and had no shared
voting power over the shares. In its Schedule 13G/A, this reporting person indicated that its wholly-owned
subsidiary, Vanguard Fiduciary Trust Company, was the beneficial owner and directs the voting of 98,591
common shares.
(5) In its Schedule 13G filed on February 9, 2011, LSV Asset Management, 155 North Wacker Drive, Suite 4600,
Chicago, IL 60606, stated that it beneficially owned the number of common shares reported in the table as of
December 31, 2010, had sole voting power and sole dispositive power over all of the shares, and had no shared
voting power or shared dispositive power over the shares.
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Exchange Act requires our directors and executive officers, and persons who beneficially own
more than 10% of our outstanding common shares, to file with the SEC and the NYSE initial reports of ownership
and reports of changes in ownership of our common shares. Executive officers, directors and greater than 10%
shareholders are required by the regulations of the SEC to furnish us with copies of all Section 16(a) reports they
file. Based solely upon a review of the Section 16(a) reports filed on behalf of these persons with the SEC and the
written representations of our directors and executive officers that no other reports were required by them, we
believe that all of our directors and executive officers and greater than 10% shareholders complied during fiscal
2010 with the reporting requirements of Section 16(a) of the Exchange Act.
EXECUTIVE COMPENSATION
Compensation Committee Report
The Compensation Committee reviewed and discussed the following Compensation Discussion and Analysis
(“CD&A”) with management and, based on such review and discussion, the Compensation Committee
recommended to the Board that the CD&A be included in this Proxy Statement and our Annual Report on Form
10-K for fiscal 2010 (“Form 10-K”).
Members of the Compensation Committee
Dennis B. Tishkoff, Chair
Russell Solt
James R. Tener