Foot Locker 2005 Annual Report Download - page 106

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2005 Compensation of Non-Employee Directors
Annual Annual Lead
Retainer/Committee Retainer/Committee Director
Chair Retainer Chair Retainer Fee Paid in Meeting
Director Paid in Cash $ Paid in Stock Cash $ Fees $ Total
J. C. Bacot* .................... 21,875 21,875 25,000 7,500 76,250
P. Crawford ..................... 45,000 45,000 — 28,500 118,500
N. DiPaolo ..................... 40,000 40,000 — 39,000 119,000
A. Feldman ..................... — 73,333 — 10,500 83,833
P. Geier Jr. ..................... 40,000 40,000 — 15,000 95,000
J. Gilbert Jr .................... 45,938 45,938 — 31,500 123,376
J. Preston ....................... 43,750 43,750 — 18,000 105,500
D. Schwartz .................... 40,000 40,000** — 30,000 110,000
C. Sinclair ...................... 43,750 43,750 — 19,500 107,000
C. Turpin ....................... 20,000 60,000** — 12,000 92,000
D. Young ....................... — 80,000** — 25,500 105,500
* Served as a director until his death on April 7, 2005.
** Payment deferred under the Foot Locker 2002 Directors Stock Plan.
2005 Stock Option Grants to Non-Employee Directors
Annual Stock
Option Grant Fair Market Value
Director (# of Shares) Date of Grant on Date of Grant $
J. C. Bacot*.......................................... 1,878 01/31/05 26.61
P. Crawford ........................................... 1,878 01/31/05 26.61
N. DiPaolo ........................................... 1,878 01/31/05 26.61
A. Feldman .......................................... 1,875 02/16/05 26.66
P. Geier Jr. ........................................... 1,878 01/31/05 26.61
J. Gilbert Jr .......................................... 1,878 01/31/05 26.61
J. Preston ............................................ 1,878 01/31/05 26.61
D. Schwartz .......................................... 1,878 01/31/05 26.61
C. Sinclair ............................................ 1,878 01/31/05 26.61
C. Turpin ............................................. 1,878 01/31/05 26.61
D. Young ............................................. 1,878 01/31/05 26.61
* Option automatically cancelled as a result of Mr. Bacot’s death on April 7, 2005.
Directors’ Retirement Plan
The Directors’ Retirement Plan was frozen as of December 31, 1995. Consequently, only Jarobin
Gilbert Jr. and James E. Preston, who had each completed at least five years of service as a director on
the date the plan was frozen, are entitled to receive a benefit under this plan when their service as
directors ends. Messrs. Gilbert and Preston will receive an annual retirement benefit of $24,000 for a
period of 10 years after they leave the Board or until their death, if sooner.
Directors and Officers Indemnification and Insurance
We have purchased directors and officers liability and corporation reimbursement insurance from a
group of insurers comprising ACE American Insurance Co., St. Paul Mercury Insurance, RLI Insurance
Co., Starr Excess, American Casualty Company of Reading, PA (CNA), Allied World Assurance
Company, Ltd., and XL Bermuda. These policies insure the Company and all of the Company’s wholly
owned subsidiaries. They also insure all of the directors and officers of the Company and the covered
subsidiaries. The policies were written for a term of 12 months, from September 12, 2005 until
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