Big Lots 2012 Annual Report Download - page 61
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- 47 -
(4) The amounts in column (g) represent restricted stock awarded pursuant to the 2005 LTIP and, in the case of
Mr. Johnson’s restricted stock award granted on August 28, 2012, the 2012 LTIP, which awards are described in
the narrative preceding this table and the “Our Executive Compensation Program for Fiscal 2012 – Equity for
Fiscal 2012” section of the CD&A. We did not achieve the fiscal 2012 corporate performance goal previously
established for Mr. Fishman’s fiscal 2012 restricted stock award, therefore, Mr. Fishman’s restricted stock did
not vest and was forfeited. Because we met the first trigger, but not the second trigger, as a result of fiscal 2012
corporate performance, the restricted stock granted to our named executive officers in fiscal 2012 (other than
Mr. Fishman) did not vest. There are no minimum or maximum “estimated future payouts” applicable to the
restricted stock awards included in column (g).
(5) The amounts in column (j) represent NQSOs awarded pursuant to the 2005 LTIP and, in the case of
Mr. Johnson’s option award granted on August 28, 2012, the 2012 LTIP, which awards are described in the
narrative preceding this table and the “Our Executive Compensation Program for Fiscal 2012 – Equity for
Fiscal 2012” section of the CD&A.
(6) Pursuant to the terms of the 2005 LTIP and 2012 LTIP, the exercise price of the NQSOs awarded in fiscal
2012 is equal to the fair market value of our common shares on the grant date. The fair market value is
determined by calculating the average of the opening and closing prices for our common shares on the
NYSE. We believe this method is preferable to using only the closing market price, as it is less vulnerable
to market activity that may have only an instantaneous effect, positively or negatively, on the price of our
common shares.