Staples 2006 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2006 Staples annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

41
Option Awards Stock Awards
Name
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 ($)
Option
Expiration
Date
Number of
Shares or
Units of Stock
That Have Not
Vested (#)
Market
Value of
Shares
or Units
of Stock
That Have
Not Vested
($) (1)
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 ($)
Demos Parneros . . . . 0 130,168 (2) 24.50 7/3/2016 23,125 (3) 611,656 33,210 (4) 878,405
18,750 (5) 56,250 (5) 21.29 6/30/2015 37,500 (6) 991,875
37,500 (7) 37,500 (7) 19.12 7/1/2014
67,186 (8) 7,814 (8) 12.88 7/31/2013
75,000 (9) 0 10.6266 8/31/2012
9,499 (24) 0 13.3533 5/31/2012
75,000 (25) 0 13.26 5/29/2012
18,000 (12) 0 9.7466 8/5/2011
13,500 (13) 0 9.9583 10/18/2010
1,702 (14) 0 8.0679 7/31/2010
18,000 (14) 0 10.25 7/31/2010
13,500 (15) 0 9.375 7/6/2010
1,648 (26) 0 10.10 4/27/2010
18,000 (16) 0 20.625 7/31/2009
27,000 (20) 0 13.3888 7/31/2008
74,250 (27) 0 6.8518 9/27/2007
Basil L. Anderson*. . . 180,000 (5) 0 21.29
180,000 (7) 0 19.12
3,375 (28) 0 13.3333
22,500 (29) 0 18.6666
* Mr. Anderson retired as our Vice Chairman on March 1, 2006. Mr. Anderson’s equity awards for service on our
Board of Directors following his retirement are included in the Director Compensation For 2006 Fiscal Year
table elsewhere in this proxy statement.
(1) Based on the fair market value of our common stock on February 3, 2007 ($26.45 per share).
(2) Stock options vest at the rate of 25% per year, with vesting dates of 7/3/2007, 7/3/2008, 7/3/2009 and 7/3/2010.
(3) Restricted stock award vesting at the rate of 50% two years from grant and 50% three years from grant, with
vesting dates of 7/3/2008 and 7/3/2009.
(4) Threshold payout of performance share award which vests subject to satisfaction of performance objectives for
the 2006 through 2008 fiscal years, with a vesting date in March 2009.
(5) Stock options initially vested at the rate of 25% per year, with vesting dates of 6/30/2006, 6/30/2007, 6/30/2008 and
6/30/2009 and vested in full upon Mr. Anderson’s retirement as our Vice Chairman on 3/1/2006.
(6) Performance Accelerated Restricted Stock (PARS) Award vests in full in March 2010, subject to full acceleration
upon achievement of certain pre-determined earnings growth targets over the 2006 to 2008 fiscal years.
(7) Stock options initially vested at the rate of 25% per year, with vesting dates of 7/1/2005, 7/1/2006, 7/1/2007 and
7/1/2008 and vested in full upon Mr. Anderson’s retirement as our Vice Chairman on 3/1/2006.
(8) Stock options vest at the rate of 25% per year on 7/1/2004 and then 2.083% each month beginning 8/1/2004 and
ending 7/1/2007.
(9) Stock options vest at the rate of 25% per year on 8/1/2003 and then 2.083% each month beginning 9/1/2003 and
ending 8/1/2006.
(10) Stock options vest at the rate of 25% per year on 3/1/2003 and then 2.083% each month beginning 4/1/2003 and
ending 3/1/2006.