Staples 2007 Annual Report Download - page 60

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GRANTS OF PLAN-BASED AWARDS FOR 2007 FISCAL YEAR
The following table sets forth summary information regarding grants of plan-based awards made to the named
executive officers for our 2007 fiscal year.
All Other All Other
Stock Option
Awards: Awards: Exercise
Estimated Possible Payouts Estimated Future Payouts Number Number of or Base Grant Date
Under Non-Equity Incentive Under Equity Incentive of Shares Securities Price of Fair Value
Plan Awards* Plan Awards (1)*
Committee of Stock Underlying Option of Stock
Grant Approval Threshold Target Maximum Threshold Target Maximum or Units Options Awards and Option
Name Date Date ($) ($) ($) (#) (#) (#) (#) (2)* (#) (3)* ($/Sh) Awards (4)
Ronald L. Sargent .... 103,948 1,385,969 2,771,938
2/5/2007 12/12/2006 87,426 97,140 194,280 $2,550,896
3/8/2007 3/6/2007 187,500 281,250 375,000 $9,795,000 (5)
3/8/2007 3/6/2007 375,000 $9,795,000 (6)
7/2/2007 6/11/2007 69,640 $1,700,609
7/2/2007 6/11/2007 557,653 24.42 $4,249,316
John J. Mahoney .... 37,769 503,588 1,007,175
2/5/2007 12/12/2006 39,908 44,342 88,684 $1,164,421
7/2/2007 6/11/2007 31,789 $ 776,287
7/2/2007 6/11/2007 254,557 24.42 $1,939,724
Michael A. Miles, Jr. . 37,769 503,588 1,007,175
2/5/2007 12/12/2006 39,908 44,342 88,684 $1,164,421
7/2/2007 6/11/2007 31,789 $ 776,287
7/2/2007 6/11/2007 254,557 24.42 $1,939,724
Joseph G. Doody .... 23,440 312,530 625,060
2/5/2007 12/12/2006 23,376 25,973 51,946 $ 682,051
7/2/2007 6/11/2007 18,621 $ 454,725
7/2/2007 6/11/2007 149,104 24.42 $1,136,172
Demos Parneros ..... 23,424 312,320 624,640
2/5/2007 12/12/2006 23,376 25,973 51,946 $ 682,051
7/2/2007 6/11/2007 18,621 $ 454,725
7/2/2007 6/11/2007 149,104 24.42 $1,136,172
* Equity awards are granted pursuant to our Amended and Restated 2004 Stock Incentive Plan. Non-equity awards are granted pursuant to our
Executive Officer Incentive Plan.
(1) The amounts shown reflect potential shares payable pursuant to performance share awards granted on February 5, 2007 for the 2007-2009
performance period. The threshold achievement payout is 90% of target and maximum achievement payout is 200% of target. Performance
below a threshold level results in no payout. Management currently believes that it is likely that actual performance will fall below the
threshold level, resulting in no payout under such performance share awards.
(2) Unless otherwise noted, the restricted stock vests 50% on the second anniversary of the date of grant and 100% on the third anniversary of
the date of grant. The vesting of these restricted stock awards is accelerated in the circumstances described under the caption ‘‘Accelerated
Vesting of Awards’’ below. Dividend equivalents will be paid in cash on the shares of restricted stock listed in the table to the same extent and
at the same rate that cash dividends are paid on our outstanding shares of common stock.
(3) Stock options vest 25% per year after the date of grant. The exercisability of the options is accelerated in the circumstances described under
the caption ‘‘Accelerated Vesting of Awards’’ below.
(4) The grant date fair value of the restricted stock granted on July 2, 2007 is $24.42 per share. The grant date fair value of the stock options
granted on July 2, 2007 is $7.62 per share. The grant date fair value of the restricted stock granted on March 8, 2007 is $26.12 per share.
(5) The share amounts shown for this award reflect potential shares payable pursuant to a performance share award for the 2007-2011
performance period. The threshold achievement payout is 50% of target and maximum achievement payout is 100% of target. Performance
below a threshold level results in no payout.
(6) The restricted stock vests in full on March 8, 2012, subject to accelerated vesting in the circumstances described under the caption
‘‘Compensation Discussion and Analysis — 2007 Retention Award to CEO.’’
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