Big Lots 2013 Annual Report Download - page 67

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(1) We are a party to an employment agreement with Mr. Campisi, Ms. Bachman and Mr. Cooper and were a
party to an employment agreement with Mr. Fishman, Mr. Haubiel and Mr. Martin, the material terms of
which are described in the “Overview of our Executive Compensation Program - Employment Agreements”
section of the CD&A. We are a party to a senior executive severance agreement with Mr. Johnson and
Mr. Rodriguez, the material terms of which are described in the “Overview of Executive Compensation
Program – Senior Executive Severance Agreements” section of the CD&A We are a party to a retirement
and consulting agreement with Mr. Fishman, the material terms of which are described in the “Overview of
Executive Compensation Program – Retirement and Consulting Agreement” section of the CD&A.
(2) The amounts in this column reflect the salary earned by each named executive officer during fiscal 2013.
(3) The amounts in this column reflect the aggregate grant date fair value of the restricted stock awards, and in
the case of Mr. Campisi, a performance share units award, granted under the 2005 LTIP and 2012 LTIP to the
executives in the fiscal years reported as computed in accordance with ASC 718, excluding the effect of any
estimated forfeiture. The aggregate grant date fair value reflected in this column is based on the number of
shares of restricted stock and performance share units granted and the fair value of the restricted stock and
performance share units on the grant date (i.e., for restricted stock granted in on March 8, 2013, $35.72 per
common share – the average of the opening price and the closing price of our common shares on the NYSE
on the grant date, as determined in accordance with ASC 718 and the terms of the 2012 LTIP).
(4) The amounts in this column reflect the aggregate grant date fair value of the stock option awards granted
under the 2005 LTIP and 2012 LTIP to the executives in the fiscal years reported as computed in accordance
with ASC 718, excluding the effect of any estimated forfeiture. See Note 7 (Share-Based Plans) to the
consolidated financial statements and the Critical Accounting Policies and Estimates – Share-Based
Compensation section of Management’s Discussion and Analysis of Financial Condition and Results of
Operations (“MD&A”) in our Form 10-K regarding the assumptions underlying the valuation of stock
option awards.
(5) The amounts in this column reflect annual incentive awards earned under the 2006 Bonus Plan for
performance during each of the last three fiscal years.
(6) For fiscal 2013, the amounts in this column include the following compensation for the executives, as more
fully described in the table included with this footnote:
i. The reimbursement of taxes related to our payment of healthcare costs, including costs covered by the
Executive Benefit Plan, long-term disability insurance premiums, and relocation expenses;
ii. Big Lots matching contributions made pursuant to the Savings Plan and the Supplemental Savings
Plan, both of which are described in the narrative disclosure accompanying the Nonqualified Deferred
Compensation table below;
iii. Big Lots paid healthcare costs covered by the Executive Benefit Plan, which is described in the
“Overview of our Executive Compensation Program – Elements of In-Service Compensation – Personal
Benefits/Perquisites” section of the CD&A;
iv. Big Lots paid premiums for life insurance, which is generally available to all full-time employees;
v. Big Lots paid premiums for long-term disability insurance, which is described in the “Overview
of our Executive Compensation Program – Elements of In-Service Compensation – Personal
Benefits/Perquisites” section of the CD&A;
vi. The cost to Big Lots associated with the use of an automobile or the receipt of a cash allowance in lieu
of an automobile;
vii. The aggregate incremental cost to Big Lots associated with non-business use of corporate aircraft by
Mr. Campisi, Mr. Fishman and Mr. Haubiel. For Mr. Campisi, $55,811 included in this column relates to
Board approved use of the corporate aircraft for relocation purposes;
viii. Relocation expenses;