Staples 2007 Annual Report Download - page 16

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the voting power of FMR. The Johnson family group and all other Series B shareholders have entered into a
shareholders’ voting agreement under which all Series B voting common shares will be voted in accordance with
the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common
shares and the execution of the shareholders’ voting agreement, members of the Johnson family may be deemed
to form a controlling group with respect to FMR. Neither FMR nor Johnson has the sole power to vote or direct
the voting of the shares owned directly by Fidelity Funds, which power resides with the Fidelity Funds’ Boards of
Trustees. Fidelity carries out the voting of the shares under written guidelines established by the Fidelity Funds’
Boards of Trustees. Strategic Advisers, Inc. (‘‘SA’’), a wholly-owned subsidiary of FMR and an investment adviser
with offices at 82 Devonshire Street, Boston, MA 02109, provides investment advisory services to individuals. As
such, FMR’s beneficial ownership includes 27,067 shares beneficially owned through SA. Pyramis Global
Advisors, LLC (‘‘PGALLC’’), an indirect wholly-owned subsidiary of FMR and an investment adviser with offices
at 53 State Street, Boston, MA 02109, is the beneficial owner of 1,300 shares as a result of its serving as
investment adviser to institutional accounts, non-U.S. mutual funds, or investment companies owning such
shares. Johnson and FMR, through its control of PGALLC, each has sole dispositive power over 1,300 shares and
sole power to vote or to direct the voting of 1,300 shares owned by institutional accounts or funds advised by
PGALLC described above. Pyramis Global Advisors Trust Company (‘‘PGATC’’), an indirect wholly-owned
subsidiary of FMR and a bank with offices at 53 State Street, Boston, MA 02109, is the beneficial owner of
1,150,585 shares as a result of its serving as investment manager of institutional accounts owning such shares.
Johnson and FMR, through its control of PGATC, each has sole dispositive power over 1,150,585 shares and sole
power to vote or to direct the voting of 922,235 shares owned by institutional accounts managed by PGATC
described above. Fidelity International Limited (‘‘FIL’’), with offices at Pembroke Hall, 42 Crow Lane, Hamilton,
Bermuda, and various foreign-based subsidiaries provide investment advisory and management services to a
number of non-U.S. investment companies and certain institutional investors. FIL, which is a qualified institution
whose chairman is Johnson, is the beneficial owner of 1,015,649 shares. Partnerships controlled predominantly by
members of the Johnson family, or trusts for their benefit, own shares of FIL voting stock with the right to cast
approximately 47% of the total votes which may be cast by all holders of FIL voting stock. FMR and FIL are of
the view that they are separate and independent corporate entities and that their Boards of Directors are
generally composed of different individuals. FIL has sole dispositive power over 1,015,649 shares owned by
International Fidelity Funds. FIL has sole power to vote or direct the voting of 959,149 shares and no power to
vote or direct the voting of 56,500 shares held by International Fidelity Funds. This footnote and related tabular
disclosure is based on FMR’s Schedule 13G/A filed with the Securities and Exchange Commission on
February 14, 2008.
(5) Includes 12,000 shares owned by Mr. Anderson’s wife.
(6) Includes 35,235 shares owned by Dr. Moriarty’s children, of which Dr. Moriarty disclaims beneficial ownership,
and 82,500 shares owned by Dr. Moriarty’s wife.
(7) Includes 229,806 shares owned by NAK Staples GRAT LLC, 37,968 shares owned by Nakasone Capital LLC and
26,483 shares owned by Robert C. Nakasone Trust.
(8) Includes 2,393 shares that may be distributed from a 401(k) plan account.
(9) Includes 8,301 shares owned by Sargent Charitable Fund of which Mr. Sargent disclaims beneficial ownership.
Also includes 2,481 shares that may be distributed from a 401(k) plan account.
(10) Includes 142,984 shares owned by M. Trust FL Intangible Tax Trust and 108,433 shares owned by M. Trust 2005
GRAT. Also includes 1,462 shares owned by Trust Family Foundation, 25,624 shares owned by Diane Trust and
36,204 shares owned by 1999 MTDT Descendants’ Trust, all of which Mr. Trust disclaims beneficial ownership.
(11) Includes 247 shares held by Paul F. Walsh, IRA and 102,252 shares held by the Walsh Family Trust.
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