Staples 2006 Annual Report Download - page 59

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43
2006 FISCAL YEAR-END OPTION VALUES
As of the end of our 2006 fiscal year, the total value of each of the named executive officers’ unexercised vested
and unvested in-the-money options, representing the difference between the applicable exercise price and the fair
market value of our common stock on February 3, 2007, are as follows:
Name Vested Unvested
Ronald L. Sargent........................................... $ 73,950,873 $ 5,538,942
John J. Mahoney............................................ $ 24,477,746 $ 1,792,460
Michael A. Miles............................................ $ 3,024,263 $ 2,527,418
Joseph G. Doody............................................ $ 5,484,283 $ 924,989
Demos Parneros ............................................ $ 6,600,061 $ 924,989
Basil L. Anderson ........................................... $ 2,467,595 $ 0 *
* Excludes options awarded to Mr. Anderson in connection with service on our Board of Directors and its
committees following his retirement as our Vice Chairman, which are included in the Director Compensation For
2006 Fiscal Year table earlier in this proxy statement.
OPTION EXERCISES AND STOCK VESTED DURING 2006 FISCAL YEAR
The following table summarizes the option exercises and vesting of stock awards for each of the named executive
officers during our 2006 fiscal year.
Option Awards Stock Awards
Name of Executive Officer
Number of
Shares Acquired
on Exercise (#)
Value Realized
Upon Exercise ($) (1)
Number of
Shares Acquired
Upon Vesting (#)
Value Realized
on Vesting ($) (2)
Ronald L. Sargent . . . . . . . . . . . . . . . . . 0 0 600,000 (3) 15,259,500 (4)
John J. Mahoney .................. 0 0 67,500 (5) 1,670,625 (6)
Michael A. Miles . . . . . . . . . . . . . . . . . . 0 0 75,000 (5) 1,856,250 (6)
Joseph G. Doody.................. 196,300 (7) 3,009,510 (7) 82,500 (8) 2,082,825 (9)
Demos Parneros................... 30,375 (10) 617,588 (10) 112,500 (11) 2,852,625 (12)
Basil L. Anderson.................. 15,000 (13) 192,241 (13) 199,200 (14) 4,888,368 (14)
(1) Represents the difference between the exercise price and the fair market value of our common stock on the date
of exercise.
(2) Represents the fair market value of the stock award on the date of vesting.
(3) Represents 150,000 shares of Performance Accelerated Restricted Stock (PARS) awarded in the 2004 fiscal year
which vested in full in March 2006 as a result of achieving our earnings target for the 2005 fiscal year and a
restricted stock award of 450,000 shares granted on January 26, 2004, which vested in full on January 26, 2007.
(4) Represents the aggregate fair market value of a PARS award for 150,000 shares on the date of vesting, March 7,
2006 ($24.75 per share), and a restricted stock award for 450,000 shares on the date of vesting, January 26, 2007
($25.66 per share).
(5) Represents PARS awarded in the 2004 fiscal year, which vested in full in March 2006 as a result of achieving our
earnings target for the 2005 fiscal year.
(6) Represents the fair market value ($24.75 per share) of the stock award on the date of vesting, March 7, 2006.
(7) Represents the aggregate number of shares acquired and the aggregate value realized upon exercise of the
following stock option awards:
•Option to purchase 37,500 shares awarded on June 6, 2000 with an exercise price of $9.375 per share exercised
on March 23, 2006 at the fair market value of $25.3048 per share.
•Option to purchase 75,000 shares awarded on July 1, 2000 with an exercise price of $10.25 per share exercised
on March 23, 2006 at the fair market value of $25.3048 per share.