Dollar General 2006 Annual Report Download - page 105

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Fiscal 2006 Director Compensation
Name
Fees
Earned
or
Paid in
Cash
($) (1)
Stock
Awards
($)(2)(3)(4)
Option
Awards
($)(5)
Non-Equity
Incentive Plan
Compensation
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)(6)
All Other
Compensation
($)
Total
($)
David L. Beré 48,750 84,149 - - - 162,359 (7) 295,258
Dennis C. Bottorff 86,750 84,149 - - - - 170,899
Barbara L. Bowles 81,750 84,149 - - - - 165,899
James L. Clayton(8) 13,125 34,163 - - - 15,382 (9) 62,670
Reginald D. Dickson 57,500 84,149 - - - - 141,649
E. Gordon Gee 61,250 84,149 - - - - 145,399
Barbara M. Knuckles 56,375 84,149 - - - - 140,524
J. Neal Purcell 59,375 84,149 - - - - 143,524
James D. Robbins 79,500 84,149 - - - - 163,649
Richard E. Thornburgh(10) 35,625 30,268 - - - - 65,893
David M. Wilds 81,875 84,149 - - - - 166,024
(1) Messrs. Purcell and Thornburgh elected to defer payments of their director fees under our Deferred Compensation Plan
for Non-Employee Directors. Cash amounts deferred during fiscal 2006 were as follows: Mr. Purcell ($59,375); and
Mr. Thornburgh ($34,375). The amount noted in this column for Mr. Wilds includes a $1,250 per diem payment for
work as Presiding Director with our Strategic Planning Committee. The amounts noted in this column also include the
following per diem amounts for all directors who were not members of the Finance Committee but who were
requested to attend a meeting of that Committee to discuss our 2006 budget: Mr. Beré ($1,250); Mr. Clayton ($625);
Mr. Dickson ($625); Ms. Knuckles ($625); and Mr. Purcell ($625).
(2) The amounts set forth in this column represent restricted stock units (“RSUs”) granted during fiscal 2006 and previous
years under the 1998 Stock Incentive Plan. Each RSU represents the right to receive upon vesting one share of Dollar
General common stock. The amounts listed are equal to the compensation cost recognized during fiscal 2006 for
financial statement purposes in accordance with Statement of Financial Accounting Standards 123R (“FAS 123R”),
except no assumptions for forfeitures were included. Additional information related to the calculation of the
compensation cost is set forth in Note 10 of the consolidated financial statements of this report.
(3) Each of the directors, other than Mr. Clayton, received 4,600 RSUs during fiscal 2006 under the 1998 Stock
Incentive Plan. The aggregate grant date fair value computed in accordance with FAS 123R for the RSUs granted to
the directors during fiscal 2006 are as follows: Mr. Beré ($74,980); Mr. Bottorff ($74,980); Ms. Bowles ($74,980);
Mr. Dickson ($74,980); Mr. Gee ($74,980); Ms. Knuckles ($74,980); Mr. Purcell ($74,980); Mr. Robbins ($74,980);
Mr. Thornburgh ($60,536); and Mr. Wilds ($74,980). Additional information related to the calculation of the grant
date fair value is set forth in Note 10 of the consolidated financial statements of this report.
(4) The number of RSUs held by the directors under the 1998 Stock Incentive Plan at February 2, 2007 was as follows:
Mr. Beré (13,800); Mr. Bottorff (13,800); Ms. Bowles (13,800); Mr. Clayton (9,200); Mr. Dickson (13,800); Mr.
Gee (13,800); Ms. Knuckles (13,800); Mr. Purcell (13,800); Mr. Robbins (13,800); Mr. Thornburgh (4,600); and
Mr. Wilds (13,800). Dividend equivalents on the RSUs are credited to the director’s RSU account in accordance
with the terms of the 1998 Stock Incentive Plan.
(5) No compensation expense was recorded for fiscal 2006 for options awarded to directors under the 1998 Stock
Incentive Plan because no options were granted to directors during fiscal 2006 and all previously awarded options
had vested prior to fiscal 2006. The number of stock options held by the directors under the 1998 Stock Incentive
Plan at February 2, 2007 was as follows: Mr. Beré (9,444); Mr. Bottorff (16,876); Ms. Bowles (12,780); Mr.
Clayton (16,876); Mr. Dickson (16,876); Mr. Gee (15,938); Ms. Knuckles (11,150); Mr. Robbins (9,345); and Mr.
Wilds (16,876). The number of stock options held by the directors under the 1995 Outside Directors Stock Option
103