Big Lots 2015 Annual Report Download - page 56

See the “Elements of our Executive Compensation for Fiscal 2015 – Equity for Fiscal 2015” section of the CD&A
and the “Potential Payments Upon Termination or Change in Control – Rights Under Post-Termination and
Change in Control Arrangements” section below for more information regarding the equity awards made under
the 2012 LTIP in fiscal 2015.
Grants of Plan-Based Awards in Fiscal 2015
The following table sets forth each award made to our named executive officers in fiscal 2015 under the 2006
Bonus Plan and the 2012 LTIP.
Name
Grant
Date
(1)
Award
Date
(2)
Estimated Possible
Payouts Under
Non-Equity
Incentive Plan
Awards (3)
Estimated Future
Payouts Under
Equity
Incentive Plan
Awards (4)
All Other
Stock
Awards:
Number
of Shares
of Stock
or Units
(#) (5)
All Other
Option
Awards:
Number of
Securities
Underlying
Options
(#)
Exercise
or Base
Price of
Option
Awards
($/Sh.)
Grant
Date Fair
Value of
Stock
and
Option
Awards
($/
Shr.)(6)
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
(a) (b) - (c) (d) (e) (f) (g) (h) (i) (j) (k) (l)
Mr. Campisi - - 630,000 1,260,000 2,520,000 - - - - - - -
3/10/15 3/6/15 - - - 32,203 64,406 96,609 - - - 3,184,233
3/10/15 3/6/15 - - - - - - 42,937 - - 2,122,805
Mr. Johnson - - 164,200 328,400 656,800 - - - - - - -
3/10/15 3/6/15 - - - 7,391 14,782 22,173 - - - 730,822
3/10/15 3/6/15 - - - - - - 9,854 487,182
Ms. Bachmann - - 209,875 419,750 839,500 - - - - - - -
3/10/15 3/6/15 - - - 9,420 18,839 28,259 - - - 931,400
3/10/15 3/6/15 - - - - - - 12,559 620,917
Mr. Schlonsky - - 122,225 244,450 488,900 - - - - - - -
3/10/15 3/6/15 - - - 4,622 9,243 13,865 - - - 456,974
3/10/15 3/6/15 - - - - - - 6,161 304,600
Mr. Stein - - 104,000 208,000 416,000 - - - - - - -
3/10/15 3/6/15 - - - 3,865 7,730 11,595 - - - 382,171
3/10/15 3/6/15 - - - - - - 5,152 254,715
Mr. Chene - - 157,500 315,000 630,000 - - - - - - -
3/10/15 3/6/15 - - - 7,246 14,492 21,738 - - - 716,484
3/10/15 3/6/15 - - - - - - 9,660 - - 477,590
(1) As discussed in the “Compensation Policies & Practices – Equity Grant Timing” section of the CD&A, in
fiscal 2015, the Board set the grant date for the RSU awards and the service inception date for the PSU
awards as the second trading day following our release of results from our last completed fiscal year. This
future date was established to allow the market to absorb and react to our release of material non-public
information, and to avoid any suggestion that the Board, the Compensation Committee or any employee
manipulated the terms or timing of the equity awards.
(2) The Award Date represents the date on which the Board authorized the equity-based award and set the
grant date and service inception date.
(3) The amounts in columns (c), (d) and (e) represent our named executive officers’ threshold, target and
maximum annual incentive award levels, respectively, for fiscal 2015 pursuant to the 2006 Bonus Plan,
which annual incentive award levels are further described in the “Elements of our Executive Compensation
for Fiscal 2015 – Annual Incentive Award for Fiscal 2015” section of the CD&A. For fiscal 2015, our named
executive officers earned an annual incentive award under the 2006 Bonus Plan, as reflected in column
(g) of the Summary Compensation Table.
(4) The amounts in columns (f), (g) and (h) represent the threshold, target and maximum number of PSUs
awarded pursuant to the 2012 LTIP that each named executive officer is eligible to earn depending on the
44