Staples 2006 Annual Report Download - page 60

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44
•Option to purchase 37,500 shares awarded on September 18, 2000 with an exercise price of $9.9583 per share
exercised on March 23, 2006 at the fair market value of $25.3048 per share.
•Option to purchase 46,300 shares awarded on July 6, 2001 with an exercise price of $9.7466 per share exercised
on September 20, 2006 at the fair market value of $25.0039 per share.
(8) Represents 37,500 shares of 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 45,000 shares granted on
January 26, 2004, which vested in full on January 26, 2007.
(9) Represents the aggregate fair market value of a PARS award for 37,500 shares on the date of vesting, March 7,
2006 ($24.75 per share) and a restricted stock award for 45,000 shares on the date of vesting, January 26, 2007
($25.66 per share).
(10) Represents the aggregate number of shares acquired and the aggregate value realized upon exercise of the
following stock option awards:
•Option to purchase 10,125 shares awarded on August 27, 1996 with an exercise price of $6.1111 per share
exercised on September 13, 2006 at the fair market value of $24.50 per share.
•Option to purchase 20,250 shares awarded on November 1, 1996 with an exercise price of $5.2963 per share
exercised on November 17, 2006 at the fair market value of $26.60 per share.
(11) Represents 37,500 shares of 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 for 75,000 shares granted on
January 26, 2004, which vested in full on January 26, 2007.
(12) Represents the aggregate fair market value of a PARS award for 37,500 shares on the date of vesting, March 7,
2006 ($24.75 per share) and a restricted stock award for 75,000 shares on the date of vesting, January 26, 2007
($25.66 per share).
(13) Represents the aggregate number of shares acquired and the aggregate value realized upon exercise of the
following stock option awards:
•Option to purchase 3,750 shares awarded on August 1, 2002 with an exercise price of $10.6266 per share
exercised on February 1, 2006 at the fair market value of $23.558 per share.
•Option to purchase 3,750 shares awarded on July 1, 2003 with an exercise price of $12.2333 per share exercised
on February 1, 2006 at the fair market value of $23.558 per share.
•Option to purchase 3,750 shares awarded on August 1, 2002 with an exercise price of $10.6266 per share
exercised on March 1, 2006 at the fair market value of $24.934 per share.
•Option to purchase 3,750 shares awarded on July 1, 2003 with an exercise price of $12.2333 per share exercised
on March 1, 2006 at the fair market value of $24.934 per share.
(14) Represents the aggregate number of shares vesting and the aggregate value realized from the vesting in full of the
following awards upon Mr. Anderson’s retirement on March 1, 2006 at the fair market value of $24.54 per share:
•79,200 shares of PARS awarded on October 1, 2001.
•60,000 shares of PARS awarded on October 1, 2004.
•60,000 shares of PARS awarded on October 3, 2005.
PENSION BENEFITS FOR 2006 FISCAL YEAR
Staples does not have a pension plan.
Name Plan Name
Number of
years credited
service (#)
Present Value of
Accumulated
Benefits
Payments
During Last
Fiscal Year ($)
Ronald L. Sargent................... $ 0 $ 0
John J. Mahoney.................... $ 0 $ 0
Michael A. Miles.................... $ 0 $ 0
Joseph G. Doody.................... $ 0 $ 0
Demos Parneros .................... $ 0 $ 0
Basil L. Anderson ................... $ 0 $ 0