Big Lots 2015 Annual Report Download - page 29
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Director Compensation Table for Fiscal 2015
The following table summarizes the compensation earned by each non-employee director for his or her
Board service in fiscal 2015.
Name
Fees
Earned
or
Paid in
Cash
($)
Stock
Awards
($) (1)(2)
Option
Awards
($) (3)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
All
Other
Compensation
($) (4)
Total
($)
(a) (b) (c) (d) (e) (f) (g) (h)
Mr. Berger 110,000 109,967 - - - 2,000 221,967
Mr. Chambers 101,250 109,967 - - - - 211,217
Ms. Gottschalk 67,500 109,967 - - - 6,000 183,467
Mr. Hayes 26,250 - - - - - 26,250
Ms. Jamison 71,250 109,967 - - - - 181,217
Ms. Lauderback 26,250 - - - - 14,750 41,000
Mr. Mallott 200,000 109,967 - - - 30,000 339,967
Ms. Reardon 67,500 109,967 - - - 26,000 203,467
Ms. Schoppert 71,250 109,967 - - - 15,350 196,567
Mr. Solt 115,000 109,967 - - - 15,000 239,967
Mr. Tener 25,000 - - - - - 25,000
Mr. Tishkoff 25,000 - - - - - 25,000
(1) Amounts in this column reflect the aggregate grant date fair value of the restricted stock awards
granted to the non-employee directors in fiscal 2015 as computed in accordance with Financial
Accounting Standards Board Accounting Standards Codification Topic 718 (“ASC 718”),
excluding the effect of any estimated forfeitures. The full grant date fair value of the fiscal 2015
restricted stock award granted to each non-employee director, as computed in accordance with
ASC 718, was based on individual awards of 2,388 common shares at a per common share
value of $46.05 on the grant date (i.e., $109,967 per non-employee director). In accordance with
ASC 718 and the 2012 LTIP, the per common share grant date value is the average of the
opening price and the closing price of our common shares on the NYSE on the grant date.
(2) As of January 30, 2016, each individual included in the table held 2,388 shares of restricted stock.
(3) Prior to fiscal 2008, the non-employee directors received an annual stock option award under the
Big Lots, Inc. Amended and Restated Director Stock Option Plan (“Director Stock Option Plan”).
The Director Stock Option Plan was terminated on May 30, 2008 and no stock option awards were
granted to any non-employee director in fiscal 2015. As of January 30, 2016, only Mr. Mallott
(15,000 common shares) held stock options to purchase our common shares.
(4) Amounts in this column reflect both matching contributions and payments made by us during fiscal
2015 to charitable organizations nominated by the specified directors pursuant to the Big Lots, Inc.
Non-Employee Director Compensation Package during the year in which they were elected to
serve on the Board.
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