Office Depot 2011 Annual Report Download - page 75

Outstanding Equity Awards at 2011 Fiscal Year-End
Option Awards Stock Awards
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j)
Named Officers
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
Equity Incentive
Plan Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options (#)
Option
Exercise
Price ($)
Option
Expiration
Date
Number of
Shares or
Units of
Stock That
Have Not
Vested (#)
(18) Market
Value of Shares
or Units of
Stock That Have
Not Vested ($)
Equity Incentive
Plan Awards:
Number of
Unearned
Shares, Units or
Other Rights
That Have Not
Vested (#)
Equity Incentive
Plan Awards:
Market or Payout
Value of
Unearned Shares,
Units or Other
Rights That Have
Not Vested ($)
Charles Brown (16) ........... 40,000 (10) — — — $16.0650 2/4/12 — — — — —
40,000 (11) — — — $11.4850 2/14/13 — — — — —
40,000 (12) — — — $17.5450 3/26/13 — — — — —
50,000 (13) — — — $18.0850 2/11/12 — — — — —
25,000 (14) — — — $28.2450 7/26/12 — — — — —
285,423 (15) — — — $11.2700 3/26/13 — — — — —
133,333 (5) — — — $ 0.8500 3/26/13 — — — — —
133,333 (5) — — — $ 1.0625 3/26/13 — — — — —
66,666 (6) — — — $ 7.7100 3/26/13 — — — — —
66,666 (6) — — — $ 9.6380 3/26/13 — — — — —
Daisy Vanderlinde (17) ........ 337,500 (5) — — — $ 0.8500 2/28/13 — — — — —
112,500 (5) — — — $ 1.0625 2/28/13 — — — — —
112,500 (6) — — — $ 7.7100 2/28/13 — — — — —
112,500 (6) — — — $ 9.6380 2/28/13 — — — — —
67,060 (8) — — — $ 5.1300 2/28/13 — — — — —
80,000 (7) — — — $ 5.3400 2/28/13 — — — — —
(1) Represents annual grants of stock options made to Mr. Austrian as part of his compensation for serving on the Board of Directors for prior years.
(2) Mr. Austrian was granted non-qualified stock options to purchase 400,000 shares of common stock of the company on November 2, 2010 pursuant to
and subject to the terms of the company’s 2007 LTIP. Additionally, Mr. Austrian agreed to extend the scheduled vesting date for the unvested stock
options to April 30, 2013 when he was named interim Chair and CEO.
(3) In lieu of a sign-on cash bonus and to incentivize future performance, Mr. Austrian was awarded two grants of restricted shares of the company’s
common stock on May 23, 2011. The first grant of 600,000 restricted shares is subject to vesting based on a service requirement, and the second grant
of 600,000 restricted shares is subject to vesting based on both service and performance requirements, as further described under the “Summary of
Executive Agreements and Potential Payments Upon Termination or Change in Control.”
(4) Represents stock options granted to Mr. Newman on August 27, 2008 under the 2007 LTIP as part of his sign-on with the company. These options
vest in three equal installments beginning on the first anniversary of the grant date.
(5) Represents an annual grant of stock options awarded on March 4, 2009 under the 2007 LTIP. 50% of the grant consisted of at-the-money options and
50% consisted of premium-priced options. The options vest in three equal installments beginning on the first anniversary of the grant date.
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