Big Lots 2013 Annual Report Download - page 75

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(1) All stock option awards reflected in this table were made pursuant to the 2005 LTIP or 2012 LTIP. Stock
option awards made under the 2005 LTIP or 2012 LTIP vest on the anniversary of the grant date at a rate of
25% per year over the first four years of the seven year option term.
(2) The awards reported in column (i) reflect the following: (1) for Mr. Campisi, a restricted stock award and
performance share units award in fiscal 2013; (2) for Mr. Rodriguez, restricted stock awards in fiscal 2013
and fiscal 2012; and (3) for Mr. Johnson, Mr. Bachmann and Mr. Cooper, restricted stock awards in fiscal
2013, fiscal 2012, fiscal 2011 and a Retention Award granted in fiscal 2013. All awards were made pursuant
to the 2005 LTIP or 2012 LTIP. The first trigger for the fiscal 2013, fiscal 2012 and fiscal 2011 restricted
stock awards is $1.50 and the second trigger for the fiscal 2013 award is $3.98, the second trigger for the
fiscal 2012 restricted stock awards is $3.95 and the second trigger for the fiscal 2011 restricted stock awards
is $3.52. Based on our performance in fiscal 2013, we achieved the first trigger but not the second trigger
applicable to the fiscal 2013 restricted stock awards. The performance share units award to Mr. Campisi in
fiscal 2013 vests in one-third increments if the market price of our common shares appreciates, for a period
of 20 consecutive trading days, to prices that are 110%, 120% and 130% of the grant date market value of
$37.13. The Retention Awards will vest and be transferred to the recipient without restriction on the earlier
of: (1) the first trading day that is 18 months following the grant date; or (2) the first trading day following
the recipient’s termination of employment if such termination of employment is the result of the recipient’s
(A) dismissal by us without cause (as defined in the Retention Award Agreement) or (B) death or disability
(provided, however, if the recipient dies or suffers a disability, only 1/18th of the Retention Award will vest
for each consecutive month that the recipient completed with us between the recipient’s termination). If
termination of employment is the result of any reason other than the recipient’s dismissal by us without cause,
death or disability (including by reason of the recipient’s retirement, resignation or dismissal by us for cause),
then the Retention Award Agreement will expire and all of the recipient’s rights in the Retention Award
will be forfeited. Upon a change in control (as defined in the 2012 LTIP), any outstanding Retention Awards
will vest. For additional information regarding the fiscal 2013 restricted stock awards, performance share
units award and the Retention Awards, including the vesting terms, see the narrative discussion preceding
the Grants of Plan-Based Awards in Fiscal 2013 table and the “Our Executive Compensation Program for
Fiscal 2013 – Equity for Fiscal 2013” section of the CD&A.
Option Exercises and Stock Vested in Fiscal 2013
The following table reflects all stock option exercises and the vesting of restricted stock held by each of our named
executive officers during fiscal 2013.
Option Awards Stock Awards
Name
Number of
Shares
Acquired on
Exercise
(#)
Value
Realized
on Exercise
($)
Number of
Shares
Acquired on
Vesting
(#)
Value
Realized
on Vesting
($)
(a) (b) (c) (d) (e)
Mr. Campisi — — — —
Mr. Johnson — — — —
Ms. Bachmann 37,500 310,256 — —
Mr. Cooper — — — —
Mr. Rodriguez — — — —
Mr. Fishman — — — —
Mr. Haubiel 9,375 184,267 19,000 (1) 642,770
Mr. Martin — — 25,000 (1) 803,250
(1) Mr. Haubiel’s Retention Award and Mr. Martin’s restricted stock award granted in fiscal 2011 each vested in
fiscal 2013.